Weekly update on development process (Nov 21, 2022)

2 min readNov 21, 2022

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Weekly progress

  • ⚒ Designed a new marketing strategy.
  • 🤝 Contacted more influencers.
  • 🤝 Advised another project.

Commitment pools

We’ve designed a new marketing strategy according to our conversations with influencers.

This marketing strategy is based on the “claimable profit” idea: it allows the influencer to claim immediate profit, but only if he creates his own Fairpool token. The idea is described below in detail.

First, other people invest money in a “commitment pool”. It’s a special smart contract that works like this:

  • Influencer can deploy his own Fairpool token by calling a method on the commitment pool contract. The investor money is used to purchase the influencer token (as a first purchase of the contract at the lowest price).
  • When the deploy + purchase happens, the influencer tokens are distributed proportionally between all investors.
  • Any investor can withdraw his money anytime (in case the influencer decides not to create the token).

The influencer can check how much money is already committed (already invested in the commitment pool). This way, he can estimate the interest in his token. Also, he can make some money immediately just by creating a Fairpool token through the commitment pool.

We’ll get feedback from the community members of the influencers before trying this idea.

Next week’s focus

  1. ⚒ Develop Fairpool.
  2. 🤝 Advise current projects.

About Coliquidity

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