Referral Tokens

Inspiration

I wanted to create a common good token. I didn't success in this yet, but I produced this project.

What it does

• Payment (gasless) token.
• Minting by credit card or directly by burning GLMR token (instead of burning electricity like Bitcoin).
• Referral program for exponential growth (not yet done).
• Energy efficient blockchain.

How we built it

Rust/React Web app. Chainkink oracle for GLMR price. Solidity for contracts. Stripe for credit cards.

Challenges we ran into

• How to implement mining by credit card correctly, without creating centralization.
• Debugging the Rust app.

Accomplishments that we're proud of

• Mining by credit card.

What we learned

• The token burned in exchange for mining should surely be burn, not transferred to my account, because I want decentralization.

What's next for Referral Tokens

Do design. Create a site. Connect with an online bank. Implement a referral program (requires knowledge of a particular bank API).

Built With

• chainlink
• moonbeam
• react
• rust
• solidity
• stripe