Smart contract allows to make ethers

H1N1

full member

Activity: 812

Merit: 100

Quote from: cookrevol623 on January 11, 2021, 06:08:36 AM

Quote from: makishart on January 10, 2021, 09:11:09 PM

Quote from: cookrevol623 on January 08, 2021, 02:37:33 PM

I mean create contract with logic that for seller this token will be have price 1*X eth, X > 1, and for buyer it will be 1 eth

From your logic and it seems like you wanna create a garbage token that will give advantage to the developers to farm the money and the buyers were being scammed caused by the price will be going down into the 1 ethereum. lol

Why don't 1*x for seller = 1*x for buyer? If you are wanna taking profit from selling your token and buyers will be loosing the value from your token and you're the same like scamming others.

No, developers should get money only from fee.
In my idea, the seller is not the owner of the contract. I mean the seller is the owner of the tokens who buyed and wants to sell them.

The logic is:
  1. Person A buys 1 token for 1 ETH.
  2. Person B want to buy 1 token for 1 ETH in the Person A.
  3. Person B will spend 1 ETH and will get 1 token
  4. Person A will get 1*X, X>1 ETH

Then Person A made a profit in X ETH, and Person B can make a profit when he will sell tokens

I know what you mean, person A will get 1 ETH back, plus X ETH as the profit, right ?
You can't create the X ETH from nowhere. Maybe you can change X ETH with X other token.
So, person A will get their 1 ETH + x amount of other token when the main token sold to person B, so the profit is in other token.

But with this concept of the project you explained, somebody can make multiple addresses and they just buying token between their own addresses to
get more profit, that is the loophole and you must find a way to prevent that.

devollito

full member

Activity: 560

Merit: 217

We are calling it wrapped ethereum. AAVE has did this, they have their own ethereum which pegged to real eth 1:1. We also have wrapped ethereum on binance smart chain ( binance ethereum ). It is not only use for TS says. It is used for trading on smart contract or smart contract for lending.

jeffrey402

newbie

Activity: 1

Merit: 0

I have an idea how to make it possible to earn Ether using smart contract.

Imagine a company that buys raw materials, produces some kind of goods from it and sells with extra charge. Then another company buys this product as a raw material, also produces the goods, also makes an extra charge and sells it to another company. And so on by chain, as it works in the real world.
The goal of the company will only in order to sell its own product to another company. And this another company needs to buy raw materials to produce goods, sell it and earn.

If you simplify this logic and convert it to the financial instrument, it can be implemented using a smart contract.

speedforce

full member

Activity: 758

Merit: 104

Quote from: cookrevol623 on January 11, 2021, 06:08:36 AM

Quote from: makishart on January 10, 2021, 09:11:09 PM

Quote from: cookrevol623 on January 08, 2021, 02:37:33 PM

I mean create contract with logic that for seller this token will be have price 1*X eth, X > 1, and for buyer it will be 1 eth

From your logic and it seems like you wanna create a garbage token that will give advantage to the developers to farm the money and the buyers were being scammed caused by the price will be going down into the 1 ethereum. lol

Why don't 1*x for seller = 1*x for buyer? If you are wanna taking profit from selling your token and buyers will be loosing the value from your token and you're the same like scamming others.

No, developers should get money only from fee.
In my idea, the seller is not the owner of the contract. I mean the seller is the owner of the tokens who buyed and wants to sell them.

The logic is:
1. Person A buys 1 token for 1 ETH.
2. Person B want to buy 1 token for 1 ETH in the Person A.
3. Person B will spend 1 ETH and will get 1 token
4. Person A will get 1*X, X>1 ETH

Then Person A made a profit in X ETH, and Person B can make a profit when he will sell tokens

Its not possible to do that, furthermore if "fee" means gas fee, then its goes to miner not to the developers of ethereum or smart contract. But maybe you can make an decentralized exchange smart contract which take somes fee from the users and send it to your wallet, but i dont know someone will interested in kind of that exchange unless you provide some benefits.

markus1285

newbie

Activity: 1

Merit: 0

It looks interesting, but how can seller sell 1 token and get 1*x eth if buyer pay only 1 eth?

cookrevol623

newbie

Activity: 7

Merit: 0

Quote from: makishart on January 10, 2021, 09:11:09 PM

Quote from: cookrevol623 on January 08, 2021, 02:37:33 PM

I mean create contract with logic that for seller this token will be have price 1*X eth, X > 1, and for buyer it will be 1 eth

From your logic and it seems like you wanna create a garbage token that will give advantage to the developers to farm the money and the buyers were being scammed caused by the price will be going down into the 1 ethereum. lol

Why don't 1*x for seller = 1*x for buyer? If you are wanna taking profit from selling your token and buyers will be loosing the value from your token and you're the same like scamming others.

