MWI have been removed from bank reserves.
It was used to check a known bug, that the bug was rid.
The bug was rid and MWI will in future, be mined via PoHC (proof of human capabilities)
An automated tipping system is being developed for BoD mining channels.
Stay tuned, anon.
Topic: BANK OF DUCK - Fully Redeemable NFT and CONFIDENTIAL ASSET Service (Read 161 times)
October 26, 2022, 11:15:32 AM
October 24, 2022, 10:42:49 AM
October 20, 2022, 03:23:09 AM
Press Release 20 October 2022
Beam Metaverse
Bank of Duck launches with an array of confidential assets and private noftes.
Decentralised User Controlled Knowledge - DUCK*
*only you have power over your finances.
WITH BANK OF DUCK
Method:
User installs Beam wallet on their desktop pc at home. User makes purchase of digital assets.
If the user purchases tokens – which are confidential assets, directly from BoD (Bank of Duck) they are also furnished with nofte versions to the same value. User redeems both CA + nofte - or can sell nofte back to the bank to receive it’s face value…
If the user purchases noftes – which are banknotes minted by the Bank, they are also entitled to receive confidential asset paired to the nofte ONLY to the sum of the description in the nofte. To allow the user to receive the sum of confidential asset, the user must give back to the Bank, the nofte.
Backed by 2.3trillion GBP, Bank of Duck refuses to work with centralised currencies, their mechanisms nor their role in the world. They are obsolete.
In partnership with satoshi nakamoto project and MWI on Beam, Raskul lives in Scotland, quietly with his family.
Bank of Duck does NOT bridge to other chains currently. And prefers not to, as we have witnessed of late, these are prone to exploit. Bank of Duck remains on Beam.
Essential to our business, we have entered a development request to Beam CTO. The request was posted publicly on https://forum.beam.mw and reads:
ESSENTIAL
DEVELOPMENT REQUEST FOR A DAPP - BANK OF DUCK
The Nofte is, in it’s very basic form, a banknote NFT which can be redeemed for amounts of CA, linked to the nofte.
This Dapp would be for Bank of Duck users, to allow automated redemption services of NFT <> CA (both CA to NFT and NFT to CA should be supported in the dapp).
The dapp would have a simple customer facing UI which allows user to send any particular NFT to RIOTPIG artist ID and automatically receive the amount shown on the NFT to the value of the Confidential Asset specified.
Example
User sends 1 Crown nofte NFT (BEAM NFT Gallery) into the dapp and receive 70 Crowns (CA) in return (Beam Block Explorer)
A basic automated swap service with the most simple UI where nofte NFT’s issued by the bank can only be redeemable for the correct CA, paired to the correct NFT.
ie:
Crowns <> Crown nofte’s
Tico <> Tico nofte’s
Sov <> Sov nofte’s
Etc etc
Backend UI (admin)
Admin can load up or withdraw into or from the dapp wallet part from the main wallet (deposit/withdraw options) with amounts of CA as a reserve - these amounts should be visible to the user in the main screen of the dapp as BANK RESERVES.
Example -
Crowns (x - amount) in reserve (changes as more are loaded, or withdrawn)
Tico (x - amount) in reserve (changes as above etc etc)
programmable options in the admin section- swap x for y and add any ca
Admin can specify and alter the amount of specific CA which can be redeemed to any specific NFT from a specific collection. 1 Crown nofte NFT = 70 Crowns etc
Since collections are already built for each NFT (nofte) example CROWNS (BEAM NFT Gallery) then the dapp will know if it is the correct NFT to redeem, as it would be already registered onchain and once redeemed, simply returned to it’s placeholder in it’s correct collection upon confirmation of redemption and the bank (RIOTPIG id) will own the NFT again with ability to reprice and resell…
Moderation system which the moderator can approve or reject redemptions.
Approved redemptions are concluded, rejected redemptions are refunded.
a white label (blue as Beam) without branding, open source and reusable by others.
please and thank you.
R
'The money which the people of this planet use will not be open to the social control of those peoples.' Raskul. Founder of BoD.
Anon
Beam Metaverse
Bank of Duck launches with an array of confidential assets and private noftes.
Decentralised User Controlled Knowledge - DUCK*
*only you have power over your finances.
WITH BANK OF DUCK
Method:
User installs Beam wallet on their desktop pc at home. User makes purchase of digital assets.
If the user purchases tokens – which are confidential assets, directly from BoD (Bank of Duck) they are also furnished with nofte versions to the same value. User redeems both CA + nofte - or can sell nofte back to the bank to receive it’s face value…
If the user purchases noftes – which are banknotes minted by the Bank, they are also entitled to receive confidential asset paired to the nofte ONLY to the sum of the description in the nofte. To allow the user to receive the sum of confidential asset, the user must give back to the Bank, the nofte.
