📦 Looking for the latest version? This project has been reorganized and is now actively maintained at greg-gzillion/TX. The code here is stable but no longer updated.
Blockchain-based auction platform for physical precious metals with integrated insurance funding mechanism.
- Purpose: Peer-to-peer trading of physical precious metals
- Fee: 1.1% per successful transaction For detailed fee model, see: docs/FEE_MODEL.md
- Features:
- Buy It Now & bidding functionality
- Real-time market data integration
- Seller-set grading premiums
- Coreum blockchain settlement
For detailed fee model, see: docs/FEE_MODEL.md Auction Platform Fees (1.1%): For detailed fee model, see: docs/FEE_MODEL.md
- 100% goes to insurance pool (building capital for future insurance)
- Developer stake: 10% ownership of accumulated insurance pool
Future Insurance Transaction Fees: For detailed fee model, see: docs/FEE_MODEL.md
- 10% to Developer (per insurance transaction)
- 90% to Insurance Pool (per insurance transaction)
- Activation: When insurance pool reaches sufficient capital
- Developer Stake: 10% ownership of insurance pool
- Insurance Fee: Will be competitive percentage (TBD) For detailed fee model, see: docs/FEE_MODEL.md
- Developer Share: 10% of all insurance transaction fees
Phase 1: Building Capital (Current)
- Single escrow account: All auction fees accumulate in insurance pool
- Developer ownership: 10% stake in total insurance pool
- Future insurance: Developer receives 10% of all insurance transaction fees
- Transparency: All allocations verifiable on XRPL ledger
- Frontend: React/TypeScript (port 3000)
- Backend: Express.js/PostgreSQL (port 3001)
- Blockchain: Coreum (CosmWasm smart contracts)
- Insurance Services: Ports 3200-3204 (calculator, risk assessment, quotes, RLUSD monitor)
- ✅ Auction platform functional (http://localhost:3000)
- ✅ Backend API operational (http://localhost:3001)
- ✅ Insurance module services ready (ports 3200-3204)
- 🔄 Insurance pool: Building capital (0 → 50,000 RLUSD goal)
- 🔄 Smart contract deployment: In progress
- Repository: https://github.com/PhoenixPME/coreum-pme
- Primary Developer: Greg (@greg-gzillion)
- Contact: gjf20842@gmail.com
apps/frontend/- Auction interfaceapps/backend/- API serverapps/insurance-module/- Insurance servicescontracts/- Coreum smart contractslegal/- License and commercial terms
- Auction platform fee (1.1%) builds insurance capital
- Developer owns 10% stake in insurance pool
- When insurance launches: developer gets 10% of insurance transaction fees
- All fees escrowed in RLUSD on XRPL
- Insurance activates automatically when pool reaches threshold
- Built for Coreum blockchain, compatible with upcoming tx (Coreum + Sologenic) Use Control + Shift + m to toggle the tab key moving focus. Alternatively, use esc then tab to move to the next interactive element on the page. No file chosen Attach files by dragging & dropping, selecting or pasting them.
For detailed fee model, see: docs/FEE_MODEL.md See: legal/FEE_MODEL_SIMPLE.md
- Code is original work by Greg (@greg-gzillion)
- Copyright exists automatically
- Licensed under GNU GPL v3.0
- "PhoenixPME" name is in use
- Not a registered trademark
- Consider registration for formal protection
- Open source code: GPL v3.0
- Potential revenue: Hosted service, consulting, custom development
- Competition: Others can fork under GPL terms
We've successfully deployed the TESTUSD token as the foundation for our precious metals trading protocol.
- Documentation: TESTUSD Token Creation
- Transaction:
37EC84596A02687D8F77E7D92538F518CCE847D8B4A325732B911FD0B0D35E9A - Token: TESTUSD (6 decimals, 1000 initial supply)
✅ LIVE ON COREM TESTNET
The foundation token for PhoenixPME auctions is now operational.
- Symbol: TESTUSD
- Denom:
utestusd-testcore1tymxlev27p5rhxd36g4j3a82c7uucjjz4xuzc6 - Decimals: 6
- Created: $(date)
- Transaction: 37EC84...5E9A
See docs/TESTUSD_TOKEN_CREATION.md for details.