Themisia

Themisia Tokenomics, giving citizens equal opportunity to invest their capital.

Themisia Tokenomics, giving citizens equal opportunity to invest their capital.

task

YUP icon 12500


We’re distributing rewards differently in this task. Learn more

12

Upvotes
Remaining

Show comments I upvoted

Themisia Tokenomics, giving citizens equal opportunity to invest their capital.

Rewards

No YUP/tokens awarded

Hello Crowdholders,

Today we would love to introduce you Themisia Tokenmics, the token system that provides the lifeblood of the economy and reputation system of the Themisia virtual nation.

 

The Problem


The greatest economic challenge facing a world striving for a fairer society is the Pareto principle; a natural economic law that stipulates the inevitability of extreme inequality. It is commonly referred to in popular culture as the 80/20 rule where, as an example, 80% of effects are caused by only 20% of one’s actions. In economics it is the rule that means even if everyone starts with exactly the same amount of money, through hard work, talent, competence, and the impact of chance—good or bad luck—the money will end up being exponentially distributed in the hands of a very small percentage of individuals. The top 20% will have more than the top 80%. The top 20% of that top group will have more than the remaining 80%. And again, the top 20% of that upper echelon will have more than the remaining 80%, and so on, until you’re looking at the super rich in the top 1% of the top 1%.
 

The Solution


Any creator who has a desire to create value within the Themisia economy can tokenize that value—or the potential of that future value—in the form of a custom branded and named fixed supply token called Community Shares. Community Shares represent the revenue distribution for whatever the creator specifies, from a specific product or service, a company or brand that has a variety of products or services, or a perhaps even Community Shares that represent himself, and therefore all of the value that he or she will create in the Themisia economy. As well as giving any value producer the ability to crowdfund their projects or raise capital at any time by selling some of their Community Shares, it also empowers Themisians with the ability to invest in any project, from the largest, to the very smallest, and in so doing, have access to investments no matter where they are on the economic spectrum.

 

Themisia Shares


The national currency for Themisia is Kingsilver, a stablecoin backed by real precious metals stored in vaults, mainly gold, silver and platinum. Every Kingsilver transaction incurs a small fee which is distributed to owners of a fixed supply token called Themisia Shares, and will be tradable on cryptocurrency exchanges, including Themisia's own Kingsilver Exchange. As the economy grows, so will the earning performance, and subsequent price of, the Themisia Shares token, making it the primary investment vehicle for investors who believe in the future of Themisia.
 

We Welcome Your Feedback


We spent 1.5 years working on our 60k+ word whitepaper, so the information here and on themisia.org is only a small fraction of the grand scope of the entire virtual nation. To help us finalise the whitepaper, though, we would very much appreciate your feedback with the aspects of the project that we have made public.

Please answer the following questions.

  1. What are your first impressions of Themisia's tokenomics?
     
  2. Do you understand how all value in the economy can be 'securitized' with 'Community Shares'?
     

You can go to our introductory task to learn even more about Themisia.

 

Thank you for taking the time to review the project and we are looking forward to hearing your feedback.
 

The Themisia team
www.themisia.org





60 COMMENTS 393 VOTES

Most recent Most verbose

Reading the title of this post "Themisia Tokenomics, giving citizens equal opportunity to invest their capital." i feel very satisfied that equality is also in the plan of the creators, because most times in new projects the lower guys in terms of money are usually being underrated - even if they have good ideas - and i think with this more success will be achieved in the blockchain ecosystems.

4 minutes ago

Burak Serdar expert

If you could back your project with real valued metals no one can stop you. I would like to see a video about it, you need to prepare good quality video about telling everything about your project clearly. Also i would like to examine your  Kingsilver Exchange project when it is ready.

Your website seems nice and with some quality, you have used the right colors, it was great for my eyes. Also i saw that you worked some proffesionals for your website. It is great!

You would rank and review all project and they would totaly like about it. Also you can stop the scamming situations with your system and this will be biring trust for everyone. In some years you could help all cryptocurrency market that's why i feel excitement for your project. 

1 day ago

Very good and interesting project, I'll still follow you and work with this

1 day ago

A blockchain project with connected a real material and valuable ones. This is great and very unique idea, when i understand the system i got trusted in your project in just one second. You are not selling something virtual just like the %99 of blockchain project. We can touch it and hold it with our hands.. I haven't heard an idea like this one before that's why i really got interested in. I am sure that this understanding will open a new age, many projects would take inspiration from the Themisia. You will be very successfull with this concept. I am going to follow your project closely and if i can see the big picture i would like to invest your project as well.

I just want to recommend you one thing; you need to improve your telegram channel, i saw that you have only 170 followers there, you should make some bounty campaigns or airdrops for gain more followers in social media (specially on telegram)this would bring you more trust believe me.

