Vanessa Jane

Vanessa Jane

1617607264

Building Your TRC-721 Token - A Detailed Guide

“TRON has released the information regarding the new TRC-721 token development and NFT standard. It contains technical supporting documents of TRONs NFT and has created wide opportunities for the platform to be built on TRON blockchain.”

The TRC-721 is a standard interface that provides NFTs in the TRON network, and it is compatible with ERC-721, a standard that creates NFT on the Ethereum blockchain. The NFTs issued on the TRON blockchain, processed by extension of the TRON link in chrome and require a minimum balance of 350 TRX in the account to give NFTs. Customization of the name and symbol of users in the token is possible when it is issued.

The TRON is a new concept of NFT standard for TRC-721, derived from the crypto blockchain project. The TRC-721 holds a unique identity and enables to move collectibles with the same value without any changes. Creating TRC-721 token standards will replicate the same as tangible assets in the real world. The TRC-721 holder gains ownership of the token and has privacy control over their data from a hack or vulnerable activities.

Read more - https://medium.com/security-token-offering/how-to-create-a-trc-721-token-beginners-guide-8d6a4eebd2e1

What is GEEK

Buddha Community

Building Your TRC-721 Token - A Detailed Guide

chris morris

1627478679

Nice one mate. I would like to add up few lines regarding the Non-fungible token creation.
 

If you are an entrepreneur who wants to raise funds by launching an ICO, you may have to create TRC20 tokens in the TRON Blockchain. Tron token standard TRC20 tokens are fungible. They can be easily exchanged with other TRC20 tokens in the ecosystem. Also, TRC20 tokens are divisible and possess equal values. Opposite to the TRC20 token standard, Tron has now launched a non-fungible token (NFT) standard TRC721. 

The functions are quite similar to the TRC20 tokens. But they are non-fungible token standards. Unlike the TRC20 token standard, they'll have unique values and are indivisible.


If you wanna know about Non-fungible tokens and how to create them? check out this blog on How to create TRC721 tokens?. it will help you from the "TRC" basics to launching NFT tokens for your business.


Just remember one thing, you don't have to be a crypto nerd to understand these token concepts. They are just technical token standards created for various purposes. if you have identified the proper token standard, you can ease the business execution without any hassle.


Happy entrepreneurship : )

Words Counted: A Ruby Natural Language Processor.

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Are you using WordsCounted to do something interesting? Please tell me about it.

 

Demo

Visit this website for one example of what you can do with WordsCounted.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license

#ruby  #ruby-on-rails 

Royce  Reinger

Royce Reinger

1658068560

WordsCounted: A Ruby Natural Language Processor

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Are you using WordsCounted to do something interesting? Please tell me about it.

Gem Version 

RubyDoc documentation.

Demo

Visit this website for one example of what you can do with WordsCounted.


Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted 
License: MIT license

#ruby #nlp 

Mark Anderson

Mark Anderson

1616568076

Ethereum Token Development build a revenue generating crypto business

The Blockchain App Factory is a leading industry with Ethereum Token development platform that offers services like Token creation, Token migration, Token Listing, Secured Storage, ICO development, ERC token wallet. They also build and generate Ethereum tokens such as ERC 20, ERC 721, ERC 777.

#erc token development #ethereum token development company #ethereum token development services #ethereum(erc) token development services #erc 20 development #erc 721 development

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

What is BUILD Finance (BUILD) | What is BUILD Finance token | What is BUILD token

BUILD Finance DAO

The document is non-binding. Some information may be outdated as we keep evolving.

BUILD Philosophy

BUILD Finance is a decentralised autonomous venture builder, owned and controlled by the community. BUILD Finance produces, funds, and manages community-owned DeFi products.

There are five core activities in which the venture BUILDers engage:

  1. Identifying business ideas,
  2. Organising teams,
  3. Sourcing capital,
  4. Helping govern the product entities, and
  5. Providing shared services.

BUILD operates a shared capabilities model, where the DAO provides the backbone support and ensures inter-entity synergies so that the product companies can focus on their own outcomes.

