Junkcoin is a crypto trading system where users mint new coins by sending a unique physical item (at their own expense) to a Junkcoin moderation warehouse. At the warehouse, the item goes through a multi-step process to ensure its originality.
Once deemed unique by a moderator, the item then goes into storage and one (1) new Junkcoin is minted and sent to the user. At this point, the coin is backed by the combined value of all the items stored in Junkcoin warehouses.
Done in collaboration with Connor Fredericks.