Using on:
www.startucati.one
www.coprosperity.world
HOWTO IOU
HOW IOUs CAN WORKS: Peer 2 peer obligations
HOW SOCIAL SERVICES, LIKE FIRE DEPOT CAN WORK IN IOUNOMICS: Obligations as Insurance
HOW TO DO STARTUPS IN IOUNOMICS
… And How to Use IOUtokens practically For…
For Freelancers - Iou Portfolio Token #Socialfi
For Students And Teachers #Learn2earn
Choosing a Blockchain, Choosing a Test Option (If Necessary)
Manual adding chains (for advanced users)
How to Transfer IOU to Someone
Some metaphorical approach
In 1951 Eric Frank Russell created a novel ". . . And Then There Were None" which brilliantly described ideas of IOU economy. You can enjoy the original, we just cited some here.
HOW IOUs CAN WORKS: Peer 2 peer obligations
“Now,” explained Baines, “you’ve done something for me. That means you’ve planted an ob on me. I don’t thank you for what you’ve done. There’s no need to. All I have to do is get rid of the ob.”
“Ob?”
“Obligation. Why use a long word when a short one is good enough? An obligation is an ob. I shift it this way: Seth Warburton, next door but one, has got half a dozen of my obs saddled on him. So I get rid of mine to you and relieve him of one of his to me by sending you around for a meal.” He scribbled briefly on a slip of paper. “Give him this.”
Harrison stared at it. In casual scrawl, it read, “Feed this bum. Jeff Baines.”
HOW SOCIAL SERVICES, LIKE FIRE DEPOT CAN WORK IN IOUNOMICS: Obligations as Insurance
“Just my lousy luck,” he informed the gaping Harrison. “The sweetest call of the year. A big brewery. The sooner they get there the bigger the obs they’ll plant on it.” He licked his lips at the thought, sat on a coil of canvas hose. “Oh, well, maybe it’s all for the good of my health.”
“Tell me something,” Harrison insisted. “How do you get a living?”
“There’s a heck of a question. You can see for yourself. I’m on the fire squad.”
“I know. What I mean is, who pays you?”
“Pays me?”
“Gives you money for all this.”
“You talk kind of peculiar. What is money?”
Harrison rubbed his cranium to assist the circulation of blood through the brain. What is money? Yeouw. He tried another angle.
“Supposing your wife needs a new coat, how does she get it?”
“Goes to a store saddled with fire-obs, of course. She kills one or two for them.”
“But what if no clothing store has had a fire?”
“You’re pretty ignorant, brother. Where in this world do you come from?” His ear bells swung as he studied the other a moment, then went on, “Almost all stores have fire-obs. If they’ve any sense, they allocate so many per month by way of insurance. They look ahead, just in case, see? They plant obs on us, in a way, so that when we rush to the rescue we’ve got to kill off a dollop of theirs before we can plant any new ones of our own. That stops us overdoing it and making hogs of ourselves. Sort of cuts down the stores’ liabilities. It makes sense, doesn’t it?”
HOW TO DO STARTUPS IN IOUNOMICS
...You start a farm. A handful of local folks help you build a house. They dump heavy obs on you. The carpenter wants farm produce for his family for the next couple of years. You give it, thus killing that ob. You continue giving it for a couple of extra years, thus planting an ob on him. First time you want fences mending, or some other suitable task doing, along he comes to kill that ob. And so with all the rest, including the people who supply your raw materials, your seeds and machinery, or do your trucking for you.”
“They won’t all want milk and potatoes,” Gleed pointed out.
“Don’t know what you mean by potatoes. Never heard of them.”
“How can I square up with someone who may be getting all the farm produce he wants from elsewhere?”
“Easy,” said Seth. “A tinsmith supplies you with several churns. He doesn’t want food. He’s getting all he needs from another source. His wife and three daughters are overweight and dieting. The mere thought of a load from your farm gives them the horrors.”
“Well?”
“But this tinsmith’s tailor, or his cobbler, have got obs on him which he hasn’t had the chance to kill. So he transfers them to you. As soon as you’re able, you give the tailor or cobbler what they need to satisfy the obs, thus doing the tinsmith’s killing along with your own.” He gave his usual half-smile, added,
“And everyone is happy.”