BUILD takes care of all organisational, hiring, back/mid office functions, and the product companies focus on what they can do best, until such time where any individual product outgrows the DAO and becomes fully self-sustainable. At that point, the chick is strong enough to leave the nest and live its own life. The survival of the fittest. No product entity is held within DAO by force.

Along the way, BUILD utilises the investment banking model, which, in its essence, is a process of creating assets, gearing them up, and then flipping them into a fund or setting them as income-generating business systems, all this while taking fees along the way at each step. BUILD heavily focuses on integrating each asset/product with each other to boost productive yield and revenues. For example, BUILD’s OTC Market may be integrated with Metric Exchange to connect the liquidity pools with the trading traffic. The net result – pure synergy that benefits each party involved, acting in a self-reinforcing manner.

El Espíritu de la Colmena (The Spirit of the Beehive)

BUILD is a hive and is always alive. While some members may appear more active than others, there’s no central source of control or “core teams” as such. BUILD is work in progress where everyone is encouraged to contribute.

Following the natural free market forces, BUILD only works on those products that members are wanting to work on themselves and that they believe have economic value. Effectively, every builder is also a user of BUILD’s products. We are DeFi users that fill the gaps in the ecosystem. Any member can contribute from both purely altruistic or ultra-mercantile intentions – it’s up to the wider community to decide what is deemed valuable and what product to support. The BUILD community is a sovereign individual that votes with their money and feet.

BUILD members = BUILD users. It’s that simple.

$BUILD TOKEN

Tokenomics

$BUILD token is used as a governance token for the DAO. It also represents a pro-rata claim of ownership on all DAO’s assets and liabilities (e.g. BUILD Treasury and $bCRED debt token).

The token was distributed via liquidity mining with no pre-sale and zero founder/private allocation. The farming event lasted for 7 days around mid-Sep 2020. At the time, BUILD didn’t have any products and held no value. Arguably, $BUILD has still zero value as it is not a legal instrument and does not guarantee or promise any returns to anyone. See the launch announcement here https://medium.com/@BUILD_Finance/announcing-build-finance-dc08df585e57​

Initial supply was 100,000 $BUILD with 100% distributed via fair launch. Subsequently, the DAO unanimously voted to approve minting of extra 30,000 $BUILD and allocate them as:

  • 15,000 $BUILD (11.5%) to the founding member of the DAO (@0xdev0) with 1-year gradual vesting, and
  • 15,000 $BUILD (11.5%) to the DAO treasury as development funds.

For the proposal of the above see: https://forum.letsbuild.finance/t/proposal-2-fund-the-development-of-defi-lending-platform/24​

The voting took place at a later retired web-page https://vote.letsbuild.finance. The governance has since moved to Snapshot (link below). The results of the old proposals are not visible there, however, on-chain voting contract can be see here: https://etherscan.io/address/0xa8621477645f76b06a41c9393ddaf79ddee63daf#readContract​

$Build Token Repartition

Vesting Schedule

Minting keys are not burnt = $BUILD supply is not fixed as token holders can vote on minting new tokens for specific reasons determined by the token holders. For example, the DAO may mint additional tokens to incentivise usage of its products, which would, in turn, increase the value flow or TVL. Dilution is not in the economic benefit of the token holders, hence any such events has to be considered carefully.

Access to minting function is available via on-chain governance. A safe buffer is established in a form of the contract-enforced 24 hour delay, which should provide a sufficient time for the community to flag. Meaning that before such a transaction could be executed, everyone would be able to act in advance by withdrawing their funds / exiting from BUILD. Any malicious minting would, theoretically, result in an immediate market sell-off of $BUILD, making it economically detrimental to do such an action. This makes it highly improbable that any malicious minting would be performed_._

GOVERNANCE

All components of the BUILD DAO and the control over its have been decentralised:

  • All contracts (incl. the Treasury and Basis Gold) can be operated by $BUILD holders with on-chain proposals (see https://docs.build.finance/build-knowledge-base/on-chain-voting);
  • All social accounts (Discord, Telegram, and Twitter) are managed by multiple moderators;
  • All frontends (Metric Exchange, Basis Gold, and the BUILD homepage) are auto-deployed and managed by multiple devs.

