DAILY FUN: Toilet Paper Token - by CMC

All credits to CoinMarketCap.com.

Original post is here: https://blog.coinmarketcap.com/2020/04/01/toilet-paper-token-wipe-paper/?fbclid=IwAR0jzWDFokLb7m7ot6Fygl-X22dDe34YtMcMpxPuDtRfm73R5iL2DiJ8ujY

What is my part? Basically just sharing with a greater audience and making it shorter. Hope you enjoy! It made my day.

Toilet Paper Token Wipe Paper

INTRODUCTION

The evolution of modern day toilet paper has come a long way. Before the invention of the double, triple-ply squares, human civilizations used a wide range of objects throughout the years like rocks, corn cobs and pieces of wood while the wealthy preferred fabrics like wool or lace that posed less of a threat to the body’s vulnerable parts.

The modern-day concept of toilet paper was conceived in China in the 6th century. When paper became mass produced, newspapers were widely distributed and reused as toilet paper. Commercial toilet paper made a splash on the scene in 1857. Marketed as a medical product that prevented hemorrhoids, they were priced at a modern equivalent of $12 for 500 sheets.

Although modern industrialization has been able to successfully produce toilet paper for decades, the alarms sounded by the COVID-19 pandemic have made toilet paper a commodity of extremely high demand — so high, in fact, that it was out of stock in stores worldwide and caused societal unrest among customers. In November 2019, toilet paper consumption was at about 10 billion rolls per month worldwide, with an average of two rolls purchased per month for personal use. Due to corona, rates have increased by one roll per person on average (monthly), with quarantine and stay at home notices by the government that subsequently have forced citizens to purchase more toilet paper for home use. By late February 2020, roll usage skyrocketed to 15 billion rolls globally.

UTILITIES - Why Tokenize Toilet Paper as a Digital Asset?

To keep track of the total number of rolls that users (wipers) have purchased, and to maintain a record of how many rolls you are guaranteed and how much toilet paper each household is entitled to receive.

The implication of this system is no more hoarding or grocery store fights for the last set of rolls. Should stores run out of stock, TPT holders will be the first customers to be notified of restocking the preferred customers to receive supplies.

Holding TPT ensures wiper integrity and the fair distribution of toilet paper worldwide, which ultimately contributes to TPT’s mission: saving humanity from regressing downwards to the first two levels of Maslow’s needs hierarchy. Our dignified roll is to maintain our position at our rarefied spot at the “turd level,” where love and belonging abounds.

Maslow’s Hierarchy of Needs: https://www.simplypsychology.org/maslow.html

BUYING TPT

The Toilet Paper Token will go on sale April 1st, 2020 on Shitake Exchange. All wipers must take the Ply Count quiz, which mathematically determines the correct number of TPT that wipers can purchase on a monthly basis.

Once tokens are sent to the company, they are burned to prevent companies from holding large amounts of TPT and gaining a monopoly on the TPT supply.

Corn-sensus Algorithm

Toilet Paper Token leverages multi-blockchains to buttress its data fidelity.

Our Know-Your-Colon (KYC) process works with our bog-standard proof-of-wipe chain, facilitating each user’s KYC check that they are able to wipe by themselves, as users that don’t fall into this category are unable to participate in the token sale. Our research has shown that the early age of entry is 3-years-old.

Proof-of-flush keeps track of how many toilet paper rolls each TPT wiper has used in order to prevent going over the allotted quota. This will be functionally similar to how some projects burn or destroy tokens.