Yodax
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February 13, 2018, 10:55:04 AM |
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Why do we start this project?
The blockchain represented by Bitcoin and Etherium showed a problem of increase in commission due to transaction saturation as well as delays in transactions due to the small amount of transactions that can be processed due to public interest.
It is not wrong to say that Bitcoin and Etherium have played an important role in the blockchain, but I think it is difficult for them to play such a role in the future.
In addition to these practical problems, they are overly concentrated in the vested interests despite being a blockchain, and are being dominated by minorities.
In the blockchain which aims at decentralization, the decentralization does not proceed at all.
I met DAG while thinking about the future technology to solve the problem of the blockchain that had these problems.
We are confident that DAG will be the most promising technology that will be used practically in the future.
That's why we started this project.
What is Gravity?
The name gravity comes from the goal that everyone will come into our system, like gravity which is one of the systems we all belong to.
We have the passion and ability to complete this project, and I think this project will be powerful enough to penetrate the routine of everyone.
The technology we are going to create is to add anonymity while implementing smart contracts on DAG.
DAG, just like Blockchain technology aims at anonymity and decentralization. This is the two main things we think as blockchain’s directing point.
Actually, The DAG and the blockchain are different, but the two technologies has same direction to go
However, on blockchains where all transactions are disclosed, tracking is possible.
To solve this problem blockchain which could keep privacy like Dash, Monero, or Zcash came out.
We think that anonymity must be implemented in DAG.
Decentralization can also be said to be the same as eliminating intermediate agents, which can be effectively implemented through smart contracts.
In light of this, we started this project with the goal of implementing smart contracts and anonymity in DAG.
We will use the ZK-SNARKs protocol to reflect the anonymity to our DAG and develop smart contracts technology on DAG by ourselves which can implement in our DAG platform.
Who are the developers & why we don't have ICO?
We are made up of two computer developers and CEO of our project.
We met at a one of famous world company and started Gravity project by the CEO of our project.
You may be surprised to have a man who is not a developer, but he has a good understanding of the blockchain and has started this project.
Since we think that the project has a lot to make, the amount we get from the donation will be used to recruit developers and expand the team.
We do not have ICO because of one of the problems of the blockchain mentioned above. We want to realize decentralization, the core value of the blockchain. For a successful ICO, we need to cover unnecessary work for advisory, marketing. Th money used to this work is so big that we saw a lot of cases where the amount of tokens assigned to the dev team was over 30%. Because this is not absolute decentralization, we decided to proceed with the project in the form of a donation rather than an ICO, in order to create a DAG that is not central to the Foundation and is not concentrated in a few people. However, I have decided DEV to have a certain percentage of tokens for the scalability of the project. The token distribution will be further explained in the following questions.
The distribution of token and roadmap
30% of the tokens are assigned to donator, 10% to dev, and the rest to facuet. The target amount raised is $ 1,500,000. It's a lot of money, but I think it's a necessary step to expand the project. Even if this amount is not paid, March 20 is the deadline for donation. The 30% of supply of tokens will be distributed to donator at ratios even if the donation amount is not enough. We are considering distributing it first through the Erc20 token, and the donators list will be updated continuously
When the fundraising ends on March 20, we will open a website, announce a white paper, marketing for expansion of the community, and expand the dev in April. In addition, we will design a test net with the privacy characteristics that existed as soon as possible before the smart contract was implemented. Until the end of the fund-raising, there are other similar projects going on, so there is no plan to release code. Anyone who has a suspicion of scam can continue. However, when time pass, you will regret.
DonationsWe would like to express our gratitude to all donors and will remember them all(When donators do the donation, Donators should recognize this is just donation at first.)
We are going to distribute through Erc20, so we would appreciate if you send the transaction ID together with the Ethereum address(Not Exchange Address, ONLY address that you have the private key and have your own control) by PM in bitcointalk.
You can donate to the following address.
Bitcoin : 1Ks9gtfPqBdVPn52N3kuGnHCR1xCe5pvag
Ethereum : 0x00012659CCEBA7F48a2764fd0ccE096a3c4626c7
Ada : : DdzFFzCqrhsqrYcGMGnxTgunhUtDoUF6Mh78kbGWWPifPqytsqmDZitvTbsWpMzzrhGR6ZUkNdJYxvZ PU9CX1R7QkC69ZURkSpN72vGi
XRB : xrb_1i598jd4zzsx5qiqm1uwdo6a7kz5thahza3rbnadbwis5e6x1gg1thi7d9rb＊Donator lists* : To summarise ● Gravity’s property will be less fee, fast, privacy, decentralization, and smart contract. ● Website & Whitepaper will be released before May ● The donation which aims to raise 1,500,000 will be until March 20 ● The money raised will be used to recruit more developers and improve our project. ● The way of Facuet is not been decided but we are considering distributing via telegram. ● Gravity will be distributed as Erc20 at first after the end if donate. We will update frequently Thanks for reading I will watch the project, but with all the scams on privacy dag coins, I won't donate until you show : some code, presentation of the team (linked in?), escrow, etc... |
