Build a crypto
Budget: $1,500 – $3,000 USD
I want to create 2 interlinked cryptos (lets say the name is 1.Mergify, 2.MergeFuel)..
For example, I have 7 Bitcoins, 3 Ethereums, 5 BNB… I want to put all these into one coin. This is not possible. Therefore, Mergify comes to solves this.
Solution:
I send all these bitcoins, ethereums, bnbs to mergify decentralized wallet… I will also need to put mergefuel tokens with them (depending on total value of bitcoins,ethereums,bnbs)… then I hit merge button.. all the wallets of btc, eth, bnb, mergefuel will be locked… the private key of all wallets will be encrypted. After the merge process finishes, the outcome will be a mergify nft token..
This mergify nft token is the only way to open all the wallets back again… it will be able to decrypt the private keys of the wallets and regain access…
the decryption could be done through one of the following options: 1. Attaching the decryption keys of private keys to the nft itself (but it should be hidden from the public). , 2. We could attach the decryption key into a online decentralized cloud, which will only access when we put the nft mergify token back to regain access to the wallets
This is a simple explanation to get basic idea, a lot of changes might occur after we start working and I get some recommendations from you..
For example, I have 7 Bitcoins, 3 Ethereums, 5 BNB… I want to put all these into one coin. This is not possible. Therefore, Mergify comes to solves this.
Solution:
I send all these bitcoins, ethereums, bnbs to mergify decentralized wallet… I will also need to put mergefuel tokens with them (depending on total value of bitcoins,ethereums,bnbs)… then I hit merge button.. all the wallets of btc, eth, bnb, mergefuel will be locked… the private key of all wallets will be encrypted. After the merge process finishes, the outcome will be a mergify nft token..
This mergify nft token is the only way to open all the wallets back again… it will be able to decrypt the private keys of the wallets and regain access…
the decryption could be done through one of the following options: 1. Attaching the decryption keys of private keys to the nft itself (but it should be hidden from the public). , 2. We could attach the decryption key into a online decentralized cloud, which will only access when we put the nft mergify token back to regain access to the wallets
This is a simple explanation to get basic idea, a lot of changes might occur after we start working and I get some recommendations from you..