Ravencoin Community Projects 2022-Beyond
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It would be awesome to see Ravencoin reaching out to all the 7.9Billion people. There are some seed projects I would like to share with the community and see if it’s possible for us to implement any of them. The Revencoin team is now “you” and you’re involved to submit your idea/enhancements/logic/problem solving/influence/investment to the community. The only thing that is left to do is to assign roles on who must do what which can fall under “Project Management”. So kindly feel free to contribute in any part if we can carry out any of those projects in the future. Of course there will be nothing for free, your time must be appreciated and paid for. If we can do this within our own community cool, if any of those projects can help the coin or you that would be badass. We can discuss any of following projects in more details, the 3rd project is what I do best and that is banking, risk and international trade. 1- Inheritance Wallet Transfer This project can be implemented on RVN coin wallets or RVN coin associated address/wallets in exchanges like Binance/CB. The idea here is that we can set an auto transfer timer to a destination address in case if someone passes away. This is life, and all of us might go away at any moment. So some of the options might be is to set a date and time for the transfer to destination wallet (Charity/Son/Daughter/Wife/Father/Friend/Club/) or to trigger the transfer in case if the user does not log in to his account for X time set by the user himself. This option will guarantee that someone can use your coins after you’re gone, especially if you’re alone in this world and you didn’t share your information of your login/password with any members of the family/friends. This can be a Ravencoin specific option available for the Ravencoin holders and the script is the same for all exchanges/wallets. A person who works in any of those exchanges can help a lot with this. This option is disabled by default, but can be enabled for RVNcoin holders. "Nahh, You must suffer like I did! JK :)" 2- Gaming Quests/Tips/Gametime RVN Rewards In this section if anyone works in gaming like EA, Unreal, Microsoft, Ubisoft, Blizzard can reach out to them and implement a Ravencoin wallet option (in game) to tip/earn coins from the developers themselves or from other players by doing quests for example and you need 6 members to help you kill a major NPC or let’s take for example Flight Simulator flying from one destination to another, or by being a real virtual ATC for couple of hours etc. This project needs someone with high influence within the gaming community/developers. I don’t think they mind buying $1,000,000 worth of RVN coins and probably other coins and sharing them with the community. It’s a billion dollar industry and this will help in their sales and it will help players to make money not depending on twitch or youtube. "RVN in most online games , 10RVN for Nuke Kill in MW2 Classic" 3- Raven Trust Bank Network (RTBN) and International Trade LC/SBLC/LG This section I’ve shared it with Tron back in May 2021, the feedback I got on this it’s interesting but complicated. I must say that there is no easy way to make it very simple, and the reason for that it involves collateral and guarantee. For you to understand LC/SBLC and LG those are banking instruments associated with the real “Proof of Product”, now banks they deal only with “Paper” and they don’t care about the entire supply chain network. This section is broken into two: 1- Dealing with a Trusted Counter Party (Conduit) between supplier and beneficiary. 2- Dealing with untrusted supplier (Peer to Peer) but having a conduit (Bank?) 1- Dealing with a Trusted Counter Party. Here we need some people who work for Amazon.com/Newegg.com or any major trusted supplier in their own region to buy and accept Ravencoin for payments. The Counter Party will ensure a refund of the ravencoins if the deal is cancelled also they make sure that they cover the ravencoin floating price, tax, transaction fees etc. This is the easy part, because you know that you’re dealing with a trusted supplier who can return your Ravencoins and you won’t get scammed. 2- Dealing with untrusted supplier. Do you have scammers telling you that you can buy a commodity cheap by doing a TT or MT103 and then you tell them If you can do an LC and they say “No”? Then they are 99% scammers. The reason why the LC/SBLC/LG were created because there is no trust between counter parties in transactions that involves money. Now how can you be sure that the supplier in China or in Chile can deliver what you want? Also how can the supplier ensures that you have sufficient funds to pay for all the goods? Now the most challenging thing I found in this part is the hypothecation/collateral/guarantee of the funds? Who must be responsible to ensure that the POP (Proof of Products: POP means all the required paper by the buyer to ensure that his goods are coming like B/L, invoice, SGS etc) is filled and the supplier is paid almost instantly after delivering POP. Now instead of having a proof of stake system that earn interest by doing nothing, how can we implement this banking system? Do we establish Ravencoin bank by the community and employ people to do the checking? Do we reach out to SGS/FEDEX/UPS to make special Ravencoin BL’s? Do we automate this by having the POP papers having a codebar linked to the Ravencoin bank system? If you want more details about this, I can send you the proposal document and the excel sheet. Jeroz/Funkoma Thanks! submitted by /u/Cultural_Traffic_321 |
