Welcome to NUCoin! NUCoin is a mintable token built on the Ethereum blockchain. This is a proof of concept replacement for my schools "Husky Dollars" and meal swipe program.
I really just wanted to experiment with building decentralized applications on the Ethereum blockchain, but I came to realize that the school would likely save thousands of dollars by implementing this because:
- Instead of paying for servers and constantly having them running, they would only pay per-transaction.
- This system allows for students to exchange NUCoins, which is not supported by Husky Dollars or meal swipes.
- The school has complete control of what and who can create coins.
- The price of coins can be dictated by the people selling it (the authoritative addresses).
- If implemented, it would probably get them some press coverage lol.
As of right now, this is a very simple token that is mintable by select authoritative addresses (starting with the contract owner). To make it more standard, it could be an ERC223 token.
There is also the question of gas fees. As written, each student would pay for gas fees on each transaction. However, if the contract is updated to use the Gas Station Network (GSN), the school (or rather, the original authority) would pay for gas on each transaction. This can be offset by charging a small premium on each token.
The most recent version of NUCoin is available on the Ropsten testnet at contract address 0x000527a774561be4161710C8d53aC09703096aC1.
- Make some graphics for the project. Logo, etc.
- Write tests