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      "body": "Congratulations @wineguy! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@wineguy/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@wineguy) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=wineguy)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "@@ -2364,16 +2364,26 @@\n demption\n+s that are\n  not wit\n@@ -2386,16 +2386,21 @@\n  within \n+easy \n reach of\n@@ -2400,26 +2400,16 @@\n each of \n-redemption\n  of the \n",
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      "title": "A Dual Minting Strategy For the OST Token Platform",
      "body": "I have come up with what I call a \"Dual Minting Strategy\" to potentially enable BT (Branded Token) issuers to create as close to a true merit based economy as possible in the OST (Open Simple Token) ecosystem. This appeared originally in the Branded Token Economies - Telegram group:\n\nSo one of my past objections to the OSTKIT and OST API platforms was the inability for a token issuer to manage his token economy through monetary controls.\n\nOST has stated that economies can be entered just by staking OST and minting a BT for any OST based economy. In this there is the the threat of individuals buying a position in your BT economy rather than earning or merit through reward actions that are designed for your BT economy. No true merit based BT economy can be created for a single branded token if anyone can pay to play.\n\nHowever, recently it was brought up that the Branded Token Exchange, that OST will include as one of the features in the OST platform, will be enabled to trade in virtually all tokens and cryptocurrencies and fiat. If this is indeed true then there is a possible work around to be able to create BT economies that are as close to truly merit based as possible. People will be able to game the system to there own benefit.\n\nIn my previously proposed MUSE economy, one short coming is that users of the app can circumvent earning tokens in your BT economy by staking OST and simply minting their own. The redemption system would not be able to differentiate earned tokens from self-minted tokens. If, as was stated, the Branded Token Exchange can trade any token for token, then we could create ERC20, 721 or 1155 tokens that could represent another class of token that can only perform certain functions or hold specific value or asset.\n\nAssuming, that once OST is in beta, that the OSTKIT or OST API will allow minting on the fly, we would create a BT minting script that creates multiple different classes of BT via the OSTKIT or OST API that can only be redeemed for a token outside the OST ecosystem for redemption. The token minted and staked outside of the OST ecosystem would be defined via a smart contract by value, asset, expiration date, redemption rate, burn terms, TOS and will be created and linked simultaneously to those minted within the OST ecosystem by a BT issuer.\n\nThis would create a separate class of BT and BT redemption not within reach of redemption of the tokens created exclusively using the generic OST exchange and minting process.",
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      "title": "How we Tokenized a Facebook Messenger Chatbot",
      "body": "On May 24th 2018 we successfully completed a challenge set out by OST.com for a proof of concept (POC), that integrated the OSTKIT API with a Facebook Messenger chatbot game we had previously created. Our  simple chatbot is a coin toss game that rewards players each time they guess a randomized coin toss within the chatbot and records it on the OST blockchain. \n\nOpen Simple Token and OSTKIT, offer businesses a simple way of tokenizing their communities, apps, websites or Saas without the risk or high costs of ICOs. Here is our final POC video explaining the details:\n\nhttps://youtu.be/q8XmchNSTsY",
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      "title": "Example of a rewards based token ecosytem built with OST (Open Simple Token)and OSTKIT",
      "body": "@@ -2571,16 +2571,17 @@\n 0. Very \n+c\n ompetiti\n",
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      "title": "Example of a rewards based token ecosytem built with OST (Open Simple Token)and OSTKIT",
