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Topic: Introducing Random Token Exchange (RTE) (Read 130 times)

hero member
Activity: 976
Merit: 1002
Bitcoinmeetups.org
August 27, 2019, 05:43:41 AM
#2
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hero member
Activity: 976
Merit: 1002
Bitcoinmeetups.org
August 27, 2019, 05:43:15 AM
#1
Disclaimer: This is an experimental service. I am not making any promises that this will work as intended. This service could change or be discontinued at any time without prior warning. For educational purposes only. By participating you confirm that you are testing this service for educational purposes only.

Terms of service:

You are not allowed to send a token that is associated with violence, hate, racism, adult or drugs in any way shape or form. If you do you will be banned from participating in this service and you will not receive any tokens in return.

Introducing Random Token Exchange (RTE)

What problem does it solve?

1. Participating in airdrops is sometimes boring and takes a lot of time for bounty hunters.
2. There should be an easier way for token issuers to distribute tokens.
3. Price discovery for new tokens is difficult. How do you valuate two new tokens that are trading against each other for the first time?

Solution. How does Random Token Exchange (RTE) work?

1. User sends any token, any amount to this ETH address:

0x6b49C1ba885e9cc7e5623BeDfcDf08F83F83CF57

2. User sends 2 Gwei worth of ETH to the same address (This is to cover my transaction fees).

3. User waits and receives within 1-24 hours a random amount of another user's tokens. (If I'm home and working I will try to distribute within 1 hours but if I'm sleeping or away it could take up to 24 hours).

At the moment I will charge a 5% fee for managing this service.

Bmeet

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