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== 19 Mar 2018 - Discord ==
Well there will be two types of assets -- a token or coin which will have lots of fungible units -- from 2 to a trillion or more units.
These can be divided and shared.
There will also be a unique token type which will represent a one of a kind asset. --- If you make it divisible it becomes more like the first type of asset.
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So using the Ravencoin protocol you can issue:
10000 Almscoin
10 Family coin
1 Art token
10 game tokens called J
1 Game token called #Platinum_Sword335
32 Game tokens called SuperArmor
5,600,000 tokens called IBM Class A preferred
Etc
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''(Slightly edited due to what I think was a discord typo)''
If Raven has any value it would get it from
1) people wanting to use the network
2) because RVN is needed to be provably burned to use any of these features
3) because the protocol will allow RVN to be sent to the holders of OTHER tokens as a dividend or gift
4) cash, exchange or any other uses anyone comes up with for this
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no, 1 RVN won't relate to the sword or IBM Stock or anything anyone else puts on the chain -- that value (if any) will be determined by the supply & demand of whatever asset is put on the chain and its issuer
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Raven will need to be burned if someone wants to use the protocol to make an asset
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A small amount
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no, some RVN will be needed to CREATE an asset but once it's created its value is whatever you make of it. Joe could make an asset representing his beer can collection or Google could issue an asset for preferred stock worth $20 billion - all depends on the issuer
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We'd imagine that assets / tokens using the Ravencoin chain will vary greatly
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yes to create an asset a small amount is burned
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It's not secret. smiley we all want to be transparent and get info out there -- the roadmap is done -- reason for delay is mainly just that we want to rollout thoughtfully and be careful of duplicating efforts etc.
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@blockchange it depends how you track it -Coinmarketcap doesn't acknowledge burned coins afaik but these definitely affect outstanding supply
If the project snd process is successful and popular we could see a material number of coins burned
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the possible use cases are extensive from games and hobbies to securities tokens to art
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for sure!! The original plan / use case for Ravencoin was focused on hard assets and securities tokens exactly like this --- once the devs figured out a way to do this we instantly realized that the features also have massive potential for game apps
== 18 Mar 2018 - Telegram ==
