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Re: I'm building the ultimate use case for blockchain and I need your critique
Start here: https://plasmid.network
You are breaking three rules here and the right ethics in introducing a project. First, we have a section for altcoin announcements. Second, you do not start a discussion with only a link, and third, you do not make two succesive posts with the introduction of the project in the second post.
You already have 24 posts and you are also a developer; you should know the right format in introducing a project.
Looks like I cannot delete this thread. Should I DM the moderator to get it moved over?
Re: I want to introduce an SEC compliant crypto currency (possible?)
Hey fellas,
I am back. Lots of thinking and pondering, and I'm getting ready to move forward with the concept. I started a thread this morning in altcoins this morning to kick things off: https://bitcointalk.org/index.php?topic=5522170.0
I am back. Lots of thinking and pondering, and I'm getting ready to move forward with the concept. I started a thread this morning in altcoins this morning to kick things off: https://bitcointalk.org/index.php?topic=5522170.0
Re: Children's Edtech Startup Looking for a Few Good Men (or Women) to Join Our Team
Hey fellas,
I am back. Lots of thinking and pondering, and I'm getting ready to move forward with the concept. I started a thread this morning in altcoins this morning to kick things off: https://bitcointalk.org/index.php?topic=5522170.0
I am back. Lots of thinking and pondering, and I'm getting ready to move forward with the concept. I started a thread this morning in altcoins this morning to kick things off: https://bitcointalk.org/index.php?topic=5522170.0
Altcoins popping up like in a game "whack a mole". Some did 50%, some did 5x. Is there any methods that could be used to predict which altcoin will be next? (I guess there must be some indicators, narrative and etc.) or it is purely random game?
I got one currently under development: https://bitcointalk.org/index.php?topic=5522170.0
Re: I'm building the ultimate use case for blockchain and I need your critique
Platform #1: Dopalearn® by Little Brain Boosters®
Dopalearn® the world's first nano-learning platform offers a new method of learning for children by blending learning with entertainment. It’s a video platform that uses lessons and challenges in place of advertisements to teach foundational concepts. The training is done by periodically interrupting the video with nano-lessons in the form of popups. A built-in library allows the parent to find and assign lessons before handing the device over to the child. Lessons range from ABCs, numbers, vocabulary building, first words & sight words, to more advanced topics such as reading, writing, spelling, and math. To put it simply, we are combining an LMS (learning management system) with a video platform to deliver both passive and interactive learning experiences.
A 3 year old child learning the english alphabet with Dopalearn®
https://youtube.com/shorts/pKa4rbOnMPk
A 15 year old with level 3 autism learning english and math with Dopalearn®
https://youtu.be/gBZUCWVDbAY
Dopalearn® explained under a minute
https://www.youtube.com/watch?v=-zaMJAFDwyI
Got kids? Meet Dopalearn®
https://www.youtube.com/watch?v=7F6yH6R_H_U
Dopalearn® for speech delay
https://youtube.com/shorts/WGY0082PQZo
The Science Behind Dopalearn®
Dopalearn® leverages the power of dopamine, the neurotransmitter behind motivation that also plays a crucial role in learning, particularly in reinforcing behaviors and facilitating the adaptation to new experiences. It is a neurotransmitter that acts as a chemical messenger in the brain, and its involvement in learning can be understood through several key mechanisms:
Reward Prediction and Reinforcement Learning:
Dopamine is heavily involved in the brain's reward system. When an individual experiences something rewarding, dopamine is released, which reinforces the behavior that led to the reward. This process is essential for reinforcement learning, where behaviors that are followed by positive outcomes are more likely to be repeated.
The concept of "reward prediction error" is central here. This refers to the difference between the expected reward and the actual reward received. When there is a positive prediction error (the reward is better than expected), dopamine levels increase, reinforcing the behavior. Conversely, when the reward is less than expected, dopamine levels decrease, which can lead to the modification or cessation of the behavior.
Motivation and Goal-Directed Behavior:
Dopamine is critical for motivation, particularly in goal-directed behavior. It helps in prioritizing and driving actions that are likely to lead to rewarding outcomes. This motivational aspect of dopamine is closely linked to its role in learning, as individuals are more likely to learn and engage in behaviors that are motivated by potential rewards.
Cognitive Flexibility and Adaptation:
Dopamine also contributes to cognitive flexibility, which is the ability to adjust behaviors and thoughts in response to changing environments. This adaptability is essential for learning, as it allows individuals to modify their approach when they encounter new or unexpected situations.
In tasks that require learning new rules or adapting to changing circumstances, fluctuations in dopamine levels help the brain update its strategies and improve performance.
