ReaLocal Tokens

To test a smart contracting tooling we need an exchangeable token. The SODOTO tokens are not designed for general exchange, though they could be used that way, if someone found it useful. Here we will create another token system called ReaLocal Tokens, a mash up of relocalize and really local.

We will then use a hand full of these tokens to pay people when they obtain a particular SODOTO token or a agreed upon (contracted) number of SODOTO tokens in an agreed upon time period.

I will issue 10 ReaLocals to both Kerry and Marc (myself).

We will use the signature plugin (later enhanced with PlanetyNine tooling) to create a soon to be smart contract (using Ward's mechs) so that when Marc gets two SODOTO tokens he will have one ReaLocal transfered from the ReaLocal Bank to his account.

The ReaLocal Bank (fedwiki site) is created with 100 ReaLocal tokens.