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commitmint

Smart contracts for relationships ❤️

WORK IN PROGRESS

🚨 This document is a work in progress and subject to change.

References

https://www.trewmarketing.com/smartmarketingblog/best-practices/content-is-king-5-steps-to-writing-effective-white-papers https://madisonmilesmedia.com/blog/8-simple-steps-for-writing-an-amazing-white-paper/

Introduction – briefly define the topic of the white paper

Commitmint is a smart contract platform built for relationships. Our smart contracts are NFTs (Non-fungible tokens) built for two to establish permanent tokens of commitment, friendship and love. It takes two to "mint" (create) a toke and two to "burn" (reject) a token, with varying terms for each activity.

Tokens of Friendship 🤝

These are casual relationships with easy terms. Just like a friend request, a user creates a Token of Friendship request for the wallet address of a friend, and the friend can accept the request to "mint" (create) thje token and make the friendship official.

Either friend can "burn" reject the friendship token.

Tokens of Love ❤️

These are permanent relationships with meaningful terms. More like a marriage proposal, this token signifies a committed, loving relationship that can not be easily broken.

A user creates a Token of Love request for the wallet address of their loved one, but it also carries a commitment of a valuable resource, such as an NFT or amount of cryptocurrency. Both parties must commit to the same resource to mint the token. Resources can be assigned to the NFT, or burned, to mint the token.

The Token of Love request also has the terms to burn the token, such as splitting the resources, burning resources, contributing resources. This is not the terms of what would cause a burn, only the terms to complete the token burn.

Challenge – describe the reader’s pain points

We believe that in life relationships matter most. Our friends and loved ones form us all, and some of our most cherished things are the memories, the photos, the places and the things that we share with them.

The power of friendship alone has transformed us all in the world of social media. The social platforms have become the basis of expressing our relationships and connecting with our friends and family. But those systems are closed, and toxic, and riddled with mistrust.

People are ready for a new, trustless, immutable means of expressing our relationships and strengthening our bonds. The blockchain technology we have developed gives us the means to establish permanent, consensual relationships on our own terms. NFTs (Non-fungible tokens) have demonstrated the future of ownership and membership, and now we have NFTs to express our commitment to others without borders, censorship or discrimination.

Overview – tell what you will discuss in the paper and define key terms you will use

  • Blockchain
    • Durability
    • Immutability
    • Trustless
  • Smart contract
    • NFT
    • Autonomous, robust
    • Editable metadata
  • Censorship
    • Controlled by participants / exclusive control
    • Decentralized politically, geographically, culturally
    • Genuine relationships, universal record, anti-forgery

Body – discuss the industry issue, technology, or product feature, including your solution or resolution to the challenge and related benefits; include quantifiable results that are expected, if applicable

Call-to-action – what you want your reader to do next; examples include watching a video, visiting specific areas of your website, or requesting a product demo

  • Take control of your relationships, your finances, and your world.
  • Prove your love, make unbreakable bonds