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Blockchain Uncategorized

What is the PLS token used for?

PLS token

PLS is the native and staking token of PulseChain blockchain.

PLS token is used for

  • Network fees
  • Stake and delegate to validators

How could value accrue to PLS token?

Being the native token of the PulseChain users most acquire the token to trade other assets on the chain.

Fees

  • Transactions

Locking

  • Staking

What is the PulseChain?

PulseChain is proof of stake blockchain based on the Ethereum Virtual Machine.

How the protocol works

PulseChain features the Ethereum state which gives holders of NFTs and ERC-20 tokens equivalent tokens on PulseChain.

Features

  • Proof of stake
  • Delegate tokens to earn rewards
  • 0% inflation

Airdrop

  • PLS will also be airdropped 1:1 to ETH holders.
  • Anyone can sacrifice several different tokens to support Sens foundation.
  • The people who have sacrificed will receive 10,000 sacrifice points at a rate of $1 – $2.5 during 14 days.
  • A genesis address gets 1% of supply

Pulsechain has no inflation and validators only earn from network fees. 25% of the fees are burned to reduced circulating supply.

PLS Tokenomics

Total supply: ~800,000,000,000 

Inflation: 0%
Airdrop: ETH supply x 10 000

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Blockchain

What is the XTZ token used for?

XTZ token

XTZ is the native token of the Tezos blockchain.

XTZ token is used for

  • Staking and delegating for Proof of stake
  • Network fees

What is Tezos?

Tezos is a self-amending proof of stake smart contract blockchain.

Governance

Tezos has a focus on on-chain governance. The protocol can upgrade without the need of a hardfork.

There’s currently a proposal to upgrade:

  • Finality
  • XTZ to tzBTC liquidity staking
  • Gasfee

View current and previous protocol upgrades here.

Tezos Proof of stake

  • The validators are called bakers.
  • Bakers put up a bond of atleast 8 000 XTZ (roll) to validate the chain and get block rewards.
  • Users can stake and delegate their tokens to bakers.
  • Bakers choose a fee for baking and distributing rewards

Users

  • Users can stake their tokens and delegate to a baker of their choice. And receive part of the block rewards.

Tezos uses Michelson programming language and is not built on the Ethereum Virtual Machine like many other smart contract chains.

The chain is currently in the process of building out NFT, DeFi products and easy gateways to wrapping and bridging to Bitcoin.

XTZ Tokenomics

Current supply: 837,814,982 

Inflation: 3.6% Not capped supply.

Distribution

  • 608M (79.5%) – Presale investors
  • 3.15M (0.5%) – Donors
  • 76.3M (10%) – Foundation
  • 76.3M (10%) – DLS

Presale: ~$0.1 – 0.2 per XTZ

(5000 XTZ = 1 BTC July 2017)

DOCS

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XTZ Token price

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Solana

What is OXY coin? What is it used for?

OXY coin

OXY is the governance token of Oxygen Protocol on the Solana blockchain.

OXY coin is used for

  • Governance
  • Rewards to LPs
  • Reduced protocol fees
  • Yield through holding (coming)

How could value accrue to the token?

Fees

  • In the future Oxygen will charge fees on a fraction of the lending on Oxygen.

Burn

  • Some of the protocol fees will be used to buy and burn supply.

What is Oxygen Protocol?

Oxygen protocol is a DeFi prime brokerage for borrowing to short and for leverage.

It’s made to be highly scalable and handle transactions faster than traditional DeFi protocols.

It uses a portfolio of assets and is built on the Serum orderbook.

  • A users deposits their funds in the smart contract while still maintaining custody through their Solana wallet.
  • Earn lending fees and trading fees from the Oxygen Protocol.

Governance

100 % of the fees are governed by token holders.

Reduced fees for borrowers and lenders

  • Tiered reduction from Holding 1 – 1000000 OXY
  • Reduced fees from 7.5% – 15%

OXY Tokenomics

Total supply: 10 000 000 000

Contract

Distribution

  • 45% Community fund
  • 25% Product and tech
  • 10% Team
  • 10% Sale
  • 8% Partners
  • 2% IEO

OXY Token Sale

IEO: $0.1

DOCS

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OXY coin price

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Blockchain

What is KSM coin? And what is it used for?

The KSM coin

KSM is the native and utility token of the Kusama blockchain.

KSM coin is used for

  • Governance (democracy)
  • Parachain auctions
  • Become a validator
  • Fees to validators

How could value accrue to KSM?

Fees

  • Transactions

Locking

  • Parachain auctions
  • Block production
  • Governance

What is the Kusama network?

Kusama is a proof of stake scalable cross-chain blockchain. It’s the cousin of Polkadot with the purpose to test the different features of the real chain.

