blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 05:24:26 AM Last edit: July 17, 2018, 06:46:16 AM by blockstarter784 |
|
http://res.cloudinary.com/nixar-work/image/upload/v1531809802/Screen_Shot_2018-07-17_at_09.41.09.pngWe already implemented the Decentralized Tokenization Platform based on Ethereum for communities to give them a tool for community building and secure token sales. Each community is able to adjust smart-contracts according to their local rules and we will not able to regular it because the software will be installed in community servers and we will not have access to change it. It gives a lot of benefits to reduce the regulations but produces some possible security gaps. The user should be protected by the blockchain itself. We would like to close this gap by providing secured transaction. Unfortunately, we cannot do it in current Ethereum and forced to redesign the Ethereum EVM in creating new blockchain. Token0x Blockchain is a modified soft-fork of the Ethereum. The modification includes extends features of the Ethereum: - Each Transaction is a contract (refundable)
- Enabled Oracalized Transactions
Below we show these features in details and use cases of them. Each Transaction is a contractAs you see in the screenshot, the difference between Ethereum and Token0x that all transactions are contracts. Once you send funds you are able to refund it in the specific time frame. http://res.cloudinary.com/nixar-work/image/upload/v1531543607/Token0x_Economy_w.pngEnabled Oracalized TransactionsWe extend Ethereum with Oracle Contract to enable External data validation by Ethereum before invoking the contract. Once the validation is failed the transaction is failed as well with spent gas for oracle validator. http://res.cloudinary.com/nixar-work/image/upload/v1531543702/Oracle.pngLet’s consider possible use cases of refundable transactions. http://res.cloudinary.com/nixar-work/image/upload/v1531543820/Use_cases_of_Token0x_Copy_w.pngThe consensus between team and contributors will be configurable in smart-contracts but in our case, the team will not be able to revert the refund method http://res.cloudinary.com/nixar-work/image/upload/v1531545674/Screen_Shot_2018-07-14_at_08.20.28.pngOracle enables other uses cases like: - Anonymous transaction powered by authority
- External domain, email validation
- Exchange Rate Service
- External Voting
Also, we would like to add the possibility to send anonymous transactions by using a ring signature from the smart contract like it implemented in CryptoNote. Conclusion We do not create a new blockchain like EOS but we create the next version of Ethereum. We reuse and extend the existent Ethereum infrastructure This extension is enable new layer of protection and provide the logical and easy way to switch from Ethereum to Token0x. http://res.cloudinary.com/nixar-work/image/upload/v1531545673/Screen_Shot_2018-07-14_at_08.20.46.pngConsensusProof-of-work, DAG (mixed) The initial supply for sale50,000,000 ETH Total supply100, 000, 000 ETH Mining Supply50,000,000 ETH will be mined for a 10 years[/b] Price of Token0x ETH on ICO0.001 ETH (Ethereum) Estimated Development RoadmapGanache (Javascript Version)3 month after ICO Golang Version (TESTNET)5 month after ICO Mainnet (Refundable ETH, Trusted Oracle)7 month after ICO Token0x Token to ETH migration (airdrop)8 month after ICO Mainnet (Anon Contract)12 month after ICO Mixed Consensus DAG Proof-of-work16 month after ICO Main Website https://token0x.ioOur telegram community https://t.me/token0xOur blog https://medium.com/token0xOur instagram https://www.instagram.com/token0x_platformOur youtube https://www.youtube.com/watch?v=vrN3giPnFSw&t=5sOur reddit https://www.reddit.com/r/token0xOur company (Switzerland, Zug) https://www.moneyhouse.ch/fr/company/blockstarter-gmbh-13915353201/messages?toggleMessage=4130781Proof-of-ability of the teamWe implemented the Decentralized Tokenization Platform https://token0x.ioThis is our design team https://www.behance.net/token0xThis is our open source multi-currency wallet ethnamed.io available demo http://wallet.ethnamed.io/
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
jezus
|
|
July 14, 2018, 05:34:22 AM |
|
How refund is working?
|
|
|
|
fcmatt
Legendary
Offline
Activity: 2072
Merit: 1001
|
|
July 14, 2018, 05:48:56 AM |
|
So the refund syatem is we can get the balance back after we send it to another address in specific time?
