Topic: ✍️ ☑️ ✐ [ANN][ICO]URAllowance - Family-Smart Contract | ✐ ☑️ ✍️ - page 35. (Read 25617 times)

URAllowance is something that parents would want to educate their children.

But if it spread enough or used by some popular kids, other ones may insist their parents use it. I can imagine some parents asking their children "what is crypto payments"

I really do appreciate you taking the time to look further into URAllowance. Yes, you have the basic idea now. There is another feature that we added in to keep the parents involved and see these things through to the end.Once a kid checks the task as complete, an automatic timer is initiated for the parents to approve the work of the kids.If the timer runs down to zero, the family-smart contract releases the funds to the kids wallet. And the same goes for the kids side too. No work no pay.

Thank you, but I have already figured out my own. If schematically, then in your contract it will be like this: the parent includes the task, the child marks the task, the parent checks the performance, the child receives a reward. Do I get it right?
Initially, I thought that the parent does not perform the task, but instead the contract will check the execution automatically. For example, assigning a child: to transfer some items to another place. When the child takes the last item, under it there will be a note with the password that he will enter into the contract, and this will be an automatic check of the task. The parent entered this password into the contract before the task. Or the child was given the task to do the cleaning. When cleaning, he will find a well-hidden password about the task, or he must find the parts of the password in different places of the room, so that until he does the cleaning, he will not be able to find all the parts. This is not only an automatic performance of the contract, but in some ways a game.

I guess there is no need to an apology but anyway I think the community will appreciate it. I rarely see those kinds of gestures in this forum.

Thanks for clarifying man. don't worry about it, just do your thing.

Sorry to be so unclear on the start date. Once again I chose a random date for the ICO calendar sites. This was an unavoidable, managerial decision. Probably not my best leadership decision but I stand by it. Here is the clearest I can be though without pulling dates out of my a**. We have some very important meetings spread out across this entire week. A conference with David Drake and his Managing Director for Investments William (Bill) Davis. Davis is as old school as Drake. He introduced Bitcoin to several countries and invested in many crypto companies since back in 2011. Here's a recent panel he spoke on. He impressed me for sure.  https://drive.google.com/file/d/196uzZL1i-6RDutggD2gsUOLBpwc8zVAe/view 
So this meeting is the first of several. Drake will advise on ICO strategy while Bill gets us prepared for investor relations and teaches us the best strategies while corresponding with the representatives from multimillion - and billion dollar investment funds. If we don't have an exact date by next Friday then I will open up an entirely new thread just for the purpose heckling me.
So there it is. I have confirmed the date that I will be setting the date by.

I could only try to explain this complicated matter. But seeing as how our own government can not properly explain it, I don't think I will have much better luck. Mostly, this entire debate, no matter where it is taking place, is full of opinion and speculation. Not all tokens are securities. There are basic guidelines as to what makes a token a security.
 
The now Famous Howie Test is one such way to vaguely try and label a token a non-security. Another popular method I've been seeing for several months now..... I do not recommend this, by the way, I just find it rather hilarious..... Is when a company thinks that they can disguise their security token with clever verbiage and a list of "no-no" words that the staff and community managers must avoid at all costs. This route will come back to bite them in the ass later. lol.

We have a token that is consumable via our platform. We will also sell tokens from our platform after the ICO from our reserve pool that we have allocated exactly for this purpose. The price of our post ICO token will be $0.30, 10X more than the highest ICO price. This will make our reserve pool last much longer than if we sold them for $0.03. The reserve pool token sales is a necessary feature we have chosen to include to bring in all the parents and teachers that have no idea what an ICO or crypto is but really want to try our awesome platform because all the other parents, teachers and kids are using it.

Our in platform token sales, at first, will have to be USD purchased only. This is because if we allow for multiple cryptocurrencies this lands us in the exchange category. We wouldn't mind filing for whatever licensing we need to legally be able to exchange on our platform. For now, though, we have our hands full and must focus on development.

Luckily we are in talks with an exchange that is based out of Australia and they love our project and have offered to handle crypto:URA sales for us. More details to come on that.

I guess it could in fact spread quite fast among kids. As far as i understood then there is no date set for the starting of the sale. Is this something that will be decided soon or is it still uncertain?

How it works for LLCs? They are also banned in the US regarding token sales? And I didn't understand yet why they label every ICO as a security, can you explain this to me?

Firstly a brilliant idea you have, i have to say that:)

Secondly I like the way your communicating with people in here so please keep up this because lately threads in here start with hype and lots of coms and later days thread seems deserted because of the lack of devs..

Good luck.

I appreciate this update as it is sincere and honest as I feel it. And also this kind of update is what everybody in this forum needs, as team and community interaction is very important.

I think many people will appreciate a good application for the blockchain and smart contracts. This forum is probably very much in favor of technological progress. Your idea is also easy to understand.

As for the intrinsic vs extrinsic motivation problem, I think the angels among the children would just not provide their "proof of work" or mark it as completed and by that they would get no reward for bringing the trash out and thus they would have done  it out of the goodness of their hearts.  

More naysayers? Hey, you are in BTCT and you are saying you want to bring families and children to crypto. Children to crypto means a big adoption of crypto into the masses.
Who will say "no" to this is certainly not be living in cryptoland. 
But of course, I also have some doubts, when children no longer bring out the trash because they want to help (yes some children wants to help  ), but because there are some coins for it, but we'll see.

Wow! I was just reading all the posts here that I missed the last two days.
Thank you all so much for the support. We knew we had a great idea. Personally, I was expecting a lot more naysayers. This is BTCT for crying out loud. Where are all my skeptics? lol. Seriously though, you have all been great and have been giving the team motivation to push through the long hours. We are building something great. It may seem simple at the base level, but I ensure you that mountains will be moved because of our efforts.

A few quick updates:

A week and a half ago I said that we were aiming for April 28th to begin our sale. I also said that was a wild guess that I came up with when I was filling out the forms for ICO calendar sites. They require that field have a date. I went with that date on all the forms I filled.  So.... I was wrong. We are ready as far as our Smart-Contract goes. We need to be a little bit farther along with development though. Also, being in licensed LLC in the USA has it's challenges as far as compliance goes. But not at all impossible though.

I have more updates but I gotta run right now. I'll be back in the next two hours to finish this update. No exact date yet. We have to do this right and not rush into anything.

Also, it is fun.

URAllowance can be something kids brag about to other kids.

Hey my family is very tech-savvy and they are paying my allowance through smart contracts

I like projects which have a social impact and this one is spot on.

The concept of allowances is key to make sure youths understand and values the basic economical principles and lays a foundation for future responsibility of ones economy. In a society which is moving away from cash management this makes it more easy to delegate micro tasks and also ensures that the one doing it get the "monetary" feedback.

there was nothing like this when we were children, but at least we have a chance for our own.

The UI for InVision mobile app looks good. The monotone theme gives an appearance of speed. I hope it will run smooth and speedily.

I share the same sentiment, I am glad to know that others and many will have this opportunity. But I would have learned enough to avoid some losses I had

lets watch the CryptoKids now on youtube.