[JV] Brickbat1 is starting a crypto token with predefined parameters. You are invited to the community with a chance to join the team.

Brickbat1

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The last few days, I have been free via a temp ban :) to really think through what it will take to successfully launch a token via crowdsourcing of talent through this forum. One of my realizations is that the initiator of the project has to lead and will of necessity be the sole custodian of several vital assets of such a project. Obviously, such a person needs to be trustworthy and "doxxed" to the community. I am trusting that I meet that basic requirement to initiate this project.

I will outline now, a template of what will in essence be the basis of a whitepaper for the token.

The token is expected to be safe store of value for its holders, that is designed grow as it is nurtured. Its is not wrapped with any cloak of some other noble objective. It is basically a wealth building token.

It will live as a smart contract on the Binance Smart Chain as it is desired to allow price inclusivity of all and sundry who desire to create wealth throught it.

It will be a deflationary reflection token with a total transaction fee that will be automatically split in the following order:

a. Liquidity pool 4%
b. Reward to holders 2%
c. Project initiator 0.2%
d. Maintenance and marketing 0.3%

Tokenomics
None of the dev team, including myself, shall have any pre-sale allocation. This is to mitigate the possibility of a rug pull on the community.

There shall be advertised manual token burns periodically to prop the tokens.To achieve this, I will maintain token ownership in trust for the community. I will not abuse this responsibility. Any future decisions on tokenomics shall be by vote here. So basically, 100% of tokens shall be split to ICO+Liquidity+Burns.

ICO
There shall be an Initial Coin Offering where every one will have an equal chance to buy into the project.

90% of the funds raised through the ICO when it is launched shall be plowed into provision of Liquidity on Pancakeswap where the token will be listed for trading after the ICO. The remaining 10% shall be split equally as payment to the team that will be selected through this JV.

Listing
Later on the roadmap, efforts will be made to list the token on Exchanges where deflationary tokens are allowed. One natural consequence of deflationary tokens is that not all A-list exchanges support their listing, howbeit, some do. I have considered this, but since the token is not going to live on its own PoW blockchain, I am convinced that to achieve value, the token needs to be deflationary.

How this project will Operate on BHW JV section
As we know, it is challenging to do such a thing on a forum. However, I have learnt that "its always impossible until it is done".
The project will select 4 members each, to be a part of department teams. I will also be a member of all teams in monitoring capacity. Anyone can indicate interest regardless of age on the forum or number of posts. However, I will require that anyone joining this, has no demonstrable conflict of interests with any other project - meaning you can not be a team member here and a team member on any similar project here. Its just not ideal, though I would have loved if it were otherwise, but I am constrained to add this. These teams will achieve the team goals at their own cost - please understand that indicating interest formally to join a team implies agreement, willingness and capacity to work in this manner. Selected teams will choose their team lead internally and the teams shall communicate in private message groups on the forum.

The required teams are:

1. Solidity Blockchain Developers for contract development
2. Website Design, Copywriting and Content Development, Graphic design (Memes inclusive)
3. SEO
4. Influencer Marketing
5. Social Media Marketing Reddit,Telegram,Twitter, Facebook etc

We will have 24 hours after this post to indicate a team you wish to join. To express interest in joining a team, You post a simple message saying "Interested in joining Team number X. You then give a space and make your pitch why you should be selected. Make it a good pitch with citable and/or verifiable evidence/links, because if there are many expressions of interest in your selected team, there will have to be a vote on the thread to narrow down team members to 4 each.

At the end of 24 hours, I will collate all entries and make a post listing all the entrants with links to their expression of interest post. Members will then vote by going to the post and liking it. Any like from a new member less than 1 week old shall not be counted. Likes before the vote will be counted for practicality sake. 24 hours after flagging of the vote. I will count the votes and announce the results in the same format as the initial vote post.If necessary, there may be extensions, but for the time being, this is the plan. Ties will be resolved by a time extension for voting on those affected by the tie.

Anyone desirous to suggest a name and tracker for the token can send me a pm. Name must not already be compromised. I will reserve the right to choose a name and register appropriately in whatever channels are necessary to establish the token image. This is necessary in order to be able to vest copyright without facing any issues later on for such a public project as this.

BASIC ROAD MAP

1 . Team Selection 3 days
2 . Team works 7 days
3 . ICO Launch + 0r - 2 days
4 . PancakeSwap availability from 14 days
5. Work towards, and eventual listing on supporting exchanges.

So this is the project plan. If there will be any changes, perhaps as the expert team is assembled and tweaks are suggested, it will be posted here .

