Open Letter to Ethereum Dapps: Stop Using Arcade Tokens. Use Pure Mined Cryptocurrency
If you created an Ethereum App and it uses an Arcade Token for value transfer, this open letter is for you.
What is an Arcade Token? It is like a Dave and Busters card. Chuck E Cheese coins. Taco Bell points. Its just currency or ‘points’ made out of thin air, which started in the hands of a monarch and which are only useful in a small app.
Offenders: Propy, Golem, ZRX (0x Project), Raiden, OMG, Wax, Chainlink, Poly, Kyber, and MANY MANY more…
Why does your project need its own Arcade Token? Especially when it all started in your hands?
IT DOESNT! Admit it. You probably used it as a ‘fundraiser’ or a money grab. Your users are not going to want to switch into your own little arcade token to use your Dapp. They are going to want to use a fundamentally sound currency, such as a Pure Mined Proof of Work Currency. I know I know.. Bitcoin does not work in Ethereum.
Many people believe that there is no open trustless Pure Mined PoW Currency within Ethereum. Fortunately, they are wrong! There is an ERC20 currency built to be used in your DAPPs, in your Ethereum applications as the in-app currency. It is 100% trustless, not owned by any ‘monarch’ or manager or person, it is an Autonomous Smart Contract Token and it owns itself. It is non-managed and self-governing like Bitcoin. Nobody started with the tokens and there was no sale or airdrop.
This currency is called 0xBTC , 0x meaning ‘Ethereum’ and BTC meaning ‘bitcoin-like currency’.
0xBTC is a trustless pure mined currency running on Ethereum and it is perfect for your DAPPs as trustless money.
How can you be sure? Read the contract.
0xb6ed7644c69416d67b522e20bc294a9a9b405b31
Every single 0xBTC token has been and must be mined used SHA3 Proof of Work as a challenge in the Solidity Smart Contract. There are thousands of rigs mining this currency and there have been since March 2018. This ERC20 token works exactly like Bitcoin, so now you have a Bitcoin Analog (‘Satoshi Currency’) inside of Ethereum to use within your Dapp as trustless mined currency! Say goodbye to annoying Arcade Tokens, they were a bandaid that we no longer need.
Welcome to the future of Ethereum, so powerful, it has a true ‘Satoshi currency’ running inside of it.
