We need to make it really easy for people to make their own “coins” on SAFENet.
We have already had a demonstration of a wallet with coins.
On launch we need to have SAfECoin ready, but we should probably have many other community coins, hopefully backing services on SAFENet so that people will find it easier to build their great money making coin ideas on the SAFEnetwork … instead of just cloning SAFEnetwork.
Decorum coin is one of them.
I’m hoping JAMS is one of many ‘comercial’ closed source killer app services that can’t be cloned. Let people clone the SAFENet – but if we have the JAMS, the githubs ---- all these ready and running. Why would anyone ever farm on a second rate scammy clone of SAFENet?
People are used to buying a gateway coin like bitcoin to access altcoins, I think with a fertile and entrepenour enabling environment like SAFEnetwork, people will buy SAfECoin to access altcoins on the SAFENet. SAfECoin will always be needed for core network operations, but I do see other coins (still holding out for gamerbits - LOL) created on the SAFEnetwork trading on exchanges. People just need to get in quick with their ideas in the SAFENet.
Creating coins doesn’t have to be a static event either, project could spring up and ‘mine’ altcoins.
Here’s one idea I just thought up.
Open Safe Maps
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Mapping streets is a difficult problem, at one point Google released a gameificated application that insentivised people to walk paths.
My coin, MapCoin, is a coin available on the SAFEnetwork. It is earned by a SAFENet powered app on your mobile, you earn MapCoin by walking GPS routes that are new or either confirmed. The exact algorithm is secret and runs on the networks compute. The algorithm ensures that routes that are seem more legitimate receive a payout.
MapCoin can be used to unlock further services on the application, step counts, advanced route finding, advert placement on the map for your business, and many more! MapCoin is tradable on many exchanges.
Don’t delay, download the MapCoin SAFEApp/Dapper today and start earning map coins.
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There… One plausible business model for a completely different coin running on SAFENet.
I’m sure there are many more coin ideas.