RUNcoin Documentation

gistfile1.txt

Example project for documentation samples called RUNcoin in the making so the tech can be cloned/expanded etc.

 - manufacturer / app (step counter etc.) tracks movement/exercise/etc.
 - pays RUNcoin for activity, e.g. 1 RUNcoin per day > your-goal.
 - 0.1 RUNcoin for 1 day goal
 - 0.5 RUNcoin bonus for 3 days in a row of goal
 - 1 RUNcoin bonus for 5 days out of 7 (a week)
 - 2 RUNcoin bonus for 9 out of 14

RUNcoin wallets can store RUNcoin for 60 days and 1% rewarded + reward * earned RUNcoin from running.

The manufacturers of RUNcoin sponsor running events.
On completion of the running event, the rewards * earned RUNcoin are again multiplied by a small bonus factor
(5%-25%) + 100 RUNcoin participation bonus at the end of the rewards period for that cycle.

RUNcoin can be used at the manufacturers online store for discounts on running or associated event entry costs
(local sauna etc.), running merch or fitness related services associated with running.

The same can be applied to BIKEcoin, SWIMcoin etc. and are atomic swappable for trade.

These coins can each have their local association/club memberships in the form of tokens and these can be
linked to other micro-economies etc. as well as have details stored in on-chain data.
This last point needs to be tested.  Whether it is do-able in a few chains, few dozen chains, few thousand chains
and what the storage, security, interoperability costs/methods are for data interchange.

Few unknowns in there, but it's just a small documentation project to sample a fictional world.

If you have any ideas, either share them when the documentation gets going

The running events can be as dull/boring as just participation, or there can be step counting payments so things like a person that completed the race in 30 minutes that took 6,000 steps will get paid (some algorithm) of coins relating to that, whilst another person did it in 36 minutes and took 8,000 steps. Paid per step, which as ridiculous as it sounds - needs scalability to handle however-many-participants-in-the-race-stepping transactions per second.

The race has checkpoints: chkpt1, chkpt2, chkpt3...etc. and they are worth a count-down amount each. So chkpt1 is worth 1 for the first 5 minutes but after 5 minutes it's only worth 0.75, after 8 minutes 0.5.