Attention and Focus:
Dopamine influences attention and focus, which are crucial for effective learning. Higher dopamine levels can enhance the ability to concentrate on tasks, making it easier to absorb and retain new information. This is particularly relevant in learning environments where sustained attention is required.
Memory Consolidation:
There is evidence that dopamine also plays a role in the consolidation of memories, particularly those related to rewarding experiences. By strengthening the neural connections associated with these memories, dopamine helps ensure that important information is retained and can be accessed in the future.
In summary, dopamine is integral to learning processes by reinforcing behaviors through reward prediction, motivating goal-directed actions, enabling cognitive flexibility, enhancing attention, and aiding in memory consolidation. Its dynamic role in the brain's reward system makes it a key player behind the unique learning process in Dopalearn®.
Dopalearn® Free vs Pro
Dopalearn® Free
Passive learning
Unlimited user profiles
Full access to library (1000+ nanolessons)
Dopalearn® Pro ($2.99 per month)
Including the above
Interactive learning
Progress tracking and scoring
Restart/Resume functionality (iOS version only, coming soon to Android)
Dopalearn® the world's first nano-learning platform offers a new method of learning for children by blending learning with entertainment. It’s a video platform that uses lessons and challenges in place of advertisements to teach foundational concepts. The training is done by periodically interrupting the video with nano-lessons in the form of popups. A built-in library allows the parent to find and assign lessons before handing the device over to the child. Lessons range from ABCs, numbers, vocabulary building, first words & sight words, to more advanced topics such as reading, writing, spelling, and math. To put it simply, we are combining an LMS (learning management system) with a video platform to deliver both passive and interactive learning experiences.
A 3 year old child learning the english alphabet with Dopalearn®
https://youtube.com/shorts/pKa4rbOnMPk
A 15 year old with level 3 autism learning english and math with Dopalearn®
https://youtu.be/gBZUCWVDbAY
Dopalearn® explained under a minute
https://www.youtube.com/watch?v=-zaMJAFDwyI
Got kids? Meet Dopalearn®
https://www.youtube.com/watch?v=7F6yH6R_H_U
Dopalearn® for speech delay
https://youtube.com/shorts/WGY0082PQZo
The Science Behind Dopalearn®
Dopalearn® leverages the power of dopamine, the neurotransmitter behind motivation that also plays a crucial role in learning, particularly in reinforcing behaviors and facilitating the adaptation to new experiences. It is a neurotransmitter that acts as a chemical messenger in the brain, and its involvement in learning can be understood through several key mechanisms:
Reward Prediction and Reinforcement Learning:
Dopamine is heavily involved in the brain's reward system. When an individual experiences something rewarding, dopamine is released, which reinforces the behavior that led to the reward. This process is essential for reinforcement learning, where behaviors that are followed by positive outcomes are more likely to be repeated.
The concept of "reward prediction error" is central here. This refers to the difference between the expected reward and the actual reward received. When there is a positive prediction error (the reward is better than expected), dopamine levels increase, reinforcing the behavior. Conversely, when the reward is less than expected, dopamine levels decrease, which can lead to the modification or cessation of the behavior.
Motivation and Goal-Directed Behavior:
Dopamine is critical for motivation, particularly in goal-directed behavior. It helps in prioritizing and driving actions that are likely to lead to rewarding outcomes. This motivational aspect of dopamine is closely linked to its role in learning, as individuals are more likely to learn and engage in behaviors that are motivated by potential rewards.
Cognitive Flexibility and Adaptation:
Dopamine also contributes to cognitive flexibility, which is the ability to adjust behaviors and thoughts in response to changing environments. This adaptability is essential for learning, as it allows individuals to modify their approach when they encounter new or unexpected situations.
In tasks that require learning new rules or adapting to changing circumstances, fluctuations in dopamine levels help the brain update its strategies and improve performance.
Attention and Focus:
Dopamine influences attention and focus, which are crucial for effective learning. Higher dopamine levels can enhance the ability to concentrate on tasks, making it easier to absorb and retain new information. This is particularly relevant in learning environments where sustained attention is required.
Memory Consolidation:
There is evidence that dopamine also plays a role in the consolidation of memories, particularly those related to rewarding experiences. By strengthening the neural connections associated with these memories, dopamine helps ensure that important information is retained and can be accessed in the future.
In summary, dopamine is integral to learning processes by reinforcing behaviors through reward prediction, motivating goal-directed actions, enabling cognitive flexibility, enhancing attention, and aiding in memory consolidation. Its dynamic role in the brain's reward system makes it a key player behind the unique learning process in Dopalearn®.