 

2 days ago

Deyner López expert

Crypto enthusiast!!! My opinion matters too!!!!

VERY INTERESTING CONCEPT IN HERE!!!

Tokenize the created value within the Themisia economy is a very good idea indeed who will probably attract more citizens to your virtual nation as well as allowing to sell Community Shares  because it allows Themisians make investings in any project they want.

Having Kingsilver backed up by real precious metals stored in vaults gives your project credibility and stability indeed so this feature will attract several potential citizens to your project too. Stablecoins are the future in crypto world to be accepted wide spread so having this kind of thing injected in Themisia economics gives you a secure future and for investors and citizens a great security in every economical operations they will made.

So keep working hard and never give up!!! Good luck!!!

5 days ago

hidaia alassouli new user

Very interesting project that I believe has a lot of merit to its work. Looking forward to following your project

5 days ago

My first impressions of Themisia's tokenomics is, I like the idea that this project is trying to currency with real precious metals i think its will be famous in the future real crypto the value in the economy can be securitized with community shares, how the people invest in it and how can it create a value for the investors.

1 week ago

This comment is not available, it has been removed for violating the code of conduct

1 week ago

Phillip Gonzales new user

This is an interesting concept, as it cycles our economic models 'round again to the gold standard in a significantly more efficient tokenization of physical assets. It creates a scarcity that is backed by physical assets rather than code protocols. Unfortunately, I think this is just going to perpetuate an even quicker version of the 80 20 rule as all that is really changed is that the transactions are quicker. Plus, the problem of the physical transfer of precious metals is exacerbated as there's no way that it will be able to keep up with the speed of transactions. And if you weren't planning on transferring the value, then what was the point in having it? It is an interesting experiment, and there really is no telling what will happen, but that's just my 2 cents.

1 week ago

Hi Philip, thanks for your comment. I'm not sure what you mean when you say that having the primary Themisian vehicle of commerce being backed by precious metals will exacerbate the economic 80/20 rule. The 80/20 rule is more about how money flows to the hard working, intelligent and well-connected, and the more money that flows to them, the more resources they are able to allocate with that hard work. intelligence, and social network, and they get richer and richer. I don't see how backing that 'money' with precious metals affects this in any way.

Regarding the transfer of that value, just how the dollar used to be back by physical gold that was stored safely in Fort Knox, the precious metals held in vaults around the world will not move when you send transfer Kingsilver. The blockchain will show that you are now the holder of the Kingsilver, and the value of that Kingsilver will be ensured by the existence of the precious metals, which will be publicly verifiable using a decentralized supply chain management blockchain where by all Kingsilver can be traced back to the precious metals in the vault.

5 days ago

1 What are your first impressions of Themisia's tokenomics?

 

It seems to me that he is a very hard-working project but I do not see clearly the tangibility of the value of the currency. I understand that the value is long term and that it depends on how many people invest in the project ... with the good and the bad and that seems to me a risk today. I see that the precious material is backed up ... it is a good approach but I would need to know other data to be able to compare .... Number of coins in circulation, number of projects created ...

 

2 Do you understand how all value in the economy can be 'securitized' with 'Community Shares'?

 

I think it's a good piece of information and I think I understand the value ... but how many projects exist and especially what kind of projects are being financed in that way. We will not understand very well the advantage in the short term

 

1 week ago

Hi Alejandro, thanks for your comment. Firstly, the value of the currency, Kingsilver, is determined by the precious metals stored in vaults, and so the value of Kingsilver will only change when the price of those precious metals change in the world. So Kingsilver's value is completely untethered from the number of people who invest in Themisia. The primary investment token is Themisia Shares, as that allocates the Kingsilver transaction fees, and so will go up and down in price due to the speculation of buyers and sellers due to the present and potential future earning performance of that token. Regarding circulation, Kingsilver is dynamic. As more Kingsilver needs to be minted to keep up with the demand, more precious metals are bought and stored in the vaults. If the demand falls, Kingsilver will be 'burned', and the precious metals either kept aside ready for minting new Kingsilver, or sold. The whole process of minting and burning will be decentralized and automated in a beautiful, elegant way that will be explained in detail in the coming whitepaper.

5 days ago

1.My first Impressionss of Themisia's tokenomics was great, this is the future for cryptocurrency. Good job for the team for providing a Great project that can help not only a person but the whole World. Thumbs up guys Job well done. 2. Definitelly Yes, I understand the value in the economy can be securitized with community shares and it can be help alot. Thanks for the Themisia team for this wonderful project for giving everyone insight and knowledge how this project work.

