Three-Dimensional Scalable Blockchain. Tokenomics draft v. 0.3 (En)

Transcription

1 Three-Dimensional Scalable Blockchain Tokenomics draft v. 0.3 (En) Introduction to tokenomiсs 1 Token "Smart Key" 1 Token purpose and functions 1 Token key features 1 Token distribution 2 Tokenholders 3 Smart Key token circulation 4 Tokens in the Power_blockchain 4 Native tokens 4 ERC tokens 4 Network tokens 4 Description 5 Node Token 5 Private Shard Token 5 Flexible blockchain economy 5 Base and technology economy 6 Data processing 6 Minting 6 Network commission 6 Index "FEE" 6 Index XDR (SDR) 6 Internal online trading platform 7 Service economy 7 Real-time decentralised databus 7 Power_hub 8 Power_store 8 Power_wallet 8

2 Introduction to tokenomiсs This document is an official brief information on tokens and basic economy properties of the Power_blockchain. The token system plays a crucial role while solving numerous tasks involved in development, functionality and network growth. The Power_blockchain generates closed-loop circular tokenomics where its core native token is used for all purposes and functions. Token "Smart Key" Smart Key token the core native token within Power_blockchain. The token is written in blockchain as SK. Smart Key token is divisible. Token: Smart Key The acronym: SK Type of token: utility Emission: limited Divisible token: SK = 1,000 Token purpose and functions SK token is like a "fuel" for all network interactions in the Power_blockchain. Smart Key gives an access to the Power_blockchain and is used for: Payment for transactions and commissions Smart-contracts Dapps Integrated platforms and services: Power_store Power_hub Token key features The key value of SK - it's is a "fuel" for all network interactions. The limited and gradual emission of SK tokens resists potential inflationary pressure. SK gives an access to the network. The token is not commutable, no other tokens can replace it. SK is a base token which id needed for closed-loop circular tokenomics A native token is needed for the instant transaction. The usage and circulation of tokens are self-supported. 1

3 Holder type description Tokensale - those who purchase SK tokens during ICO in the stages described below. Team - current and future employees of the Company, motivated to implement The Power Mission and to expand the Platform (see the Whitepaper for details about the strategy and the offered solutions). An incentive program with vesting and cliffs to be applied. Current team members can be found on Power_hub - a reserve of the Company for engaging new participants of the Platform (universities, accelerators, strategic clients and partners, etc). Tokens that are released from Power_hub can be returned back, paid for platform services but not to be transferred to secondary market. Advisors/Consultants/Experts - contributors rewarded for assistance in the development of the project, including technical design, industry and investor relations. Current roster of advisors can be found on Referrals & Bounty - contributors rewarded for completing assignments aimed at promoting the project and increasing the number of token holders. No airdrops to be applied. Token distribution 1 SK = $0,01 Initial Token Supply: Total Token Supply: KYC required (embedded in the Power_wallet) Emission of tokens is limited. But nodes are rewarded by "par minting" and gradual emission. All based on "proof-of-par". Total token supply is and is projected to be reached by year 2034 UT; All unsold SK tokens move to nodes reward by par minting and emission; All unallocated SK for advisors, consultants and experts move to Power_hub for motivating future partners, consultants, projects & developers, hackathons, mass adoptions stimulating. 2

4 The initial amount of tokens allocation Rounds: Funds, $ Number, SK Pre-Seed Seed Round A Round B Crowdsale Total token sale: SK allocations Lockups Metric: Lockups, month Unlock period, month Unlock, % at month Private sale , 20, 30, 30 Advisors / Consultants / Experts , 35, 35 Tokensale Referrals & Bounty 2 - Team

5 Tokenholders Software companies Software distributors Software integrators Business and corporations Exchanges Node owners VC funds Cryptofunds Private users Token issue Tokensale, partners, community, team, Power_hub - on demand Nodes are rewarded by "par minting" and gradual emission. All based on "proof-of-par" (full description to be published later) All unsold SK tokens move to nodes reward by par minting and emission All unallocated SK for advisors, consultants and experts move to Power_hub for motivating future partners, consultants, projects & developers, hackathons, mass adoptions stimulating Allocation of Funds Metric: Allocations, % Development Legal 3.00 Operations Promotional product Education 3.00 Reserve Total 100 4

