AURA BOUNTY
What is Aura?
Aura is a cryptocurrency and general purpose blockchain application ledger based on ethereum. Developers can deploy smart contracts and decentralized apps (dApps) to the Aura blockchain. Lowercase 'aura' refers to the unit of cryptocurrency on the platform that can be transfered between wallets, is used to pay transaction fees and gas for smartcontracts.
What is a decentralized exchange?
A decentralized exchange is a digital asset exchange that operates solely based on the blockchain protocol and does not rely on any third parties to facilitate trading. It allows you to trade with other people online directly, with no intermediaries.
Where are stocks and aura stored?
Stocks and aura are stored in digital wallets, which are secured by private keys. You can either store in your own wallet on your own computer, or store it on our secure servers once the web portal is released.
YouStock is like bitcoin but with the added ability to create and send digital stocks as well as the base cryptocurrency aura.
A new cryptocurrency
The YouStock platform will use aura, a new cryptocurrency and smart contract platform. It can be mined, bought and sold on exchanges, and sent directly to other users just like any other cryptocurrency.
A smart contract platform
Smart contracts enable users to create new digital assets. On YouStock, these assets represent stocks in the users who create them. The stocks have a fixed number of shares and are initially 100% owned by the creator.
A decentralized exchange
Users can trade their stocks directly with other users without having to trust a third party provider.
YouStock is a new platform where anyone can create a digital asset that represent themself and trade with anyone else.
Why would anyone want to do this? There are many reasons but ultimately it's up to you. Here are some ways people might use the platform.
Sports
Prominent athletes could create a stock and let their fans trade them. The value of the stock may fluctuate based on the athlete's performance or their stardom, market forces will determine that. Buying stock in a young promising athlete could be very lucrative for fans and traders alike. Income from an initial offering could help offset the notoriously low pay college athletes receive these days, while simultaneously giving fans a new way to interact with their favorite sports teams and players.
Artists
Famous celebrities could create a stock for their fans to trade. Fans that want to support their favorite actor or musician can buy their stock. If you discover a young upcoming artist that you know will go on to be big, buy their stock, which simultaneously supports them and also gives you a chance to share in their future success.
Employees
Top talent could tokenize themself and offer to work for their largest shareholder in addition to a fixed salary. This would force top companies to bid on the best employees. This has the added effect of aligning the employer's interests with that of the employee's, they both now have a financial interest in the employee to grow and be more successful. If an employee outgrows their position and another company wants to acquire them, they have to buy out the former employer's position.
The sky's the limit
This is just a sample of the ways people might use this platform. We're excited to see what new and unique concepts people will come up with for using their tokenized selfhood. People are awesome.
HOW IT WORKS
ERC20
User stocks are implemented as ERC20 tokens on the Aura blockchain
AURA
Instead of using ethereum, aura is the main unit of cryptocurrency and fuel for smart contracts.
Faster and cheaper
Using a parallel blockchain has the benefit of lower fees and less congestion than if it were to run on the ethereum mainnet.
Find interesting people
People from all over the world will be able to create and list their stock on the exchange. As you meet new and promising people, invest in them and build a diverse portfolio.
Watch your portfolio grow
People are unique and legendary people are scarce. There is only one Michael Jordan, one Einstein, one Picasso. Use this property to your advantage.
GET INVOLVED
Aura will be required to use the YouStock platform. If you have a decent video card, you can start mining by following this tutorial. Help build the community by joining our discord channel or telegram channel, and follow us on facebookand twitter.
ROADMAP
September 2017 : Idea inception initial work on project, research, experiment
Desember 2017: Laying groundwork fork ethereum, setup aura, websites
Januai 2018 : AURA Aura mainnet launch
Februari 2018 : Aura services wallets, explorers, mining pools, exchanges
Q2 2018 YouStock Alpha Initial version of the web portal and decentralized exchange
Q3 2018 YouStock Beta Start beta testing and getting user feadback
Q4 2018 YouStock 1.0 Final product release.
web : http://www.youstock.io
facebook : https://www.facebook.com/youstockplatform/
twitter : https://twitter.com/youstockproject
Aura ANN thread: https://bitcointalk.org/index.php?topic=2818598.0
Author by koteb17
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