1 week ago

Thanks Mojtaba

5 days ago

Amir Vahdat new user

1.at first when i saw your last task i impressed what could it mean : Internet of facts! then i read the post and checked your site and realized there is more from that! it'll be a great project, 2. my answer is yes and it is reasonable.

1 week ago

Thanks Amir!

5 days ago

Al Wallace guru

Food and cryptocurrency blogger with a diverse interest in investment/ crypto

Themisias tokenomics seem to me to be quite complex so let me go over them point by point:

1) The fact that your main token the kingsilver is backed by precious metals is goin to create a robust token that should hold a strng base value and, moreover, should increase in value for the holders. 

2) you dont menton where these precious metals that back the tokens will be stored. Many people in the cryptocurrency industry are very wary of tokens that claim to be backed by fiat and precious metals, especially after some recent high profile cases where tokens were in fact founf out not to be be backed sufficiently (wink wink USDT) so some clarity on this is recommended.

3) Im a bg fan of the idea of hlding sharecoins in order ot recieve a percanetage of the profits from transactions on your exchange. This will create value to the concept as a whole and encourage both interest and dedicated holders.

4)the tokenomics do seem quite complex, you're really relying on people getting really quite involved to understand. From your websie it seems you are having various different types of coins (property, governance and reputation) as well as shares and backed currencies which can be user created. But in theory as long as these are added slowly, rather than all dropped in at once i suppose this could be practicable. I do suggest that you gradually introduce them, alow your followers to 'get their head round them' and allow time to make sure they are set up and working to hold value and relevance. 

I actually think if you do this right, and you did say you'd spent a year and a half on your whitepaper that this could actually work quite well. the tokenomics, athough a bit complex, Have a multi token setup which reminds me of some of the other big communities out there (like steem). I think people could potentially get on board if the tokens prove stable due to the backing of precious metals and as the community grows the community shares will become more lucrative.

1 week ago

Hi Al, thanks for your comments, let's go through them one by one:

1) Yes, Kingsilver's value will remain stable, and although it is quite likely that it's value will appreciate due to it being backed by precious metals, it is designed to be less of an investment vehicle, and more of a functional vehicle for every day commerce—i,e, money. It could very well be used as a store of value as well however, as every holder of Kingsilver will effectively have a precious metals portfolio.

2) Yes this is incredibly important. One of our advisors is Anthem Blanchard who owns Anthem Gold, a cryptocurrency backed by real gold, Anthem Vault, the vaults that his gold stored in, and Hercules, the blockchain supply chain management software that allows anyone to trace every Anthem Gold token to its stored gold in his vaults. So we have a great person on the team who will be helping Themisia get Kingsilver set up properly. So we will most likely use Anthem Vault as the first place where we store our precious metals, and then once the project has matured we can think about diversifying the precious metal vaults in other jurisdictions across the world, but all of which will use Anthem's Hercules supply chain management solution to allow everyone to verify the existence and location of the precious metals that is backing their Kingsilver.

3) Yes, Themisia Shares is a great investment vehicle because, unlike many investment tokens, they will earn their holders income that will grow with the Themisian economy.

4) Yes, the full token model is complex, but we're building a virtual society here, so that complexity is inevitable. The beauty is that you don't need to understand everything to add value to the Themisian economy. To purchase goods and services, you just need to know how to purchase and then sell Kingsilver. To contribute to the Themisian court system, you just need to understand the basics of the reputation system (the main reputation token being the Integrity Token). Once Themisians begin forming and joining communities, they will learn about the governance tokens, and then only once Themisians begin wanting to purchase digital property in the Themisian economy will they need to learn about the property tokens. So the learning will happen naturally as citizens delve deeper into the virtual nation, and they will go as deep as they wish.

5 days ago

Thew Jomaco expert

My first impressions (#1) are a mix of hurrah and bewilderment. Starting with the hurrah, I particularly like the tackling of the Pareto principle. Unlocking this conundrum will usher in a new economic model and societal structure that -- with any luck -- will be more fair, just, and healthy (check out the book, The Broken Ladder for reasons why) in regards to resources and opportunity. Cheering for Themisia for taking this on, which is probably also primary cause of my bewilderment.

So into bewilderment, tackling this complex dynamic in a way that scales is going to take strategic implementation of (probably) several truly creative ideas. I'm not fully understanding the practicalities of Themisia, or it's tokenomics (#2). First, I'm not quite sure what it is. Further, I don't understand how the community shares, Themisia shares, Kingsilver, or other various tokens and potential to create tokens come into existence. Then they'll be backed by precious metals, as well? Come on, how do you plan to implement this? Is it fully digital? Is it a web platform or an exchange? Is it an open or closed system? Are the products you mention digital, or could they be physical things?