Thank you for reading this long post.
 
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tigertigertiger

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So what is the real purpose of the token? Don't tell me store of value, because without purpose there is no reason to buy it and no function as a store of value.
It sounds like it's just another P&D coin without any sense.
Just my 2 cents
 

Brickbat1

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So what is the real purpose of the token? Don't tell me store of value, because without purpose there is no reason to buy it and no function as a store of value.
It sounds like it's just another P&D coin without any sense.
Just my 2 cents

I have thought long and hard on your observation and as I mentioned in the initial post, the plan can be altered if expert opinions consider it necessary. Here is what I think will make this token have a use case and therefore longevity.

1. Program into the contract to eliminate all fees after a fixed time (6 months? I year? Enough time to allow marketcap to grow). This will make the token acceptable for use for payments on the BSc as the default fee charged all Bsc transactions including that of BNB, is about $0.04. Pancakeswap fees of 0.25% will only apply when swapping out to BNB

So effectively, transaction fees for the token will be $0.04, ranking it at par with the 8th least expensive to transfer crypto (Litecoin) according to https://medium.com/nanocurrency/cry...which-crypto-has-the-lowest-fees-4e9118590e1f.

2. Locking the liquidity forever on Pancakeswap.

3. Burning all remaining tokens after ICO and setting up liquidity on Pancakeswap

4. Revoking ownership

With these, I see no reason why this token will not become trusted and certainly not a P &D?
 

Brickbat1

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Isn't this selling something outside market @BassTrackerBoats ?

If it is, @BassTrackerBoats, I will take it out. My consciense is clear, that I am trying to stay within the rules here. I have asked a Mod earlier to check if anything is off in my original post. Prior to that, a detected offending portion was removed by a mod before the post went live.
 

javabro

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If it is, @BassTrackerBoats, I will take it out. My consciense is clear, that I am trying to stay within the rules here. I have asked a Mod earlier to check if anything is off in my original post. Prior to that, a detected offending portion was removed by a mod before the post went live.
Im not so sure either.
Hopefully BTB or someone can clear this out.

You are asking for investment to add to pancake liquidity in exchange for tokens.
One can take it as selling outside market or taking investment in a JV. Both of wich are against the rules.

But maybe not. ;)

Good luck with your token launch.
 

Brickbat1

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Im not so sure either.
Hopefully BTB or someone can clear this out.

You are asking for investment to add to pancake liquidity in exchange for tokens.
One can take it as selling outside market or taking investment in a JV. Both of wich are against the rules.

But maybe not. ;)

Good luck with your token launch.

No, i am not asking for anything, I only laid out a step by step roadmap to create a viable token. All that i asked here is crowdsourcing of TALENT to achieve the roadmap.

On another note, I sincerely wonder what your motives are here, knowing you are involved with another similar project here?

Are you trying to get me banned by suggestion an unsolicited opinion?;)
 

javabro

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No, i am not asking for anything, I only laid out a step by step roadmap to create a viable token. All that i asked here is crowdsourcing of TALENT to achieve the roadmap.

On another note, I sincerely wonder what your motives are here, knowing you are involved with another similar project here?

Are you trying to get me banned by suggestion an unsolicited opinion?;)

LMAO

Yes that's exactly my motivation. To get people banned who break forum rules. I've been doing that over 5 years on this forum. So much so i was briefly an MIT on this forum.

Relax dude.

Honestly, I am on ur side. I just want some clarification that you aren't breaking any rules so i can do something similar that's been on my mind.
 

Brickbat1

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LMAO

Yes that's exactly my motivation. To get people banned who break forum rules. I've been doing that over 5 years on this forum. So much so i was briefly an MIT on this forum.

Relax dude.

Honestly, I am on ur side. I just want some clarification that you aren't breaking any rules so i can do something similar that's been on my mind.

Alright bro, that's nice to know. :). But I still think it would have been better as question via a private message to a mod without referencing me. But all good, we move forward.
 

Brickbat1

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So we now have a couple of people who have shown interest in the project. Already I am finding that a lot of things may need to change in my roadmap laid out on the first post.

Two people for each of Team 1 and Team 2 are required now and I think we can take it up from there.Team 3 and 4 can also take one person each. If you can join the team, now is the time. PM me if you want your interest to remain private (as the ones who have reached out have done).

One major thing I want to change from my first post is that team members will be included in the dev tax on transactions
 

Brickbat1

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So we now have just about enough in the team, need one more for Team 1. If you have something to offer in that space please pm me or post on the thread.
 
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