Is here somebody who may describe me what exactly will be produced by this project except tokens?
What kind of people requirement does the project resolve?
I've found no one.
BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies. The incentive scheme and issuance plan is aimed towards creating value for the coin while deterring the centralization of power. The Modified Federated Byzantine Agreement algorithm will allow for low latency transactions while being more energy efficient. The Congressional System is aimed towards creating a more democratic and productive decision making process. Trust contracts will provide a decidable and approachable framework for creating and executing contracts on the blockchain. BOScoin aims to achieve these goals while leveraging the security and integrity that can be gained through blockchain technology.
The BOScoin platform will allow for many applications to run on top of it, making use of the BOScoin token and trust contracts. For starters there will be two ready-made applications called Stardaq and Delicracy which are being built by the team and partners:
- Stardaq: an international celebrity popularity prediction market. A celebrity's popularity is represented as an index and users can place bets on whether the popularity of the celebrity will rise or fall. The bets can only be placed with BOScoins.
- Delicracy: a collective decision making tool that can be implemented in any organization. All users can participate in the decision-making process by placing bets on a set of proposals,
similar to the Augur prediction market . The proposal with the most bets is passed. This type of system can help promote transparency and participation for decision-making processes in organizations large and small.
These applications will not only increase the transactional value of the coin, but will also help acquire new users. The team is also working on other projects and collaborations, but no details have been shared yet.
One of the main features of the platform is the Commons Budget. The Commons Budget is an account where BOScoins are held and can only be transferred by proposals that are passed through the Congress. The main role of Commons Budget is to expedite the growth of the coin users during the early stages, for example by providing BOScoins to startups or companies as funding capital to build an application on the platform. Anyone can build an application on the BOScoin platform, as long as the proposal gets accepted through the Congress. It's also not limited to building applications, anything that helps BOScoin grow could be accepted. It's up to the Congress members to vote for each proposal in a democratic way.
More information about the Congress, Commons Budget, trust contracts and much more can be found in the
FAQ and
white paper.
