Autonomi Community Token

1. Autonomi token standard, that enables issuing own token by anyone – from scratch, or by wrapping existing ERC20 tokens. It does not have to become "native" yet, since it will have much utility anyway. Based on ideas by David Irvine, DavidMc0, Traktion, Riddim and others.
2. Rust library for token operations
3. Simple GUI wallet
4. Bridge smart contract to burn tokens on Arbitrum side, with option to updgrade for 2-way operation
5. Simple exchange scheme for different tokens

Token design

Wallet app Run

Proposal @Autonomi Forum

• Proposal announcement
• Weekly updates
• Discussion

GitHub project

• Roadmap
• Progress Tracking

Daily updates

Autonomi community has expressed a need for a native token format multiple times. David Irvine, and other members shared their ideas on Autonomi Forum. This project takes these ideas and aims for developing a standard for transacting on the network.

It will enable issuing own token by anyone – from scratch, or by wrapping existing ERC20 tokens from Arbitrum network. Ability to exchange one tokens for others in a completely decentralized way is also planned.

Focus is on a most open and transparent development possible, open to discussion and contributions from community.

This project is also funded by community. If the project gets any prize, supporters are repaid 150% from the prize, and rest goes to further development.

Why it's also important (aka Native Token)

Many community members see Native Token as a crucial part of the network design, it's initial fundamental properties.

MaidSafe is constrained to using Blockchain everywhere (IF program, stakeholder NTFs) because that is the only mechanism that is currently reliably operational. Community Network Token aims to address that failing ASAP consistent with security and reliability.

After tha launch of ECR20-ANT aka Network Token, together with current network, MaidSafe team has mentioned they will work on NT, but on the other hand there still is no roadmap, and David suggests, that it should be done by community.

The best we can do is to try ourselves, and perhaps MaidSafe will follow. We all have faith, that at this stage of project's advancement, if they planned to work on competitive technology for Native Token in near future, they would tell us, so that we would not waste the time and resources.

Said that, it looks like this project is the way to Native Token in this situation.

Target audience

• Ordinary people – the wallet will be as simple as possible and let people transact easily.
• Crypto crowd and traders – will be able to exchange their favorite tokens on Autonomi.
• Developers – they will be able to integrate currency into their own projects."