Economic system

Time:2019-09-18 20:30:00View:245 Anadromous chain

economic system

In order to meet the needs of good ecological operation and application of traceable chain (OT), an intelligent contract based on Ethernet network will be issued in the early stage, which relies on block chain technology, and uses the notarization economic model and DAPP ecological circulation to create rights and interests notarization-traceable chain currency (OT). In the later stage, when the development of traceable public chain is completed, ether will be adopted. The asset 1:1 mapping on the Internet to the public chain will support the global intelligent chain of origin (OT) and digital display of asset circulation and investment, digitalize the economic ecology of the intelligent chain of blocks, and achieve the traceable development of the consensus economy.

7.1 Token Information

Token name: traceable chain currency

Token English: Trace source Coin

Token for short: OT

Core algorithm: SHA256

Date of release: August 2019

Block speed: 3-5 seconds/block

Difficulty adjustment: 1 block

Total Token: 300,000,000 (abbreviated as 300 million, constant distribution)

Main features: It is used in OT ecology, in digital asset exchange, big data traceability service, enterprise credit system, traceability chain community, shared eco-mall, cloud service mining machine and other scenarios, as well as in providing original power for the entity enterprise ecology of all block chains.

7.2 Token allocation

The rights and interests of ecosystem issuance are traceable chain currency (OT), with a total of 300 million issuance, constant issuance and never additional issuance. Of these, 36 million are for private and public offering, and the remaining 264 million are allocated to project contributors and distributed in four parts.

The specific allocation scheme is as follows:

Figure: Permit OT Distribution Scale Map

Foundation (50%): Allocate this part to the Foundation to encourage the Foundation's management of the global smart lock market, as well as market development and market mediation;

Community rewards (20%): The community will be allocated to the Origin Chain (OT) community to reward the community that contributes to the Origin Chain (OT) ecosystem. With a certain number of passes, more users will be encouraged to make more contributions in this intelligent lock ecosystem.

Founding Team (20%): Use this part as the Founding Team Award for a certain number of licensing rewards for system development, code writing, company operation, etc., for the expansion and development of the system.

Marketing Promotion (10%): Allocate this part of the passport in the market promotion, for registration, promotion, and other gifts, as well as for the user's incentives to join the project.

7.3 Token Issue

The rights and interests of ecosystem issuance are source currency (OT), of which 36 million are issued for private (10 million) and public (26 million). The public offering is carried out in five rounds, as follows:

Private placement (deadline 20 August 2019)

Total quota: 10 million

Limit: 1W-30W

Convertibility ratio: 1OT = 0.3CNY

Note: On-line unlock 10%, follow-up unlock 15% per month, a total of 6 months lock warehouse

public offering

Round time, subscription time, subscription quantity and subscription price

First round 25 August 2019 3 million 0.33

Second round 4 million 0.363 on August 31, 2019

Third round 5 million 0.399 September 5, 2019

Fourth round 6 million 0.439 September 10, 2019

Round 5 8 million 0.489 on September 15, 2019

Note: The total amount is 26 million pieces, and the price is 0.88 CNY after going online.

7.4 Token Rights and Interests

In the early stage of traceable chain block chain ecology, by building a fully decentralized intelligent chain platform based on the pass economic model and relying on the advantages of a large number of digital asset investors, the ecological value achieved by the general consensus is of great significance. The following is a deep analysis of the ecological values of traceable chain currency OT, which can be divided into the following points:

Transaction Fuel Fee: OT, as a block chain transaction fuel fee, is a value Internet system based on block chain, communication economy and intelligent lock resource services. Access to a pass will enable services in the ecosystem application system, as well as some transactions and other service experiences, and will also be a kind of payment fee.

Platform dividend right: This will be the simplest and most direct mode of communication value. Through the traceability chain OT ecological value, we can share the return system of project profits in the market, namely profit dividend rights and interests. Holding this permit, under the development of ecosystem, will not only increase the value expansion under the constant issuance of quantity, but also increase the dividend of assets. The more the permit is held, the more the income will be.

Community voting rights: After traceability chain OT ecological application online community node function, users vote through passport (OT), the final voter is responsible for the management and maintenance of the new community (new node area), and enjoys the voting rights granted to the community node.

In addition to the above values, OT traceability chain will continue to expand the development of more ecological rights and interests. Based on the advantages of its own block chain, it will explore more ways of value, enhance its ability and promote the healthy development of the circulation economy in the market economy ecology of the intelligent lock.

7.5 Token Node

OT team will plan to build 299 nodes around the world, each of which will be composed of entity enterprises (traceable enterprises) and each participant will be the east of the chain. At the same time, each node will compete, and a region will produce a node as a super node.

These 299 nodes, jointly participating in the construction of OT traceability chain, can also create a traceability super-ecosystem. To bring more ecology to the global traceable ecology, each node manages the daily management of the corresponding regional nodes.

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