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Author Topic: 🌑[ICO+AIRDROP] 🌎 Supertonin 🌎 Make Tokens Easily On-Chain🌑 ICO LIVE ✅  (Read 11260 times)
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asunsupertonin
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October 23, 2017, 10:56:17 AM
 #1





Asun: Supertonin
Token Address: 0x2A4D7071D2C8D300644287B3381375FA14e23bC2


JOIN ICO: 0x9a693a84abC807EDF6FE028e3c6FEB285C00Bf8B
100 SUPERTONIN for each ETH

Etherscan Token Link


Adding to MyEtherWallet:

Contract Address: 0x2A4D7071D2C8D300644287B3381375FA14e23bC2
Decimals: 2 [doesn't matter]
Ticker: STN




Supertonin is the bridge between cryptocurrencies and mainstream consumer apps. Any app can launch branded tokens on open scalable side-chains, powered by Supertonin, a protocol for consumer-app tokenization and an ERC-20 utility token.

Asun announces Supertonin- a decentralized mainstream token creation economy for the masses

Please read the whitepaper for more information.



The Initial Coin Offering has finished


8 million Supertonin will be created. This is a finite supply.
15% of the token supply reserved as grants for promising projects (and their teams) building branded economies on Supertonin
5% for the founding team, on long term vesting schedules (3 years min).


Supertonin [“ST”] is an EIP20 token and OpenST is a protocol to support token economies 2 in mainstream consumer applications. The business and technical challenge we set out to solve is to enable mainstream consumer applications to benefit from deploying their own branded crypto-backed token economies, in a scalable and cryptographically auditable manner, without needing to mint and maintain their own publicly-tradeable EIP20 tokens.

The OpenST protocol enables the creation of utility tokens on a utility blockchain while the value of those tokens is backed by staked crypto-assets on a value blockchain.

In the first part of the paper we outline the protocol and in the second part we explain how the protocol can be applied to build the OpenST Platform which allows companies to stake  Supertonin on Ethereum mainnet to create branded tokens to use within their applications. Mainstream consumer applications can use the OpenST Platform to have a simple, integrated development experience to tokenize and build their economy with their user base.

Building on OpenST also enables participating companies to benefit from network effects across the participating companies that would be much harder for companies to achieve on their own. Such benefits accrue to both the companies and their end-users; by being part of an open network of networks end-users can earn and spend seamlessly between different consumer applications.

With OpenST Protocol, we build on the active work of great teams in the decentralization space and we will refer to them where appropriate and in detail in the Related Work section.  Supertonin solves for the user experience problem currently slowing down mainstream adoption of cryptographically secure tokens thereby enabling crypto-economics within consumer applications. Meaningfully addressing this problem requires an orchestrated effort of economic, legal, and technological engineering. In this technical white paper we focus on the mechanisms to support  Supertonin.










Staking Value for Utility

The OpenST Protocol establishes a bridge between two differently purposed blockchains. A value blockchain, which is required in order to hold cryptographically secured valuable assets; and a utility blockchain, which has utility tokens in favor of which the assets are held on the value blockchain. The utility chain needs to support lower transaction fees and lower transaction confirmation times than the value chain. We put forward this condition seeing as one desired outcome of the OpenST Protocol is to enable micro-transactions within mainstream consumer applications using the utility tokens. We present the discussion for two Ethereum-based chains, but note that this is not a requirement for the value chain. Through the lens of the Supertonin project and the  Supertonin EIP20 token on public Ethereum, the value chain in our discussion will be Ethereum mainnet. For the utility chain we consider an Ethereum-based chain with a Byzantine fault-tolerant consensus engine which seals blocks cryptographically, as examples
Proof-of-Authority or Proof-of-Stake consensus engines.




