Get A Free LAMBO from XH5!
That was the idea. And this sounds impossible for a broke, hiker trash, wandering nomad like myself, but I was able to give a free LAMBO to thirty-five different people today. The only qualification is that they were already holding the LAMBO asset.
That’s right, an asset on the Stellar network, not the Lamborghini automobile.
I was able to buy 1,000,040 Lambo’s for 0.0400016 XLM. Which sounds extremely cheap, but that’s kind of the point. So how much is that in US Dollars? $0.0018115, not even two-tenths of a cent. Pretty cheap for that many Lambo’s especially when the automobile runs anywhere from $200,000 to $500,000… but we’re not talking about the same thing. And that is the point.
It doesn’t matter what you call your token or how many you make because anyone can build a cryptocurrency and offer it for sale on the internet. The difference is what’s behind the token or digital asset. And I think this is an important point because there will come a time in the very near future when everyone will be handling digital assets and have to learn how to judge value in what may seem like an overcrowded marketplace. Made all the more difficult when the thing you are buying, selling or trading in intangible.
And personalized digital tokens are already happening. My own Life Token Experiment, called XH5, or the Shave token, is an exploration of how to add value to an otherwise meaningless digital notation on a ledger or blockchain. The Life Token is an IOU backed by a Statement of Purpose, the value of which is derived from the assets held in the account. The only acknowledgment of debt for the Life Token is the Real Value, the price at which the repurchase of the Life Token, or IOU, is guaranteed.
A secondary valuation, which I call Melt Value, is the estimated value of the account at liquidation. Something that will only happen at the end of my life. The holders of my Life Token becoming the beneficiaries of the assets I have managed to accumulate. Because that’s what I plan to do with the Life Token account, my Statement of Purpose is to write more books and use the revenue to accumulate digital assets, including Stellar lumens.
A portion of my book revenue will go towards the purchase of Stellar lumens and those will add value to the account over the course of my life. And while that may not lead to the ability to give away free Lamborghini’s, it will provide liquidity for my own Life Token in a way that I hope helps people to whom I give XH5 as a gift.
Still, it was fun to give away thirty-five Lambo’s, and with what’s left, I’m still a Lambo Millionaire!
*I apologize for the click-baity title, but it was too funny to pass up. And nobody reads my blog anyway.