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Naming convention for metacoin user assets (like LTBCOIN)

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loon3

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Location: Rhode Island, USA

As the pool of user assets across different metacoins (Counterparty, Mastercoin, NXT, etc) continues to grow, its important that each asset is easily identified and differentiated on the open market. I propose a naming convention to be used in instances when metacoin generated user assets appear among cryptocurrencies and user assets of other metacoins. To distinguish each asset, a suffix should be added to the asset symbol which identifies the metacoin protocol with which it's associated.

For example:

Maidsafecoin (MAID) will appear as MAID.MSC

LTBCOIN will appear as LTBCOIN.XCP

This convention only needs to be applied in mixed settings such as on a mixed exchange or on market data sites such as coinmarketcap.com. In those situations, it will be clear to all users the specific protocol and block chain on which an asset is created.

Thoughts?

Posted on June 28, 2014 at 7:24 PM

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• Cryptonaut

  

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  Posts: 1944
  Location: Canada

  I really like this idea actually

  • Mastercoin = .MSC
  • Counterparty = .XCP
  • Colored Coins = .CC
  • Ethereum = .ETHR

  others..?

  Posted on June 28, 2014 at 8:39 PM
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• loon3

  

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  Posts: 243
  Location: Rhode Island, USA
  • NXT = .NXT
  • Peershares = .PPS
  Posted on June 29, 2014 at 6:52 AM
  Last Edited: June 29, 2014 at 6:53 AM
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• adam

  

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  Posts: 1980
  Location: California, USA

  Yeah we're still figuring out our meta strategy.

  Posted on June 29, 2014 at 7:07 AM
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• cc5alive

  

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  Posts: 38
  Location: Los Angeles

  Great idea. I think it will make it a lot easier for people who are discovering different tokens for the first time so they can actually figure out where to acquire them.

  I've also heard discussion in the NXT forums before about possibly having another prefix/suffix for assets that have the same name in order to distinguish the issuing party. The idea is that if two people issue an asset on NXT and they are each called ASSET, you would be able to reserve a handle (I'm sure there is a different name for it than handle) so someone can prove that they are issuing the asset.

  I reserve the handle "cc5alive" and then I am able to issue ASSET1-cc5alive and ASSET2-cc5alive. That way if anyone else tries to issue ASSET1, it would be transparent that it is not the same ASSET1 that I am promoting.

  I don't think this is an issue on XCP and MSC, because as I understand it, names cannot currently be used for multiple assets. For example, I would be unable to issue my own LTBCoin.

  Posted on July 2, 2014 at 12:09 PM
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