I think some concrete examples of what is going to occur within Themisia will be helpful. I don't think I'll fully understand the, whatever it is, until it is built and being tested. 

Your images, logos, and content seem highly intellectual/academic. They're all also well done, if that is the brand image you're going for. So far, if practical application lives up to the theoretical content it will be just that much more compelling. I hope it does, for the sake of busting open the Pareto principle!

2 weeks ago

Hi Thew, thanks so much for your comments. Yes, real, detailed explanations and case studies will go a long way to shedding light on exactly how everything works. I am in the process of updating the whitepaper which will definitely help in that regard. I am also planning on creating some explainer videos which will explain various aspects of the project.

Let's see if I can answer your points here:

1) "I don't understand how the community shares, Themisia shares, Kingsilver, or other various tokens and potential to create tokens come into existence. Then they'll be backed by precious metals, as well? Come on, how do you plan to implement this? Is it fully digital? Is it a web platform or an exchange? Is it an open or closed system?"

Let's start with Themisia Shares.

The quantity that will be minted is yet to be determined, but it will 100% be a fixed-supply token. So let's assume that it is 1 million Themisia Shares. A percentage of these will be allocated to early backers on themisia.org, seed investors, team members, advisors, and also a percentage held by us to be used for future development and fund raising, and then the rest will be allocated to the public in staged token sales. We are also curious to see if we can allocate a percentage to a public Themisian Treasury which citizens (or representatives citizen's empower) can democratically vote on how the Kingsilver revenue it generates will be spent.

Now let's move on to Community Shares.

These are also fixed supply tokens, so lets stick with the assumption that there will always be 1 million minted whenever a citizen creates his or her own Community Shares. In the main Themisian citizen's account/wallet, any citizen will be able to create their own Community Shares—but at a Kingsilver cost that stops people doing so arbitrarily. When they create their Community Shares, which they custom name, for example, Thew Shares, they have to allocate those shares to some form of value creation within the Themisian economy. The options for the possible ways in which value can be created will grow as new platforms are created. To begin with, however, the first and only platform will be the court system, so the only way that a citizen will be able to earn money will be through Kingsilver bounties assigned to court cases. So Thew Shares could be assigned to all revenue you, Thew, earn in the Themisia court system. As you own all 1 million Thew Shares, you will get all of the revenue you earn. If you wish to, however, you could sell some of your Thew Shares on the Themisia Exchange (which will possibly be called the Kingsilver exchange), which is where all Community Shares will be listed and tradable with Kingsilver. Alternatively, and probably a better option for new Community Shares, you could create a 'token sale' page on the Themisian website where you lay out your case for why these tokens are valuable, and why their value will increase in the future, and in so doing attempt to raise capital to fund your work on the Themisia courts. If your truth discovery work goes really well, and the revenue you, and subsequently your Thew Shares, grows, you will be able to sell more small portions of your Thew Shares later for much higher prices and raise much more capital to fund your ongoing investigation work. Essentially Community Shares allows any citizen to securitize their value production, allowing other citizens to invest in them, and in so doing profit from their future success.

Now let's finish with Kingsilver.

This is the primary vehicle of commerce—the currency that is used to buy and sell. Kingsilver is to Themisia what the dollar is to the U.S.A. As the dollar used to be backed by real gold, Kingsilver will be backed by real precious metals. As the demand for Kingsilver grows, more will be minted, and precious metals (gold, silver and platinum) will be purchased and stored in vaults. As the demand for Kingsilver calls below the supply, Kingsilver will be burned, and their respective precious metals either kept aside for future Kingsilver minting, or sold. The whole process will be autonomous and decentralized, which is too complicated to explain in a comment, but I promise it will be explained in the coming whitepaper (and explainer videos).

2) "Are the products you mention digital, or could they be physical things?"

All value in the Themisian economy will be entirely digital until "Internet Of Things" (IOT) becomes a living reality—i,e, Themisian "property tokens" can be assigned to physical things. That's a cool idea for the future though.

I hope that all helps, thanks again for your response!

5 days ago

This comment is not available, it has been removed for violating the code of conduct

2 weeks ago

My first impression about this is 'fairer economic', can we actually achieve it? The answer is certainly a 'No'. In reality we are not going to achieve fair economy even though we keep talking, planning and dream bout it. It is a fact that everyone knew from some centuries a go. Strong always over powered the weak, there were no word like 'I gave way' in real life.