How the protocol works

Kusama is made for fast innovation and experimentation. Built on substrate with almost the same code implementation as Polkadot.

Features

  • Fast iteration
  • Low cost to launch a blockchain with parachain auctions
  • Governed by token holders
  • Test out projects and prototypes in preparation for a Polkadot launch.

Anyone who held DOT at the genesis block of Kusama can claim an equivalent amount of KSM tokens.

Staking

  • The token requirements to be a validator on Kusama will most likely be a lot lower than on Polkadot.
  • Token holders can stake to nominate validators.

Staking can generate 14% yield.

Parachains

Parachains will be available on Kusama earlier than on Polkadot.

  • Anyone wanting to launch a parachain (sub-blockchain) locks tokens according to an auction mechanism.

Democracy

Any tokenholder can submit a proposal to be voted on. 

  • They do so by submitting a bond of tokens.
  • Other token holders second proposals by bonding tokens to it.
  • The proposal that’s the most seconded will be moved to the top to be voted on.
  • Longer bond amplifies both proposal and being seconded

KSM Tokenomics

Total supply: 10,000,000 


Inflation: 10%
Airdrop: Anyone who held DOT at genesis can claim KSM.

DOCS

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KSM coin price

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Blockchain

What is CHZ coin? And what is it used for?

CHZ coin

Is the base currency for the Chiliz fan token ecosystem.

CHZ coin is used for

What is Chiliz?

Chiliz an ecosystem for creating blockchain based products and services for communities and fans. Chilliz blockchain is the base for the socios.com app – featuring several big football clubs.

How does it work?

Chiliz makes it easy to create and launch fan tokens. A fan token is a digital asset that let’s you engage with the club/community on the socios app.

Fan token holders can

  • Vote on decisions
  • Get VIP perks
  • Get promotions

Some of the current partners

  • Barcelona FC
  • Juventus
  • Na’Vi

Socios

  • Users buy CHZ tokens with a credit card.
  • Trade for fan tokens

Chiliz exchange

Users can trade fan tokens (and BTC, ETH) on the native ecosystem exchange.

CHZ pairs

  • Buyer: 0%
  • Seller: 0.6%

Other

  • Buyer: 0%
  • Seller: 0.6%

CHZ tokenomics

Total supply: 8,888,888,888

Issuing price: $0.024

Token distribution

15 % – Strategic Acquisitions
5% – Team
7% – Seed investors
3% – Advisory board
15% – Marketing
20% – Userbase reserve
34.5% – Token sale

Docs

CHZ price

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Blockchain

What is the THETA token used for?

THETA token

Is the governance and native token of Theta Network.

THETA token is used for

  • Governance
  • Staking for the network

How could value accrue to the token?

Locking

  • Staking for the network

What is Theta Network?

A decentralized video streaming service powered by an underlying blockchain.

How does it work?

The streaming platform runs on a multi BFT consensus blockchain.

The network allows users to watch video content and at the same time earning token rewards for relaying content to other viewers.

Enterprise validators

20 – 30 Enterprise nodes will stake tokens and produce blocks.

Enterprise nodes:

  • Google
  • Samsung
  • Sony
  • Theta Labs
  • Binance

Among others.

Guardian nodes

Around 1000 nodes will oversee and validate the enterprise nodes for any malicious behaviour.

Theta Edge Nodes

A decentralized community of Edge Nodes will serve content to other users. All through Theta’s Peer-2-Peer network.

TFUEL token

TFUEL is the utility and payment token of the network.

  • 5% inflation to validators and guardians.
  • 2-4% Edge node network.

Users can stake TFUEL to upgrade and edge node to an elite edge node. And earn more tokens.

Burning

Theta will implement a EIP-1559 type burning mechanism (a basefee) for TFUEL when using the network.

THETA tokenomics

Total supply: 1 000 000 000

TFUEL initial supply: 5 000 000 0000

Presale: $0.12

Docs

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THETA token price

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BSC

What is BNB coin used for?

BNB coin

BNB is the utility token of Binance and the native token of Binance Smart Chain.

BNB coin is used for

  • Pay fees on Binance Smart Chain
  • Incentives on Binance
  • Discounts on trading fees

How could value accrue to the BNB?

Pay fees

  • To use and send transactions on BSC

Holding

  • Discounts and perks on Binance

Burn

  • Binance burns BNB every quarter.

What is Binance?

Binance is currently one of the largest cryptocurrency exchanges. It launched with an ICO in 2017.

In addition to a traditional exchange it features several products for interacting with DeFi in a user-friendly way.


With Binance as an intermediary users can

  • Lend
  • Save
  • Stake
  • Borrow

It also features crypto Visa card, NFT platform and more.

