[{"name":"json","type":"string","signature":"string json","value":{"name":"json","type":"string","value":"{\"description\":\"# How can a fungible token be designed to carry high symbolic value?\\n\\nWhen tokens are non-fungible this is an easy task. Many NFTs are designed to hold little or no monetary value, and high symbolic content.\\n\\nAs an example, [POAPs](https://poap.xyz/about-the-protocol) are minted to symbolize memories of specific moments and events in time and/or space.\\n\\nFungible tokens cannot escape holding monetary value, but can they be designed to allow a richer symbolic value as well?\\n\\n**Could we create a token still compatible with permissionless automated market makers, but also useful for holding non-monetary values?**\\n\\n# Can a token carry meaning?\\n\\nKernel in their essay brings attention to the [signature economies](https://sign.kernel.community/essay) embedded in blockchains:\\n\\n*“Signatures do not enclose, they bear individual witness to shared events. The messages you sign are at once totally unique—there is only one valid signer in the whole world—and yet they can be broadcast many times over, each time accumulating meaning.”*\\n\\nAnd then asks:\\n\\n*“Can we create a culture where value is propagated by ongoing response, rather than held captive in possessions?”*\\n\\n![signature economies](https://cdn.discordapp.com/attachments/700686323950026752/1139497889886908436/signature_economies.png?ex=662b7a9b&is=6619059b&hm=5bb7e6155b36ab45d7fb60d5171599ca1d2a132345b7af34ef176f926ab3c765&)\\n\\n# This token engineering research project aims to:\\n\\n- **explore the possibilities for designing a token able to carry and express symbolic value**\\n\\n- **develop open source smart contracts available for the community**\\n\\n- **deploy at least one example instance of a SymVal token as a demonstration of its potential**\\n\\n# Milestones:\\n\\n- Started custom token design project for the Center for Collaborative Investigative Journalism - ccij.io (January 2024)\\n- Smart contracts experiments deployed to testnet (December 2023)\\n- Website public launch (August 2023)\\n- Buddhism & Smart Contracts conversations (June 2023)\\n- Proof of Concept interactive token icon image (2022)\\n\\n# The path so far:\\n\\nWe started with the question: **How to code symbolic values in smart contracts?**\\n\\nInspired by ancient \\\"technologies\\\", we are exploring the idea of borrowing concepts and practices from Buddhism, such as prayer wheels, mantras, holy temples / stupas, with the goal of deploying a digital version of them to the blockchain.\\n\\nTo pursue this idea further, we have started a series of conversations with Marlon Barrios Solano, with the goal of arriving at a token model.\\n\\nMarlon is a creative technologist and researcher with a background in software engineering, improvisational dance, and embodied awareness, and also a resident meditation teacher and guest movement instructor for Kernel.\\n\\nAs an early experiment we also asked:\\n\\n**Can a token display more than just a balance in a wallet?**\\n\\nTogether with Simon Wairiuko from the Regro Project we proposed an idea for a token on the NEAR blockchain, taking advantage of the fact their token standard includes an on-chain token icon image supported by the NEAR wallet.\\n\\nSimon is an artist, farmer and developer, and he created an interactive SVG that shows day/night cycles, a tree's respiration cycle, and localized seasons like Winter and Summer, based on the device’s location and time zone.\\n\\nThis early experiment dealt only with the token UI display and not yet with the underlying contracts and logic, but was already a step towards the main research question.\\n\\nThe SVG can be visualized at: https://teia.art/objkt/651699\\n\\n![Regro interactive SVG](https://giveth.mypinata.cloud/ipfs/QmX7GnQZesGRvLhkCKnf4d1gZ6n1sfp3RKZpbYkGTFwSzD)\\n\\nOur first smart contract experiments are now deployed on Optimism (Sepolia testnet) and deal with inscribing a text \\\"mantra\\\" into the contract logic.\\n\\n![Mantra experimental contract interface](https://giveth.mypinata.cloud/ipfs/QmTo7Xbgka1yRSvXM37ttBySZoCQbVmuTQs4qXMVdd3L4j)\\n\\n\\n\\n\\n# Where we are:\\n\\nWe are currently in the token design phase. As we progress we will post updates on our website:\\n\\nhttps://symval.gitbook.io/\\n\\nOur code development can be followed on GitHub:\\n\\nhttps://github.com/lenara/symval/\\n\\n# Team:\\n\\nLenara Verle - https://twitter.com/lenara\\n\\nMarlon Barrios Solano - https://twitter.com/MarlonBarriosS2\\n\\nSimon Wairiuko - https://twitter.com/simon_wairiuko\",\"imageURL\":\"bafkreihn5bk7ona23npolnxunrh7b2ioudr4xsp2l66xcpl6dih2d5tql4\",\"title\":\"SymVal\",\"links\":[{\"type\":\"website\",\"url\":\"https://symval.gitbook.io\"},{\"type\":\"twitter\",\"url\":\"https://twitter.com/lenara\"},{\"type\":\"github\",\"url\":null}],\"slug\":\"symval\",\"type\":\"project-details\"}"}}]