RUNCOIN - A Token To Reward Your Running Activities, Is Live On Openledger

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In about 24 hours I'm starting the first important race of the season (for me): Mizuno Endure24 Bramham. It's a 24 hours race in a park around Leeds, during which we're going to circle around in 8km laps. It's not the first time I run such a race, I did 24 and 48 hours before, but each race is different and, to be honest, before each of them I get a decent amount of butterflies in my stomach.

So, this morning, before starting to pack (I'm leaving London for Leeds in the afternoon) I engaged in some stress reducing activities (others than staring at the walls or at the windows, that is) and issued a new token, called RUNCOIN. The idea emerged on Steemit, a few weeks ago, when some of my running followers suggested that a coin for runners will be an interesting idea. Think reward points, but tradeable.

Since @ned mentioned a month ago the possibility to have assets issued on the Steemit blockchain soon (by assets he meant tokens, primarily) and that possibility will be very much similar to what OpenLedger does now, I decided to issue this coin on OpenLedger too. For those of you unaware, OpenLedger is also built on the Graphene blockchain, the same technology that powers Steemit and, more recently, PeerPlays.

Now, it's not the first time I issue a token and it's not even something extremely difficult or complicated. On the contrary, the technology became really simple and the process is less brain intensive than a jigsaw puzzle. The goal was to make sure I'm familiarizing myself with the whole idea of managing my own token, in preparation for the Steemit asset tokens feature (which, I have a hunch, will be correlated with the communities feature).

So, without further ado, here's the basic info:

Name: RUNCOIN

Maximum supply: 8,888,888 (8 is a lucky number in Asian numerology)

Precision: 8 digits (I told you, lucky)

Initial price: 0.25 BTS (just trying to get it to $1)

Available supply: 88 (merely to provide some initial liquiditiy)

I already did a bit of market making, just to make sure the orders are placed correctly, etc, here's where you can trade it:

Runcoin market

You can buy RUNCOIN with any token that is tradeable on the bitshares platform (Bitshares, Steem, SBD, etc).

Now, what I should do with it? For now I'm just announcing that it exists, but in the (very) near future I will start distributing it to people who can prove they are running. For instance, if you can prove you ran 10 km today, you will get 1 RUNCOIN.

If there's enough traction, I will obviously make an app in which the process will be automated (APIs from Strava and other apps, directly integrated with the coin supply).

Now it's time to pack. I will try to write a more updates but I have no idea about internet access at the location.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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You can also vote for me as witness here:
https://steemit.com/~witnesses

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If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):

• Rewards: Were Does The Money Come From?
• Netiquette: How To Avoid Being A Steem Douche?
• Witnesses: What Are They And Why Should You Care?
• How Can I Mine Steem And What CPU / GPU Power Do I Need For That?