Ox21 app requirements
Includes iOS and Android
Create account and login
Create account like imtoken wallet, no email required
Wallet address as userID
System creates 24 authentication words for the client to write down
Login by faceID(iOS) or fingerprint (Android), no need to remember password
Use BitTorrent to distribute the app
Provide app in Apple store and Play Store
Store on IPFS
View text, image, and video on app
Get text, image, and video from IPFS
Blank top banner for NFT owner for pages 1-10
If there is no NFT owner for that page, show link to bid site
In-app bid or purchase, more details in Bidding Requirements
Select or type in province/state
Select or type in city
Show all Advertising by ranking
How to calculate ranking for each post (text, image, or video)?
Based on the total number of prepaid coins and user recognition (user likes)
The content creator pays upfront a certain number of Ox21 coins
How many Likes gotten so far from app users?
The rule, one user can only Like or Dislike each post once, cannot do both, cannot change after selecting the button.
Once user click Like or Dislike button, they will gain 1 Ox21 coin
The rule, for each Like received for the post, the content creator will gain 1 Ox21 coin
And FIL (filecoin)
User can check his Ox21 balance
User can cash his Ox21 coin with third party dealer
Local exchange dealer can purchase NFT position to advertise on the channel
User can withdraw their Ox21 coin to their external wallet through a third-party dealer
Content upload tool
Any user can post text, images, or videos for free. If there is a charge from IPFS, then they will have to pay FIL from their wallet or convert their Ox21 coins into FIL at a rate will be noticed to reimburse the cost.
Lets assume that 1 FIL = 200 USDT
1 Ox21 coin = 1 USDT
File uploading cost is 0.01 FIL
That is 2 USDT,
To pay 0.01 FIL, the user account will be deducted by 1 Ox21 coin, and the system will notice the user before converting.
The user can decide to confirm or deny the exchange.
Make payment and receive payment
Just like imtoken wallet, user can make payment with Ox21 by scanning a QR code or copying the receiver’s wallet address.
Ask for payment
The system generates wallet address by QR code and copy button
Reading NFT info for each page
If the NFT owner did not provide KYC, then their top banner is for sale only.
NFT for rent
NFT loan, use NFT as collateral
NFT owner can post ad with their customized template build on IPFS or their choice.
NFT smart contract
Royalty fee = 10%
Lets say Adam is the initial investor, Adam paid 1 BTC to get the NFT of
Location based business
State New York
City New York City
And then Adam sells the NFT to Bob, Bob pays Adam xxx Ox21 coins
When Bob transfer the NFT to Cameron, the smart contract will trigger the payment of Royalty fee to Adam, by 10% of the payment amount Cameron pays Bob. So the payment from Cameron will split by the app to two parts, 90% goes to Bob’s Ox21 wallet and 10% goes to Adam’s Ox21 wallet.
IPFS template (non-stoppable web page)
For example, for a car dealer template, will list all the car models and all options, payment option to accept BTC as payment just as Tesla, will provide load and other conventional services.
For exchange dealer, they will provide exchange services, exchange Ox21 coin with local fiat money.