So i think this will have many scammer because of the refund option
|
|
|
|
yudi09
|
|
July 14, 2018, 06:04:30 AM |
|
after reading this thread I am also still confused with the refund system that applied this project. maybe from the side of the team there who can explain in more detail or more detail about the refund system. such as how refund can be done and under what conditions we can do refund
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
cuedle
Newbie
Offline
Activity: 38
Merit: 0
|
|
July 14, 2018, 06:10:50 AM |
|
If the refundable technology is real, I think this is the biggest innovation of ETH!
|
|
|
|
FoBoT
|
|
July 14, 2018, 06:20:54 AM |
|
This must be a new technology that will attract attentions from any cryptocoin savvy provided the dev actually implement the project. Apart from the refunding protocol that can be found on Token0x platform, what type of smart contract can someone implement on your platform ?
|
|
|
|
syesraypb
Newbie
Offline
Activity: 81
Merit: 0
|
|
July 14, 2018, 06:39:33 AM |
|
I think that this will cost more fee to send and more to refund because this project is already help scammer and it would be harder to make simple trade for each people. This project can change the future so hope your team work harder and give more solution for us sooner, and also for the ICO too
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 06:41:43 AM |
|
How refund is working?
The refund is applied to all transactions. Does not matter you send it to smart-contract or single address. This is a core change of Ethereum EVM. Refund is a property of the protocol but not a case of smart-contract But smart-contracts are extended as well. Developers are able to check the level of trust ``` function sendTo(string name) public payable { if (msg.refundDays == 0) { ... } else if (msg.refundDays == 1) { ... } else if (msg.refundDays == 10) { ... } } ``` If I did not answer please ask more questions. I am here to answer But in case you sent refund period 0 then you will be not able to refund. Simple like in ETH
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 06:44:35 AM |
|
I think that this will cost more fee to send and more to refund because this project is already help scammer and it would be harder to make simple trade for each people. This project can change the future so hope your team work harder and give more solution for us sooner, and also for the ICO too
What do you mean by `because this project is already help scammer`? Token0x did not launch any projects yet. However, we are going to help to launch the one good project to show how our platform is working already. Also, we have great designers and Math monster in a team.
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 06:54:19 AM |
|
This must be a new technology that will attract attentions from any cryptocoin savvy provided the dev actually implement the project. Apart from the refunding protocol that can be found on Token0x platform, what type of smart contract can someone implement on your platform ?
First of all the Token0x Platform is already implemented We did not ask for any money to implement it because we had to find all possible issues in the fundraising process. But we created dynamic smart-contracts https://github.com/token0xio/contracts and auto-deployment scripts which can be generated by this form https://token0x.io/add. Currently works only on EThereum but we will adjust it for our blockchain as well. You are welcome to learn about it. Also, I am the creator of the Ethnamed protocol and https://github.com/ethnamed/protocol which will be integrated with Token0x as well and you can check my wallet.ethnamed.ioGuys, I did a lot of hard work in order to prove to you. I am not a scammer and scammer took all advertisement space and you do not see good projects anymore. So please consider this project carefully and give us a chance. We are going to publish it on ico bench and another rating platforms soon. We know that this project is awesome and we want to find good people who are able to think deeply and understand the potential. The future will be kind to your because you create it Also, we will have an ICO. I have a partner who is going to pay for the media but it is very expensive and we need to be prepared.
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 06:59:28 AM |
|
If the refundable technology is real, I think this is the biggest innovation of ETH!
