This article was first published on Stories by MakerDAO on Medium
In partnership with an all-star lineup, including POA Network, Solidcoin, Austin Griffith, Brian Ethier, SendWyre, Quantstamp and ETHDenver, the MakerDAO Community Grants Program is proud to announce something special for ETHDenver:
Every attendee will receive their own unique web wallet that will be pre-loaded with a localcoin called buffiDai, which is pegged to the Dai, and will be used to drive the ETHDenver economy.
How does it work?
“…as soon as the web page loads, people can walk right up to a food truck, scan a code from a menu, and walk away with a hotdog.”
At ETHDenver, every attendee will receive a swag bag at the door which includes a physical coin much like the one Maker distributed at many events last year. On this coin, however, people will find a private key embedded in a QR code, which once scanned, presents them with a web wallet running in their phone’s normal, default web browser. It will hold buffiDai, a special ETHDenver localcoin used to pay for food, swag, drinks, activities, and NFT’s at the event, as well as being accepted at some local businesses.
This means that as soon as the web page loads, people can walk right up to a food truck, scan a code from a menu, and walk away with a hotdog. If people lose their phone or accidentally ‘burn’ the wallet, they can simply rescan the physical coin to continue where they left off. Even better, thanks to our friends at POA Network, the fast blocktimes and extremely cheap fees provided by the xDai network allow all this to happen in real-time on a public chain.
Because this is a localcoin designed to support a pop-up economy, only vendors can redeem buffiDai for Fiat. When the event is over, ...
To keep reading, please go to the original article at:
Stories by MakerDAO on Medium