Naming and Minting New Mokens
tl;dr Unique “namening” of mokens, increasing mint prices in an era, and new eras. Lots of links.
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Mokens are a new class of crypto-collectible that has greatly simplified the process for creating new non-fungible tokens. There are a few key parts of the Mokens DApp that make them truly unique.
Unique Moken Names
A moken name identifies what a moken represents or is about. The mokens contract on the ethereum blockchain enforces that moken names are unique. It is not possible for two mokens to have the same name. In addition, the unique name enforcement is case in-sensitive. So it is not possible to have two mokens with the same name but different case. The mokens contract also prevents unprintable characters from being used in moken names and prevents spaces from being used at the beginning or end of moken names. So what does this mean?
This is Moken 23. It is named “God Of War”.
Notice what happens when attempting to mint a Moken with the following names: “GOD OF WAR” and “ God Of War” (leading space)
This functionality helps enforce uniqueness between mokens. Instances where a similar moken name is used for the same thing are considered a forgery. Mokens.io clearly labels forgeries and provides a link to the original.
More about forgeries will be discussed in our next article “What can I make a Moken for?”
Mint Price
It costs some ether (ethereum’s native cryptocurrency) to create or mint a new moken. Each time a new moken is minted the price to mint new mokens increases a little. As people mint new mokens, the price steadily increases. This is done to make mokens more scarce by making them more difficult to mint.
For some people the price of minting new mokens will get too high. It will make sense for them to buy existing mokens on exchanges or marketplaces at lower prices that were minted when mint prices were much lower.
Mokens.io does not charge a fee for gifting/trading/buying/selling existing mokens. The market value of a moken depends on its desirability. What makes a moken desirable includes what it is about or represents, the attractiveness of its display and description, which era it is from, the value of information or assets linked to it with a datahash, and the properties and values attached to it from ethereum games and systems.
Mokens can be bought and sold on existing marketplaces like OpenSea.io or RareBits.io.
Eras
Part of each moken is its era. An ‘era’ is a set of mokens that are created within a certain time period. The first, and current, era is “Genesis”. Newly minted mokens are Genesis mokens. When the next era starts no more Genesis mokens will be minted.
Eras are stored on the ethereum blockchain with other moken data. A new era may signify a significant change like a large drop in price to mint new mokens. What the next era will be, what changes it signifies and when it starts will be determined from feedback from the moken community.
Mokens.io will be adding voting to the platform down the line to facilitate community change and input.
It has been confirmed that the starting minting price for the first era “Genesis” will be 0.000 ETH and will increase by 0.002 ETH for each newly minted moken.
Stay tuned for more updates! Our next Medium article titled “What can I make a Moken for?” will cover forgeries, display, deleting, and new use cases.
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Edited by Nick Mudge
Citations for In-Text Hyperlinks
@renatrazumov, R. R., @bmenzalji, B. M., Azure, M., G., & Iida, R. (1969, January 01). What Are Dapps? The New Decentralized Future. Retrieved from https://blockgeeks.com/guides/dapps/
Beal, V. (n.d.). Case-sensitive. Retrieved from https://www.webopedia.com/TERM/C/case_sensitive.html
Bits, R. (n.d.). Rare Bits — Marketplace for Crypto Assets. Retrieved from https://rarebits.io/
Create a cryptocurrency contract in Ethereum. (n.d.). Retrieved from https://www.ethereum.org/token#central-mint
Ethereum Project. (n.d.). Retrieved from https://ethereum.org/
God of War. (n.d.). Retrieved from https://godofwar.playstation.com/
Medium — a place to read and write big ideas and important stories. (n.d.). Retrieved from https://medium.com/
MetaMask Ethereum Browser Extension. (n.d.). Retrieved from https://metamask.io/
Moken 23. (n.d.). Retrieved from https://mokens.io/moken/23
Mokens. (n.d.). Retrieved from https://mokens.io/
M. (2018, July 01). Mudgen/mokens-bug-bounty. Retrieved from https://github.com/mudgen/mokens-bug-bounty
NON PRINTABLE CHARACTERS. (n.d.). Retrieved from https://web.itu.edu.tr/sgunduz/courses/mikroisl/ascii.html
OpenSea. (n.d.). Buy Crypto Assets, CryptoKitties, Collectibles on Ethereum & more. Retrieved from http://opensea.io/
Rinkeby. (n.d.). Retrieved from http://www.rinkeby.io/
Summers, H. (2018, July 06). What are crypto-collectibles? — mokens — Medium. Retrieved July 9, 2018, from https://medium.com/mokens/what-are-crypto-collectibles-4d56220958d1
