Input needed: What do you think about a token 'linked' to my future trading profits & backed by HBD?

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Hello everyone,

This is something that I've been thinking about lately. And as the title asks, what do you think about a token linked to my future trading profits (or losses!)

The concept is clear: A token hard-capped in supply (similar to SPI/LBI/BRO...etc), but with the particularity that relies on profits from farming/trading, etc rather than curation rewards to provide their holders a return.

100% of profits would be shared between all the token holders in the form of an increased token value. (I would be putting money into it as the main token holder obviously).

.....

For example.

Let's say that there are 100 tokens valued at 1$ (mcap of 100$).

Then I trade those 100$ and I get a +10% profit

Then the 'real' value of those 100 tokens is 110$ (1,1$/piece).

....

In general terms, some ideas that I already have in mind.

Emission

  • Supply capped. No presale. Hive-Engine to get us started.

  • 1$/token.

In similar fashion with @spinvest (but SPI did with STEEM/HIVE) , you send whatever amount in HBD and I'm sending you back the same amount in that token (no name yet sorry).

Backing

As proof of concept, I was thinking about allocating 80-90% of all token sales into HBD and stored in the Savings account generating a 10% interest.

  • This way we remain assured that AT LEAST 80% of all funds are safe and kept on-chain. I think it would be one of the first projects (if not the first) fully backed by HBD.

  • Trade/Farm with the remaining 10-20%.

I would like the token to act as a black hole for HBD, with some kind of burn&buyback feature for HBD but I still have to develop this idea further. I don't have coding skills so I would be managing this manually (if it isn't automated it can't be hacked though).

98% (or even 100%) Buyback promise

I don't like to keep people trapped without liquidity, so I thought it would be nice to 'guarantee' a promise of buyback whenever anyone wants to get out.

In that case, I would see reasonable to charge a 2% 'fee' (random number there, it could also be 0%). The fee would be equally shared between all the holders as the HBD ratio per token grows.

Trust (?)

'Yeah bro, trust me'

Since it's true that 'Previous results don't guarantee future results', I think it's safe to say that I'm not going to put my 'reputation' (if any) and my conscience at risk with this project.

As a side note, say that multiple community members had the chance to meet me in person and/or even have my personal phone. So needless to say that I'm by far not an anon. It would be (in fact it is!) in my best interest to keep people happy and with earnings.

I would also like to point out that I reserve the right to end at whatever time and for whatever reason (valid or not for you, I don't mind) the fund/project. If that would be the case I obviously return all the money to current token holders. I owe you nothing and you owe me nothing, deal sir?

Thoughts?

It would be nice to hear about community feedback. What do you like, what not? What would you change, etc etc etc

I'm all ears. This idea is still in pants but has been giving thoughts to it from time to time for a few months, so I thought 'why not give it a try?'

Thanks for reading :) and have a nice one.


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