The only way this will work is if the coins are already tied to a number of frequency that are for sale. So if anyone who is reading this owns some RF frequencies you could really make a killing if you'd sell frequency bands with this coin, but if there are no frequencies to back the coin...DOA.
The interesting thing about spectrum secondary market is there are always some frequencies for sale. And put aside big frequencies like GSM - they are way too expensive. However there is a huge market under this and sellers/buyers act very much like you act trading crypto. For a big frequency exchange example in USA you may check spectrum bridge - but there is nothing similar easy to pick up in Europe. Ofc there are some legislative constrains but they are easy to overcome when you know what papers print and what bureaucracy to follow while dealing with spectrum.
Yes but why would anyone suddenly switch to using your coin to sell their spectrum when they could just get real cash straight away? You've already identified a market where I can do exactly that. How are you going to use this coin alongside any contracts that may be required in licensing certain frequencies? If i just buy 13.2Ghz off someone, what's to say they own it and what's to say it's even legal for them to sell it on? If you'd released this coin alongside a working market place for such a transaction, you might have produced a respectable coin.
Because when dealing with cash - you have no room for maneuver. Every sale with cash will be buried in tons of paperwork and legislative problems. Using single hub and working under financial regulations but within RF framework will not break any laws, and will be appealing to those who is not willing to pay a fortune just to seal the deal. The interim agent that will gather all allocation until "withdrawal" point will make it happen. Also it is in no way shady - everything is legal - just simplified via "currency" that do not put special obligations on counterparts just to make single transaction.
You don't have any room for manoeuvre with a crypto trade either. No one is going to sell you a section of spectrum for the equivalent of $5 and you can't get round the paperwork. The price is what it is due to current demand.
Why is that? Do you familiar with current paperwork that wraps any fiat deal (no matter if you buying bread or house)? More than that even more paperwork wraps every spectrum assignment. No Assume that company A want to buy spectrum in region X and company B wants to sell it. They use company C as a middle agent. Company B submits spectrum rights for the C and this allows then to place sell order. Company A sees that sell order and buys it out. 2 reasons why it cant be done directly:
1. There is no unified place where it can be done.
2. Both A and B have no slightest idea how spectrum licensing works (we are speaking of fairly small companies, that for example need to bring up radio relay line or proprietary high-power wi-fi network)
Now they have to pay 500$/hour to lawyers who pay 300$/hour to other consultants to make any deal possible. With crypto it is possible to just leave C as a mediator, who will hold assignments that are for sale until "withdraw" order is in place - at that point for smallest fee all paperwork will be done in a matter of minutes. Also dont forget that when you buy anything for fiat it is huge pain in the ass, because of agreements, acceptance etc. It is way harder to put an agreement for buying 1Hz than and agreement to buy 1Coin, and legally speaking spectrum assignments will be distributed for "free" - all payments will be done via coins.
