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duckthepato

Im trying to issue a token ico inside ripple (help wanted)

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This is a pretty cool idea, and funny too  and I wish I could participate. But 90% of the stuff you guys talk about goes over my head :scratch_one-s_head:

 

I'm a simple hodlr, I use ShapeShift to exchange from coinbase to my toast wallet. Simple.

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@duckthepato loving the experimenting, also those USD and BTC IOUs in your wallet, for a minute I thought you were a whale...

I sent you 1 XRP yesterday, would love to grab some bananas!

[address removed]

Edited by at3n

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19 minutes ago, at3n said:

sent you 1 XRP yesterday, would love to grab some bananas!

If Duck is offering them on RCL then using https://www.theworldexchange.net/ or any other online Ripple wallet, you should be able to just directly trade without needing Duck's precious time and attention...   (After all... he does have a large load of bananas to wrap and count and prepare for shipping....)   :) 

If you don't want to input your cold wallet key to the site (or any other) then you can just create a wallet there and fund it with around 50 XRP and you can then trade for bananas (and later on try other cool things).

I'm not completely clear on it though...   I think it might need a trust line set.  Perhaps a gun Rippler could advise?   @pftq??

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2 hours ago, Tinyaccount said:

If Duck is offering them on RCL then using https://www.theworldexchange.net/ or any other online Ripple wallet, you should be able to just directly trade without needing Duck's precious time and attention...

I didn't consider that Duck may be creating actual offers on the ledger... was under the impression that it was a manual trade for now. I do have a trust line set to the specified account alright. If there are offers on the ledger, I'll happily trade that way, otherwise, I'll wait patiently :)

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to the other one that sent 1 xrp i sent the bananas
and to the other one that sent me 1 xrp i wanna send bananas but he needs to put me as trust line 
rfzcfsaq5tYPEhLzBgADYNWdwbJ4PSAv5H


btw ill host post the world exchange and tutorial how to buy the bananas  :) brb :) 
so that they dnt need to set trust lines anymore hehe :) 


EDIT
ok here it is guys
https://www.theworldexchange.net/?symbol1=BAN.rfzcfsaq5tYPEhLzBgADYNWdwbJ4PSAv5H&symbol2=XRP.

just type in 10,000 amount of on the bananas your purchasing
and on the xrp symbol put 1 then press submit

Edited by duckthepato

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38 minutes ago, duckthepato said:

WOW U CAN ACTUALLY MAKE MONEY WITH IT? O_O

Instead of your big offer of 10M BAN for 0.0001 XRP, what if you split it into multiple smaller offers, such that the offer price doubled every 50000 BAN or something... So people can see those offers on the ledger. Then people have an incentive to buy because if other people keep buying then eventually their bananas will be worth more. I guess market manipulation would be very easy at this price point though!

Economics noob here BTW, in case you couldn't tell!

This is fun though

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When you issue on Ripple, the autobridge feature also automatically converts the order across USD, BTC, and any other currency on Ripple as well.  It accounts for liquidity, so on other currencies, you'll actually see the order staggered at different asks:

https://www.theworldexchange.net/?symbol1=BAN.rfzcfsaq5tYPEhLzBgADYNWdwbJ4PSAv5H&symbol2=USD.rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

https://www.theworldexchange.net/?symbol1=BAN.rfzcfsaq5tYPEhLzBgADYNWdwbJ4PSAv5H&symbol2=BTC.rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

(note the 0 on BTC is a rounding/display thing because of how small the fraction is)

Tutorial on issuing is here, which anyone can do without setting up any servers, etc: https://www.youtube.com/watch?v=Uh4uOVUz42Q&list=PLHAK7FXoElZOyM6MaQ_O_i6ATap2k9r-o&index=6

You can also set a Display Name to yourself as the Issuer so it looks nicer than an address - the button is on top of the chat window.

Edited by pftq

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