I just created my own token through steemengine.com – thanks to for drawing my attention to this, following his token creation post - read it if you want to be taken through the token-creation process.
Just to get the acknowledgements in - the Steem Engine website is the creation of and
in partnership with
, and here's the announcement post.
The Revise Token
I really no other choice other than to call my (first) token the ‘Revise’ token, given that the only conceivable use case for it is going to be as a purchase/ reward token for my sociology revision guides and revision webinars. I did seriously consider 'SocioToken', but the imagined sound track of people mispronouncing it put me off - it sounds fine if you pronounce the 'c' as you would in 'sociology', but let's face it, that's not going to happen that often, people are going to translate it as 'k' which just sounds naff. So I had to rule that out. Also 'Revise' is the first word in my main website, and it's potentially more generaliseable. (TBH I didn't think THAT hard about it!)
Fortuitously, I actually just set up a new series of online revision Webinars for A-level sociology (priced at a very reasonable £49.99 for 12 hour long sessions starting in April if yer interested – register here!), and if I stretch my brain-thing a little I can just about imagine a situation in a year or two where I’m offering access (or discounts) in exchange for Revise tokens students/ parents have earned through engaging with me on my blog in various ways, or for having purchased resources previously.
Of course, the hassle for them is that they’d all need steem accounts to actually get the tokens, but I think that’s fair enough… for whoever’s prepared to go through the hassle of signing up for and getting their heads around the steem ecosystem, they get some Revise tokens and can then use them in the future to get a nice discount on access to my revision Webinars.
ATM all of this is a bit hypothetical (or at least it would involve a lot of manual hassle on my part) as you can’t even trade tokens created through steemengine yet, let alone link their distribution easily via various blockchain transactions, let alone integrate all of that with my FIAT sales sites.
A seamless creation process
I was inspired to set up my own token by a couple of posts by who created the EXYLE token, and then
who created the ENGAGE token. It was nice to see some of both in my steemengine wallet.
All you need is a 100 steem, then you buy some ENGINE tokens, and then you can create yer own token and issue/ distribute it. Distribution basically means send it to people, it's pretty crude I know!
A few thoughts on Revise ‘technicalities’
- I went for 100, 000 total supply….. I honestly can’t ever imagine needing more than that especially when I went for….
- 8 decimal places of accuracy… so I can release 0.00000001 of a Revise if needs be, I may have too many 0s in there?
- I went for capital R and then lower case rather than REVISE just because that fits in with all my other ReviseSociology branding.
Revise Issuance and Distribution
I’ve decided to release 2.5K Revise a year – on the basis that my anticipated death age is 85, and 2.5K *40 (I’m aged 45 now) = 100K.
There are presently 2500 Revise in circulation, with a total market cap of $0. On the downside this means they have zero value, but on the plus side this means inflation isn’t a concern.
How to earn Revise: TBC – this’ll give me something to think about over the coming months! I can send as much of my valueless token to anyone I want, so if yer lucky you might get some!
The best 100 steem I ever spent
Even if no one ever actually uses it, I’ve had a great time just creating and sending a couple of people some Revise. I’ve especially enjoyed sending decimals of it, I imagine that’s slightly irritating which amuses me no end.
The whole process of creating and just starting to think about issuing currency and distributing it has given me a pretty powerful insight into the true value of all money – which is $0, and it's given me a smidgeon of an insight into what it must be like to be a government with the right to print money and devalue their currency.
Typical that the educator in me is thinking that getting students to set up their own tokens would be great way of teaching certain aspects of an economics A-level.
In Conclusion
I have my own token, Wahoo!
P.S. If you want some Revise, just ask in the comments, and I'll send you some.