Dopalearn® Free vs Pro
Dopalearn® Free
Passive learning
Unlimited user profiles
Full access to library (1000+ nanolessons)
Dopalearn® Pro ($2.99 per month)
Including the above
Interactive learning
Progress tracking and scoring
Restart/Resume functionality (iOS version only, coming soon to Android)
I'm building the ultimate use case for blockchain and I need your critique
Start here: https://plasmid.network
I am working on the ultimate use case for blockchain and I need your critique
Start here: https://plasmid.network
Re: Children's Edtech Startup Looking for a Few Good Men (or Women) to Join Our Team
Hey Adam!
I'll write you again (and PM you here so you know to look). Time does fly and personal situations change, but I might still be interested (and have a bit of time here and there for it). It is a great idea however you look at it, and with Bitcoin once more on the rise, doors to opportunities that were welded shut might be slightly ajar.
Hope you found some decent devs though, if you're ready for blockchain implementation
I'll write you again (and PM you here so you know to look). Time does fly and personal situations change, but I might still be interested (and have a bit of time here and there for it). It is a great idea however you look at it, and with Bitcoin once more on the rise, doors to opportunities that were welded shut might be slightly ajar.
Hope you found some decent devs though, if you're ready for blockchain implementation
Nice buywaytress!
Glad to hear that, and a big congrats!!
So from the development perspective, it's pretty straight forward and that's something we'll be handling (including myself). I've already started putting together the white paper and the website, both almost ready. The branding is 100% ready, logos, domain names (about 15 of them) registered and locked down, a few dating back 4 years. I will follow that up with a post that outlines the business plan/tokenomics, and share it on this forum; but before I do that, I'd like to have a quick chat with you. I have a few non-technical questions that I'd like to pass by you before I share more details publicly. Not sure if you saw my DM, but I didn't get one from you either.
Regards,
Adam
www.speechdelayed.com
Re: Children's Edtech Startup Looking for a Few Good Men (or Women) to Join Our Team
I'll reach out properly -- it's late and I have trouble homing in on my points during normal hours, much less when I'm fighting sleep.
Any update on this? Dopalearn is a winner name with a great start!
Thanks for the reminder, I'd forgotten all about this. I sent an email via their website not long after my post. Just looked in my spam and didn't see any response. Might try to reach out a bit more obviously... although my personal situation re time has changed somewhat.
Would be interesting in any case to see where they've gotten in the months since OP's post. Need to get off my ass and do something different.
Hey @buywaytress, forgive me, I never received your email (nor in my spam folder, something I check daily). Many thanks for your interest!
It's been a year now since this post (time is flying!) and I've spent quite a bit of time working on the project to get it to where it is today, and I'm officially ready to move forward with the blockchain implementation (I've put a ton of thought into it). I have an idea and I want to roll it out in full public view, with the whole community watching and contributing; and invite a select few of you who are willing to lend an extra hand to join us (and get handsomely rewarded). I'm more than confident we got a billion dollar concept in the making, and Dopalearn is only the beginning (I have a few more startup ideas I'm working on).
If you're still interested, lets connect.
I'll send you a DM now, check your messages when you get chance!
Regards,
Adam Alshishani
https://x.com/adamthechechen
Re: I want to introduce an SEC compliant crypto currency (possible?)
"Our license agreement with these schools will require them to list our token as a optional form of payment for the training (along side the other forms such as VISA)."
You say that you personally worked on a children’s educational project for 8 years, and now you suddenly decided that you can outwit all the crypto regulators, because you came up with a brilliant idea.
Well, OK. Bring your idea to life. Time will tell us who was right.
https://youtu.be/359pDMpTMIw
Stay tuned, comrade.
Re: I want to introduce an SEC compliant crypto currency (possible?)
SEC regulation has just begun, and therefore if your business operates in the United States, you will have to go through a lot of consultations with lawyers. But this will not provide guarantees, because most of the conflicts have not yet been eliminated and the SEC interprets some things in its own way, although the courts think otherwise.
I don’t know why your project needs cryptocurrency?
If you are not ready to spend money on lawyers, then you can use any available services and NFTs.
I don’t know why your project needs cryptocurrency?
If you are not ready to spend money on lawyers, then you can use any available services and NFTs.
Good to know zasad@, thanks for chiming in.
As to why project needs cryptocurrency, it ultimately boils down simplifying content distribution & subsequent tracking, and eventually rewarding, but in a decentralized manner.
There are 2 main public contribution channels in the platform, one is education the other is entertainment. Dopalearn is essentially combining the two to deliver the experience AKA "edutainment".