No, developers should get money only from fee.
In my idea, the seller is not the owner of the contract. I mean the seller is the owner of the tokens who buyed and wants to sell them.

The logic is:
1. Person A buys 1 token for 1 ETH.
2. Person B want to buy 1 token for 1 ETH in the Person A.
3. Person B will spend 1 ETH and will get 1 token
4. Person A will get 1*X, X>1 ETH

Then Person A made a profit in X ETH, and Person B can make a profit when he will sell tokens

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: cookrevol623 on January 08, 2021, 02:37:33 PM

I mean create contract with logic that for seller this token will be have price 1*X eth, X > 1, and for buyer it will be 1 eth

From your logic and it seems like you wanna create a garbage token that will give advantage to the developers to farm the money and the buyers were being scammed caused by the price will be going down into the 1 ethereum. lol

Why don't 1*x for seller = 1*x for buyer? If you are wanna taking profit from selling your token and buyers will be loosing the value from your token and you're the same like scamming others.

cookrevol623

newbie

Activity: 7

Merit: 0

Quote from: amishmanish on January 09, 2021, 10:05:07 PM

When you say that the the smart contract should "earn" Ether, it essentially means that somebody putting ETH into the contract should get some ETH back when the token price increases.

Quote from: cookrevol623 on January 08, 2021, 02:22:35 PM

This is profit shouldnt be based on trading or holding.

amishmanish

legendary

Activity: 1904

Merit: 1159

Smart Contracts can be programmed to do almost anything. The ICOs were based on this simple exchange where you sent Eth and got back the ERC-20 token. When you say that the the smart contract should "earn" Ether, it essentially means that somebody putting ETH into the contract should get some ETH back when the token price increases.

That is the basic concept of several staking and yield farming projects which made a lot of rich people a lot of money in the past days. For this, you need the ERC-20 token to have some value. Unfortunately, there is no value to be found behind MOST of these projects. Affiliate marketing cannot be the answer instead of a long-lasting project that accrues value due to an actual use case. This is basically the holy grail of Smart contracts or DeFi.

cookrevol623

newbie

Activity: 7

Merit: 0

Quote from: Vod on January 09, 2021, 11:53:38 AM

Quote from: cookrevol623 on January 09, 2021, 06:32:19 AM

maybe someone has an idea how this should work, some kind of algorithm or logic?

it's putting the value into the token that is the hard part.

If I will put making money as a value into the token?

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: cookrevol623 on January 09, 2021, 06:32:19 AM

maybe someone has an idea how this should work, some kind of algorithm or logic?

The smart contract is easy - it's putting the value into the token that is the hard part.

I assume you'll want a cut of maybe 10-50%? What are you bringing to this project?

cookrevol623

newbie

Activity: 7

Merit: 0

maybe someone has an idea how this should work, some kind of algorithm or logic?

kramchers

full member

Activity: 854

Merit: 101

Quote from: cookrevol623 on January 08, 2021, 02:22:35 PM

It possible to create some smart contract earning ethers? In general it should be like investor sends eth and receives tokens that can to exchange or sell back at a profit. This is profit shouldnt be based on trading or holding.

It is very possible to create smart contract for us to earn ETH as long as you have your own utility token under
by ERC20, because without this utility token there is no chances for you to earn Ethereum, just simple as that dude.
But you can still make your own research regarding about this thing, Good day Wink

cookrevol623

newbie

Activity: 7

Merit: 0

It is possible to write an ERC20 token using Solidity

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: cookrevol623 on January 08, 2021, 02:37:33 PM

I mean create contract with logic that for seller this token will be have price 1*X eth, X > 1, and for buyer it will be 1 eth

Yes, that is possible. But you would need to create the token; how would you do that?

cookrevol623

newbie

Activity: 7

Merit: 0

I mean create contract with logic that for seller this token will be have price 1*X eth, X > 1, and for buyer it will be 1 eth

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: cookrevol623 on January 08, 2021, 02:22:35 PM

It possible to create some smart contract earning ethers? In general it should be like investor sends eth and receives tokens that can to exchange or sell back at a profit. This is profit shouldnt be based on trading or holding.

When you say "earn", do you mean increase in value?

Are you asking if you can create value in Ethereum just using smart contracts?

No.

cookrevol623

newbie

Activity: 7

Merit: 0

It possible to create some smart contract earning ethers? In general it should be like investor sends eth and receives tokens that can to exchange or sell back at a profit. This is profit shouldnt be based on trading or holding.

Topic: Smart contract allows to make ethers (Read 235 times)