Mortgage-based trust-free self-service transaction system

The self-service transaction system based on mortgage-free trust established on the EOS mainnet smart contract aims to establish an efficient, simple, low-cost, safe and compliant transaction system so that people can exchange items easily and quickly.

PPOJECT DECLARATION

From a macro perspective, understanding EOS’ current predicament is only part of the cycle. Just like when we see a tree full of fruit, after the ripe fruit falls, only a few seeds from the fruit will sprout out in the coming year. Others are eaten or rotted due to various reasons. Can participate in a new round of growth. Whether EOS can re-root and sprout in the next cycle depends on many factors. But the core factor is whether he can breed enough innovative things with his own advantages. These innovations can lead to a series of other innovations and generate a self-circulating ecology. The formation of the ecology means the success of EOS.

The background picture of this site is very suitable for the current situation of EOS. The background of the fisherman fishing alone in the winter snow is a white snow and a bleak scene. Only the plum blossom is a little bit of anger in this depressed scene, and the hope and hope for the coming spring. A single spark. The EOS ecosystem has also experienced what it means to be non-human, which is just like what "Internationale" sings:

There are no supreme savious
Neither God, nor Caesar, nor tribune.
Producer, let us save ourselves,
Decree the common salvation.

I also have a deeper understanding of the connotation of decentralization: decentralization is just a way to deal with problems. It has its advantages as well as its shortcomings. The development of ecology requires flexible application of various methods, rather than sticking to a certain fixed way of thinking. Just like the thinking of China's reform and opening up, black cats and white cats are good cats if they catch mice. Each stage applies the methods corresponding to each stage, solves problems in development, and develops in solving problems.

A single branch is not spring, but a garden is full of spring when a hundred flowers bloom. The fisherman system is a micro-innovation in this ecology. It is willing to be a flower in the garden. He focuses on applying blockchain technology to solve the pain points in real life, a practical function. I think many people will use the demand function in the future. This project can also be regarded as a subtle spontaneous force for ecological self-help. The project team is also continuously accumulating technology in the EOS technology ecosystem, superimposing cross-border technology accumulation. The project is just the beginning. The follow-up will either carry out a series of innovations based on the system, then it is also possible to introduce cross-border application examples.

Saving the ecology is also saving ourselves. The ecological project has already taken action. Let us work together to get out of the predicament.

Fisherman System Project Team
2021-11-21

ROADMAP

Minimum Viable Product(MVP) Audit DAO Open source telegram bot

COMMUNITY Q&A

Q1:What is the project and what problem does it solve?

A1:The project is to build an information-free peer-to-peer transaction system based on mortgage. It can be seen in this way that the system is divided into two layers: Level 0 provides a safe guarantee layer for transactions, mainly the management of collateral, solves the problem of maliciously locking the collateral, and realizes the security of the collateral. The collateral will no longer participate in the flow of both parties. Only flows between users and contracts. Level 1 is based on Level 0, realizing low-cost exchange of actual transactions. Through this system, two people in any part of the world (including the meta-universe world) can realize safe and low-cost transactions through the system when they have transaction needs. It can support the transaction of goods, money and money, that is, theoretically everything can be traded.

Q2:Is the project's currency issued? What should I do if I want to invest in the project?

A2:The project model can issue coins or not, that is, currency models and non-currency models. The currency issuance model can support DAO, incentives, etc. in the early stage of investment and later stage. The currency model has been very mature in the currency circle. The currency-free model mainly takes into account the support of the mainland's policy environment and compliance considerations. As the NFT standard in the EOS ecosystem becomes more and more mature, a stable platform has emerged, and there are continuous projects appearing. Therefore, this project will consider issuing a limited number of NFTs to participants who donated in the early stage, and then invite them to participate in the launch of the project after the completion of the project, generate invitation codes through NFT, and establish a marketing and incentive network.

Q3:What is the difference between this project and escrow?

A3:There are two differences：
1. The management objects are different. Third-party escrow (ESCROW) temporarily escrows user transaction funds, while FisherSystem manages collateral.
2. The cost is different. ESCROW requires deep involvement of a third-party entity (person). It is complicated and expensive. Sometimes the transaction cost is even greater than the price of the transaction, and small and medium orders may not be accepted. FisherSystem does not require the intervention of a third-party entity. The third-party is a smart contract, which can realize safe transactions through a number of logical combinations, which is efficient, simple and low-cost, and covers a wider range of scenarios.