//STORE enables these computing, economic, and governance primitives
Zero-fee settlement-layer enables
Zero-fee, peer-to-peer value transfer
Fast transactions
Scalable transactions
Democratic and 2/3 censorship resistant governance (one entity, one vote)
Tokenized Data enables
Data to be open and tradable
Data to be programmable by third party apps and devices
Data to have a monetary premium (like $STORE, $BTC, $ETH, $EOS, and gold)
Datacoin revenue to be shared with users, citizens, more
…which enables these high-level use cases
Zero-fee settlement-layer enabled
Tokenized data enabled (p2p cloud)
High-level Use Cases
Fast, zero-fee, programmable payments for the public internet
Voting on the global rules of a decentralized, zero-fee digital asset
Zero-fee, 2/3 censorship resistant value transfer of data as a digital asset
Voting on the global rules of decentralized, open, and programmable data
A web2 app developer opening APIs for other developers to build with (for $STORE)
An IoT device developer live streaming datasets for anyone to access (for $STORE)
A health care system making a prized and rare dataset available (for $STORE)
An autonomous car or drone opening its ML-ready, live data streams (for $STORE)
A local government streaming IoT device data for anyone to access (for $STORE)
(If we publish, we’ll award you with 100,000 $STORE – enough to compete in founding mining auctions.)
While STORE transactions are zero-fee for both end users and developers, if STORE is initially deployed as n ERC20 token on Ethereum, applicable gas fees apply on Ethereum. All settlement transactions on Ethereum incur gas fees. When the ERC20 STORE tokens are swapped with native STORE token tokens, transactions will be settled on the STORE network and at that time, zero-fee transactions are resumed.
Cost Per One Thousand Transactions (CPT)
Can decentralized networks enable data-rich apps? Why Cost per Thousand Transactions is the most important metric we should be measuring.
{NEW RESEARCH}:
— McCoy (@chrisamccoy) August 20, 2019
1/ My team at STORE routinely thinks about decentralized computing differently than the mainstream.
2/ We kept asking ourselves why.
3/ We finally figured it out: the mainstream industry, at least today, is focused on data-light, decentralized computing (dApps) pic.twitter.com/dUU0BKAKZ9
4/ Instead, we're thinking about data-rich, decentralized computing (tokenized apps or tApps) where data is tokenized, open, and represented by a private key.
— McCoy (@chrisamccoy) August 20, 2019
5/ Data itself becomes programmable money.
6/ Tokenized data becomes a new, open computing platform.
7/ To capture the differences, we brought it down to first principle economics by asking three questions:
— McCoy (@chrisamccoy) August 20, 2019
- What are the costs of decentralized computing?
- Who bears this cost?
- How does it compare to the cost of centralized computing infrastructure like Amazon AWS?
8/ To answer, we introduced a new metric for quantifying the costs of both decentralized and centralized computing. We call it "Cost Per Thousand Transactions" or CPT for.
— McCoy (@chrisamccoy) August 20, 2019
9/ CPT like CPM (Cost Per Thousand Impressions) but for computing costs.
10/ Our team wrote a research paper on CPT where we also explore if decentralized networks can enable data-rich apps (Yes).
— McCoy (@chrisamccoy) August 20, 2019
11/ We also make a case that CPT is the most important metric in decentralized computing that the industry should be measuring -- but isn't.
12/ Download the paper here: https://t.co/Z9ETCLPnFB.
— McCoy (@chrisamccoy) August 20, 2019
13/ If you end up reviewing, I would love your feedback, questions, and counter-thinking on it.
It'll help us push CPT far and wide.
KYC/AML checks are required for securities law compliance. This will be a Reg D and Reg S global offering.
DISCLAIMER
Nothing herein is intended to be an offer to sell or solicitation of offer to buy, STORE tokens or rights to receive STORE tokens in the future. In the event that STORE conducts an offering of STORE tokens (or rights to receive STORE tokens in the future), STORE will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.
