GOLD — ROADMAP AND PROJECT UPDATE
The Gold Team likes to work quickly and with purpose – to design and build applications that are entertaining and have real utility, all while catalysing further development within the Lamden Community.
We wanted to outline how we are going to achieve this by sharing this Roadmap for the next few months.
We have released* 3 applications so far, all of which will be slightly modified to adapt to our new vision for GOLD as outlined below.
Goldflip
- Minimum and maximum amounts to be updated with GOLD price changes.
- 1% Burn, 2% to Gold Reserve
Gold Ticket
- Ticket entry fees will continue to vary along with number of participants for each event — with 90% of TAU & GOLD Pot to winner
- 9% of TAU will continue to fund Gold Reserve
- 1% of TAU will continue to go to bot developer
- 9% of GOLD will now go to Gold Reserve
- 1% GOLD will be burned
Gold Reserve (V1)
- TAU and GOLD from Goldflip and Goldticket will start accruing in an account overseen by @Duckfever until Gold Reserve V2 is released (see below)
Gold Farming (Rocket Farm)
- Farms will start emitting rewards on Sat. June 12th as per our Farming article.
- The rewards for RSWP – GOLD have now been added to RSWP LP – GOLD (3.5B total) — there will no longer be a RSWP – GOLD farm.
Now for the rest of our vision!
Gold Convert
Speed, convenience, and accessibility are always top of mind for the Gold Team. That’s why our first two applications (Goldflip/Gold Ticket) were built into Telegram. You can catch up on the latest releases for Lamden and Rocketswap while seamlessly connecting to our games — all without manually creating a new wallet connection or visiting another website.
If you are already on Telegram interacting with apps, why shouldn’t you be able to execute a Rocketswap trade as well?
With /gold_convert, you will be able to automatically convert all of the tokens in your wallet to GOLD (at one time).
- This command is automating the sells for all of your individual tokens and then purchasing GOLD with the proceeds — which is then sent to your wallet address.
- Phase 2 “Convert”: whitelisted tokens will have functionality to be deselected from “convert all” — whitelist label requires significant community presence and a thoughtful plan.
- Phase 3 “Convert”: select and swap a single token for GOLD (ex. TAU for GOLD)
Website
- In development — top priority after Gold Convert is released
- Will also be translated into Chinese. Automatic translation may be added to Goldflip, Gold Ticket, and Gold Convert
Phoenix Upgrade
We believe that good development occurs in versions or iterations. As such, the Team will undertake to rewrite and upgrade the current Token Contract Code to allow for more complex mechanics and future flexibility.
A snapshot will take place, and existing GOLD holders will be provided the upgraded GOLD token.
New token mechanics to include (but not limited to):
- Automatic Liquidity Pools— 1% of buys and sells will go to a pool which will be added to a liquidity pool(s)
- Gold Reserve Funding — 1% of sells will go to the Gold Reserve Pool
Gold Reserve V2 and Gold DAO
The reserve will now be automatically funded through the 1% mechanism along with Goldflip and Gold Ticket. Gold holders will now vote as a DAO to approve project proposals submitted to Gold Reserve.
- Gold Reserve may provide initial project liquidity or funding
- Funded projects may choose a fair distribution model whereby GOLD and RSWP Farms are created to issue tokens
The DAO may also present ideas to influence the direction of future GOLD applications.
Quorum
- The Sister project to GOLD featuring ENDOGEN
- Details still to be announced
Other Games and Entertainment
- “Gold Rush” — in development — first DEMO complete
- “Mystery Code” Project
- Trading Competitions on RSWP
- Promotions & Puzzle Games
Thanks for reading! As always more details will be provided as each application or milestone is released.
— Goldtoshi
