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).
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