6 Smart Key token circulation Tokens in the Power_blockchain Native tokens Native tokens are created for instant transactions in the Power_blockchain. ERC tokens Popular ERC tokens can be converted to native tokens. It will be possible to work with ERC tokens through a virtual machine and smart contracts. Decentralised logic is available in a virtual machine. The virtual machine is used for smart contracts with ERC-20 like compatible tokens. Network tokens There are two auxiliary network tokens in the Power_blockchain, each one with unique properties. Digital certificates are written in the core auxiliary tokens needed to access key system features and services. 5

7 Description Node token (NT) a digital certificate is written in this token. NT token is needed for any node to connect to and operate within the network. Private shard certificate (PSC) a digital certificate is written in this token. PSC token is needed for any private blockchain created and based on Power_blockchain to connect to and operate within the network. Node Token Acronym: NT Maximum NT available: To get NT it is required to transfer SK to a special system address to get NT. Tokens will be frozen while the node is connected to the network and works stable. NT token: Gives a node an access to the network, and provides management of private and public keys Gives a node an access to the Power_node settings management NT token is non-divisible Private Shard Token A certificate which gives an access to connect a private shard. Acronym: PSC Maximum PSC available: not limited The transaction cost of PSC registration is 5000 SK PSC properties: Private shards are extendable The base type of a private shard has 3 nodes The transaction cost of adding new node registration is 500 SK PSC is non-divisible Flexible blockchain economy The Power solves the problems of the existing blockchain technology: 1. Economic efficiency is too low. 6

8 2. Cost of the transaction is too high and susceptible to speculative influences. This hampers the practical implementation in organizations. The main parameters of any economic model effectiveness are the cost of providing services and modes of payment. To ensure the required flexibility of the technology is based on a two-layer economic model. Base and technology economy The base (or technological) economy determines the cost of services through the use of nodes in the Power_blockchain. It s core the are algorithms which operate two lower layers (The Protocol and Blockchain Layers) of the Power_architecture. Data processing A new type of fee mining getting a commission from data processing in the decentralised network. Data processing includes 5 types of tasks: 1. Financial transaction confirmation 2. Non-financial transaction confirmation 3. Smart-contract calculations 4. Validation block data 5. Data storage Minting Power_network encourages the creation and maintenance of new nodes and shards. "Par minting" and emission description, as well as rules, will be published after the further network load tests. Network commission Index "FEE" Index FEE specifically used for calculations of commissions in the process of transactions. The native smart-contract automatically exchanges SK tokens via index FEE upon the initiation of a transaction. Index XDR (SDR) The base Power_economy operates in accordance with two important criteria: Minimum internal volatility 7

9 The competitiveness of service costs In order to minimize volatility, costs of transactions and services in Power_blockchain are calculated with XDR ( SDR ) index. The SDR was introduced by the IMF in 1969 as an additional international reserve and the most stable asset. The IMF publishes index rate on a daily basis. FEE = SK * XDR * K K = network and computational resources utilization ratio Flexible and stable fee for non-financial transactions FEE & XDR indexes are used in calculations, as follows: 1. Get XDR/USD ratio from 2. Get SK/USD from currency exchange 3. Get ratio XDR/SK = (XDR/USD) / (SK/USD) 4. Store ratio XDR/SK 5. Commission for transaction = XDR/SK * Volume * K(actions) 6. K(actions) - one of the ratios from the table of actions (different base actions are calculated with separate ratio) in the network (to be published later) Internal online trading platform The internal trading platform within the Power_blockchain can be used when users need to get Smart Key tokens. To resell tokens created in the Power_blockchain Free prices for SK and other tokens Service economy Any business partner, project or startup, can create their own ecosystem. In addition to providing a service or application with a unique economy in a trusted environment. Real-time decentralised databus Real-time databus connects in a single address space separated business automated digital systems and as well scattered crypto world with segmental platforms, solutions and services. Liquidity swaps for decentralised exchanges without security deposits Sharing economy services Payment systems 8

10 API for blockchain based services IoT, M2M communications Automated systems interactions Power_hub Users, developers and business can collaborate in the network hub which gives them many opportunities. SK is needed in Power_hub economy to and promotes the development of new dapps, tools, services and solutions. It encourages the development of additional services and functions as well as provides network growth. Power_store Marketplace for turnkey solutions based on The Power technologies. It includes several parts: 1. Templates 2. Dapps 3. Connectors 4. more solutions and tools (detailed description is to be published later) Power_wallet All users can use a native application to manage apps and services which work in the Power_blokchain. Wallet app includes: 1. Assets management 2. Power_store 3. Voting 4. Dapps 9