In near future too, will be the same, we just planned out but in reality we and each and everyone of us will tend to get or take advantage of any situation that might crop up. It's a no hold bar situation to be exact. There is very slim hope to a e a fair tokenomic

2 weeks ago

Fair doesn't mean that everyone has the same. As Aleksandr Solzhenitsyn put it, "men not having the same capabilities, if they are free, they will not be equal, and if they are equal, then they are not free." More intelligent, capable, hard working, and well connected people will be able to produce more value in an economy, and will produce more income for themselves, whereas the less intelligent, capable and connected will find it harder to do so. What makes the Themisian economy more 'fair' is that it will be incredibly easy to invest in those highly productive individuals, as the value their create will be securitized in the form of Community Shares. So productive people are free to produce value and profit from their hard work, while less productive people are free to invest in those people and share in their profits.

5 days ago

adam bothamley new user

My first impression of Themisa's tokenomics is that the explanation seems to vague. I would love to see some easy to understand examples of application of tokenization to get a better grasp of how it works. It sounds like you are able to trade representative shares of concepts and entities. How are the terms set? What is the medium this takes place on? My first impression is that without knowing more it either does not offer a unique service or it does and I don't quite understand what problem Themisa is solving. Do I understand how all value can be "securitized" with "community shares"? I am not 100% sure. Is this something a person or company can do in addition to registering as a business, or instead of? If someone sells shares of them self do they have to distribute their earnings for the rest of their life? How are disputes settled? I think I understand that a project can be made into coins, being incredibly divisible so any size share can be bought making investing more accessible.

2 weeks ago

Hi Adam, I'll copy/paste a response I gave early in regards to how the Community Shares will work:

"These [Community Shares] are also fixed supply tokens, so lets stick with the assumption that there will always be 1 million minted whenever a citizen creates his or her own Community Shares.

In the main Themisian citizen's account/wallet, any citizen will be able to create their own Community Shares—but at a Kingsilver cost that stops people doing so arbitrarily. When they create their Community Shares, which they custom name, for example, Thew Shares, they have to allocate those shares to some form of value creation within the Themisian economy. The options for the possible ways in which value can be created will grow as new platforms are created. To begin with, however, the first and only platform will be the court system, so the only way that a citizen will be able to earn money will be through Kingsilver bounties assigned to court cases. So Thew Shares could be assigned to all revenue you, Thew, earn in the Themisia court system. As you own all 1 million Thew Shares, you will get all of the revenue you earn.

If you wish to, however, you could sell some of your Thew Shares on the Themisia Exchange (which will possibly be called the Kingsilver exchange), which is where all Community Shares will be listed and tradable with Kingsilver. Alternatively, and probably a better option for new Community Shares, you could create a 'token sale' page on the Themisian website where you lay out your case for why these tokens are valuable, and why their value will increase in the future, and in so doing attempt to raise capital to fund your work on the Themisia courts. If your truth discovery work goes really well, and the revenue you, and subsequently your Thew Shares, grows, you will be able to sell more small portions of your Thew Shares later for much higher prices and raise much more capital to fund your ongoing investigation work.

Essentially Community Shares allows any citizen to securitize their value production, allowing other citizens to invest in them, and in so doing profit from their future success."

To answer your specific questions that the is not answered above:

1) "Is this something a person or company can do in addition to registering as a business, or instead of?"

The 'registration of a business', as in the official record of the existence of, and the owning of, a business, is something that would be represented by the Deed Token (one of the Property Tokens), and then custom Enterprise Shares—e.g. Truth Seekers Ent Shares—which are similar to Community Shares except the revenue they generate is from dividend payments, rather than 'all revenue'. So they function the same way shares in a company do in regard to how the owners of those shares earn income. Enterprise Shares, e.g, Truth Seekers Ent Shares will be tradable with Kingsilver on the main Themisian (Kingsilver) exchange.

The actual creation of a business within the Themisian economy can be done within the business section of the main Themisia account/wallet, which will provide citizens with all of the tools they will need to create their business with the above mentioned tokens.

2) "If someone sells shares of them self do they have to distribute their earnings for the rest of their life?"

If someone creates a Community Shares token, the revenue it generates is automatically distributed to the owners of that token. So if they sell a percentage, that revenue percentage is gone forever unless they buy some their tokens back. Value creators will therefore be highly motivated to keep as much of their Community Shares as possible, especially if they create a master Community Shares token that represents all of the value they will ever create within the economy, e.g, Aslen Claymore Shares. So Community Shares can be nested within Community Shares. I could create a master Community Shares Token called Aslen Claymore Shares, which distributes the revenue I earn from all my other child Community Shares tokens that represent the revenue I earn from all kinds of different projects within the Themisian economy—e.g, Claymore Investigation Shares, Claymore Coaching shares, Claymore Trading Shares, etc.

3) "How are disputes settled?"

Using the Themisia Court System, specifically the Community Court, which is the first court tier (the second is the High Court, and the third is the Supreme Court).

I hope that helps explain things, thanks again for your comments!