Here is an example:
Lets say you're a music school and you authored a lesson package to teach children how to play the piano. We want the author to be able to mint a few thousand copies of the lesson package (based on the licensing agreement with us) and list it for sale on their website. Anyone (including our customers) should be able to purchase the training from them directly (i.e. their website), and use/launch it with Dopalearn. The only association we have with this school is the licensing agreement which includes the mechanism that makes their content compatible with Dopalearn and some other stuff. Now what role will our token play in all of this? Our license agreement with these schools will require them to list our token as a optional form of payment for the training (along side the other forms such as VISA). This is done for two reasons, 1. those who have earned the coin from the other contribution channels can use our token to purchase the training 2. we stay in compliance because these schools will have to use our exchange to convert their coins into fiat.
In a nutshell, anyone that earns the token and wants to convert it to fiat at our exchange will be required to provide their details so we can issue them tax forms (1099/T4A, etc) at the end of the year.
If you have the option of paying through VISA, then add the option of paying with cryptocurrencies through a partner.
Your example is not entirely successful, because those who are looking for or taking piano lessons are completely far from the topic of cryptocurrencies and they do not need your tokens.
You are overcomplicating the project with unnecessary services.
"Our license agreement with these schools will require them to list our token as a optional form of payment for the training (along side the other forms such as VISA)."
Re: I want to introduce an SEC compliant crypto currency (possible?)
The idea is a network of decentralized "virtual schools" (book publishers, teachers/educators, instructional designers, institutions, motion graphic artists, anyone) authoring and publishing Dopalearn compliant training (aka "Pop-up Training") and monetizing it. Each school licensed and provided with "keys" (housed in the NFTs) that allows their customers to use/open them (the training) in Dopalearn. So technically, the NFT will be housing the course metadata (source of the JSONs/mp3s) and the license/key that makes it Dopalearn compliant.
Does that mean all party (customer, school, etc.) depends on Dopalearn server (which is centralized) to access the content? If yes, i would call your idea is centralized or semi-centralized "virtual school".
So if the content is authored, hosted, and monetized on their side (i.e. their website) and minted as NFTs which can be loaded by the parent in Dopalearn after purchase, then it's decentralized, right? The only thing Dopalearn will doing is initially loading (locally caching on the child's device) the training elements (JSONs and MP3s) per the metadata in the NFT (course).
We use Lottie for the animations so its all ultra light weight (for example, the English alphabet course below is 1.3 mbs, that includes 26 animations and 26 mp3s): https://www.youtube.com/watch?v=gYF7ZymNCN0
Personally, i would say it's less centralized than storing everything on Dopalearn. And if you store the content on blockchain, i expect it could be costly even with compression (or other method to reduce content size).
So we won't be storing anything on Dopalearn side, aside from caching the learning elements on the child's device (the JSONs and mp3s), sourced from the NFT. The publisher will host everything on their servers. The only thing Dopalearn is doing is simply "decrypting" the NFT metadata to source the license and the content metadata.
I'm working on the world's first nano-learning platform for children (Dopalearn)
Howdy, fellas.
I'm looking for a few parents with children between 1.5-5 to test out a new homeschooling/learning app I been working for quite sometime. It's called Dopalearn and it's a hybrid between an LMS (Learning Management System) and a video platform; think YouTube Shorts or TikTok, but instead of ads, we show "nano-lessons" lasting between 3-15 seconds. It was designed for children with learning disabilities (i.e. autism, ADHD, speech delay, etc).
1 minute explainer video: https://youtube.com/shorts/1gcMx_IDOZY
A promo: https://youtube.com/shorts/WGY0082PQZo
It's available on Android and iOS:
Playstore: https://play.google.com/store/apps/details?id=com.littlebrainboosters.dopalearn
Appstore: https://apps.apple.com/us/app/dopalearn/id1542507323
The app is free (no ads), we also have a pro version for $2.99 a month (I can provide you with free access, just DM me).
I'm the founder, Adam.
www.dopalearn.com
I'm looking for a few parents with children between 1.5-5 to test out a new homeschooling/learning app I been working for quite sometime. It's called Dopalearn and it's a hybrid between an LMS (Learning Management System) and a video platform; think YouTube Shorts or TikTok, but instead of ads, we show "nano-lessons" lasting between 3-15 seconds. It was designed for children with learning disabilities (i.e. autism, ADHD, speech delay, etc).
