Is this a free coin or ico coin? Btw, good luck dev. Building on ethereum is a cool idea. Benefits from solid platform.
No, something different, a new model you' ve never seen.
There 's a web service and the income is shared by the owners of the DAO
The webservice is composed by multiple (assumed to be legal, as opposed to THE_DAO model) web-shops, in the form of BOTS (virtual clerks), serving the incoming customers.
A multiplexer redirects the customers one by one to the bots, mantaining equal the amount of customers served by each bot, and thus producing an income that emulates a financial product (a company with shares), but with the benefits of avoiding the strict rules of financial products.
So you don't buy coins, you buy BOTS, and the BOTS produce an income (ETH) serving the customers (the customers list coins in the DB), that is then collected by the BOTs owners.
The idea is applied to an OPEN DECENTRALIZED DATABASE FOR COINS, since it is relatively easy, and so a good starting point for experimenting this kind of model.
If a good amount of crypto lovers will get some BOTs, there will be of course a good traffic, and the database will reach wide adoption.
Tomorrow on Ethereum TESTNET
Nice developer tomorrow is in testnet phase.But I have a question BOT can listed in exchanges or not.This is the thing that I want to know I BOT can listed in Exchanges.Looking forward to this ARK project.
HOW MANY BOTS ARE INSIDE ARK?
The total amount will be decided at the moment of launch. From the very first moment of the initial sale, the number of BOTS cannot be changed.
CAN I TRADE MY BOTS?
Technically, yes. But ARK starts with a very high fee (RESELL BOT). ARK is meant for long term investors. If in the future the community decides (via inner voting system) to lower the cost of RESELL-BOT service, they will be easily tradable.
This is my understanding and I could be completely wrong: The bots are part of a contract (ARK) running on the Ethereum network. When services are performed, adding listings etc to the ARK platform, the bots collect fees in terms of ETH and these are paid out to the bot owners.
So... could a part of a contract be sold as individual tokens on a secondary exchange? Interesting question. From the looks of the RESELL-BOT function, you can sell/trade bots within the ARK platform. Just thinking in terms of theDAO tokens, these could be sold independently, and therefore perhaps it is technically possible to sell BOTs as well. If a BOT-asset can be traded on the ARK platform, could it then not be sent to any ETH address, even a third party as an exchange? @Gosh will have to answer that one.
The system is a platform itself for reselling bots (the interface is built in order to manage them).
The contract contains a function that allows to transfer the ownership, however you will see that the mechanism you trigger when you resell a bot puts your bot in the hands of the current seller (according to the multiplexer). In few words, when you decide to resell your bot you give a chance to another bot owner to earn something serving the customer coming to buy your bot. Since , at least at the beginning, the fees are high (the community could decide to lower the fees by voting), I see it more like a medium/long term investment approach. During the start sale you canmanually transfer ownership, after the startsale you just put a price and anyone can buy your bot automatically. The thing is that each bot is different, so even if it is possible to delegate the operation to an external contract, each bot is numbered, so you can decide to sell your first bot for 1 eth and your second bot for 2 eth. This with coins is not possible, since all coins are the same.
It is an effort for an exchange to implement this functionality,beeing not properly standard like with Tokens, so I think at the beginning you shouldn't expect to find the exchange your are looking for. The plan is to verify this standard, and then create a platform where anyone can easy build a collaborative market and generate related bots. At that point adapring an exchange in order to accept the standard will be appealing. The Monkeyscage dreams to reach this standard in few moves, the timetable depends very much by the spread velocity we will experience in the next month.
In few hours we go on testnet so you can see everything by yourself.
If you want to sell as soon as possible, other owners will make money on your decision, so at the moment ARK is for the believers, we could say..
ARK makes money on 6 different services, but it can be extended not only in term of language, but also in term of services and products (there are 20 multiplexers, now only 6 are used and associated to a service). The value of ARK depends very much by the next contract we add and by the growth of the ecosystem, so in few words , mainly by the next moves of the Monkeyscage. If you are a developer, however, feel free to contact us! ARK is only a first brick, the plan behind ARK is bigger than the Monkeyscage, so there is space for you as well!
I'll be back soon with the testnet link