TREASURY & DEVELOPMENT

BUILD DAO Treasury

The BUILD treasury has over $400k that can be managed by on-chain proposals and used in whichever way the community desires. For example, to hire developers. Having a functioning product, enough funds in the treasury and a fully decentralised governance has been a long-term goal since the inception in September 2020, and now it’s finally here.

Current holdings are (might be outdated):

  • Capital budget (dev / incentives fund) - 11,025 $BUILD (~$94k);
  • Operational budget (product development) - 204,300 $aDAI;
  • Ownership stake - 200,000 $METRIC (~$84k);
  • Ownership stake - 199,900 $UPDOWN(~$62k);
  • Ownership stake - 5,400 $HYPE (~$1.3k);
  • Ownership stake - 2% of $BSGS supply.
  • TOTAL: ~$445k

Funding of the Development

In an early stage, the development will be funded by an allocation of bCRED debt tokens for development expenses. After the first product was built (i.e. Metric Exchange), the DAO sold 5,000 $BUILD for 203,849 $DAI which will now be used for funding of other products or a combination of revenue + a smaller token allocation. This is up to the community to decide.

Smart Contract Audit

Contracts are not audited. It’s up to the BUILD community governance to decide how to spend our funds. If the community wants to spend any amount for auditing, a voting proposal can be initiated. As with any decisions and proposals, the cost-benefit analysis must be employed in regards to the economical sense of spending any funds on audit vs developing more products and expanding our revenue streams.

DAO Liabilities and $bCRED

$bCRED is a token that allowed the DAO to reward members for work before the DAO source sufficient funds. Effectively, $bCRED is a promissory note or an IOU to give back $DAI at 1:1 ratio, when the DAO starts generating revenues. Read more about $bCRED here: https://medium.com/@BUILD_Finance/what-is-bcred-b97e4cc75f8c.

“BUILDER” User Role in Discord

Since Discord is our primary coordination mechanism, we need to make effort to keep it focused on producing value. During the launch of METRIC, we’ve doubled our total number of users! This made it very difficult for existing users to explain what BUILD is about to new users and created a lot of confusion.

To help improve the quality of conversations, we’ve introduced a new user role called BUILDer. BUILDers will have write-access to product development channels while everyone else will only be able to read them. This should keep those product changes focused on actual productive conversations and make them more informative.

“GUARDIAN” Role in Discord

To increase our collective output as a community, a governance vote introduced an incentivisation mechanism for community contribution, tipping, and other small projects using our unique bCRED token (but may change in the future as required). These tokens are stewarded by active community members — “guardians’’ — who are free to allocate these funds to tip people for proactive work. Current guardians are @Son of Ishtar and @0xdev0, although anyone can propose the tip for anyone else. For more details see Proposal #15.

Hence, Guardians are defined as members of the DAO who are entrusted with a community budget for tipping other members for performing various small tasks.

PRODUCT SUITE & ROADMAP

  • Metric Exchange - is a DEX aggregator that allows for limit orders trading for any ERC-20 token via 0x relayer. Development continues with the product owner SHA_2048 and inputs from vfat. Live at metric.exchange.
  • Basis Gold - a synthetic, algorythmically-adjusted token pegged to the price of gold (sXAU) with elastic supply. Live at https://basis.gold/.
  • Updown Finance - binary options for volatility trading instrument (alpha is live at updown.finance).
  • Vortex - a lending & borrowing platform, which will target the long tail of assets that are currently not served by the existing DeFi money markets. Aiming to launch by March’2021.

The other immediate focus right now will be to make good use of our newly available funding and hire several product managers for other projects.

Please note that nothing is here set in stone. Just like any other start-up, we’ll keep experimenting, learning, and evolving. What’s listed here is just our current trajectory but it might change at any point.

SOCIAL MEDIA

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Thank you for reading!

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