I am creating a L2 Asset Manager called “Ravenburn.com”! MPW-NY Full Example
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PERSONAL NOTE: All your upvotes and downvotes are appreciated. 200+ upvotes means this project is what you guys want, I have poured my experience and knowledge in risk, finance and International trade to come up with this, the only thing I don't know is the backend work and crypto chains communications with applications, databases and servers. I am inviting onboard Raven Guardian if he can join me creating ravenburn.com ( community: If there is a better name post it in the comments section) If you want to be part of my team, please DM me, I'll be overseeing it and funding it. I hate to promise, but if god wills I will deliver this if you like it!!! Ravencore and WxRaven are hard to interact with and the user does not care what is P2SH, IPFS etc.. In addition any asset that does not have a market value is just "worthless". ————————————————————————————————————————————— Ravenburn.com Full Example of Marco Pierre White joint in NY selling "Lemon Deserts" from creating account to selling all the assets created.Marco White is a chef I love watching and I am going to use him in this example if he ever wanted to sell his "Lemon Deserts" on the Ravencoin network. 1- Login page to log to server or create a username and password 2- KYC / F2A page In the account creation page, if you don't have a Ravencoin wallet, it will autogenerate one for you. If you have your own you can paste the address and it will use that wallet for asset creation (use a wallet that you're okay to have their assets attached/detached to it) The "Orange" verification allows you to trade anything within your region. The Blue "Verification" means that you're trust worthy and all the DD is done by either an external 3rd party or my future team will say that this company has the assets to sell and inspected (this is hopium but yeah!). The section is blocked for your safety. if you do a P2P, you have to be able to contact the guy or authorities in case of a dispute, at the end this is real money, RVN and assets here are worth money. 3- Wallet Funding Options The funding options for your wallet. In the example I have, the money will come from users who are buying deserts, and I kept the burn cost at (zero). So for MPW there is no need to fund the wallet. 4- Asset Control and Asset Trails This is a very primitive and basic dashboard for the assets creation. In this section MPW-NY Steak and Grills decided to sell 100 "Lemon Deserts" so they clicked "Create Regional Asset" and start filling what's needed in the coming example. Creating the Desert ASSETMarco P W decided to sell 100 "Lemon Deserts With Original Yemeni Honey" for $5 each including free delivery in NY area. The price of RVNUSD was trading at exactly "0.05". The Asset Burn fees are free for MPW-NY till the end of April 2022, so they didn't burn Ravens. Their inputs: 1- Stock = 100 2- Price = 5 3- No asset maturity 4- Special Request (In case of food poisoning, the asset can only be returned to MPW-NY for a refund), but this is not important for now. They hit Create Asset, and now they have (100/100) in the NY Market. Buyer 1 buys (1 desert asset) First Buyer buys 1 Desert at 0.053, MPW asset wallet grows by 93.985 RVN and they get a notification email/alert to dispatch their first Desert. Buyer 2 buys (9 deserts assets) The price tanks 0.046 and one family decided that they want 9 of those deserts. So the price for the asset is now 109.4X9=984.68 in addition to the previous 93.985 that's 1078.668 RVN Buyer 3 buys (90 deserts assets) for the sake of your time The price of RVN surged to 0.062 and a big company decided to buy all the deserts, the cost was 7258 RVN coins and they were all delivered to that company the next day. MPW-NY has made 8336.732 at 0.062 which translates to $516.8 in profit. The asset value now is zero from the issues since they were all sold out. Conclusion: Marco White HODLs! Let me know your thoughts Kaw! submitted by /u/Cultural_Traffic_321 |