1 minute explainer video: https://youtube.com/shorts/1gcMx_IDOZY
A promo: https://youtube.com/shorts/WGY0082PQZo
It's available on Android and iOS:
Playstore: https://play.google.com/store/apps/details?id=com.littlebrainboosters.dopalearn
Appstore: https://apps.apple.com/us/app/dopalearn/id1542507323
The app is free (no ads), we also have a pro version for $2.99 a month (I can provide you with free access, just DM me).
I'm the founder, Adam.
www.dopalearn.com
Re: Children's Edtech Startup Looking for a Few Good Men (or Women) to Join Our Team
This is a good project, but I would like to raise a few questions prudently:
Howdy, qzl. Great questions.
First, what is the origin of the concept of "nano learning platform"? Did you create it yourself? What does it mean? Where is the advancement?
Yes. It's based on the same concept as video advertising which has been around since 1941: https://www.youtube.com/watch?v=lsjc2uDi1OI. I'm just the first person to ask the question "What would happen if we replaced ads with education?". You have likely heard of microlearning, this is the next (and final) stage of learning, imho.
Second, there are 5 language options on your website, but your language teaching courses are based on English teaching, right? So what is the user market you are targeting? According to my understanding, there are many projects on children’s English teaching on the Internet. What are your advantages?
Currently, we have English with Arabic in "Preview" category (the 2nd language coming) with another 13 languages in development and plans to introduce every world language at some point. We decided to translate the website into those 5 languages only because we have members on the team that spoke those languages. But aside from English and Arabic, you won't find the other languages. In terms of advantages, learning is guaranteed with Dopalearn (it boils down to repetition).
Third, it seems that you are trying to graft blockchain onto your project, which will create an incentive system. Have you considered whether you will encounter legal risks in this process?
Here is another thread I started that dives deep into those plans: https://bitcointalk.org/index.php?topic=5495373.msg64035306#msg64035306
Apart from these problems, I still think this is a good project. If you use the language of today's encryption world, what you are trying to try should be "learn to earn". Parents download the program, guide their children's learning, and obtain incentive tokens, forming a positive cycle of material and spiritual win-win. In fact, too many projects in the current encryption world are castles in the air, and it is difficult to produce positive effects based on the real world. 100%
I am from China, a country with a huge demand for children to learn English. I have two children. They are using an English teaching platform called "Jili Guala". The average class period is about 10 minutes. I am very happy. Share with you the specific details of a project like this. Very interesting! Sounds like microlearning, let me Google it.
At the same time, my wife is a university teacher, specializing in child care and maternal and infant care. She has profound attainments in related majors. So I have a strong desire to participate in your project, and I will contact you on TG. Awesome. Are you a developer? What is your background?
I wish you success. Thanks, brotha.
Howdy, qzl. Great questions.
First, what is the origin of the concept of "nano learning platform"? Did you create it yourself? What does it mean? Where is the advancement?
Yes. It's based on the same concept as video advertising which has been around since 1941: https://www.youtube.com/watch?v=lsjc2uDi1OI. I'm just the first person to ask the question "What would happen if we replaced ads with education?". You have likely heard of microlearning, this is the next (and final) stage of learning, imho.
Second, there are 5 language options on your website, but your language teaching courses are based on English teaching, right? So what is the user market you are targeting? According to my understanding, there are many projects on children’s English teaching on the Internet. What are your advantages?
Currently, we have English with Arabic in "Preview" category (the 2nd language coming) with another 13 languages in development and plans to introduce every world language at some point. We decided to translate the website into those 5 languages only because we have members on the team that spoke those languages. But aside from English and Arabic, you won't find the other languages. In terms of advantages, learning is guaranteed with Dopalearn (it boils down to repetition).
Third, it seems that you are trying to graft blockchain onto your project, which will create an incentive system. Have you considered whether you will encounter legal risks in this process?
Here is another thread I started that dives deep into those plans: https://bitcointalk.org/index.php?topic=5495373.msg64035306#msg64035306
Apart from these problems, I still think this is a good project. If you use the language of today's encryption world, what you are trying to try should be "learn to earn". Parents download the program, guide their children's learning, and obtain incentive tokens, forming a positive cycle of material and spiritual win-win. In fact, too many projects in the current encryption world are castles in the air, and it is difficult to produce positive effects based on the real world. 100%
I am from China, a country with a huge demand for children to learn English. I have two children. They are using an English teaching platform called "Jili Guala". The average class period is about 10 minutes. I am very happy. Share with you the specific details of a project like this. Very interesting! Sounds like microlearning, let me Google it.
At the same time, my wife is a university teacher, specializing in child care and maternal and infant care. She has profound attainments in related majors. So I have a strong desire to participate in your project, and I will contact you on TG. Awesome. Are you a developer? What is your background?
I wish you success. Thanks, brotha.
