just an update I think I found the best source of info: the FAQ they put out on it… duh https://docs.binance.org/faq.html so reading this here’s some key info
1: token creation is not free but its like you just pay some miner fee and then get your new asset so its prolly not that much. Doesn’t say in there exactly how much though.
2: there is actually no hard coded interchain bridge. The ones that migrate to this chain they handle manually. This sounds like a place and time they might be like um I could use 100 grand lol
There is still that solution I proposed earlier where the dev team acts as the party that facilitates the swap. Either they could burn some of thier pile and issue that many tokens. Or set up some kind of automated system where you burn some bitcoin-MAID and then they create that many new tokens on the binnance chain and send them to you. Heck start with a manual one. Chances are at first it will be like 50 people from this forum that want to do it lol. If it grows into a big market then invest in setting up an automated teller for swaping bitcoin MAID into binnance MAID
edit digging a bit deeper here https://docs.binance.org/trading-spec.html
issue asset costs 400 BNB X 25 dollar current price is 10 000 dollars errr this might be a problem. Hope that doesn’t kill the whole thing. Maybe if we wait a bit for the hype to die down BNB will be cheaper. Also minting more costs friggin 200 BNB so it would not be worth it to mint a million small amounts every time someone wants to convert 20 dollars worth of MAID.
Still thinking there might be creative solutions. Like what about a “crowdsale” where for like 1.01 bitcoin MAID you get 1 binnace MAID, with the extra 0.01 getting liquidated on polo or wherever to cover these fees. maybe think a little harder on the numbers. Might have to be more like 1.05 to get to 10k but if its too high ppl be like no thanks not trading more MAID for that much less MAID just to be on a DEX. This would solve the problem of minting more because that simply would not happen unless we did another major crowd sale. Its either get to 10k so we can list this puppy or refund by some date so it will be one big blob all at once or nothing.