5 days ago

I agree with all other people who commented before me,I think your Idea is same like any other exchange.

2 weeks ago

Hi Shihab, I'm afraid I don't understand your comment, can you elaborate?

5 days ago

I mean that this idea like many exchanges, but I hope you can achieve your goal from it

13 hours ago

Hide sub-replies
NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Enterpr

I like the idea that this project is trying to propagate and also the measure that it has put in place to make sure that these idea are worked out into facts and figures. I would say that these idea should be broadcast over and over again till it is imprinted into the mind of those that wants yo use it, because if the investors dont have same goal as the creator there will be chaos along the line.

Also i think a lot of work should be done in setting up walk in centers around the globe where persons can go and ask for more information concerning this and also get accurate feedback on it.

The project is top class and will go a long way in making things easier on the internet. 

2 weeks ago

Thanks Naruto. Walk in centres sounds cool. Another option, if the price in hardware becomes more affordable, is virtual reality 'walk in' centres which can be access from anywhere in the world. The application of virtual reality for a virtual society is immense and exciting!

5 days ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Enterpr

VR thats very true indeed. lovely to hear also.

2 days ago

Hide sub-replies
H Q expert

I agree with other people who commented before me, the idea seems like every other exchange. The main question I'm having is about the proof of precious metals in vaults? How can an investor verify it. 

 

2 weeks ago

Hi Husan,

I'm not sure what you mean by the idea being like an exchange. There will be a 'national exchange', which will either be called the Themisian Exchange, or the Kingsilver Exchange, where all Economy Shares (Themisia Shares, Community Shares & Enterprise Shares) can be traded for Kingsilver, but that is just the central hub for Economy Shares trading. It is one piece in the puzzle, but it isn't the entire idea.

Regarding the proof of precious metals, I'll copy paste a response I left earlier which I think should help explain this:

"One of our advisors is Anthem Blanchard who owns Anthem Gold, a cryptocurrency backed by real gold, Anthem Vault, the vaults that his gold stored in, and Hercules, the blockchain supply chain management software that allows anyone to trace every Anthem Gold token to its stored gold in his vaults. So we have a great person on the team who will be helping Themisia get Kingsilver set up properly. So we will most likely use Anthem Vault as the first place where we store our precious metals, and then once the project has matured we can think about diversifying the precious metal vaults in other jurisdictions across the world, but all of which will use Anthem's Hercules supply chain management solution to allow everyone to verify the existence and location of the precious metals that is backing their Kingsilver."

So to learn more about how Kingsilver's stored precious metals will be verifiable, you can check out www.anthemgold.com, and the supply chain management blockchain over at herc.one. The Themisia whitepaper, when released, will also offer a more detailed explanation.

5 days ago

yosep novia new user

Yossep

I think tthat this kind of virtual copy of the overall value of the market serves as a good idea for physical countries loolooking alternatives to fiat

2 weeks ago

TOM STEEL expert

I will say that from the last tasks here my first impression of Themisia was awesome and i would to be an active partaker of its activities, And the idea to make value equal is the best idea that i have heard in a long time, most especially coming from those at the top that can easilly have everything to themselves.

I will say simply that i dont fully understand the whole process, but will defintely keep in touch with all their programs to stay updated with it and come to know better and understand better the system of the future. The best ever nation.

2 weeks ago

Thanks Tom!

5 days ago

Revolutioner in crypto

2 weeks ago

Thanks Riyaa!

5 days ago

Its stable coin crypto wow great with real gold silver and platinum at bank i think its will be famous in the future real crypto real gold rebolutioner

2 weeks ago

I think tthat this kind of virtual copy of the overall value of the market serves as a good idea for physical countries loolooking  alternatives to fiat.

2 weeks ago

the website is not working

"

Page not found

The page you are looking for doesn't exist or has been moved."

2 weeks ago

joe Šovčík

Experimenter, Goal to understand humans and delight them (I'm human, too )

Fixed now, feel free to check again.

2 weeks ago

This comment is not available, it has been removed for violating the code of conduct

2 weeks ago

The biggest thing I get from this is trying to somehow create a level playing field for everyone which I completely agree with but I'm just not convinced if this will be implemented in the way previously stated. It's an interesting concept but I'd like more information on how we would be able to create tokens and then exchange them.

Distributing community shares is a great way of incentivising members to invest into the project thus making the currency circulate between members increasing it's value.

2 weeks ago

Hi Highbury,

I'll copy/paste a response I left under a comment above that I think will help you understand how Community Shares work.

"These [Community Shares] are also fixed supply tokens, so lets stick with the assumption that there will always be 1 million minted whenever a citizen creates his or her own Community Shares.