Re: I want to introduce an SEC compliant crypto currency (possible?)
SEC regulation has just begun, and therefore if your business operates in the United States, you will have to go through a lot of consultations with lawyers. But this will not provide guarantees, because most of the conflicts have not yet been eliminated and the SEC interprets some things in its own way, although the courts think otherwise.
I don’t know why your project needs cryptocurrency?
If you are not ready to spend money on lawyers, then you can use any available services and NFTs.
I don’t know why your project needs cryptocurrency?
If you are not ready to spend money on lawyers, then you can use any available services and NFTs.
Good to know zasad@, thanks for chiming in.
As to why project needs cryptocurrency, it ultimately boils down simplifying content distribution & subsequent tracking, and eventually rewarding, but in a decentralized manner.
There are 2 main public contribution channels in the platform, one is education the other is entertainment. Dopalearn is essentially combining the two to deliver the experience AKA "edutainment".
Here is an example:
Lets say you're a music school and you authored a lesson package to teach children how to play the piano. We want the author to be able to mint a few thousand copies of the lesson package (based on the licensing agreement with us) and list it for sale on their website. Anyone (including our customers) should be able to purchase the training from them directly on their website, and use it with Dopalearn. The only association we have with this school is the licensing agreement which includes the mechanism that makes their content compatible with Dopalearn and some licensing stuff. Now what role will our token play in all of this? Our license agreement with these schools will require them to list our token as a optional form of payment for the training (along side the other forms such as VISA). This is done for two reasons, 1. those who have earned the coin from the other contribution channels can use our token to purchase the training 2. we stay in compliance because these schools will have to use our exchange to convert their coins into fiat.
In a nutshell, anyone that earns the token and wants to convert it to fiat at our exchange will be required to provide their details so we can issue them tax forms (1099/T4A, etc) at the end of the year.
Re: I want to introduce an SEC compliant crypto currency (possible?)
If a creator decides to hold on to their tokens and wait until June to sell em at $0.01, would that still qualify as a utility?
That's already the kind of detail I cannot provide not being a lawyer 
From my own interpretation of the Howey test however, I would interpret that such a token is still a security, unfortunately. Because if the token can grow in value, then: what exactly does this growth depend on?
If it's the issuer company's efforts, then it's very likely a security. And in your example you wrote that the company's income is the variable from which ultimately the token value depends. The token may qualify for some kind of exception because of its limited scope, but if it's a cryptocurrency (in contrast to being e.g. a totally centralized server-based "currency" like flight miles) it's normally tradeable via smart contracts, so people can speculate with its price.
Regarding moving the topic: Yes, you'll have to write a PM to a moderator, preferrably to @achow101 or @gmaxwell, which are the moderators here (link to their profiles is on the top of the forum overview).
Thank, D. This is very helpful!
And you are correct, the value of the token will increase based on 2 main factors: 1. income & 2. the reduction of tokens in circulation. It'll boil down to patience, those that wait are guaranteed bigger returns, month after month.
Let me get this moved to Legal and go from there.
Thanks again for your input, stay tuned in!
Re: I want to introduce an SEC compliant crypto currency (possible?)
The idea is a network of decentralized "virtual schools" (book publishers, teachers/educators, instructional designers, institutions, motion graphic artists, anyone) authoring and publishing Dopalearn compliant training (aka "Pop-up Training") and monetizing it. Each school licensed and provided with "keys" (housed in the NFTs) that allows their customers to use/open them (the training) in Dopalearn. So technically, the NFT will be housing the course metadata (source of the JSONs/mp3s) and the license/key that makes it Dopalearn compliant.
Does that mean all party (customer, school, etc.) depends on Dopalearn server (which is centralized) to access the content? If yes, i would call your idea is centralized or semi-centralized "virtual school".
Hey ABCbits,
So if the content is authored, hosted, and monetized on their side (i.e. their website) and minted as NFTs which can be loaded by the parent in Dopalearn after purchase, then it's decentralized, right? The only thing Dopalearn will doing is initially loading (caching locally on their devices) the training elements (JSONs and MP3s) per the metadata in the NFT.
Re: I want to introduce an SEC compliant crypto currency (possible?)
If your token has the character of a security, it will not cease to do so if you use your own exchange to allow people to convert it to fiat.
The crucial part is if "investors" are profiting from the cryptocurrency (e.g. through premined tokens/units distributed in an ICO, or even by founders' rewards), and if the value of this currency depends on your own efforts.
