Random Token Exchange. An idea.
Hi,
I'm BM, a very nice and polite guy.
I've had an idea for a long, long time about a service where people exchange random tokens with each other. This could be done with ERC-20 tokens.
So we should design a smart contract which does this:
1. User A sends any random token to the smart contract.
2. The contract hold on to the tokens.
3. When user B sends any random tokens to the smart contract then user A will receive those tokens.
4. When user C sends any random tokens to the smart contract then user B will receive those tokens.
And so on. Every user also have to send a little bit of ETH to the contract to cover the transaction fees when they receive tokens from the contract.
So where I was stuck for a long time was how to solve the liquidity problem and profitability problem.
I. e. all these new tokens would have very low liquidity and it is not always clear where profitability would come from.
But now with uniswap 2 they will solve exactly that problem.
So users can just exchange tokens merrily and then send all their new tokens to the liquidity pools. They never know which tokens will become profitable, it's a numbers game. But statistically some tokens will have trades and profits will be made.
Actually this is a huge, huge idea. I predict a) that a system like this will eventually create billions of dollars of value (equivalent, dollar is hopefully gone soon) and b) this is how the world's first real non-tax funded UBI will be created.
This is the most important and fundamental idea in crypto space right now and in the world of finance.
Who's with me? Who wants to start coding, networking and building this?
BM