Putting CK on an ExchangeWe have started the process to put the Crypto Kingdom asset "CK" onto exchanges. The first step in this process is complete-The
CKGAME Counterparty asset has been created and is live on the blockchain. It has been locked, and the issuance is forever set to 10,496,263.
The accounts
ckgame and
ckburn are created and will be used to hold the ck withdrawn from the game (ckgame) and the ck purchased with dividends from ckgame's ck (ckburn).
The next step is to start the withdrawal process for those who wish to store CK outside of Crypto Kingdom (for potentially putting on an exchange). The process for this is to run the following command:
Then notify Luigi that you wish to withdraw that amount, and provide him your Counterparty address. As soon as he can, he will send the corresponding tokens to you outside of CK, and the CK you sent him will be locked up and unusable while the tokens exist outside of the game. The operator will charge a fair flat fee to cover tx fees, not exceeding 2x the Counterparty fee (can change based on conditions and demand).
Next, we need to contact exchanges until we find one or more that want to list the CKGAME token. I have already started talks with tux, but there are others out there to consider as well. It should be noted that 250,000,000 monerito has been raised by donations so far to fund the search for an exchange. We are hoping to list without needing to pay an exchange, but it may be necessary.
If you would like to donate, please send m to UFO (id #727). This is held by the king and should be considered secure.
Here's a reminder of the current system we've come up with for managing this in/out of the game:
- Create a CKGAME token in Counterparty with a number equivalent to the amount of CK in Crypto Kingdom (10,496,263).
- Appoint a depository manager in Crypto Kingdom who will hold a Counterparty account that contains all the CKGAME tokens.
- If a withdraw is requested, the player sends CK to the CKGAME account. At that point, the manager will withdraw the CKGAME token in Counterparty to the address provided.
- If a deposit is initiated, the manager will receive a deposit of CKGAME to their address and then verify with the player. Once verification is complete, the manager will GIVE CK [quantity] [player id].
- Dividends continue to work exactly the same. However, any CK -> CKGAME tokens that have been withdrawn will not be able to vote on CK matters or collect a dividend. Any CK held by the CKGAME account will receive a dividend which will then be used to buy CK on the Crypto Kingdom market. This CK will be given to the CKBURN account in-game, and the corresponding amount of CKGAME Counterparty token will be sent to the xcp burn address (1CKGAMEBURNiTALLxxxxxxxxxxxxeLDrH)