A Simple Miner-Centric Token Concept

A Simple Miner-Centric Token Concept

The concept is simple:

• Create a token for real investors, those wanting something like what Bitcoin offers but costs too much to generate (thanks to expensive input costs).

How to implement it:

1. Create a Miner token (token A) with a set cap.
2. Create an income distribution token (token B) with a set cap.
3. Allow token A to generate 100% of the rewards pool for token B with a degrading inflation rate over the years.
4. Allow all proceeds from token A sales to be powered up into Steem Power. Use this account and Steem Power to upvote all posts of token B holders proportional to holdings and reinvest all funds received into Steem Power.
5. Simultaneously and continuously power down the account to the amount of STEEM raised from token A sales and distribute proportionally to all token B holders. This will generate the income component.

NOTE:

I would implement this if I had the slightest clue of how to create a miner token, the know-how in how to create a voting bot, and the ability to automatically distribute funds proportionally.

Unfortunately, I do not. But I'm convinced many other Steemians do. So please make this happen already. It will help to lock in more STEEM, and create tokens that investors actually want.

@map10k this would be somewhat akin to what you guys are doing, but would add a slightly new dynamic. It would also greatly increase your funds as miner tokens attract long term investors who are more than willing to HODL while adding a parallel opportunity to raise funds since both tokens could be sold.

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