A small team of developers (including myself) have released a new concepts on Ethereum: it mixes an ERC-20 token (CITY) with the non-fungible tokens proposals (ERC drafts 721, 821 and 875). The concept is to release cities in a mapworld (see www.citymayor.co) and create economic boosts every time someone buys a new city. This will effectively mint the tokens in real time. This is limited by our cap on the amount of cities we can create (5000). After that we’ll continue to reward trades via an initial fund we’ll keep until it goes empty. All the details are in our very short whitepaper here: www.citymayor.co/whitepaper).
I don’t believe this has been done before (mixing the two classes of assets) and we’re excited to see how it goes
we’ve soft launched last week end and we’re ramping up slowly until the next week end where we’ll pour some of our own funds in advertisement. Eventually this is akin to an interactive but indirect ICO where we only really sell the first assets that are a gateway to the actual tokens. Part of the ethers made with the project will be put back into the platform in order to improve it and reach the objectives we’ve laid out in our roadmap.We are brainstorming plans and ideas on how to evolve this platform, but we wanted to reach out to get feedback and inputs from the community beforehands.
Oh and by the way we’re looking for ideas on what cities to post next