Post
Topic
Board Altcoin Discussion
Re: CryptoKingdom Uncensored
by
CrazyLoaf
on 22/08/2017, 03:30:43 UTC
I believe in ETH ERC20 you can specify the number of decimals, so if you went with 6 decimal places (so that the full unit equals 1 million), that is 4,000,000.000,000, so 4 million in full coins. Whatever is decided in terms of decimals or total coins, you need it where the "satoshi" unit equals one in-game unit of M. I think this would be easier for investors to understand and for anyone to implement technologically speaking. We don't want to have to worry about "dust."

With 6 decimals, we could probably do from 4 trillion or 1 quadrillion without issue (1,000,000,000.000,000 is 1 quadrillion or 1 billion "full" units). 100 trillion is 100 million. Really it's up to the community to decide on the amount outstanding. Could of course even have a reverse split to a smaller number of coins if wanted.

Any reason to do ERC20 instead of ERC23, as was initially mentioned?

Also, yes, while the ticker could be CKM, we don't have to identify what "M" is in terms of the coin name or branding. I think just "Crypto Kingdom" is fine as the token name. You can see in bold that we get the initials from the name of the token.

Yes, ERC23 is not accepted by most exchanges, it might be smarter to move with ERC20 as it's a standard token.


True, also the ERC23 improvements seem mainly related to smart contracts for the purposes of fund raising, which we don't need in the CKM token itself.

Is everyone game for 4 mil coins with 6 "satoshi" units and a 1:1 relationship between the "satoshi" and the in-game M as it is now? That is what this token is currently.

I am guessing, due to the editable nature of ETH/ERC20, amounts can be changed later, but if there are economic and game related reasons for a larger coin supply, now is the time to do it when it is easiest.