Croin – Token with intrinsic credit generation, and potential DAO for Boolean output

TRON Hackathon Hackathon Season 7
21

Thank you :slightly_smiling_face: for your words.

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22

Thanks.

The token would be distributed through ICO or IEO. I will update you once it is concluded and we reach to whitepaper. There will be around 20% immediate incentive for staking our coins against any stablecoin in a liquidity pool. Additionally there few other measures which shall incentivize the staking of CR.

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23

Welcome to Hackathon Season 7, after a careful read of your project submission I see this aims to create a generic tool for web3 that provides a Boolean output based on user inputs. How are trustees selected, and how is their behavior incentivized or penalized to ensure honest outcomes?

24

Thanks.
Trustees are selected based on two essential capabilities: Perfect understanding of English and Excellent logical reasoning. Additional skill of surfing on public information is desired but not mandatory (as the debitor is expected to offer the information in order to convince).

For each credit settled, 80% of the fee incurred is transferred to the trustees those voted for decision (i.e. majority). If voted wrong (i.e. minority), trustee gets no share in the fee and also spends the transaction fees from pocket.
FYI: Apart from trustees, there is another user role: Ticker who gets 14% of the fee.

25

Thank you for your reply to me, I am wondering if there is going to be a percentage of your token that will be set aside for airdropping

26

The trustee selection process for Croin offers an interesting approach, relying on English proficiency and logical reasoning to ensure decisions are sound.
If the Ticker role is less critical than that of the trustees, why is such a significant portion of the fee allocated to them? Clarifying the role of the Ticker and ensuring that the fee distribution is proportional to the work and responsibility involved might enhance the system’s fairness.

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27

Yes, there will be airdrop. We anticipate to distribute max 10% of tokens through airdrop.

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28

Actually ticker activities cost very high gas. Hence their share is high to reward against the excessive transaction fees. Still, 14% seems too high as it goes to single person. Such fee settlement ratio is variable and can be changed in resp1onse to the community feedback.

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29

Can these trustees be hold accountable for their decisions, especially if a majority decision leads to an incorrect outcome?

Again, what criteria do you consider in selecting these trustee, and what measures are in place to ensure their reliability and expertise?

30

The dApp asks rationale for each vote by the trustee. Thus routine checks would happen for inappropriate rationale for the votes. Our fundamental assumption is of English language & general reasoning, hence most of the trustees should not fail if their number is sufficiently large. Thus our intention is to increase trustees in number such that majority of them will lead to incorrect decision only if there is flaw in terms (i.e. English or logic).

Minimum criteria is excellence in English & reasoning. Further, specific expertise is considered for assigning to a specific ballotin. We deem to have tens of ballotins where each ballotin has some specialty.

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31

Thank you for the clarification regarding the Ticker’s role and the associated transaction fees, your openness to adjusting the fee settlement ratio based on community feedback is a positive step toward creating a more adaptable and fair system.
How often do you anticipate reviewing the fee structure?

32

For first ~1000 credits, the feedback on fee structure will be actively monitored and the changes would happen ~10 times. We think the structure would get optimum by 1000 credits. Thus onwards the review shall be done once in a year

33

Thank you for this detailed explanation, it is nice to see how you plan to bring trade financing to the blockchain with a decentralized approach using trustees. Through using trustees to ensure the security of trades, I will want to know;

  1. What criteria do you use to ensure that the trustees remain neutral and reliable?
  2. You mentioned that trustees who voted with the majority get equal share of the fee. Can you explain how the fees are calculated, and what percentage of the credit value is allocated to trustee rewards?
  3. In cases where there is a dispute regarding whether the terms of credit have been met, how will the system handle such disagreements among the trustees?
34

Hi, please find the responses as below

  1. While submitting a vote, each trustee is needed to submit a rationale for vote, based on there terms & subsequent messages. Further, trustees and creditor/debitor remain anonymous to each other. This ensures neutrality & reliability of trustees.
  2. Fee is 0.05% of the credit amount or 40 CR, whichever is higher.
  3. Each trustee votes separately without concern of other trustees. Then the decision of majority is concluded.
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35

It is good to hear because everybody like a good airdrop

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36

Thank you for this answers

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37

Hey, Good to see you are building on Tron, I like the project. I was testing the dapp, the waiting for Tronlink button seems un responsive ( I have logged in to tronlink and switched to Nile testnet), any idea?

2 Likes
38

Hi, thanks for checking it out. The dApp works on desktop, thus you are needed to have installed the Tronlink extension.

If you are on desktop browser and Tronlink is installed & logged in, please ensure followings:

  • Your Tronlink is unlocked.
  • The browser does not blocks pop ups.

Please let me know if the issue persists.

1 Like
39

Idea of the project is promising. I just couldn’t connect my TronLink wallet to your app, confirmation didn’t come. Check the situation per favor

40

Thank you. The Dapp works in desktop browser only. Please ensure following.

  • Your Tronlink is installed as the browser extension, and unlocked.
  • The browser does not blocks pop ups.

Please let me know if you still not able to login.

2 Likes