TrustNote to Make iToken.top Open Source
By: Christopher Thomas Williams
Tags: Blockchain, Token, Open Source, Token Economy, Announcements

TrustNote’s revolutionary iToken.top token creation platform allows anyone to create their own tokens in a few easy steps. TrustNote has now made the exciting decision to make the iToken platform open source, opening the platform up for developers to make their own improvements to it, or to incorporate iToken creation into their own services and software. In both cases, TrustNote will offer developers $TTT rewards for their efforts, according to the TrustNote Software Developers Incentive Program launched recently.

Improving the iToken.top Platform

iToken makes it incredibly easy for anyone to issue and manage their own custom tokens. The platform is designed so that non-expert users can issue a token within minutes. By making the process of token creation as simple as possible, TrustNote’s iToken platform aims to make the power of tokenized innovation available to anyone.

The iToken platform has been operational since June and already has a user-friendly interface with a straightforward guide to token creation. By making the iToken platform open source, TrustNote is looking to encourage new developers to help make the platform even better.

TrustNote will offer significant $TTT rewards for developers contribute to improving the platform. Developers are free to invent their own novel solutions to improve the platform’s usability and functionality.

One example of areas where developers could help is in strengthening the underlying trust users have in tokens issued through the platform. At the moment, there are no restrictions on the tokens that can be created. Freedom of innovation is a core principle of the TrustNote ecosystem, but there is a need to place some restrictions on this freedom. For example, it shouldn’t be possible for malicious actors to create a token which carries the same name and symbol as an established cryptocurrency.

There are some proven methods for mitigating the risks associated with the freedom afforded by the iToken platform. Instituting some level of KYC verification could help guard against malicious use of the platform. But maybe you have a better idea?

By making iToken open source, TrustNote is following through on its belief in the power of true decentralization. Developers are now free to create their own novel solutions and improvements to the platform. And contributions will be rewarded with TTT tokens.

Incorporate iToken into your own projects

Making it easy for anyone to issue their own tokens is a powerful idea. Ethereum has an incredibly steep learning curve for token creation. Other networks such as NEO charge hefty fees for creating tokens to be used within their ecosystems. TrustNote enables low-cost and straightforward token creation for everyone. On top of that, TrustNote is built on a distributed DAG ledger, meaning it allows for instant low-cost transfer of tokens. Tokens created through iToken are ideally suited for micro-transactions and other situations which require low-cost, high-speed token transfer.

There is no limit to the real-world applications of tokens created through iToken. You could integrate token creation into a social network, where users are able to issue their tokens to reward followers or content producers. You could integrate token creation into online games, where tokens are used as in-game currency or rewards for teammates. Tokens could represent loyalty points, virtual casino chips, upvotes, or anything else you can imagine.

A blockchain based voting system developed on TrustNote using python flask

Eliminating the knowledge barrier to token creation is a huge innovation made possible by TrustNote’s iToken platform. By making the platform open source, TrustNote is enabling developers to take this innovation to another level. This allows developers to integrate the added value of token creation to any project they desire. Alongside the benefits incorporating token creation into your own projects, TrustNote will reward developers who do this directly with $TTT tokens.

Get started

TrustNote aims to make the process of rewarding developers as straightforward and transparent as possible. You can find a guide to the steps needed to submit a proposal here.