BNB on Binance

  • 40% – referral fees
  • 25% – Spot fees
  • 25% – Margin fees
  • 10% – Future trading fees
  • VIP
  • Launchpad entry
  • Merchant discounts

Stake

Users can stake BNB via Binance to earn rewards.

What is Binance Smart chain?

Binance Smart Chain uses the Ethereum Virtual Machine is similar to Ethereum as a blockchain. It has lower fees and is more centralized – in simple terms.

Token Isssuance

Total supply: 200 000 000

Presale: $0.1 BNB ICO

Docs

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BNB coin price

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Blockchain Filecoin

What is the FIL token used for?

FIL token

FIL is the native token of Filecoin blockchain.

FIL token is used for

  • Rewards to Storage miners
  • Transaction fees
  • Incentivize Retrieval miners and services

How could value accrue to the FIL token?

Fees

  • Transactions

Locking

  • Miners staking to provide storage

What is the Filecoin?

Filecoin is a blockchain for decentralized file storage. Developers can build applications on top of it.

How the protocol works

There are types 5 participants in the filecoin ecosystem.

There are five main actors in the Filecoin economy:

  • Clients – use data
  • Developers – create apps
  • Retrieval services – deliver files
  • Storage miners – store and update
  • Token holders

Block rewards

Rewards are meant to incentivize storage miners to both provide storage and doing so without going offline at all.
For example in Bitcoin miners can come and go.

  • Miners receive rewards on equal to their percentage of the total storage power.
  • Total distributed block rewards scale with total storage power.

Storage deal

Miners and client participate in a two-sided market place for data storage. Miners add new data in what is called a sector. The miners commits to store the data for a certain period of time.

If the miner goes offline or stops storing the file they lose:

  • Part of their upfront FIL stake.
  • Block rewards.

FIL Tokenomics

Circulating supply: 83,078,137 

Total supply: 2,000,000,000

Presale: $5

Distribution

  • 5% – Foundation
  • 15% – Mining reserve
  • 4.5% – Team and contributors
  • 10.5% – Protocol labs
  • 2.5% – Fundraising
  • 7.5% – Fundraising SAFT
  • 55% – Storage mining rewards

Docs

FIL token price

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Blockchain Dfinity

What is the ICP coin (Dfinity) used for?

ICP coin

ICP Is the native token of the Internet Computer blockchain (formerly Dfinity).

ICP coin is used for

  • Governance (Incentivize voting)
  • Transaction fees
  • Staking for proof of stake

How could value accrue to the ICP coin?

Locking

  • To vote and create proposals

What is the Internet computer?

The internet Computer is hoping to be a high-speed scalable proof of stake blockchain.

How the protocol works

Applications create smart contracts called canisters. These canisters are deployed on different Subnets.
The ICP protocol as the baselayer of all subnets.

An approach similar to Polkadot.

Network

A certain amount of the networks ICP can be converted to cycles at any one time. Cycles are used to pay for computation.

Nodes are rewarded for participating in consensus.

Governance

A users locks token in a what’s called a Neuron in the Network Nervous System (governance module).

The users can

  • Create propsals.
  • Vote on proposals
  • Is rewarded with tokens for locking.
  • Longer lock increases rewards.

Rewards are paid with inflation.

ICP Tokenomics

Circulating supply: 135,173,634

Total supply: 469,213,710

Inflation: 10% (reduced to 5% over 8 years)

Presale: $4.5 (Might be incorrect)

Distribution (Might be incorrect)

  • 24.72% – Seed investors
  • 4.75% Presale
  • 1,25% Airdrop
  • 70% VCs, Team, Foundation

Docs

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Dfinity token price

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Solana

What the SRM Token is used for?

SRM token

SRM is the utility token of Serum DEX.

SRM token is used for

  • Lowers fees on the DEX
  • Governance
  • Create MegaSerum

How could value accrue to the token?

Locking

  • Staking for liquidity and cross-chain operations to earn rewards

Burn

  • 80% of fees used to buy and burn tokens.

What is Serum?

Serum is a DEX protocol on Solana. It powers other trading protocols like Bonfida.

MegaSerum

  • 1 000 000 tokens can be locked to create MSRM and redeemed back to SRM.

MRSM staked will earn nodes more rewards than 1M tokens.

Staking

  • Each node must have atleast 1 MSRM staked.
  • 2 % Base APY
  • Additional 0 – 13% based on performance

Nodes perform cross-chain settlements among other things.

Unstaking takes 1 week.

Governance will be used for certain parts of the protocol like fees.

Tokenomic

Total Supply: 10 000 000 000

90% locked and released for 6 years after 1 years.

Distribution

  • 4% – Seed Sale
  • 22% – Contributors
  • 20% – Team and advisors
  • 27% – Partners and collaborators
  • 27% – Ecosystem Incentive

Presale price: $0.08 ($80 000 / MSRM)

DOCS

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SRM token price