In the main Themisian citizen's account/wallet, any citizen will be able to create their own Community Shares—but at a Kingsilver cost that stops people doing so arbitrarily. When they create their Community Shares, which they custom name, for example, Thew Shares, they have to allocate those shares to some form of value creation within the Themisian economy. The options for the possible ways in which value can be created will grow as new platforms are created. To begin with, however, the first and only platform will be the court system, so the only way that a citizen will be able to earn money will be through Kingsilver bounties assigned to court cases. So Thew Shares could be assigned to all revenue you, Thew, earn in the Themisia court system. As you own all 1 million Thew Shares, you will get all of the revenue you earn.

If you wish to, however, you could sell some of your Thew Shares on the Themisia Exchange (which will possibly be called the Kingsilver exchange), which is where all Community Shares will be listed and tradable with Kingsilver. Alternatively, and probably a better option for new Community Shares, you could create a 'token sale' page on the Themisian website where you lay out your case for why these tokens are valuable, and why their value will increase in the future, and in so doing attempt to raise capital to fund your work on the Themisia courts. If your truth discovery work goes really well, and the revenue you, and subsequently your Thew Shares, grows, you will be able to sell more small portions of your Thew Shares later for much higher prices and raise much more capital to fund your ongoing investigation work.

Essentially Community Shares allows any citizen to securitize their value production, allowing other citizens to invest in them, and in so doing profit from their future success."

5 days ago

Dean Walsh guru

Don't listen to me because of who I am, I'm nobody like everone else.

1. I think I understand the tokenomics and it seems to make sense, but the link in the first paragraph gives me a 404 error. Also your 'problem / solution' section here makes no sense and really puts me off. Firstly this 80 / 20 principle is presented as a 'problem', which is essentially saying you are socialists / communists. What you don't mention is that the reason is because if you take a team of people and give them a task then 20% of them will do most of the work and the others will be content to freeride on that work. The problem with socialist ideas that this natural wealth distribution is a problem is it dissassociates work from reward and therfore disincentivises work and incentivises freeriders. Ultimately you get what you pay for so this leads to a reduction in work and an increase in freeriders. Also your solution in no way addresses what you define as the problem, or at least you don't say how it could possibly have any impact on it and I don't see how it would - there is no real connection between your presented problem and solution that I can see.

2. Yes, this seems reasonable and isn't too hard to understand.

2 weeks ago

joe Šovčík

Experimenter, Goal to understand humans and delight them (I'm human, too )

The apge was fixed now, feel free to check again and leave extra feedback if you want to.

2 weeks ago

Hi Dean, that is a great comment.

Firstly, the Pareto Principle isn't a problem, it's a reality that cannot be changed. What is a problem is the eventual and inevitable end-result of a that principle, which is that the divide between rich and poor becomes so great that the poor, out of resentment and desperation, revolt against the rich.

One solution to this is to 'tax the rich', but the problem with that is that you then the rich then just organise their businesses and wealth so that they exist in more tax friendly jurisdictions.

I agree with you 100%. Socialism / communism doesn't work, and that is the complete polar opposite the Themisian economy. Themisia is a free market capitalist system.

The Themisian 'solution' is providing an easy and accessible path for anyone to invest in these highly productive people, or any of their projects. If every citizen is free and able to invest in the Community Shares (or Enterprise Shares) of individuals that are either already very successful, or even better, show promise of being very successful in the future, then instead of 'the poor' being resentful or the rich and wishing their downfall, they will wish them the best of success, as they now will now share in their success.

I hope that makes sense!

5 days ago

Eric Dexter expert

I am sorta iffy on backing a currency with platnum.  Backing it with more than one metal turns it into a mutual fund.  I would do it with just gold or silver.

2 weeks ago

Hey Eric, the specific precious metals will be chosen later, but we like the idea of having a variety of metals as it will make the value of Kingsilver more stable. There are already cryptocurrencies / stablecoins in existence that will be backed by a portfolio of digital assets, including precious metals, so I don't believe that you are correct that it will automatically be a mutual fund. This is obviously something for which we would seek the best legal council before beginning development.

5 days ago

This comment is not available, it has been removed for violating the code of conduct

2 weeks ago

jessica ruiz

jessica ruiz

The idea is really interesting but I have several questions to ask at this time. Why in the current digital world do you choose to use a token linked to tangible assets such as precious metals? How will you legally protect yourself from seizing the states? How will you protect yourself from a possible massive theft of assets? Will the shares generate dividends?

2 weeks ago

Hi Jessica,

Thanks for your questions, let's go through them…

1) "Why in the current digital world do you choose to use a token linked to tangible assets such as precious metals?"

We believe this to be the best way of ensuring the fundamental and stable value of a national currency. Real, physical precious metals.

2) "How will you legally protect yourself from seizing the states?"

