BitShares Forum

Main => General Discussion => Topic started by: aaronfoster on April 30, 2017, 02:23:52 am

Title: Is this type of token possible on bitshares
Post by: aaronfoster on April 30, 2017, 02:23:52 am

Hi I'm launching a chain of Bitcoin ATMs and a P2P cash exchange in our mobile wallet on the first of June. I would like to know how easy it is do the following

1. I want to create a token that allows people to borrow the company money. This money will be used as liquidity on exchanges to fund the sale of Bitcoin to our end users
2. If it is possible to pay the holder of this token a dividend on every transaction the money the token holder has invested we carry out in real time
3. If I can make that same token redeemable For That original asset within 24 hours, giving us time to remove the assets from our working capital
4. How Easy this would be to setup  and offer these tokens directly on our site
5. How easy it would be to include support for the token in our wallet

If someone can contact me with some information and help I'd greatly appreciate it

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Title: Re: Is this type of token possible on bitshares
Post by: orlander on May 01, 2017, 07:18:18 am
1. you mean lend the company money?
2 and 3, BOTFUND.USD have those function. But longer period of time.
4 and 5, maybe you can ask botfund for help?
Title: Re: Is this type of token possible on bitshares
Post by: aaronfoster on May 01, 2017, 07:26:22 am
1. you mean lend the company money?
2 and 3, BOTFUND.USD have those function. But longer period of time.
4 and 5, maybe you can ask botfund for help?
I'm new to the bitshares platform. Can you put me in touch with them

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Title: Re: Is this type of token possible on bitshares
Post by: abit on May 01, 2017, 07:41:13 am
Some of the features aren't already on-chain. You need to develop your own application around your token.

With BitShares, it's easy to:
1. create a token
2. issue some amount of the token, to the issuer or others
3. destroy some amount of the token
4. sell the token
5. buy the token
6. send the token
7. move some amount of the token from a holder to the issuer
8. and a few other features you may or may not have interest

Others should be done by your own.
For example, dividends can be done with transfers.

How easy to do the integration and support, depends on your team. I can only say it's not very hard.