One way to make a SEC compliant cryptocurrency is distributing the units in a totally decentralized way, e.g. via Proof-of-work, but all tokens have to be distributed that way, even 1% premine can make it a security. Another way is to use it as an utility token which cannot grow in value, i.e. offering your own services for this crypto, but at a fixed rate, so it passes the Howey test because people can't use it to "invest" and profit from it. From your description your plan looks like a kind of utility token, but the fixed rate is the important part. Think of it like flight miles, then it should be ok.
I am not a lawyer, but these topics were extensively discussed in this forum. However, I think you're in the wrong subforum as the thread is not so much about technical aspects, better move it to "Legal" or "Altcoin discussion".
The crucial part is if "investors" are profiting from the cryptocurrency (e.g. through premined tokens/units distributed in an ICO, or even by founders' rewards), and if the value of this currency depends on your own efforts.
One way to make a SEC compliant cryptocurrency is distributing the units in a totally decentralized way, e.g. via Proof-of-work, but all tokens have to be distributed that way, even 1% premine can make it a security. Another way is to use it as an utility token which cannot grow in value, i.e. offering your own services for this crypto, but at a fixed rate, so it passes the Howey test because people can't use it to "invest" and profit from it. From your description your plan looks like a kind of utility token, but the fixed rate is the important part. Think of it like flight miles, then it should be ok.
I am not a lawyer, but these topics were extensively discussed in this forum. However, I think you're in the wrong subforum as the thread is not so much about technical aspects, better move it to "Legal" or "Altcoin discussion".
Thanks for chiming in, D!
I started here to get the technical aspect of the concept realized first, with input from the community (my blockchain knowledge is limited), I just wasn't sure I'm on the right path. I think my topic title was also slightly misleading to the true intent of this post (although that's the ultimate goal). But I think your input above has given me just enough to get me to the next stage. To move this thread to Legal, I just DM the moderator, yes?
Btw, here is what I have in mind:
Lets assume we go the utility token route and I mint a billion tokens. I then turn around and reserve those tokens for rewards to our creators, say a fixed amount of 1000 tokens per video submitted + 1 token per view. At the end of each month, I take 15% of the revenue generated by the company and distribute it across those billion tokens to calculate a fixed token price for the month. We then list that price on our exchange as the "going rate" rate for that month, buying them back from the creators and ultimately, burning them. We continue this process every month until every one of those billion tokens has gone through the cycle (earned, exchanged, burnt). I still need to think through when the next round of minting will take place, but the goal is to limit the number of content creators and content being generated (for quality purposes).
Example:
Lets say we net income was $10 million in March and we take $1.5 million and distribute it across the 1 billion tokens:
= $1,500,000 / 1,000,000,000 tokens
= $0.0015 per token
So, the fixed price on our exchange for March would be $0.0015 per token.
If a creator decides to hold on to their tokens and decides to sell em at $0.01 in June instead, would that still qualify as a utility?
Thanks again for your time, I owe you a few tokens
Adam
I want to introduce an SEC compliant crypto currency (possible?)
Hey fellas,
Start here first: https://youtube.com/shorts/1gcMx_IDOZY
then here: https://youtube.com/shorts/WGY0082PQZo
I'm the founder of Little Brain Boosters®, a bootstrapped children's Edtech startup based out of Amsterdam. Our platform is called Dopalearn® - the world's first nano-learning platform for children. It's a free app available on iOS and Android (there is also a pro version for $2.99 a month). It's hybrid between an LMS (Learning Management System) and a video platform; think YouTube Shorts or TikTok, but instead of ads, we show "nano-lessons" lasting between 3-15 seconds. It was designed for children with learning disabilities (i.e. autism, ADHD, speech delay, etc). We been working on this project for about 5 years (8 years personally), unveiled recently.
Download here:
Playstore (Android): https://play.google.com/store/apps/details?id=com.littlebrainboosters.dopalearn
Appstore (iOS): https://apps.apple.com/us/app/dopalearn/id1542507323
We are now gearing up to unveil a content creator program (the "Jr. Creators Hub") that will serve as a portal for creators to upload, manage, and ultimately monetize their "premium" video content to our subscribers. Since we don't do any third party advertising in the app (never will), we will be introducing a "Learn to Earn" (LTE) model that lets the child earn points (by completing challenges in "Practice Mode") which can then be used to unlock the premium videos. We are dedicating 15% of the subscription revenue for content creators. The catch? We want introduce a crypto currency as the form of payment while being SEC compliant.
Here is a rough overview of what I have in mind (I may be way off, so do chime in with your thoughts):
1. The Content Creator signs in to the Creators Hub with their crypto wallet to upload and manage videos.
2. The videos are then reviewed, processed and minted as NFTs to include author details (among other things), but most importantly author identity for compliance and taxation purposes).
