Tokenize Fuels Crypton / Solon / Hyperion

[winged vapor]

Crypton, Solon, and Hyperion gets tokenized. As a land holder and investor, not having my generated asset secure and auditable is too much risk. This requires to much trust from the investor in the software infrastructure and the company.

There is no way for the investors who bought land assets to monitor how the fuel produced is being managed. In the last AMA, it was brought up that the fuel supply is manipulated as we all experienced the fuel production reduction that has already affected our assets. This gives more reason for the fuel assets to be auditable by each investor.

[twin ember]

I’m not actually involved the dev work nor am I an immutable X expert but from what I’ve seen looking into imx documentation I think that fuel tokens as fungible tokens are simply not going to work well (maybe not at all) on immutable x network.

I doubt there is a method for minting fungible fuel tokens on immutable x. It’s a network designed to work with NFTs. The system is designed to allow players to mint, transfer, burn, buy and sell NFTs without paying network gas on every transaction.

It also allows for tokens that exist on ethereum mainnet to be bridged to imx and used on imx. But fuel tokens do not exist on ethereum mainnet. And if they did the cost to land owners would be disruptive if not devastating.

This leads me back to the possible solution I’ve mentioned for years. Fuel as NFTs. However, this would produce some exploitable loops that would make the fuel market worse than it currently is.

So what’s that leave as an option? I’m not sure.

Maybe minting fuel tokens on their own network. Illuvium fuel chain. Sounds like a lot of work and lots of potential security risks, any exploits firmly blamed on Illuvium.

[winged vapor]

@twin ember Where there is a will there is a way. The only thing lacking is the motivation and innovation to make it happen. I think the idea of it being treated as it own network (token) makes the most sense to me.

I have seen it done it other game projects and do not beleive it to be as problematic as you describe.

The fact is, this is a fundemental problem because it requires the investor to put too much trust in a company that primary objective is to make money.

Take this fundamental problem to the phsyical world. I buy land from you, then you stipulate how much product I can produce on my land, and then control the price of my product. I am comprimised obviously at this point because I do not have enough control over my assest or the product it produces. Furthermore, I do not have any visibilty of transactions that affect my products value, all while just trusting you to not do anything nepharious that would negativily impact my product or assets value.