Ethereum Live Demo
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The document discusses the emergence of Ethereum in 2015 and the development of the tokenized economy through smart contracts and initial coin offerings. It explains the functionalities and challenges of various ERC standards, introduces the Monico ecosystem for decentralized trading, and outlines token design strategies, including liquidity management and stable coin principles. Additionally, it highlights the benefits of transparency and efficiency in transactions facilitated by blockchain technology.
Ethereum Live Demo
- 1. Philippine Association for Digital Commerce and Decentralized Industries
- 2. Going live in 2015, Ethereum started the tokenized economy with dApps powered by smart contracts and a new way to fund the economy using Initial Coin Oο¬erings.
- 7. ! ! ! ! ! ! Blockchain " ! ! ! ! ! ! Blockchain " #T #T #T Sending Now Thanks! Sending in 30 Days OK, Iβll Wait β¦ A contract that can automatically be executed. Works similar to a physical legal contract that is signed. What is a Smart Contract? BEFORE AFTER
- 8. getSupply() getBalance() transferFunds() receiveFunds() And then Everyone Made Their own Contracts
- 9. getSupply() getBalance() transferFunds() receiveFunds() sendFunds() getFunds() balanceAmount() supplyAmount() But it was hard to map if tokens were compatible with each other
- 10. totalSupply() balanceOf() transfer() transferFrom() approve() allowance() Enter the ERC-20 Standard Smart Contract string name string symbol uint8 decimals Properties Methods
- 11. transfer() logic error. transfer() approve() + transfer() BUT.
- 12. totalSupply() balanceOf() transfer() transferFrom() approve() allowance() tokenFallback() Enter the ERC-223 Smart Contract string name string symbol uint8 decimals Properties Methods
- 14. Security Token Fix for 223 Token Standard Third Party Spending Non-Fungible Fix for 20 Increase and Decrease Supply 1404 777 20 827 721 223 621 Why So Many ERCs ?
- 15. What is Double Spend?
- 16. Insert 0 Cost
- 18. And TADA!
- 19. Other Issues 15 Transactions / Second Gas Prices up to 2 USD
- 20. PLASMA
- 22. MOBILE AS A COLD WALLET Wallets are stored on your phone, not our servers Wallets are safe if we get hacked or go down All transactions are safe on the blockchain SECURITY
- 23. ! 2.41 WEDMON FRI β β 1 CNTM 1 CNTM DECENTRALIZED EXCHANGE (DEX) VALUE PRoposition COMMuNITY DRIVEN The Monico Ecosystem includes traders, investors, auditors and project owners working together. CROWDSALE FEATURES KYC, 2FA, discount, Referral, and Round Management and Private Round Features and APIs as well. DECENTRALIZED TRADING Wallet information are never stored on servers and transact with multisig and smart contracts. COMplETE KYC Company information and business documents. Founders KYC, token design and smart contracts vetting. Trading Features Stabilizing tokens with open and close times, margin trading and daily minimum and maximum caps. INTEROPERABILITY Not just ERC20. Monico also supports Stellar, NEM based tokens with more to come.
- 24. To Stablize Tokens Daily Rules +10 -10 08:00 18:00
- 25. Token Design
- 26. Token DESIGN NOTES Develop a reserve strategy This is to help maintain liquidity for your project Provide a lot of use cases Used to stabilize the token EVERYONE Should win Including your company and investors inTANGIBLE utility USE Goods, Services, etc. unless you are a stable coin DONT ICO STABLE Coins Itβs like giving away free money Intagible Utility toKENs Preserve potential value. Unless your a stable coin.
- 27. Consumer Merchant 1. Load their wallet with their CC 3. Withdraw funds at any ATM !T !T !T !T !T !T !T !T !T !T !T !T !T !T !T !T !T Revolving Supply Revolving SupplyReserve Supply 0.2% Fee Reserve Supply 0.2% Fee 2. Buys Something Service ID Service Name Cost " " " " " " " " " " " " Stable Coin Design
- 28. Warehouse Shipping Plane Customs Last Mile Receiver Sender ! ! ! ! ! ! Blockchain "T "T #"T # "T "T "T "T "T "T 1. Sets a Contract 3. Sends Shipment 4. Custom Shipment Flow 5. Token is sent 2. Sets a Contract for each supplier 6. Token is sent Transparency - Identiο¬es Corrupt Behavior Immediate Payouts - No hand exchanges - Removes clearance times - No bonds needed - Removes COD Redundant Logistics stable coin (Sample)
- 30. INVESTOR COMPANY SECURITIZED ZERO VALUE RESERVES FOR FUNDING A. BACKED BY SECURITIZED 1. BUYS STO 2. CREATES A FUND 3. PURCHASES SHARES 5. CAPITAL GAINS EVENT 4. TOKEN OFFER NOTES DIVIDENDS ACQUISITION IPO SECURITY TOKEN DESIGN (Sample)