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ChrisCoCreated
@chriscocreated
Anyone get on perspectives on local coins? as in having a erc-20 for my town? I don't know where to start looking or thinking about this. Is it an idea with any potential? Anyone working on it?
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audsssy
@audsssy
Not sure but if LETS and alternative currencies like time dolloars can work onchain yet but the digitization and efficiency it unlocks seem to make sense and probably welcome in most places $LOCAL is an onchain coordination system inspired by LETS and flows with stable currencies. You can check out a prototype showing a mock coffee shop with its offerngs here https://arm0ry.g0v.tw/playground/bulletin, and the dynamic NFTS capturing the trading metadata and sold on bonding curves in the Marketplace https://arm0ry.g0v.tw/playground/commons-reports
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ChrisCoCreated
@chriscocreated
thanks @audsssy appreciate you sharing. Seems we're pretty early days with these things. I'm curious, why bonding curves and tradable nfts, rather than a simple ERC20
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audsssy
@audsssy
The tradable NFTs represent product of reciprocity/mutuality from engaging with the offerings in "Menu" and they are sold using bonding curves. Since a trade involves way more than the sum of its visible/quantifiable parts, the NFTs are intended to capture the "process of a trade," rather than the trade itself. Anyone may purchase these NFTs with local stable currencies, such as $croissaint and $coffee you see in "Marketplace," and they are indeed ERC20 tokens. You may find mock usage stats of the currencies per NFTs to the right of the bonding curves. Hope that helps!
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