Looop StableCoin and Token

[joeephwild]

Looop StableCoin and Token Implementation

Overview

Implement a Looop-specific StableCoin and Token to power transactions within the Looop ecosystem. These tokens will serve distinct purposes:
• StableCoin: A fixed-value token for in-app transactions, ensuring users and artists are shielded from cryptocurrency market volatility.
• Looop Token: A utility token for governance, rewards, and other community-driven functionalities.

Requirements
1. StableCoin Development:
• Pegged to USD or another fiat currency.
• ERC-20 standard implementation.
• Ensure stability via a collateralization or algorithmic mechanism.
2. Looop Token Development:
• ERC-20 standard implementation.
• Include functions for minting, burning, and transferring.
• Add governance functionality (e.g., voting power tied to token holdings).
3. Integration:
• Enable compatibility with existing wallet solutions in the Looop app.
• Ensure seamless transfer and interaction for users within the ecosystem.
4. Security:
• Conduct thorough testing to ensure contract security and prevent vulnerabilities.
• Integrate with Looop’s starknet features for gas efficiency (if applicable).
5. Documentation:
• Provide clear documentation for the StableCoin and Looop Token contracts, including setup, deployment, and use cases.

Deliverables
• Smart contract code for both tokens.
• Deployment scripts for Starknet-compatibility.
• Test suite for token functionality and edge cases.
• Documentation and integration guide.

Additional Notes
• Align with the Looop ecosystem’s overarching strategy and goals.
• Collaborate with relevant teams (e.g., frontend, product) for integration.