Extending tokens with external Metadata using signed JSON, Whitepaper.

Hi everyone, this is a follow-up to my previous post https://www.reddit.com/r/ethereum/comments/146zfj6/why_did_the_erc20_token_standard_not_include/. It received significant attention and the comments provided valuable insights. Since then, I have made progress and wanted to share my findings in this second post. Initially, my goal was to find the best way to write additional metadata for tokens on-chain. However, it became clear that off-chain solutions are more suitable and offer several additional benefits.

I have written a short Whitepaper outlining the idea, which you can find here: https://www.tokenid.dev/introduction/white-paper. I would greatly appreciate any comments and feedback before I finalize it. In a future post, I plan to provide more details, specifications, and share some initial code implementations. I have already shared the Whitepaper with friends through DMs and now want to share it with the community here.

Want to emphasize that this idea is not associated with any token sale. If there is support for it, the code will be open source, and the generated data will be freely available. This includes the signed JSON data for any participants, as well as the cumulative signed data of all participants. You can directly use this data in your own projects if you prefer not to use an API. Everything is free and open source, and the project could be funded by donations.

The Whitepaper is only one page long, the idea has the potential to significantly reduce scams, rugs, and token impersonation.

Thank you.