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GEM Factory - Trade RubyRed, EmeraldGreen and SaphireBlue for DIAMONDS
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Author Topic: GEM Factory - Trade RubyRed, EmeraldGreen and SaphireBlue for DIAMONDS  (Read 1489 times)

LocoMB

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Application Date *
Mar 20, 2014
 

Nxt Account Number
----------------------------------------
1674414626317090683

Requestor *
----------------------------------------
l8orre


Project Title *
----------------------------------------
RED, GREEN & BLUE


Brief project description
----------------------------------------

RED, GREEN & BLUE

A massive multi-participant market simulation with freely floating prices for three dedicated assets created on the Nxt Asset Exchange.

There is a strong incentive for participants to engage in trading,
because people love to trade virtual assets as in WoW, 2nd Life, Eden Online and other virtual asset exchanges.
There is a strong added incentive:
The Option to redeem successfully traded assets (REDs, GREENs and BLUEs)
paid for in testNXT against real Nxt after the project finishes.

Please take some time to read the description and actually also spend some time thinking about it.

There exists the potential to unleash furious dynamics within this simulation.

This has a tremendous marketing potential.



Detailed project description
----------------------------------------


The NXT Asset Exchange Market Simulation


Trade Colours for Fun & Profit

          ~~~~~~~~~~~~~~~~
          RED, GREEN & BLUE
          ~~~~~~~~~~~~~~~~

Make real Nxt by Trading Coloured Coins on the Nxt Asset Exchange!



There are three Coloured Coins listed on the NXT Asset Exchange:


whtRED   - 100,000 pieces
whtGREEN - 300,000 pieces
whtBLUE  - 900,000 pieces

These assets can be bought by paying testNxt.
[remark: can also be scaled to 10x, pending discussions!]

They are available as packages containing:


whtRED   - 100
whtGREEN - 300
whtBLUE  - 900

for the price of 400 testNxt

whtRED, whtGREEN and whtBLUE can be traded and exchanged freely on the NXT asset exchange.


After the trading round finishes, they can be redeemed for testNxt from the issuer in the following combinations:


1 whtRED
1 whtGREEN
1 whtBLUE   
---------
redemption value: 3 testNxt


1 whtRED
1 whtBLUE
---------
redemption value: 1 testNxt


1 whtGREEN
1 whtBLUE
---------
redemption value: 0.3 testNxt


1 whtBLUE
---------
redemption value: 0.1 testNxt





You can use testNxt to purchase packages of WHITES (containing REDs, GREENs and BLUEs).

FOR THIS SPECIAL PROMOTIONAL TRADING ROUND,

REDs  GREENs  BLUEs

THAT HAVE BEEN PURCHASED USING testNXT

----> !!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
CAN BE
REDEEMED
FOR REAL NXT
 
----> !!!!!!!!!!!!!!!!!!!!!!!!!!!!







1 whtRED
1 whtGREEN
1 whtBLUE   
---------
redemption value: 0.3 Nxt


1 whtRED
1 whtBLUE
---------
redemption value: 0.1 Nxt


1 whtGREEN
1 whtBLUE
---------
redemption value: 0.03 Nxt


1 whtBLUE
---------
redemption value: 0.01 Nxt








Procedural Details:



The initial distribution of the assets will be by done by selling fixed packages of RED/GREEN/BLUE assets
to participants against testNXT on the testnet.
It is offered to redeem the assets for REAL Nxt according to a key as specified in the detailed description.
For this purpose, a bounty is needed. Initial calculation suggests a maximum of 39,000Nxt
to be paid out to the participants, but the numerical details can be adapted in further discussions.



For practical reasons of testNXT run, the distribution will be handled in the following manner:


- to be discussed


for one single person, handling more than 100 participants will be impossible

example:

- packages are available in installments of 1000 only:
 
- 4000 testNXT buy 1000whtRED, 3000whtGREEN, 9000whtBLUE

- send 4000testNXT or multiple thereof to account: (testNET!): 9840660337823721473

- send PM with TX_id to ACCT:                                  9840660337823721473

- receive whtRED, whtGREEN, whtBLUE

- TRADE whtRED, whtGREEN, whtBLUE on the Asset Exchange

- redeem for REAL Nxt after test has ended on xx.yy.2014 12:00 GMT

- redemption: minimal Volume: 1000 pieces (practical reasons)


----------------------------------------------------

Target audience *

Massive Potential Audience

- Core Nxt'ers
- Fringe Nxt'ers
- Crypto Enthusiasts
- Traders
- Gamblers



----------------------------------------------------


Total NXT requested *
200,000



Project budget *

50,000 - 100,000 bounty for redemtption of Assets for real NXT

scaling of project - possible number of participants scales with people handling the simulation

20 * 1000 NXT for internet marketing - reddit, twitter, blogosphere - to be done by marketing experts

5 * x,000 NXT for up to five account handlers   to be negotiated

xy,000 NXT recognition fee for proposal generator (l8orre)  to be negotiated



----------------------------------------------------
Proposed Completion Date *

2014 0517 - TO COINCIDE WITH BITCOINS AMSTERDAM

   - use as Asset Exchange Tech Demo LIVE at the conference

   - either live during the conference or shortly afterwards


----------------------------------------------------

Metrics *
need help

Jef-Diesel & Damelon may be competent in these matters

I just moved this over here from nxtcrypto.org.
This is a draft, and some modifications will follow.

Also, I will provide some narrative and examples later on!
And yes, Examples will come!
« Last Edit: March 27, 2014, 03:27:58 pm by l8orre »
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jefdiesel

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Re: RED, GREEN&BLUE - Farmville on steroids on the NXT AE
« Reply #1 on: March 26, 2014, 02:34:04 pm »

Hey l80rre

 I'm still trying to wrap my head around this,

 I dont get "actually also spend some time thinking about it" as a marketing pitch..

 TELL US why it will be compelling to users.

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jefdiesel

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Re: RED, GREEN&BLUE - Farmville on steroids on the NXT AE
« Reply #2 on: March 26, 2014, 03:29:09 pm »

I think a "game" needs a set of rules, with some examples of winning "hands"

It's like playing a card game with someone who knows the rules and you don't, and you just let them keep score and tell you when you won or lost, not really getting it.

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Damelon

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Re: RED, GREEN&BLUE - Farmville on steroids on the NXT AE
« Reply #3 on: March 26, 2014, 03:35:06 pm »

I would also like to see an example :)
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Mistafreeze

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Re: RED, GREEN&BLUE - Farmville on steroids on the NXT AE
« Reply #4 on: March 26, 2014, 04:09:39 pm »

I have no idea whats going on, but I sent 100,000 Test Nxt anyway :P
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vanx

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Re: RED, GREEN&BLUE - Farmville on steroids on the NXT AE
« Reply #5 on: March 27, 2014, 02:30:05 pm »

So where to get testNXT ?

Pls send a few K to : 9362966581067150294

Thanks
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Damelon

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I have talked with l8orre and this project in it's current form has been retracted.
He will rework it and then reapply.

*locked*
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