      "body": "Here is a proposed example of an OST (Open Simple Token) powered token economy using a cyclical loyalty rewards and redemption system built into or added to an app, website or SaaS. It was originally posted to Brand Token Economies - Telegram group.\n\nFirst, we start our subscriber acquisition model by back engineering our app's subscriber goal.  I will throw a number out there for the goal, 10000 subscribers. This number is easily scaled up and some inputs to achieve this goal will be static and add no additional cost to each subscriber acquisition.\n\nThis model is proposing that an app, website or SaaS can acquire new users through loyalty incentives/rewards. Such a platform/business will want users to continue to be active and so we also include some proposed loyalty activities to let users earn tokens within the economy.\n\nAssuming an OST Universal Wallet will soon be available for BTs, we will center our incentives and activities around our Branded Wallet which holds our own BTs and others that we can preload as featured BTs.\n\nOur wallet will also be able to redeem aggregated BTs for our listed loyalty rewards. As an example our proposed Branded Wallet is a local music and music event app. The app profiles local bands, venues, concerts and music festivals. \n\nUpon downloading the app, you find that you already have a BT balance shown of 10 MUSE Tokens. A friend referred you to the MUSE app and gets 10 MUSE Tokens added to their app for referring you.\n\nThe initial cost to the BT Issuer to acquire you is 20 MUSE.\n\nFor the purposes of this example, MUSE Tokens are pegged to OST at  5:1 and utilize a price oracle.\n\nThe following are ways to earn MUSE:\n\nRetweet a band's event - 15 MUSE\nPost a Band Event to FaceBook - 15 MUSE\nPost an Instagram at a featured band's event - 25 Muse\nBuy tickets to a Music Festival - 50 MUSE\nCheck In at a Venue - 15 MUSE\nGet a phot with the Band and Instagram - 40 MUSE\nETC, ETC, ETC.\n\nLet's say we have a small but growing MUSE shop with t-shirts, Tickets,  Drink packages, Backstage Experiences, UBER After Rides, ETC, ETC available for exchange with MUSE. As an example the lowest MUSE priced item is 100 MUSE.\n\nFor every 10 subscriber app downloads how many will achieve the lowest priced redemption of 100 MUSE? 2 maybe 3 out of 10 subscribers max? And let's say the rest get at least 25 MUSE each in the same time period. For a MUSE payout to these 10 subscribers of say 475 MUSE that cost 95 OST or at today's price of 7 cents is $6.65 or .665 per subscriber.  Initially, 10000 subscribers will cost $6650. Very ompetitive with FaceBook or Google.\n\nSo let's say the lowest redemption is for two drinks and cover charge at a local venue. The cost of that package to the app is $0.00 because I will have those packages thrown in for sponsorship of the venue.\n\nI am going to charge 100 MUSE for that package and three out of 10 redeem it. I think this is a very aggressive redemption percentage.\n\nThe 10 subscriber acquisitions actually then cost 175 MUSE because  300 MUSE is returned to the Issuer/app from redemptions. 175 MUSE cost 35 OST at today's price of 7 cents or $2.45 each  or .245 per subscriber. In this case 10000 subscriber cost about $2450 as MUSE is redeemed and recycled back into the economy.\n\nIn the meantime the app continues to grow and deliver value with news, alerts, calendars, discounts, prizes, MUSE token bounties, MUSE Referral awards, MUSE discounts....\n\nOther proposed MUSE priced items might be:\n\nConcert Tickets - local band - 150 MUSE\nConcert Tickets - National  Band - 300 MUSE\nT-Shirt - 150 MUSE\nMusic Festival - 2 days - 450 MUSE\nBackstage Pass - 200 MUSE\n\nThis is just a napkin presentation and a very static example of one type of token economy using OST. The areas of profit for the operator will be all the peripheral advertising and marketing that the reach of the MUSE app would provide in such a locally targeted demographic. Entertainment and BTs have an immediate future as soon as certain functions of the OSTKIT and platform are made available at beta.\n\nI would probably jumpstart this economy with 50,000 OST at our current price of between 6 cents and 15 cents. I would mint up to 250,000 MUSE as needed or when the platform is able to reach equilibrium and sustain itself with less BT inputs and more redemption opportunities...\n\nThis particular tokenization loyalty/incentive/rewards/redemption model could be used in many different industries sustainably. Using OST and OSTKIT, a company can avoid the downsides and costs of ICOs while growning their token economy and community on a pay as you go basis.",
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