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Using the testnet to raise funds for further development.
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I set up market 7 as an example for a contract to raise funds for public goods. It is raising money to pay for the creation of a web wallet for amoveo, so users don't have to install anything. http://146.185.142.103:8080/explorer.html

This market is only 1 half of the full fundraising contract. I have written about these contracts before:

https://github.com/zack-bitcoin/amoveo/blob/master/docs/use-cases-and-ideas/raising_funds.md

https://github.com/zack-bitcoin/amoveo/blob/master/docs/use-cases-and-ideas/insured_crowdfund.md

https://github.com/zack-bitcoin/amoveo/blob/master/docs/use-cases-and-ideas/dominant_assurance_contract.md

If you own a lot of Veo (the tokens on Amoveo), and you want the value of your Veo to increase, then you could use this market to buy insurance. You are insuring yourself against the possibility that the public good will not get created. It is a way to hedge your risk, and earn a larger expected profit. Once enough people have purchased this insurance, then we can use the money to incentivize the creation of the public good.

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7 years ago