Bitcoin Cash Futures Tokens

This campaign is to fund a Bitcoin Cash Futures "app".

The app will allow anyone to lock their BCH as a fungible token (redeemable for BCH after a specific block time) with a mechanism to provide some small incentive for doing so.

These resulting fungible Futures tokens should be 100% fully-backed and auditable with a contract controlled issuance and redemption mechanism. The Vault contract will rely on simple absolute block timelocks to prevent early redemptions (BIP65, OP_CHECKLOCKTIMEVERIFY c. 2014).

The Future Vault will be self-service. Any user may lock their own coins and obtain a fungible Futures token for a desired blocktime without ever participating in a market place or dex.

In addition to the Vault, there will be tools for "Coupon" contracts, able to hold outputs that may only be used to provide an incentive to place one BCH into the Vault. The outputs on the "Coupon" offer a discount, paid "up front" to the user locking coins. The prevailing coupon rate accepted by the market (sats per coin per block) may act as a kind of defacto market interest rate or coin denominated interest bearing instrument on Bitcoin Cash.

Coupons are simple UTXOs or outputs sent to the coupon contract directed at a specific futures Vault. As time progresses, the effective rate of return for unclaimed coupons increases as the number of remaining blocks decrease.