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Managing stellar customer accounts via federation and memo field, good practices?

I would like to create an asset that can be traded for particular asset(s) only so I decided to take approach where I use a single account to manage customer balances by using federation server and ...
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Federation Server Error 1054: Unknown column 'domain' in 'where clause'

In an every user has their own Stellar account setup, I am trying to get federation server to work but keep failing. The mysql tables are CREATE TABLE accounts ( id int(11) DEFAULT NULL, first_name ...