“Sh*t coins” usually refer to alt coins that have become completely worthless. However, there's now a new coin out to change that perception by going after San Francisco's street poop…
Last week, a couple of Samaritans launched “Poop Token”, an ERC-20 token built on UMA’s Synthetic Token Builder, to help solve San Francisco’s public-defecation problem.
The token tracks the frequency of poop sightings as reported by San Francisco's SF311 (yes, there is an API for that). The token's price goes up with the number of sightings and down as the city gets cleaner. If that sounds like a digital asset for you, then it's available for purchase today on Uniswap.
Tokens can play a meaningful role in incentivizing behavior within communities – allowing for coordination and monetary rewards for governments and citizens alike, whilst holding cities accountable to solve real problems such as homelessness.
While the City of San Francisco may not be issuing “sh*t coins” any time soon, it is good to see someone out there get their hands dirty...
The SF Poop Token was conceived at the recent ETHWaterloo hackathon - Creator Hart Lambur used UMA, a FinTech Collective portfolio company, to create the token. At the event, he humorously describes the trend as, “Sh*t is going up!” Read more
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Global FinTech Report CB Insights 2019 Q3 – Q3 set the quarter record for fintech deals (if you take out Ant Financial’s $14bn round last year) driven by 19 $100m+ rounds. Early-stage (seed/angel and Series A) deals fell to an 11-quarter low. Read more
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