[ANN] Token0x - Ethereum 2.0

[blockstarter784]

http://res.cloudinary.com/nixar-work/image/upload/v1531809802/Screen_Shot_2018-07-17_at_09.41.09.png


We 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.

http://res.cloudinary.com/nixar-work/image/upload/v1531543273/Screen_Shot_2018-07-14_at_07.41.00.png

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 contract

As 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.png

Enabled Oracalized Transactions

We 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.png

Let’s consider possible use cases of refundable transactions.

http://res.cloudinary.com/nixar-work/image/upload/v1531543820/Use_cases_of_Token0x_Copy_w.png

The 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.png

Oracle 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.png


Consensus
Proof-of-work, DAG (mixed)

The initial supply for sale
50,000,000 ETH

Total supply
100, 000, 000 ETH

Mining Supply
50,000,000 ETH will be mined for a 10 years[/b]

Price of Token0x ETH on ICO
0.001 ETH (Ethereum)

Estimated Development Roadmap

Ganache (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-work
16 month after ICO




Main Website https://token0x.io
Our telegram community https://t.me/token0x
Our blog  https://medium.com/token0x
Our instagram https://www.instagram.com/token0x_platform
Our youtube https://www.youtube.com/watch?v=vrN3giPnFSw&t=5s
Our reddit https://www.reddit.com/r/token0x
Our company (Switzerland, Zug) https://www.moneyhouse.ch/fr/company/blockstarter-gmbh-13915353201/messages?toggleMessage=4130781

Proof-of-ability of the team

We implemented the Decentralized Tokenization Platform https://token0x.io
This is our design team https://www.behance.net/token0x
This is our open source multi-currency wallet ethnamed.io  available demo http://wallet.ethnamed.io/

[jezus]

How refund is working?

[fcmatt]

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]

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

[cuedle]

If the refundable technology is real, I think this is the biggest innovation of ETH!

[FoBoT]

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]

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]

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]

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]

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.io

Guys, 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]

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]

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]

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]

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]

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]

Looks good to me

Thank you. This is an experiment. But we believe that's is logical property of the money

[Slowpok3]

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]

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.

[Ethnamed.io]

You can also see our other product - http://ethnamed.io - Crypto Paypal. Naming Service and Multi-Currency Wallet
http://wallet.ethnamed.io

[CathalG]

You can also see our other product - http://ethnamed.io - Crypto Paypal. Naming Service and Multi-Currency Wallet
http://wallet.ethnamed.io

Do they also have a refund option? How it works?