… And How to Use IOUtokens practically For…
For Startups - IOU/CN Token
IOU/CN token is a decentralized application in which the founder can issue his tokens - like IOUs - CN (convertible notes)[1] of the project, on the blockchain, of course. That is, all contributions to the project are fixed from the very beginning and the founder can pay them, for example, to designers, consultants, coaches. This allows startups to go through the "valley of death" with a significantly lower need for investment money, which, of course, increases the sustainability and survival of projects.
Then, when the project “ripens”, these tokens can be converted into real shares in the project, under a legal agreement, or redeemed from the “earliest” investors.
And since everything is transparent on the blockchain, the incoming investor immediately sees how much people have already invested in the project with their work.
IOU tokens are made compatible with regular Ethereum tokens, that is, they can be transferred, sold, and traded on the DEX exchange.
For Freelancers - Iou Portfolio Token #Socialfi
Freelancers can be struck, blocked for any reason and lose all their social capital:
-portfolios, ratings, connections.
IOUwers offers solution: IOUtoken as a decentralized portfolio. Freelancer can create their own IOU tokens as portfolios, and sell it to clients as “obligation for work”. After hi/she completed work, the client payoffs their IOU and rate the work.
Check www.iou.works for more.
For Students And Teachers #Learn2earn
Currently, there is no system that would link the business success of a graduate with the contribution made by the teacher during training.
Teachers have little interest in the success of their students.
Each student can issues his own IOU token - as record book, also, as personal share. It will become its business reputation token in the future.
Teachers, coaches accept the student's token as payment for training and write in the portfolio what he was taught so we got the student's record.
As IOUtoken is compatible with standard ERC20, means that teachers can sell these tokens (or HODL).
We can also program that the Student Token entitles a share of his income in the future. Voila! Now all teachers are interested in the success of the student - the rules of venture business work, and if one of the students becomes a billionaire, a certain percentage of his success will return to the teachers, literally.
This also removes the problem of money at the start of a career - students do not need to climb into a credit hole to get an education.
In IOUedutoken, employers, clients, suppliers accept its token and write reviews in the portfolio - this is how the student's "personal file" is formed.
For Came Guilds #play2earn
1.One or group of players wants to buy NFT of taught asset in game, but it too expensive
2. They issues IOUs, bounded with gaming accounts and stakes in Team token contract
3. next they stakes IOUGuild token for fundraising with loan interest or profit share
4. Investors buys teams IOUs and team got funds to buy NFT for earning
How to Issuing IOUtoken
Choosing a Blockchain, Choosing a Test Option (If Necessary)
On a PC: install the Metamask ethereum wallet extension in your browser: www.metamask.io . You can download the mobile version, but for beginners, it is better to use the Metamask browser extension, since the addition of blockchains is automated there. This is not the case in the mobile version and in other wallets.
If you do not plan to set up blockchains manually, proceed to choosing a blockchain.
Manual adding chains (for advanced users)
Also, you can use your favorite wallet, but dApp maybe can’t automatically select a working blockchain there, f.e. In Brave or Opera embedded wallets, or mobile wallets. This way you have to add a working chain manually in the wallet.
- For Harmony Chain:
- "chainName": "Harmony",
- "rpcUrls": "https://api.s0.t.hmny.io"
- "nativeCurrency": {
- "chainName": "Harmony",
- "symbol": "ONE",
- "decimals": 18
- "chainId": "0x63564c40",
- For MoonRiver this means:
- Chain Name: MoonRiver
- RPC URLS: https://rpc.api.moonriver.moonbeam.network
- ChainID: 1285
- Symbol: MOVR
- Block scanner "https://moonriver.moonscan.io/"
- For Polygon (Matic) this means:
- Chain Name: Polygon
- RPC URLS: https://polygon-rpc.com/
- ChainID: 137
- Symbol: MATIC
- Blockscanner : https://polygonscan.com/
- For Celo Mainnet this means:
- Chain Name: Celo Forno Mainnet
- RPC URLS: https://forno.celo.org
- ChainID: 42220
- Symbol: Celo
- For Binance Smart Chain Testnet
"chainName": "Binance Smart Chain Testnet",
"rpcUrls": "https://data-seed-prebsc-1-s1.binance.org:8545",
"nativeCurrency": {
"chainName": "Binance Chain Native Token",
"symbol": "tBNB",
"decimals": 18
},
"chainId": "0x61",
"blockExplorerUrls": [
"https://testnet.bscscan.com"
]
},
- For Mumbai Polygon testnet
"chainName": "Mumbai Polygon testnet",
"chainId": "0x13881",
"nativeCurrency": {
"chainName": "Mumbai Polygon testnet",
"name": "Mumbai Matic",
"symbol": "MUMAT",
"decimals": 18
},
"rpcUrls": [
https://rpc-mumbai.matic.today,
https://matic-mumbai.chainstacklabs.com,
https://rpc-mumbai.maticvigil.com,
https://matic-testnet-archive-rpc.bwarelabs.com
],
"blockExplorerUrls": [
"https://mumbai.polygonscan.com/"
]
Select chain
Enter the web address: www.iou.bz . You will see the main screen of the application:
Then, in the dApp, you can select the blockchain to work in the drop-down menu in the top banner in which you plan to issue IOU tokens.
