HODL Wallet Testnet Alpha now available!
https://www.unsinkable.io/hodl-wallet
wallet.unsinkable.io
Hello Galactic Talk,
Since May 2018, I have been developing a crowdfunding token distribution and tokenomic model that mathematically guarantees the ICO price is the lowest price an asset ever trades.
I am calling it The Unsinkable ICO Standard (TUIS).
TUIS is designed to protect the general public from predatory and/or deceptive ICO tokenomics like preferentially priced private sales and pre-ICOs, exit scams, bounty programs, and greedy token distributions. Also issuer incompetence.
In order to prove the efficacy of my model, I have decided to launch a token on the Stellar network – the first “Unsinkable” Investment-Buyback-in-Perpetuity DAICO (IBiPDAICO).
DAICO - https://cointelegraph.com/explained/what-is-a-daico-explained
The Unsinkable Project is currently in alpha phase. Ongoing:
- white paper peer review https://www.unsinkable.io/white-paper
- Stellar Smart Contract (SSC) dev for the HODL Wallet and The Unsinkable Token (UNSK)
https://theunsinkableproject.slack.com/messages/CBGU7ME94/
- https://www.Unsinkable.io dev and video content production
Why?
The general public and novice crypto investors have been misled into believing that the initial coin, or initial public offering is the lowest price – initial. However the reality is that most ICO projects currently offer significantly lower coin/token prices to large investors via private pre-sale or pre-ICO. The result is that most ICO assets trade below ICO price for weeks or even months after ICO and the smaller investors could have gotten a better price post-ICO.
The Unsinkable ICO Standard fixes this problem.
How?
The Investment-Buyback-in-Perpetuity DAICO, or IBiPDAICO, is my improvement on Vitalik Buterin's DAICO concept. An Unsinkable 100% IBiPDAICO offers a guarantee that anyone who wants to get their initial investment back, can - a money-back guarantee. Additionally, the ICO investors control the token issuer's access to crowdsourced funds by removing their coins/tokens from the circulating supply and temporarily forgoing their money-back guarantee - immutable HODLing. An asset stays Unsinkable by offering enough funds for token buyback at ICO price with immutable circulating supply management to mathematically ensure the asset can never trade below ICO price. Circulating supply never exceeds the amount of funds offered for buyback at ICO price.
TL : DR
Essentially, an Unsinkable IBiPDAICO is an ICO with a low-price and money-back guarantee where investors can grant issuer access to crowdsourced funds by HODLing. There's no promise of profit, maybe no one will want to buy it above ICO price after the ICO, but you can always get your investment back – assuming the buyback funds don't get stolen. The Unsinkable Project is seeking peer review. I greatly appreciate constructive criticism and feedback for improvement.
I am sure there are mistakes. Please help me correct them.
The Unsinkable Project Light Paper
https://docs.wixstatic.com/ugd/83a799_61feb69466624d9b8881c9b3db12f2b9.pdf
Excerpt:
Those who want to see crypto succeed and go mainstream wish to get rid of the scams and create a new standard of transparency. The Unsinkable ICO Standard (TUIS) provides token issuers a simple methodology for assuring the general public of transparent, low-risk, ICO tokenomics. The public has been led to believe the ICO price is the beginning, the lowest price. The INITIAL coin offering. The Unsinkable Project aims to make that true. The ICO price should be the lowest price an asset ever trades for, and Stellar Lumens (XLM) assets are perfect for deploying this standard. Stellar assets have a built in trading function. This allows the Stellar network itself to act as a decentralized exchange (dex) for assets on its “blockchain.” New assets are trade-able immediately for any other asset on the distributed ledger technology (DLT). The Stellar network also supports near instant confirmation times, negligible transaction costs, and thousands of transactions per second. An ICO can be performed on the Stellar website in 10 minutes with no coding experience for under $1. These qualities, along with being impervious to 51% attacks, make the Stellar network ideal for launching The Unsinkable Project. A Stellar asset could be the perfect solution for day to day crypto transactions, and prime to replace bitcoin as a store of value, if a trustless deflationary token ecosystem were introduced.
The Unsinkable Exchange
Unsinkable.io will eventually host a UI for interacting with the Stellar dex. This Unsinkable Exchange will only list coins/tokens that meet The Unsinkable ICO Standard. It will be open source. It will eventually feature gameified, social, and algorithmic trading – compete with and follow other traders, automatically copy successful traders, strategy creation and algo/bot marketplace. 1Broker, eToro, Binance, and Kryll.io inspired.
I believe that launching The Unsinkable Project on Stellar has the potential to create the largest decentralized, tokenized, trustworthy, global, free-trade marketplace ever conceived.
Crowdsource your future. Unsinkable.io
The Unsinkable Collective - “Crowdsource your Future”
Harnessing the collective genius of all mankind for the betterment of tomorrow.
The Unsinkable Collective – Make Crypto Beginner-friendly
Unsinkable.io (The Unsinkable Project) – Cryptocurrency Education, UNSK/PXT Utility
HODL Wallet – enable immutable Stellar asset HODLing and circulating supply “tap” control of crowdsourced funds for Unsinkable ICO investors using an encrypted AWS database and bridge server
UNSK – hyper-deflationary, volatile asset for active day traders, Unsinkable.io provides utility
Unsinkable Freelancer Marketplace – Help connect entrepreneurs and SSC devs, UNSK utility
“PXT” - “Stable,” beginner-friendly crypto asset
“Project X” Platform – Encourage micro lending, entrepreneurial financing, and Unsinkable ICOs on Stellar, PXT Utility
The best way to contact me is via Telegram - https://t.me/UnsinkableProject
https://t.me/joinchat/JDJ_zA8ta7D3EXQaZunepQ
I am also available at theunsinkableproject@protonmail.com
You can also message me on Stellar Public Slack
The Unsinkable Ecosystem – low price & money-back guaranteed ICOs! (2 min video)
https://youtu.be/Tifzrc0aKPY
I have an on-staff animator working for team allocation vested UNSK on many company videos. This is the first explanatory video for The Unsinkable Project. It is currently “unlisted” because I have not received a response from my email to trademark@stellar.org on 7-17-18 about using the Stellar mark. Hopefully this usage is acceptable. Please let me know what you think.
Thank you for your time and interest.
If you would like the user-friendly intro to The Unsinkable Ecosystem I recommend:
https://www.unsinkable.io/
https://www.unsinkable.io/quick-start-glossary
If you prefer a technical explanation I recommend:
The Unsinkable Project Light Paper v0.1.pdf
https://docs.wixstatic.com/ugd/83a799_61feb69466624d9b8881c9b3db12f2b9.pdf
https://www.unsinkable.io/white-paper
