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WHAT’S THE POINT?

GCASY and our crypto-strategy

GCASY is the beginning of GCAS’s longer term crypto-strategy. The full aim of the strategy is to decentralize and co-operationalize higher education. Here GCASY is the first step:

  • i) open-sourcing GCAS itself as a project inviting students, staff, alumni and friends to contribute value to the GCAS endeavor.

The next steps may be

  • ii) distributed fundraising for GCAS via cryptotokens (like an “ICO”) and

  • iii) tracking ownership (“equity”) and

  • iv) facilitating governance in GCAS via cryptotokens.

WHAT DOES THE GCASY TOKEN DO?

GCASY as value tracking

GCASY is a token for tracking contributions to GCAS. Think of GCAS as an open source project, our common goal that we want to support and build. The GCASY tokens are rewards for completing tasks that ytake the project onward; they track the value contributed to GCAS.

HOW CAN I GET GCASY?

GCAS publishes a list of tasks (the bounty sheet) that anyone can do in order to help.

Once you have completed a task, claimed your bounty, and the claim has been verified awards you the tokens.

The tokens can be used (redeemed) by getting services that GCAS (and, in the future, 3rd parties) offer in exchange of the tokens.

Step by step:

  1. Check the Bounty Sheet and find a task to complete.

  2. Do the task – and take down any links or other digital documents that can be used in verifying the task.

  3. Claim the bounty through the Claim Form.

    1. Wait for the Crypto Committee to award you your GCASh tokens!

WHAT ARE BOUNTIES?

You can see the tasks that GCAS promises to award with GCASH tokens in the Bounty Sheet.

Once you have completed a task, you can report it on the Bounty Report Form. You can also propose a task not on the Bounty Sheet to the Committee. If the committee agrees on the task, it can award tokens based on the completion of the task.

HOW TO CLAIM A BOUNTY?

Use the Claim Form.

WHEN ARE TOKENS ISSUED?

Every now and then, depending on the activity -- sign-up and receive updated information on issuance.

WHAT DO I NEED TO GET MY TOKENS?

It is quite simple. The only thing you need is an Ethereum address capable of receiving Ethereum tokens. There are several providers of Ethereum addresses, often bundled into a ”wallet” service that can do other things in addition to creation & access to an Ethereum address.

Once you have created the address and are familiar in accessing it, let Tere from the Crypto committee know your address. During issuances the Committee will send the tokesn to your add4ress. After that, the tokens are completely in your hands.

As always with crypto stuff, there are several possible levels of details one can plunge into. There is one level of detail that is crucial: make sure that the wallet/address service that you use supports tokens (most do, but not all). A list of such services can be found here.

Each wallet has its own instructions for use.

As Ethereum is open source technology, it is of course possible to go full-DIY, and not use a third party service or third party software at all.

Somewhere in the middle is something that can be recommended: choosing a software or a service that supports tokens and also gives you the private keys for that address. By storing your private keys securely you will always have access to your address, even if the service/software you initially used for the creation of the address disappears or becomes obsolete.

One service that can be recommeded is Metamask.

Here is a short video on how to create an Ethreum address using Metamask.

HOW DO I SEE MY TOKENS IN METAMASK?

Here is an article on how to see the tokens using Metamask. Follow the instructions for "custom token". The token symbol and contract address are below.

What is the token symbol for GCASY?

“It is GCASY”

What is the contract address for GCASY?

The contract address for GCASY is:

0x93846450c64ac6222d666aad9ec3aa5e86b0d048

WHAT IS THE LEGAL STATUS OF THE TOKENS?

GCASY is a vehicle for tracking valuable contributions to the GCAS, nothing more, nothing less. The tokens do not represent any monetary or financial value. GCASY tokens do not have any rights, uses, purposes, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features within GCAS. While GCASY may be redeemable in the future, all the risk is with the token holders. GCAS may or may not exchange its services for GCASY tokens. Further on, third parties may of may not exchange their services for GCASY tokens.

THE GCASH CRYPTO COMMITTEE

GCAS Crypto Committee is appointed by the Board of GCAS College Dublin. The board has given the committee the task of overseeing the functioning and development of GCASh. The committee makes decisions on GCASh, including issuing the tokens, the bounties, further development, and so on. Currently, the Committee consists of: Tere Vaden, Creston Davis and Julie Reshe. You can reach us through contact@gcas.ie or the committee member’s individual e-mails.

MORE

On Ethereum and Ether (ETH):

On ETHER.

The Ethereum project and its software can be found here.

On Ethereum Tokens:

On Ethereum tokens.

The GCASY token follows the ERC-223 standard. More on the standard here.