Ben DiFrancesco

@iL5lJBVqTCi2_QOQGMN1rQ

Joined on Mar 6, 2020

  • High Level Proposal There are two types of users for personal tokens. Minters create personal tokens and offer them for sale. Redeemers purchase personal tokens from minters, and later burn them as a claim on the Minter's time (or other services they are offering). Each Minter's tokens are placed into a liquidity pool on Uniswap. The Minter decides how much each token should initially cost by specifying the Ether to back the tokens in the Uniswap liquidity pool. As tokens are purchased, the price per token naturally increases. Minters can mint more tokens for the pool if they choose to, allowing them to adjust the price per token downward. Liquidity is provided by a Gitcoin owned smart contract. Uniswap liquidity fees for personal token pools are thus earned by Gitcoin, providing a revenue stream to Gitcoin for providing the service with no additional cost to the users. User Stories
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