Topic: [ANN] Swarm Fund 1.0 - [OFFLINE THREAD] - page 7. (Read 139876 times)

Vennd used to provide something like that vending machine you describe.  The last I heard they were shutting down temporarily to deal with the legal implications:

http://www.vennd.io/

Swarm expects to accept credit card payment for tokens?

I'm not in the Dev-team but I am volunteering for Swarm and this is the way I understand it. The Swarm CMS will get you a log-in to a counterwallet. It creates a .pdf for you with your login pass phrase. Swarm doesn't know your login. So they have to do a lot of work in your browser without critical info leaving your computer. Now take this a step further, you want people to have their own wallet (with an address in it) and allow them to issue a x-number of tokens for their own project. Next step is to allow others to buy them using BTC or a creditcard. Again, without being able to know pass phrases etc. So you need a vending-type of technology to send people coins when they pay with BTC. It also needs to work with creditcard payments. If 20 projects would launch in 1 week, and 15K people want their coins, it needs to be the technology that does this. It's to much work to do by hand. At the same time you want at least 1% to be distributed to the SWARMCoin-holders. That's another part of the story. And next to that all the projects will have their own pages with info etc.     

If I may ask, since Counterparty produces the tokens, where is the functionality gap that requires so much work?  Maybe the web interface to Counterparty?  Or distributing the tokens to SWARM holders?

What I last heard is that the team gathered in Palo Alto and that some of them are working 18H a day to build the thing. A lot of programming needs to be done. I like Vevue indeed. Nice people as well, trying to do things right, working a lot of hours on their project for a very long time now. I really can't wait to see the projects go live  

Any update on this?

BTW, what are your favorite Swarm projects currently?  Vevue looks interesting.

So far people can create a DCO but are not able to create assets as far as I know. A lot of testing has been done, I made a test-DCO myself to test the backend. A lot of others did as well to make sure things work correctly. I have no time schedule, but things are going well. So I personally hope to see projects go "live" and create coins as soon as possible.   

How many projects have created an asset that hasn't been distributed via Basic Income yet?  I believe Swarm Fund is one.

I'm expecting this to be fully automated within the next week so that every time anyone issues assets there will be an automatic distribution. This may happen when the asset is created or when someone clicks the "start crowdfund" option our interface.


Yes.


No. Participation is restricted to active Swarm agents at the moment.

At what point do the projects listed on swarm.fund/projects turn into Basic Income coin/asset distributions?

Will there be a Basic Income distribution of Swarm Fund coins/assets?

Is it possible to purchase Swarm Fund coins/assets without participating in the project?

Yep, we've had over 70 projects adopt this model so far. So far it seems to be best suited for community projects with a wide base of appeal and funds that are structured as partnerships. We've sort of already done the first so we thought we would also do the second.

The website is open for people to create a DCO. Here's the latest Newsletter where people
with great ideas are invited to do so. You create a project-page, with all the information about your project and links to videos etc. You can take a look at some projects already.
Swarm Fund is one of them.

I'm not sure what you mean here.  You guys just launched a project called Swarm Fund?

Happy to announce that our first project launched on the DCO model (Swarm Fund) went over 100% of its goal in under 24hrs. Stay tuned for more upcoming distributions (i.e. Swarm basic income).

There's no reason why a project can't run their governance through us and crowdsale through another platform. Among other things, we don't have the tech to support all asset issuances, but we welcome the listings.

ShapeShift.io has added Swarm to their instant digital asset exchange. Buy or sell swarm instantly. No account needed.

‪Bitcoin‬<-> Swarm
‪Litecoin‬ <-> Swarm
‪‎BTS‬ <-> Swarm
‪XCP‬ <-> Swarm
‪Dogecoin‬ <-> Swarm
‪Nxt‬ <-> Swarm
‎XRP‬ <-> Swarm
‪Clams‬ <-> Swarm
‎Dash‬ <-> Swarm
‎Monero‬ <-> Swarm
‪Nubits‬ <-> Swarm
‪Vericoin‬ <-> Swarm

Does SWARM work with other crowd funding platforms?


I see Spells of Genesis listed at:

https://koinify.com/#/

and

https://swarm.fund/projects/Spells_of_Genesis_1430358092

btw, our forum members have started to produce some very interesting and high quality content, such as this:

https://discourse.swarm.fund/t/suggestions-for-the-swarm-community-on-basic-income-voluntary-basic-capital/183

Although some here have just pointed out some similarities between DCOs and traditional corporate vehicles, I think this illustrates how DCOs can be utilized as a more general purpose tool that solves existing problems around public goods and intellectual property. I've actually never fully reported all of our research there (the history of the swarm was already long enough, but I have a large legal database at this point on the various potential applications of this type of new model.

We've started to see some of them pop up on our projects page, but I think there are a lot of things to be added soon. I'm also planning to write another longer piece on the power of programmable governance.

I'd suggest reading the whole working paper if you haven't already.

I found your own strategy very interesting and would be very happy to discuss it further, perhaps via email.

Hi there, I get this voting forms as well. Interactive brokers sends them to my home and I can choose to vote. But if you're a little start-up creating an App for Iphone and Android, how can this be
done? It can't. That's one of the great things when creating a DCO and doing a crowdsale. The coins/tokens make you able to vote on subjects for the little start-up as well, without the need for them to be traded on the NASDAQ or so. It makes smaller investors able to invest in little companies as well, so not only the big VC's and investment firms are able to get in, you should be able to as well. When it comes to cryptoequity I even think people should have the same rights as VC's as well. I wish I was able to get in to Oculus or Uber when they were small. The same for PONO, they made you able to invest in them, but you needed at least $5000 (and be in the US?) to do so. What I hope is that this will become different in the future. I think it would be great when even a 19 year old in India is able to become a "stockholder" or at least has the same rights as the big guys. Even if he has only $20 to invest. That's why I volunteered for Swarm. We should all be able to invest in little start-ups and crowdsales. And when a new Uber or Oculus gets funded, we should get more than an early buy of their product or a T-shirt, we should be able to get the same rights as VC's and others. That's my dream    


That's great. Did you had a look at the DCO-model?