• General

  • Use-case for XLM in light of Stellars mission to help the poor.

Since I couldn't figure out if there is some sort of formatting options in here, I'll just link to the thread I posted on r/stellar yesterday which is probably easier to read since it's a long post.

https://www.reddit.com/r/Stellar/comments/7rjx7p/a_usecase_for_xlm_in_light_of_stellars_mission_to/

I would welcome any kind of constructive discussions or just your general thought about this idea I had.

If you have specific questions, I would like to point you towards our sub http://www.reddit.com/r/farmphille

This is my first post on GalacticTalk, if this doesn't fit here, let me know ?

Hi, I'm really enthusiastic about your post!

Actually, I'm working on a similar project; Although I would debate on the classical idea of enterprise development = helping the poors.

Anyway we have a lot in common and some fundamental divergences so I hope we'll be able to share around this in the future ?

    MisterTicot Although I would debate on the classical idea of enterprise development = helping the poors.

    There will be options to donate or use your tokens online for things that are not part of the usual farming business (like naming or adopting an animal). These funds would then be used to finance school supply, clothing etc for children with less fortunate backgrounds.

    An example: A user wants to adopt a pig. The user has to pay the amount the pig would have brought for the farm if sold -> this goes to the farm as usual income/compensation. Additional, the user would have to pay for housing of the pig and feeds since these are cost factors for the farm that wouldn't occur otherwise. Users could outbid each other and everything above the fix price would be part of the donation fund.

    If a user wants to name an animal (bidding process), the proceeds would completely go to the donation fund since this is intangible and not part of the usual farm business.

      Hm I start to get it.
      Now what's the link with the value of land please?
      You said the token is backed by squeeze letters isn't it?

        Ok let's see if I understand:

        Token are backed by the value of square meter.
        They would be bought by investors and offer dividend depending of your farmers activity.
        The money raised would help you develop economically and as a consequence push up the value of the token.
        This would open the possibilities of new jobs for local people's.
        On top of that, a program would allow to make side money for charity.

        I guess you told about locals being able to get the token, so I wonder about how you imagine this?

          MisterTicot Now what's the link with the value of land please?
          You said the token is backed by squeeze letters isn't it?

          I don't know what 'squeeze letters' are, maybe you mean the 'Transfer Certificate of Title' which proves ownership of the land in question. As this was more of a test-balloon to get some first feedback, none of this is available online yet.

          MisterTicot Token are backed by the value of square meter.

          Kind of, not 1:1 though as the development of the land will increase it's value and this will be estimated into the price per token.

          They would be bought by investors and offer dividend depending of your farmers activity.
          The money raised would help you develop economically and as a consequence push up the value of the token.
          This would open the possibilities of new jobs for local people's.
          On top of that, a program would allow to make side money for charity.

          Yes to all of this

          I guess you told about locals being able to get the token, so I wonder about how you imagine this?

          No, that was a suggestion by someone else to pay users with the token that they can exchange for goods the farm produces. I don't think the government would like the idea of someone introducing a rivaling currency to their FIAT though.

              Ok I think that's interesting.

              I'm also planning about a token backed by land value.

              It would pay for permaculture/yoga formations and pay the coworkers aswell.

              That's why your post grabbed my attention.

              In my scheme land value is here as a safety net in case the project fail: then the place is sold and everybody is refund.

              I mean, nobody wants to fail but I really want to have a nice exit door for everybody if it goes wrong.

                MisterTicot I mean, nobody wants to fail but I really want to have a nice exit door for everybody if it goes wrong.

                I was thinking about setting up a wallet with personal XLM in case the whole project defaults to reimburse tokenholders, we'll see though. Still early.