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"Common", "Un-Common" and "Rare" Token Classifications

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adam

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Location: California, USA

Hey everybody, In the world of tokens there are a lot of different ways to do things and it won't be long before the word "token" has really no specific meaning besides a way of managing digital ownership of all the things.

With that in mind I want to start thinking about how we should think about tokens, and I keep coming back to my middle-school days in the late 90s' playing Magic the Gathering, which is a CCG already associated with Bitcoin thanks to the MtGOX connection (Magic the Gathering Online EXchange).

In magic they use the concept of Common, Uncommon and Rare to differentiate between types of cards. You might find 100 common for every 10 uncommon for every 1 rare.

A token representing ownership of a car might be rare

An expensive fixed quantity token representing membership to an exclusive club might be uncommon

A fan token that is issued as-needed based on vending machine sales might be common

What do you think about this? What am I missing?

Posted on February 11, 2015 at 12:22 PM

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• pooktwo

  

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  @adam Hey everybody, In the world of tokens there are a lot of different ways to do things and it won't be long before the word "token" has really no specific meaning besides a way of managing digital ownership of all the things.

  With that in mind I want to start thinking about how we should think about tokens, and I keep coming back to my middle-school days in the late 90s' playing Magic the Gathering, which is a CCG already associated with Bitcoin thanks to the MtGOX connection (Magic the Gathering Online EXchange).

  In magic they use the concept of Common, Uncommon and Rare to differentiate between types of cards. You might find 100 common for every 10 uncommon for every 1 rare.

  A token representing ownership of a car might be rare

  An expensive fixed quantity token representing membership to an exclusive club might be uncommon

  A fan token that is issued as-needed based on vending machine sales might be common

  What do you think about this? What am I missing?

  You are missing mythic rare and holographic cards :D

  So rares, commons, and uncommons and all mass produced basically having the ability for an unlimited amount, just a different ratio 11 - 3 - 1.

  So for your exclusive club example for the uncommons, more could be produced but just not as often as lets say a common forum membership. Mythic rare cards however have a limited locked in supply. So those could be a locked asset for a very specialized club lets say that never allows more members to join.

  Holographic cards can represent any kind, common uncommon rare or mythic rare, but they are more valuable then the non holographic version. So this could maybe represent a member of an uncommon club who has achieved enough reputation of the respective club to have a better asset that allows them to do whatever the uncommon club members can do, but just shows he/she has accomplished more.

  Just trying to include more magic analogies :D

  Posted on February 11, 2015 at 12:51 PM
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• Cryptonaut

  

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  Makes sense. Makes me think of a cool game using tokens and TCA actually. "collectable trading coins" instead of trading cards, and a game where you can use them to compete against other people. Basically MTG or Pokemon or w/e but on the internet :p send in 0.01 BTC to get a "booster pack" of 10 random tokens representing different powers or monsters, with a chance to get rare or super rare ones. Log in to the games website or app, link your address to it and compete against people to earn reward points which you can redeem for prizes (or sell). I'd play that :)

  Posted on February 11, 2015 at 12:57 PM
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• adam

  

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  Actually I was thinking

  Rare would be Fixed Issuance, Single Token (So this would be one token PER car, not per type of car)

  Uncommon would be Fixed Issuance, Multiple Tokens

  Common would be Free Issuance, Multiple Tokens

  I'm trying to think of useful generic classifications that draw from what games have already pioneered without necessarily making us look like we're playing a game.

  There are lots of other factors that are essentially descriptor words that can be added to the lexicon on top of these basic categories so what word describes the difference or describes the character of a common token that is issued as needed by a vending machine compared to one that issues new tokens on a yearly basis

  Different types of tokens would work for cars based on what you want to do with then, you might have a common token that can be redeemed for a ford focus 2015 any color, or you could have a token that represents the key to operate one specific ford focus 2015 powder blue named fiona. It's really highly variable, which again illustrates why we need to develop some words to think about this stuff in common terms.

  Posted on February 11, 2015 at 1:05 PM
  Last Edited: February 11, 2015 at 1:10 PM
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• Christian

  

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  My boys have collected some Halo Minifigs and they had rare and ultra rare.

  Posted on February 11, 2015 at 1:51 PM
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