In time I would like to experiment with an 'M' based crypto investment fund, and possibly an 'M' multipool so people can literally mine 'M'.
We have a fee free market place with assets & dividend functionality, we have in-game communication, we can restore deposit and crypto exchange capabilities soon, and we have secure exit points from our ecosystem, which can prevent 99% of scammers. The reason the NXT asset exchange failed was not because it didn't work, but more due to the number of scams, BUT, it did show the potential from having a market to trade assets, and people used it to start many collaborative funds for trading crypto coins & forex, & PoW mining. There is nothing stopping any of us from using Agora to start similar projects, and what we lose in 'decentralisation' we make up for with scam free controlled exits.
Good thinking @KH, I remember the NXT ponzi scam asset craze too, one post noobie users could start an asset for 1k NXT fee and be selling ponzi shares within a few hours, then exit via an exchange dump whenever they felt they'd made enough. The community tried starting an auditing service, but it failed in the end. More than half NXT assets were scams, but many quality ones too, and some are still going today.
https://nxtforum.org/assets-board/(ann)-nxtinspect-the-first-cryptoaudit-service/With CK it would be easy to restrict asset creation to higher user levels (nobles only), and could even use a bond system, so auditing of asset creators is baked into CK already. Good way to get people using M!
Announcement:: Phoenix Trust Auction
100 @ 2.2mil M / Kevorkian::979
I add another bid:
100 @ 5mil M / Kevorkian::979