3. The videos are then fed into our video feed (we call it the "Reel") and made accessible to our audience, but ONLY via the LTE model after earning points.
4. As the learner's earn points, they are able to unlock this premium only section where the videos reside and view whatever they please, which ultimately tracks the views so we can reward the creators.
5. Here is the catch, we want to reward the creators with a crypto currency which can eventually be used at our own exchange to convert to fiat (the SEC compliant part).
6. The currency will also be used for other areas of monetization such as eLearning (outlined below).
I had put this together back in 2022 for a demo I was doing about NFT use cases with nanolearning/Dopalearn: https://opensea.io/collection/littlebrainboosters
The idea is a network of decentralized "virtual schools" (book publishers, teachers/educators, instructional designers, institutions, motion graphic artists, anyone) authoring and publishing Dopalearn compliant training (aka "Pop-up Training") and monetizing it. Each school licensed and provided with "keys" (housed in the NFTs) that allows their customers to use/open them (the training) in Dopalearn. So technically, the NFT will be housing the course metadata (source of the JSONs/mp3s) and the license/key that makes it Dopalearn compliant. Is there a better/newer method to do this? Let me know.
I only used Opensea to mockup what these virtual schools may look like for customers when shopping (there are some limitation, so it's not the complete picture, but you'll get the point).
DM me 3 months of Dopalearn access @ https://t.me/dopalearn
Adam
To be continued....
Start here first: https://youtube.com/shorts/1gcMx_IDOZY
then here: https://youtube.com/shorts/WGY0082PQZo
I'm the founder of Little Brain Boosters®, a bootstrapped children's Edtech startup based out of Amsterdam. Our platform is called Dopalearn® - the world's first nano-learning platform for children. It's a free app available on iOS and Android (there is also a pro version for $2.99 a month). It's hybrid between an LMS (Learning Management System) and a video platform; think YouTube Shorts or TikTok, but instead of ads, we show "nano-lessons" lasting between 3-15 seconds. It was designed for children with learning disabilities (i.e. autism, ADHD, speech delay, etc). We been working on this project for about 5 years (8 years personally), unveiled recently.
Download here:
Playstore (Android): https://play.google.com/store/apps/details?id=com.littlebrainboosters.dopalearn
Appstore (iOS): https://apps.apple.com/us/app/dopalearn/id1542507323
We are now gearing up to unveil a content creator program (the "Jr. Creators Hub") that will serve as a portal for creators to upload, manage, and ultimately monetize their "premium" video content to our subscribers. Since we don't do any third party advertising in the app (never will), we will be introducing a "Learn to Earn" (LTE) model that lets the child earn points (by completing challenges in "Practice Mode") which can then be used to unlock the premium videos. We are dedicating 15% of the subscription revenue for content creators. The catch? We want introduce a crypto currency as the form of payment while being SEC compliant.
Here is a rough overview of what I have in mind (I may be way off, so do chime in with your thoughts):
1. The Content Creator signs in to the Creators Hub with their crypto wallet to upload and manage videos.
2. The videos are then reviewed, processed and minted as NFTs to include author details (among other things), but most importantly author identity for compliance and taxation purposes).
3. The videos are then fed into our video feed (we call it the "Reel") and made accessible to our audience, but ONLY via the LTE model after earning points.
4. As the learner's earn points, they are able to unlock this premium only section where the videos reside and view whatever they please, which ultimately tracks the views so we can reward the creators.
5. Here is the catch, we want to reward the creators with a crypto currency which can eventually be used at our own exchange to convert to fiat (the SEC compliant part).
6. The currency will also be used for other areas of monetization such as eLearning (outlined below).
I had put this together back in 2022 for a demo I was doing about NFT use cases with nanolearning/Dopalearn: https://opensea.io/collection/littlebrainboosters
The idea is a network of decentralized "virtual schools" (book publishers, teachers/educators, instructional designers, institutions, motion graphic artists, anyone) authoring and publishing Dopalearn compliant training (aka "Pop-up Training") and monetizing it. Each school licensed and provided with "keys" (housed in the NFTs) that allows their customers to use/open them (the training) in Dopalearn. So technically, the NFT will be housing the course metadata (source of the JSONs/mp3s) and the license/key that makes it Dopalearn compliant. Is there a better/newer method to do this? Let me know.
I only used Opensea to mockup what these virtual schools may look like for customers when shopping (there are some limitation, so it's not the complete picture, but you'll get the point).
DM me 3 months of Dopalearn access @ https://t.me/dopalearn
Adam
To be continued....