Backed by 2.3trillion GBP, Bank of Duck refuses to work with centralised currencies, their mechanisms nor their role in the world. They are obsolete.
In partnership with satoshi nakamoto project and MWI on Beam, Raskul lives in Scotland, quietly with his family.
Bank of Duck does NOT bridge to other chains currently. And prefers not to, as we have witnessed of late, these are prone to exploit. Bank of Duck remains on Beam.
Essential to our business, we have entered a development request to Beam CTO. The request was posted publicly on https://forum.beam.mw and reads:
ESSENTIAL
DEVELOPMENT REQUEST FOR A DAPP - BANK OF DUCK
The Nofte is, in it’s very basic form, a banknote NFT which can be redeemed for amounts of CA, linked to the nofte.
This Dapp would be for Bank of Duck users, to allow automated redemption services of NFT <> CA (both CA to NFT and NFT to CA should be supported in the dapp).
The dapp would have a simple customer facing UI which allows user to send any particular NFT to RIOTPIG artist ID and automatically receive the amount shown on the NFT to the value of the Confidential Asset specified.
Example
User sends 1 Crown nofte NFT (BEAM NFT Gallery) into the dapp and receive 70 Crowns (CA) in return (Beam Block Explorer)
A basic automated swap service with the most simple UI where nofte NFT’s issued by the bank can only be redeemable for the correct CA, paired to the correct NFT.
ie:
Crowns <> Crown nofte’s
Tico <> Tico nofte’s
Sov <> Sov nofte’s
Etc etc
Backend UI (admin)
Admin can load up or withdraw into or from the dapp wallet part from the main wallet (deposit/withdraw options) with amounts of CA as a reserve - these amounts should be visible to the user in the main screen of the dapp as BANK RESERVES.
Example -
Crowns (x - amount) in reserve (changes as more are loaded, or withdrawn)
Tico (x - amount) in reserve (changes as above etc etc)
programmable options in the admin section- swap x for y and add any ca
Admin can specify and alter the amount of specific CA which can be redeemed to any specific NFT from a specific collection. 1 Crown nofte NFT = 70 Crowns etc
Since collections are already built for each NFT (nofte) example CROWNS (BEAM NFT Gallery) then the dapp will know if it is the correct NFT to redeem, as it would be already registered onchain and once redeemed, simply returned to it’s placeholder in it’s correct collection upon confirmation of redemption and the bank (RIOTPIG id) will own the NFT again with ability to reprice and resell…
Moderation system which the moderator can approve or reject redemptions.
Approved redemptions are concluded, rejected redemptions are refunded.
a white label (blue as Beam) without branding, open source and reusable by others.
please and thank you.
R
'The money which the people of this planet use will not be open to the social control of those peoples.' Raskul. Founder of BoD.
Anon
October 19, 2022, 10:39:30 AM
October 19, 2022, 06:31:33 AM
October 18, 2022, 04:20:16 PM
October 18, 2022, 10:58:07 AM
Who pays the transaction fees for redemption and how long do you expect redemptions to take?
I'm not sure how welcome this would be as a service, it's certainly a new way of doing things but presumably funds invested are hoped to be deposited somewhere that'd bear interest for your team too (and pay you) such as dex pools?
I'm not sure how welcome this would be as a service, it's certainly a new way of doing things but presumably funds invested are hoped to be deposited somewhere that'd bear interest for your team too (and pay you) such as dex pools?
Redemptions should be 1 block.
October 18, 2022, 10:53:43 AM
October 17, 2022, 05:14:21 PM
Transaction fees are paid in Beam, as all the BoD assets run on Beam Privacy.
It is the most basic of banking systems, a tried and tested method.
Simple fractional reserve.
It is the most basic of banking systems, a tried and tested method.
Simple fractional reserve.
October 17, 2022, 04:19:19 PM
Who pays the transaction fees for redemption and how long do you expect redemptions to take?
I'm not sure how welcome this would be as a service, it's certainly a new way of doing things but presumably funds invested are hoped to be deposited somewhere that'd bear interest for your team too (and pay you) such as dex pools?
I'm not sure how welcome this would be as a service, it's certainly a new way of doing things but presumably funds invested are hoped to be deposited somewhere that'd bear interest for your team too (and pay you) such as dex pools?