Thank you. I think so too. I think this platform will not be profitable for scam projects
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 07:03:30 AM |
|
after reading this thread I am also still confused with the refund system that applied this project. maybe from the side of the team there who can explain in more detail or more detail about the refund system. such as how refund can be done and under what conditions we can do refund
After all possible conditions. Let's make the example: 1. You send the 1 ETH to someone and define the REFUND PERIOD [0 - 30] days 2. Does not matter where did you send the 1 ETH are will be still able to refund it anyway. Because this is a part of the protocol. 3. If you send 1 ETH to smart contract to buy tokens. You can buy them and keep. Once you do not like the project and want to refund you get your ETH back and team gets their tokens back. So the ICO is not 1 smart-contract of the project but The sum of all smart-contracts of contributors who defines the level of the trust. People who sent 1 ETH without REFUND PERIOD will get the `award for trust` Because these people help the team to create a bigger trust for next contributors.
|
|
|
|
Beejae
Newbie
Offline
Activity: 144
Merit: 0
|
|
July 14, 2018, 09:17:06 AM |
|
after reading this thread I am also still confused with the refund system that applied this project. maybe from the side of the team there who can explain in more detail or more detail about the refund system. such as how refund can be done and under what conditions we can do refund
After all possible conditions. Let's make the example: 1. You send the 1 ETH to someone and define the REFUND PERIOD [0 - 30] days 2. Does not matter where did you send the 1 ETH are will be still able to refund it anyway. Because this is a part of the protocol. 3. If you send 1 ETH to smart contract to buy tokens. You can buy them and keep. Once you do not like the project and want to refund you get your ETH back and team gets their tokens back. So the ICO is not 1 smart-contract of the project but The sum of all smart-contracts of contributors who defines the level of the trust. People who sent 1 ETH without REFUND PERIOD will get the `award for trust` Because these people help the team to create a bigger trust for next contributors. This makes some sense. I'll be on the lookout for your project. Thanks for shedding more light on the Refund functionality. Cheers
|
|
|
|
Odeoke
|
|
July 14, 2018, 09:34:47 AM |
|
That is interesting concept to get refund with flexible terms and conditions but how it will be helpful for any project in future. This will create so many problem when any project meet the soft cap and people request for refund than how they will continue?
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 11:52:26 AM |
|
That is an interesting concept to get a refund with flexible terms and conditions but how it will be helpful for any project in the future. This will create so many problems when any project meet the soft cap and people request for a refund than how they will continue?
First of all, this is an experiment. 1. The current ICO model concept is design only for new consensus math models provided by scientists and developers. That's it and we can stop here but not... 2. But this design is used by various projects which even does not understand what to do with money and they build cryptofunds or invest into other ICOs by using their own due diligence. 3. Also, it is used by projects which finally do not provide the value 4. Also, sometimes you can send money to hacker address instead of token sale page. Over 10% of all ICO money was stolen. So this blockchain can try to solve 2-3-4 problems by providing a new property integrated with the protocol. You will be able to refund all kind of transactions. Does not matter did you send it to single or smart-contract address. Hm. But you still can send ETH to the tokensale contract without Refund period and get the `award for trust` So first people who send ETH with `full trust` can give the `money to continue` and `award for trust` As far they closer to the goal the `award for trust` is less and less This type of consensus can be applied to regular teams who build the interesting projects but still have to overlap some barriers.
|
|
|
|
blockstarter784 (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 14, 2018, 11:53:23 AM |
|
Looks good to me
Thank you. This is an experiment. But we believe that's is logical property of the money
|
|
|
|
Slowpok3
|
|
July 14, 2018, 03:06:13 PM |
|
where i can find a members of team? i interesting how many people works with security this platform. because it's very important to this project!
|
|
|
|
truongtheanhc3
Jr. Member
Offline
Activity: 53
Merit: 4
|
|
July 14, 2018, 03:08:19 PM |
|
If the things you said are true, this would be a good project, but I would like to know who works for this project, which is very important.
|
|
|
|
|
CathalG
|
|
July 15, 2018, 11:33:09 PM |
|
Do they also have a refund option? How it works?
|
|
|
|
|