[DOC] Design a new IDO(initial DEX offering) system

[nodeasy]

⚠️ Attention⚠️

Please submit your proposal report strictly in the following format, otherwise the report will be invalid.

Please delete the Attention information when you submit the report.

Type of Proposal

• Feature Request (e.g. functionality)

• Economic Model

• Underlying Technology (e.g. performance)

• Application Development

• Others

Background

Describe the background of your proposal. Why you want to realize this idea?

The offering of new coins is the most effective way for a public chain to gather popularity, and it is also the way users are most willing to participate. In the past year, IEO in CEX has become a common, but there have only a few cases of offering new coins on DEX. For example, last year, Tronbet was launched on Tron and Rune was launched on Binance Chain, but no more. And the user experience is also relatively general.

But this year there is a positive case in this year, the Uniswap. Numerous new coins have been launched on Uniswap this year, and its also an important factor that detonated Uniswap's traffic. Compared with order-thin panic buying, the AMM+ liquidity pool model gives people more intuitive feedback and a stronger sense of participation.

Describe The Proposal (No more than 50 words)

Design a new coin offering system

A clear and concise description of what the proposal is.

Business Model (Optional for underlying technology)

Describe the user scenarios of your plan. Please demonstrate the profitability.

The design of the new currency offering system should be diversified. I just take one of my ideas as an example, hoping to play a role in attracting new ideas.

1. Users can use some assets(KCS, etc) on the KuChain to stake, and the staking funds enter a staking pool.
2. Create a new pool, such as KCS-XXX-POOL, and users get the quota ratio according to the staking fund ratio (the upper limit of participation can be set to prevent unfairness)
3. When the staking pool is unlocked, the distribution of the IDO is automatically completed, and the transaction is opened when the distribution is completed.