CoinDaddy & The Rise Of Asset Vending Machines

Counterparty and Dogeparty are similar protocols built on top of Bitcoin and Dogecoin blockchains, the function of which is to allow any individual user to issue his own store of value or token. The two function basically the same, and any amount of the parent currency can encompass the total value of the shares in a generated asset.

Already used by…

They have been used increasingly in recent projects, with the Spells of Genesis game perhaps making the most novel contribution in the form of trading card assets represented on the Counterparty protocol. They also have a more currency-like token called BitCrystals, which are meant to fund development and are also issued on Counterparty.

Another great example of an implementation of Counter/Dogeparty assets is the FoldingCoin project, which rewards users financially for contributing to protein folding research. The token (FLDC) was created to incentivize those who compute on non-profit distributed computing platforms to encourage continued support. And then there is the popular LTBCoin token offered by the Let’s Talk Bitcoin Network, which incentivizes listener participation as well as community contributions.

Currency vending machine

The platforms may be easy to understand, but asset distribution and funding can become an issue, which is where Read more ... source: Cointelegraph