October 17, 2022, 11:14:45 AM
BOD NOFTES IN CIRCULATION
CROWNS
TICOCOIN
BAWBEES
RANGERS FAN TOKEN
POUNDS
SOVEREIGN
GUINEA
TICO IN WIZARD HATS
BANK OF DUCK HALFPENNIES
RIOTPIG Collection can be found at the top of page1 in collections tab.
https://gallery.beam.mw/#/
CROWNS
TICOCOIN
BAWBEES
RANGERS FAN TOKEN
POUNDS
SOVEREIGN
GUINEA
TICO IN WIZARD HATS
BANK OF DUCK HALFPENNIES
RIOTPIG Collection can be found at the top of page1 in collections tab.
https://gallery.beam.mw/#/
October 17, 2022, 11:14:29 AM
www.bankofduck.com
Proudly announcing
THE WORLD'S FIRST PRIVATE CRYPTO REDEMPTION SERVICE.
The Bank of Duck.
Not everyone in life wants everything to be automated.
Bank of Duck Noftes are NFT's, which never lose value.
All of our noftes are fully redeemable in their nominal amounts.
Fully backed assets available to purchase in our confidential NFT collections.
Digital assets which NEVER lose value and can ALWAYS be redeemed at face value.
'Nofte' is the old English spelling for banknotes, and at BoD,
our reserves are all held as noftes backed by fungible assets.
NFT digital blocks which are fully fungible with their respective
confidential asset tokens, on the Beam blockchain.
A simple how-does-it-work:
BoD (Bank of Duck) holds reserves in what we called ‘noftes’.
Each nofte is fully backed by BoD reserves.
Currently, the nofte redemption process is manual to ensure detailed checks and
guarantees that your invested sums can always remain transferrable.
You buy an NFT ‘nofte’ - GBP, SOVEREIGN, GUINEA, CROWN, TQR, MWI, RFC or TICO.
You join CASHIER tg channel - https://t.me/bankofduck.
Post your message in the channel and tag @BODcashier requesting redemption of your nofte.
Wait for the cashier messaging you in public to complete the redemption.
NO MEMBER OF THE BANK OF DUCK TEAM WILL CONTACT YOU DIRECTLY
BE WARY OF MIMICKING ACCOUNTS WHO MESSAGE OR CALL YOU.
*Where reserves cannot fulfil the resale of any already redeemed nofte,
the nofte remains ‘not for sale’ and held at the bank in trust. BoD is a
service which requires human interaction, because we don’t believe
everything in decentralised finance should be solely relied upon by
automated contracts.
Your peace of mind is our confidence.
Bank of Duck promise to pay the bearer on demand of every CROWN (crown) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every GUINEA (gee) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every SOVEREIGN (sov) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every MWI (bawbee) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every TICO (tico$) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every TRQ (celtic circle coin) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every RFC (rangers fan token) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every GBP (pound) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Proudly announcing
THE WORLD'S FIRST PRIVATE CRYPTO REDEMPTION SERVICE.
The Bank of Duck.
Not everyone in life wants everything to be automated.
Bank of Duck Noftes are NFT's, which never lose value.
All of our noftes are fully redeemable in their nominal amounts.
Fully backed assets available to purchase in our confidential NFT collections.
Digital assets which NEVER lose value and can ALWAYS be redeemed at face value.
'Nofte' is the old English spelling for banknotes, and at BoD,
our reserves are all held as noftes backed by fungible assets.
NFT digital blocks which are fully fungible with their respective
confidential asset tokens, on the Beam blockchain.
A simple how-does-it-work:
BoD (Bank of Duck) holds reserves in what we called ‘noftes’.
Each nofte is fully backed by BoD reserves.
Currently, the nofte redemption process is manual to ensure detailed checks and
guarantees that your invested sums can always remain transferrable.
You buy an NFT ‘nofte’ - GBP, SOVEREIGN, GUINEA, CROWN, TQR, MWI, RFC or TICO.
You join CASHIER tg channel - https://t.me/bankofduck.
Post your message in the channel and tag @BODcashier requesting redemption of your nofte.
Wait for the cashier messaging you in public to complete the redemption.
NO MEMBER OF THE BANK OF DUCK TEAM WILL CONTACT YOU DIRECTLY
BE WARY OF MIMICKING ACCOUNTS WHO MESSAGE OR CALL YOU.
*Where reserves cannot fulfil the resale of any already redeemed nofte,
the nofte remains ‘not for sale’ and held at the bank in trust. BoD is a
service which requires human interaction, because we don’t believe
everything in decentralised finance should be solely relied upon by
automated contracts.
Your peace of mind is our confidence.
Bank of Duck promise to pay the bearer on demand of every CROWN (crown) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every GUINEA (gee) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every SOVEREIGN (sov) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every MWI (bawbee) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every TICO (tico$) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every TRQ (celtic circle coin) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every RFC (rangers fan token) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
Bank of Duck promise to pay the bearer on demand of every GBP (pound) nofte in existence, the nominal amount of the value of each nofte in it’s respective confidential asset token.
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