Approved Tech TradeCoin, Unlimited™

[Credit Wizard]

TradeCoin, Unlimited(™)​

OUT OF CHARACTER INFORMATION

• Intent: To create a new cryptocurrency for future narratives and diversify the economic roleplay on chaos
• Image Source: Commodity Money | Onderon Arc
• Canon Link: Not Applicable
• Permissions: Gat Tambor Permissions
• Primary Source:
  • Galactic Standard Credit
  • Galactic Standard Credit | Chaos Variant
  • Aurodium Standard
  • Trade Federation Standardized Credit
  • AvCoin 1.0 | Blockchain
  • Outer Rim Duggot

PRODUCTION INFORMATION

• Manufacturer:
  • The Trade Federation | 900 ABY |
    
    • The InterGalactic Banking Clan | Financial Contribution
    • AvCorp™ | Blockchain Set-Up Assistance
    • Technoid Manufactorum | AI Contribution
• Affiliation:
  • The Trade Federation | 900 ABY |
  • Open-Market
• Market Status: Open-Market
• Model: TradeCoin, Unlimited
• Modularity: No.
• Production: Mass-Produced
• Material: None, totally digital.

SPECIAL FEATURES

• Automated accounts and holdings systems
• Automatic electronic verifications without the need of a third-party.
• Append-only data structure, making transaction history and info extremely secure.
  
  • Chronological data stamping across the blockchain.
  • Omni-node ledger data distribution.
• Various consensus protocols, nearly removing the risk of duplicate entry or fraud.
• Small Form Factor to facilitate large-scale system expansion.
• Regulated Blockchain IDs with active databasing.
• Rotation and retirement of Blockchain IDs after a set term.
• Unique Barcodes directly linked to database ID.
• Encrypted transfer though a blockchain for safe, fraud-protected, and hard-to-trace transactions
• Peer-to-peer with no third party involvement required
• DB-SR01x Powerslave + 'Tempest' AI powered protocols
  
  • Quad Photonic Neural Chipset Backup
• Aurodium, Cortosis and Durasteel Standard
• 'Mineable' (in the vein of real-life cryptos)

STRENGTHS

• Trade Federation™ Blockchain:
  • The TradeCoin Blockchain secures information about transactions and transfers to avoid fraud and keep both parties' information safe from unwanted intrusions.
• Triple Standard:
  • TradeCoin is supported by Aurodium, Cortosis, and Durasteel in order to provide a tangible foundation and value to a currency that is inherently intangible. The selection of these materials was based on their widespread utilization across the galaxy.
• Inflation Protection:
  
  • TradeCoin has a hard cap on the whole number of coins that will ever be minted. For example, as the growth of the credit supply overtakes the growth in the supply of TradeCoin, the price of TradeCoin shall increase.

WEAKNESSES

• Lack of Regulation:
  
  • TradeCoin has little to no regulations, meaning there may be rampant fraud, scams, and economic exploitation. Individuals or factions could manipulate the system for illicit gain, creating a black market or deepening the divide between the social elite and the poor on multiple planets.
• Technological Barriers:
  • TradeCoin relies on high functioning infrastructure, which is simply unsustainable on a majority of the planets within the galaxy. This deficiency may result in technological elitism and unequal trade and commerce with planetary administrations.

DESCRIPTION

Amidst the ongoing conflicts spanning the galaxy, such as the Core War and the Sith-Alliance Conflict, the galactic economy faces significant strain. Planetary economies and galactic supply chains are becoming more dependent on the unpredictable actions of minor lords and warmongers within the major factions.

To prevent a further escalation of this crisis, it was deemed crucial to introduce a currency that is not tied to the financial systems of the dominant factions such as the Galactic Alliance or the Sith Order. This move aimed to bring stability to prices and restore public trust in the resilience of their finances.

TradeCoin, Unlimited™ was developed by the Trade Federation of Planets as a potential solution to the existing problem. It adopts the cryptocurrency framework of AvCoin 1.0, which remains favored by various independent systems and criminal syndicates despite its limitations.

TradeCoin is positioned as a promising replacement for AvCoin 1.0, as it is supported by a triple standard that enables a wider range of systems to utilize the currency, thanks to the prevalent availability of Durasteel and Cortosis materials within the galactic market. Despite being highly unregulated and posing challenges for governments in terms of preventing widespread criminal activities involving the currency, it also demands a sophisticated infrastructure to fully leverage its potential.

 

[MANIAC]

Credit Wizard

Love it! I found only one problem, the "Powerslave AI" is a blank link, I would like to ask you to edit it.

 

[Credit Wizard]

Credit Wizard

Love it! I found only one problem, the "Powerslave AI" is a blank link, I would like to ask you to edit it.

Fixed Per Request

 

[MANIAC]

Credit Wizard

Thank you!

Approved.