Establishing a Bridge
To establish a channel between two chains, we require both chains to have a light client smart contract on each chain tracking the blocks on the other chain. In several configurations prior or ongoing work already exists. When we take into consideration the specifics of these chains then we can consider specific light client contracts which relieve the responsibility of a central party on mutually committing the latest state hashes on the other chain. As Ethereum mainnet operates a Nakamoto consensus engine (as the value chain) there is a soft requirement to set a threshold for the number of block confirmations to wait for until a state transition on Ethereum is considered finalised. If the utility chain is cryptographically validated by a known set of validators then those validators can each report the block hashes they have seen on public Ethereum and a block hash is considered final when consensus among the validators is reached. In the opposite direction, to report the latest block hash of the utility chain to the value chain, the logic involves no subjective threshold parameter when the utility chain is cryptographically sealed by a known set of validators as a complete light client can be implemented as a smart contract on Ethereum. In general a value chain will be a Proof-of-Work generated chain (for the near future at least), while a utility chain for efficiency reasons will likely be cryptographically sealed. It is therefore worthwhile to note that this asymmetry is by design: any halting or Byzantine failure of the utility chain can be proven by any user on the value chain to forcefully recover the staked assets on the value chain after a sufficiently long grace period should the utility chain fail to recover. This way users are assured to always be able to recover their original assets on the value chain. On the other hand a value chain can hard-fork at which point the utility chain can evaluate out of band whether to track both or one of the forked value chains going forward. As a net result of having complementary light client tracking contracts on both chains, the smart contracts have at their disposition knowledge of the state root of the other chain . Such transactions committing the blocks allow consequentially for state from the other chain to be asserted as true only if a Merkle-proof for those state variables can be proven against the committed root hash. Committing the root hash of the alternate chain allows for any party to present statements of what is true on that chain, removing the need for trusted oracles or trusted parties. A second benefit of this approach is that it strengthens immutability of either chain as the latest blocks are anchored into an independent chain. In particular if the utility chain is cryptographically sealed, anchoring the latest block on regular intervals into a (Proof-of-Work) value chain prevents any of the validators from rewriting the block history.






Architecture

As OpenST is an open network of utility chains, each hosting one or more branded tokens with value staked on Ethereum mainnet, it is paramount that each utility chain (and Ethereum) have a unique chain identifier associated with it (derived from the genesis block that started that utility chain for fork-accountable chains). All transactions need to enforce that they are only valid on the intended utility chain. Further it is desirable that a utility chain can be restricted to not accept the creation of new smart contract code when a transaction deploys code to a new address. Ethereum mainnet functions as a general computation substrate that allows anyone to deploy any code contract. We note that this is not a requirement, but a preference to be decided by the validators of the utility chain.  Supertonin prime is present on the utility chain as the base token to account for all gas usage. In this sense there is no requirement to make the utility chain application-specific. However, while a cost will be accounted for running foreign contracts on the utility chain, it eats into the capacity of the chain that could otherwise be used for the branded tokens within the consumer applications. We explained that, in the case of branded tokens, by default users start out with accounts managed by the respective branding Member Company . As such Member Companies are responsible for funding the balances of the managed accounts (just-in-time) with  Supertonin prime . This way there are no transaction costs charged to the user when acting within the consumer application - but any user transferring  Supertonin prime (or exiting her branded tokens to her own keys) pays for this in  Supertonin prime. OpenST is agnostic to the blockchain implementation used to deploy an instance of the OpenST contracts.









Roadmap: Future



Milestone 1 : Minimal Viable Utility
Expected 7 November 2017 OpenST is a comprehensive project focusing first on user-experience for member companies, as they adopt cryptographically secured tokens into their applications, and for their end-users. For this reason we want to ensure that the protocol is developed with real use-cases in mind. We’ve set out a technical vision in this document. To work towards this goal we set a first milestone to (i) have a fully cryptographically auditable pathway for a member company to stake  Supertonin on Ethereum mainnet to create branded tokens on a utility chain (Ethereum Proof-of-Authority); (ii) have a member company’s users earn and spend Branded Tokens within their app (registered on a utility chain); and (iii) have a member company’s users buy-in and cash-out Branded Tokens.
Milestone 2 : External Proof & Security Audits
Q1 2018 For the minimal viable utility milestone we preserve the two-phased commit structure to act atomically on both chains; however we monitor the process more closely by preserving a judge to act on the escrow steps; this role is taken by Asun up to milestone 1. With milestone 2 we want to remove the judge role of OpenST, and rely on the Interer c ommunication transfer of Merkle-proofs to transfer the mint- and claim- precommit proofs between Ethereum mainnet and the utility chain. We also want to test the user sovereignty mechanism in milestone 2. With this milestone we look to have completed thorough security audits of the protocol and the implementation.
Milestone 3 : Public Launch of Initial Member Companies
Q2 2018 With milestone 1 and 2, we intend to engage with the initial member companies to introduce token economy use-cases to a small subset of their users. With milestone 3, we want to further work to improve the OpenST platform, have it reviewed by the wider crypto community, and engage with the initial member companies to prepare them to deploy the token economy use-cases to their entire user-base.
Milestone 4 : 10 Founding Member Companies
Q3-Q4 2018 We focus to ensure end-users can earn and spend seamlessly across member companies by continuing work on enabling standalone wallets to integrate with OpenST. We standardize the OpenST API for third-party developers to build value-added services for mainstream consumer applications further stimulating the open tokenized ecosystem.
Milestone 5 : Consolidation of OpenST as open platform
2019 We set out to consolidate the integration of mature decentralized scaling technologies into OpenST to support an open platform where +10.000 member companies can (without technical guidance) tokenize their existing mainstream consumer applications.


