When is crafting coming to crypto?

Trading shit coins for more digital currency is fun, but as any MMO player knows your digital assets only have value if you can craft high-end gear with them. I'd like to see a dApp get made whose utility token can only be forged by combining pre-determined recipes of altcoins into an escrow smart contract. The token that gets forged in this process is only staked to get access to the dApp. It's not a payment token. The trick will be just like when you break a piece of gear down to get the resources back in an MMO, when you burn the token to get the underlying altcoins from the escrow contract there is a 10% tax that goes towards incentivizing dApp participants.

The beauty of this system is the buying pressure is puts on undervalued altcoins, and the 10% tax is irrelevant to someone who buys up your utility token to get at the underlying assets when they become more valuable than the forged utility token. It's like a derivative that can benefit the whole crypto space. You can have dozens of recipes that target different sectors like a supply chain recipe, a memes recipe, an Internet of Things recipe.

I would be cool if 3rd party projects can start adding extra value to these digital assets beyond what the original purpose was for.

H2
H3
H4
3 columns
2 columns
1 column
Join the conversation now
Logo
Center