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RE: The Tribe of Neoxian

in #steemleo5 years ago

Pretty cool Neox... listen, if you don't mind me sharing.

I perfect use case for your token could be in your lending practices. You could use it as a qualifier for someone to even get a loan.

If you allow me to explain it a bit further. You could use the tokens as follows:

X user wants to get 100 USD from the Neoxian bank. He contacts Neoxian to negotiate.

Depending on the staked Neoxian tokens, the user has, the bank will calculate the APR. This of course, is yet to be determined, but ideally the curve would look somewhat like this.

neox apr.jpg

This would lock up funds, which is good for the tokenomics, since they would have to powerdown for a full month to liquidate. But, since you would still hold the keys, you would also have an extra collateral if they default on their loan.

So, the incentive is clear. A customer of the bank wants better rates, cheaper loans, well.... he must powerup some Neox tokens.

I'm already thinking of new ideas for the token, but this should be good to get the utility aspect of your token started.