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Larrycool
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October 23, 2017, 11:13:29 AM
 #2

The whitepaper looks intriguing, i'm of no doubt its going to be a great project. Are your team considering listing on exchanges, would there be bounty or airdrop?

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October 23, 2017, 11:24:28 AM
 #3

The whitepaper looks intriguing, i'm of no doubt its going to be a great project. Are your team considering listing on exchanges, would there be bounty or airdrop?
Our team will be trading the token right after the Initial Coin Offering on EtherDelta (this process is automatic). After EtherDelta, we will apply for Binance, Bittrex, and Cryptopia. This process will be transparent, and then will we provide bounties for voting on the exchanges.
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Blockchain is the Future


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October 23, 2017, 11:53:55 AM
 #4

This project sound good, hope you will succeed.
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October 23, 2017, 12:03:54 PM
 #5

800 million Supertonin will be created. This is a finite supply.
15% of the token supply reserved as grants for promising projects (and their teams) building branded economies on Supertonin
5% for the founding team, on long term vesting schedules (3 years min).

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Túi bao trái cây bikoo


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October 23, 2017, 12:09:06 PM
 #6

Are there any bounties ?

asunsupertonin
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October 23, 2017, 12:10:42 PM
 #7

800 million Supertonin will be created. This is a finite supply.
15% of the token supply reserved as grants for promising projects (and their teams) building branded economies on Supertonin
5% for the founding team, on long term vesting schedules (3 years min).


That is correct, and it will not be changing. We will burn the unsold Supertonin tokens. (1 Ethereum = 2,500 Supertonin)


Are there any bounties ?
Not at this current stage
asunsupertonin
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October 23, 2017, 12:45:40 PM
 #8

Yes, and as stated before. The bounties are for voting on the exchanges. If you want to request a translation bounty, please do so. It is not guaranteed though.
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NEW Blockchain project consultant =>> FOR HIRE!!!!


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October 23, 2017, 12:54:33 PM
 #9

I didn't understand the USP of this project. You need to have your USP up there so I can understand it in 3 seconds.

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asunsupertonin
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October 23, 2017, 01:04:06 PM
 #10

I didn't understand the USP of this project. You need to have your USP up there so I can understand it in 3 seconds.
We have added the Unique Selling Proposition. Thank you for your feedback!

Quote
Supertonin is the bridge between cryptocurrencies and mainstream consumer apps. Any app can launch branded tokens on open scalable side-chains, powered by Supertonin, a protocol for consumer-app tokenization and an ERC-20 utility token.

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October 23, 2017, 01:12:41 PM
 #11

Just few more steps until the ICO started, I'll keep looking for the project and hoping that this project will became a breakthrough for the future.

AMBROSUS

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October 23, 2017, 10:52:38 PM
 #12

this is great for ethereum, very informative
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Metta - The world's first uberization platform


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October 24, 2017, 01:19:52 AM
 #13

it seems that this project has a strong team that has experience for future development, i think that is good project worth to invest


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October 24, 2017, 02:09:31 PM
 #14

I am looking forward to success of this project will monitor it closely and see if its worth buying on exchange

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October 26, 2017, 12:14:06 PM
 #15

Look forward to Airdrop
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October 28, 2017, 01:52:52 AM
 #16

MEW wallet will be fine for airdrope I guess?

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October 28, 2017, 01:54:02 AM
 #17

MEW wallet will be fine for airdrope I guess?
Any wallet that is Ethereum ERC20 compatible
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October 28, 2017, 02:06:14 AM
 #18

Nice project. Kudos.
Thank you! We appreciate it!
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October 28, 2017, 02:10:46 AM
 #19

I think this project is good. It looks like the whole team can handle this right Smiley

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October 28, 2017, 02:17:13 AM
 #20

Detail explanation about your token, interested, hope can success like Bitcoin.

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