Dapp works now on mainnets: Aurora, Moonriver, Polygon, HECO, Harmony, Celo.
There you can switch to the test blockchains Binance and Polygon (Mumbai) for issue free IOU tokens,
The application will prompt you to switch to the desired one. Agree.
If you have not configured these blockchains yet, you will be prompted to add them to Metamask, agree, this is not bad.
If you got a blank page, reload it in the browser.
If you have experience and want to issue tokens for sale, then you can proceed to the Issuing IOU / CN Receipt section. If you are a beginner and want to try test versions of tokens for free, read about test blockchains.
Test chains
The functionality of IOU tokens on them is similar, but they CANNOT be sold on the exchange later. Transferring tokens between testnet and mainnet is NOT WORKING at this time.
You can get FREE test tokens of the relevant blockchains for testing by going to the faucets from the link on the top banner and entering your address (copy it from your wallet).
- Request a test ethereum
3.1 go to the “Metamask” extension (click on the fox face)
3.2.click on the field under the account name (for example - Celo), like “0x11…. “ in the second line from the top - (if you changed the name during installation - then on it)
3.5. return to the browser, to the site “faucet” (faucet)
3.7. Paste the copied address into the line and click “Send me …”. Wait a few minutes until you see in your wallet that the test ethereums have arrived on your account (one request per day)
Now everything is ready!
Issuance of IOUtoken.
The issuance of a new token requires about 900,000 gas, slightly more than the issuance of an ERC20 token. (for test blockchains it is free, for real ones - about $0.2-0.5, depending on chain as of June 2022, prices may change).
We currently do not charge additional fees for issuing tokens, but we reserve the right to do this in the future.
On the main page of the IOU.BZ , on the button “Make/Edit YOUR” then - “Make New IOU”
then - “Make New IOU”
On the screen that opens:
Fill in here (with Latin symbols). The fields highlighted in red are filled in especially carefully, they can not be changed later!
- ERC20 token name (12 char): Name of the project token, freelancer, guild
- ERC20 token symbol (4 char): Token code (like an exchange ticket - ABCD)
- Your name, surname (up to 255 chr) Your name, surname
- Your profile in social networks - link to the portfolio, project website or founder's profile in social net , f.e. LinkedIn
- Description for IOU - here we write "convertible note" and the name of the project (can be changed later)
- Keywords for IOU (max is 5 keys, separated by comma) - keywords describing the project (can be changed later)
- Unit of measure for your product or service (f.e. hours) - (for startups HERE CAREFULLY) - cost 1 IOU CN (envelope notes) and discount for conversion into shares/repurchase (25%) - for example, 1000 rub, discount 30%.
On the next screen, fill in the geography and contact phone for contacting the IOU (not necessary, this data can be changed later)
- Click “Publish IOU”
- confirm the transaction in the wallet (the window will open automatically)
How to Transfer IOU to Someone
- In the main screen of the application, go to the second tab - Give IOU,
- select the one you need and click on it
- Next, you fill in:
5.1 “Ethereum address” field
- Ethereum address of the recipient - it is better to ask to send, copy and paste.
5.2 in the field “Number of given IOUs” the number of units of the denomination of the receipt specified in clause 8 when filling out.
5.3 for reason: - here you indicate what the receipt was issued for, for example “for marketing consultation”
- Next - click on Send IOU and confirm the transaction in the wallet (the window will open automatically)