I believe the solution to this is diversifying the vault locations in jurisdictions across the world, but also making sure that Themisia is always complying to all international regulations. We aren't trying to create a pirate state that disregards the rest of the world. Themisia wants to create an alternative economy, but not a hostile, rogue, blackmarket economy.

3) "How will you protect yourself from a possible massive theft of assets?"

We will make sure that the security protocols at every vault location is to the highest standard, and then on top of that all the precious metals will be insured against theft.

4) "Will the shares generate dividends?"

Kingsilver will not, as it is just the Themisian currency, like the U.S dollar or the British pound. But Themisia Shares will pay out the Kingsilver transaction fees, Community Shares will pay out the revenue from the projects they are allocated to, and Enterprise Shares will pay out the dividends from the businesses they are allocated to.

5 days ago

1. Theamisia's Tokenomics is quite clear and and give some value and relevance to the innovation and initiaves of citizens. The Community Shares is a great way for citizens to value and earn from their ideas. I am tempted to believe that citizens who buy the shares will earn dividends. It not stated. I think its a great concept and viable way to start a business.

2. I understand it well.

2 weeks ago

Ermal Memushaj new user

Reading the description here and on the website is not clear how to create a token in the tokenomics, by using real money? The tokenomics is not explained in a clear way and i think there should be a real example of a project to found, how to create the token, how other people can invest in it and how can it create a value for the investors. I understand the concept of securing the economy with 'Community Shares'.

2 weeks ago

Hi Ermal,

I'll copy/paste a response I left under a comment above that I think will help you understand how Community Shares work.

"These [Community Shares] are also fixed supply tokens, so lets stick with the assumption that there will always be 1 million minted whenever a citizen creates his or her own Community Shares.

In the main Themisian citizen's account/wallet, any citizen will be able to create their own Community Shares—but at a Kingsilver cost that stops people doing so arbitrarily. When they create their Community Shares, which they custom name, for example, Thew Shares, they have to allocate those shares to some form of value creation within the Themisian economy. The options for the possible ways in which value can be created will grow as new platforms are created. To begin with, however, the first and only platform will be the court system, so the only way that a citizen will be able to earn money will be through Kingsilver bounties assigned to court cases. So Thew Shares could be assigned to all revenue you, Thew, earn in the Themisia court system. As you own all 1 million Thew Shares, you will get all of the revenue you earn.

If you wish to, however, you could sell some of your Thew Shares on the Themisia Exchange (which will possibly be called the Kingsilver exchange), which is where all Community Shares will be listed and tradable with Kingsilver. Alternatively, and probably a better option for new Community Shares, you could create a 'token sale' page on the Themisian website where you lay out your case for why these tokens are valuable, and why their value will increase in the future, and in so doing attempt to raise capital to fund your work on the Themisia courts. If your truth discovery work goes really well, and the revenue you, and subsequently your Thew Shares, grows, you will be able to sell more small portions of your Thew Shares later for much higher prices and raise much more capital to fund your ongoing investigation work.

Essentially Community Shares allows any citizen to securitize their value production, allowing other citizens to invest in them, and in so doing profit from their future success."

5 days ago

Oxu Remini guru

Supporting the national Themis currency with real precious metals will ensure that Themisia is protected from the fiscal policies of other nations and transformed into a stable national currency.

The idea of projecting and raising money in the community and using them in projects that are beautiful are very well thought out.
Thus, a brand, product, a company or a service will become more useful in the community.

The fact that these shares will be used in a stock exchange in line with the supply and demand will strengthen the economy of the community.

However, the community identifier should be used in other exchanges.

2 weeks ago

Hi Oxu, all of the Economy Shares (Community Shares, Themisia Shares & Enterprise Shares) will only be tradable (with Kingsilver) on the main Themisia (Kingsilver) Exchange, since with there being potentially thousands of custom Economy Shares, we need our own Exchange to easily host them all.

We will be working hard, however, to get Themisia Shares (the primary investment vehicle) and Kingsilver on all of the biggest cryptocurrency exchanges. So one day you would expect to be able to trade Themisia Shares and Kingsilver with Bitcoin, for example, on Bittrex, Binance, Poloniex, etc.

5 days ago

Ejay Dario expert

I'm more experience and know the circulation in this Blockchain Industry.

1.My first Impressionss of Themisia's tokenomics was great, this is the future for cryptocurrency. Good job for the team for providing a Great project that can help not only a person but the whole World. Thumbs up guys Job well done.

2. Definitelly Yes, I understand the value in the economy can be securitized with community shares and it can be help alot. Thanks for the Themisia team for this wonderful project for giving everyone insight and knowledge how this project work.

2 weeks ago

Thanks Ejay!

5 days ago