RE: The super secret CTP project
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Did I understand right? Will you attempt to peg the value of the token traded on HE to the calculated token value using a market maker? If that's the case, I believe that part won't work, because the role of a market maker is not to keep the price fixed and it won't manage to do that in a free market, except at potential huge losses by the owner of the market maker. The market maker only provides liquidity and earns from the spread during calmer periods of trading, but price moves with the market.
Otherwise beneficiaries to a collector account is a good idea. Communities work like that, btw. Hint hint about CTP Tribe community. :)
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Thanks a lot for your comment and this is something I was thinking about a lot and I believe that I've come up with a solution. In the long term the idea is that the market sets the price by itself, close to the market value. Some owners will be willing to part with the token at a lower price, some will be willing to pay more than the token value for the token. I believe this is how it should be.
At the beginning, the market will probably have very little liquidity. For this situation my idea is to have quite a static market maker. Within a week the value of the token will not evolve more than 1%. Every week it will put a certain amount of buy and sell orders on the market. These orders will be centered around the theoretical token value. There will be a small spread between buy and sell so that the market maker can grow together with the token.
Let's say the token value is 2 Hive. The market maker will put a certain amount of buy orders at something like 1.98 Hive and some sell orders at 2.02 Hive.
The idea is to provide these orders on a regular basis so that people who want to buy or sell the token close to its value will have a counterpart on the market. Once these orders are executed, the market is free again until the following week.
Hope this makes sense :-)
Ah, ok, that makes more sense that what I initially thought you meant when I read the post.