Hello PWN Stars,
Currently, the PWN “deed” is an ERC1155 token (NFT), representing a loan which is held by the lender until the loan is either paid in full or defaulted.
The term “deed” was initially chosen because it is a recognizable word in the physical world. However, we here at PWN are always looking to iterate and improve.
We would like to rename “deed” to something more unique to the PWN platform. This token will be the digital representation of a loan, held by the lender, within the PWN protocol.
We have been discussing this dilemma internally for quite some time, but would like to open the discussion to the PWN community to get broader feedback before we make a final decision.
A few of the ideas we have pitched internally are:
LOAN Token - an acronym with LOAN, but what does the acronym mean? Does it need a meaning? Some of us think it’s more amusing if we don’t actually define it, but we would love to hear what acronyms you can come up with.
PWN Token (Property Weilding Note) - same idea, an acronym. This one even has our company name in it! We still don’t know how to pronounce PWN. How do you pronounce it?
UOME Token - like a reverse IOU. You owe me. It’s cute, it’s also kind of an acronym. You can tell we like acronyms here at PWN.
Loan Token - simple, sweet, and to the point. We can also make it into an acronym! However, much like ATM machine already has machine right there in the acronym, we worry that calling it an LT token would be a bit redundant, redundant.
With that we leave the discussion to you! Let us know what you think. Do you like these ideas? Do you have any other ideas of your own? Are they acronyms?