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Rainbow Seeds Implementation #425

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n13 opened this issue Jan 14, 2022 · 0 comments
Open

Rainbow Seeds Implementation #425

n13 opened this issue Jan 14, 2022 · 0 comments

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@n13
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n13 commented Jan 14, 2022 •
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Original Spec

  • A user can create a rainbow seeds token - using any available ticker symbol - if they have dSeeds to back it
  • A user chooses the amount of dSeeds to back the token with
  • User issues the token to themselves, using their backed dSeeds
  • Other users may be allowed to issue more based on more dSeeds, or the original user (issuer) keeps control - probably the latter.
  • As dSeeds become liquid, they become available to be traded 1:1 for the rainbow seed token
  • No management of tokens other than allowing the creation of tokens by a regional account or org account in Seeds
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