A NEW BEGINNING? WHO KNOWS...
Good morning everyone.
We have been on stand by, as you will know, after the events we had with W12; who, in addition to stopping the campaign, gave reasons to the Russian authorities to been intervened throught our personal mail accounts and cell phone numbers for a while. Making us look as scammers in from them and potential investors.
What have we learned from this?
Many things. If we list them, we would start by analyzing that i am the only responsible of all of this. Because I exposed two people who trusted this project. Because I did not thoroughly investigate several alternatives instead of blindly relying on the Counterparty platform, which despite offering the advantage of burning XCP or Bitcoin to create custom tokens. It does not offer support for the creation of smart contracts, nor DAOs - of course, something that we did not know, much less as we did-. In fact, they had the ability in the past to create smart contracts that were compatible with the Ethereum network. However, the Counterparty virtual machine was presenting flaws in its code. For example, the
Coindaddy service was beginning to present failures in the GOCoin payment platform. That avoided us from doing the Enhacement with a website; necessary to promote our crypto.
Apart from that, we discarded the Counterparty Testnet. A serious mistake we made - or that I made -, although the platform has not been updated for a ballast of years. The testnet would have served us to simulate possible scenarios within the Counterparty DEX; exchange for other tokens of testnet, make use of broadcasting ... In short, a simulation of scenarios that we did not do and that would have saved us in investment losses.
What will happen now?
I plan to create a token based on Ethereum. Obviously, it will not be called Mayuyacoin (it would have the name of Mayuya); because with that name the Counterparty token already works - we will make it proper to the DEX-. With all of the law, this token could have a smart contract and could even function as a Decentralized Autonomous Organization thanks to the Aragon platform (maybe I opted for the last one). For now, I will only do tests on the Rinkeby testnet to learn a little about this platform that caught my attention and that could make us leverage better than when we were in Counterparty. A governance that would allow users to be carriers of an eventual new token. It is something I should have done from the beginning or since 2018, when Aragon opened the Mainnet option.
On our part, we can only re-make this project from scratch with what we have. A new whitepaper and a new platform; We also look for ways to have financial oxygen to move forward with this, because, as I said, we are limited in resources.