Hi I’m dRAT3 I’ve been hanging around on the commons stack discord. I have a proposal for the TEC
So the procedure to get someone to invest in your commons is the following:
- Convince person about project merrit
- Explain what a crypto token is
- Explain what a bonding curve is
- Explain what Dai,or xDai or wxDai is
- Call to action, get them to buy dai/xdai on exchange
- Get them to install metamask and change rpc settings to xdai or arbitrum, explain that they need eth as well to pay gas
- Get them to connect to the curve and mint the tokens
Then I haven’t spoken about kyc, private keys and self-custody.
For step 2and 3 create a finematics type animated introduction that every commons can re-use
For step 4 to 7
Create a part of the stack for managed minting and managed burning. With an exchange like web-wallet managed by TEC and possibility to withdraw tokens to private wallet for governance/utility once the users get a hang on crypto and want to be more involved with the commons.
Give user the option to mint directly with dai or use a payment processor/wire transfer. When they pay with a payment processor they have to do kyc to prevent fraud. Then they get connected to the TEC platform and TEC mints the tokens in the background for the user. They can then burn them again for usd.
Make this an opt-in service for the commons and payed for by said commons. I propose a commision of certain percentage upto a certain level.
This will probably become obsolete once cbdc’s are live, but for now I think it’s a crucial thing to have.
Security: When funds get frozen because of stolen cc and the token drops in value there is a loss. Would have to be offset by profits made by the commision/subscription model.
Legal : avoid being regulated as an exchange
Technical: Should be doable with the talent you got here…
TEC just got a revenue model and your tokens become more valuable
Commons are going to get way more donators