Block.One: Leasing Tokens 'For A Purpose' and Airdrop Update

The Chintai project Telegram channel was alight ahead of the kick off calls (7am & 5pm UTC, Mar 13). This followed two valuable updates from Thomas Cox, after his meeting with Daniel Larimer, which provided some much needed clarification on what leasing tokens means in practical terms.

One issue across the EOS community has been the question of whether token leasing constitutes a change of ownership such that any token airdrops in the duration would be assigned to the dApp (lessee) instead of the token holder.

Thomas Cox's current understanding is that: "There WILL be some built-in functions to support leasing, such that token ownership need not transfer, thus airdrops should land on the owner."

While still to be fully confirmed, it seems that tokens will also not just be able to be leased for bandwidth but for a purpose, which could include voting. This has design implications for the burgeoning Chintai community to consider when debating the technical design, as this now introduces categories of leases. Additionally certain lease categories therefore will have mandatory terms such as 6 month minimum for a voting lease due to the token lock up facility.

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Chintai is an open source, community project for a distributed, peer-to-peer token leasing platform.

For more information please review the Chintai whitepaper (English / Korean / Chinese / Spanish): https://github.com/eos42/Chintai/tree/master/whitepapers

The Chintai project forum is now live on dappEOS: https://forum.dappeos.io/c/dapp-chintai

Chintai Telegram: @ChintaiEOS