Ninjastic
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Board Tokens (Altcoins)
Re: 🔥 [ANN] MuleChain - On-demand deliveries and storage, powered by people 🔥
by
stromjohan
on 13/10/2018, 14:13:33 UTC
Quote from: commander11 on October 13, 2018, 10:07:50 AM
Quote from: stromjohan on October 12, 2018, 11:50:05 AM
Quote from: commander11 on October 12, 2018, 05:52:07 AM
Reserved!

Interesting concept of transferring items from one place to another thru mule carrier. But the existing problems exists like what is the assurance of the sender from the Mulechain system that his/her product will be delivered safe and sound to the desired location. Anyway, i'll love to know more from this start-up. Hopefully someone would shed some light as to how the entire Mulechain works.

I'm following this thread from now on.

thanks for the question!

Mules will need to own enough of the MuleChain token in order to cover the muled item if it goes missing or is irreparably damaged while in their care, including the possibility that a Mule may run away with an item themselves (a fraud risk).

Secondly, when you ask someone to mule an item for you, you could choose to insure your package the same way you do with any other traditional centralized shipping corporation — with a property and casualty insurance policy (a property casualty risk).


But what is your protocol when the value of a Mulechain token as a collateral will depreciate provided the volatility of crypto-market is as crazy as hell, how do you protect the value of a colateral token?
Quote from: commander11 on October 13, 2018, 10:07:50 AM
Quote from: stromjohan on October 12, 2018, 11:50:05 AM
Quote from: commander11 on October 12, 2018, 05:52:07 AM
Reserved!

Interesting concept of transferring items from one place to another thru mule carrier. But the existing problems exists like what is the assurance of the sender from the Mulechain system that his/her product will be delivered safe and sound to the desired location. Anyway, i'll love to know more from this start-up. Hopefully someone would shed some light as to how the entire Mulechain works.

I'm following this thread from now on.

thanks for the question!

Mules will need to own enough of the MuleChain token in order to cover the muled item if it goes missing or is irreparably damaged while in their care, including the possibility that a Mule may run away with an item themselves (a fraud risk).

Secondly, when you ask someone to mule an item for you, you could choose to insure your package the same way you do with any other traditional centralized shipping corporation — with a property and casualty insurance policy (a property casualty risk).


But what is your protocol when the value of a Mulechain token as a collateral will depreciate provided the volatility of crypto-market is as crazy as hell, how do you protect the value of a colateral token?

the altcoin volatility issue is an industry problem at the moment. there are amny stable coins that the member users can decide to switch to temparily to avoid the volatility. since volatility works in both ways, it would be an investment decision for the users. MuleChain is only a p2p decentralized platform, we would leave that decision to the users themselves to manage. as the industry develops more easier, user friendly method to switch to any stable coins to avoid voaltility, members will be able to use their wallet to do so on the MuleChain platform. MuleChain will facilitate the technical capability but the members will still have to make their own decisions on when and how to do it.