Topic: [RFC] Funding Strategy Proposal for Esolidus: Decentralized Gas and Secure C... (Read 59 times)

[RFC] Funding Strategy Proposal for Esolidus: Decentralized Gas and Secure Certificate Framework
Greetings, Bitcointalk Community,

We’re thrilled to present a simplified and direct funding strategy proposal for Esolidus, a decentralized gas and computation system designed to power secure AI-driven computation, incorruptible ledger operations, and an ecosystem of minable subtokens like Culture Coin (for projects like The Great Library).

This strategy bypasses intermediary cryptocurrencies and directly pegs Esolidus against a purchasable certificate on another network, creating a system that is flexible, secure, and fully controlled by the Security Council for price stability and governance.

We’re opening this Request for Comment (RFC) to gather insights, suggestions, and critiques from the community regarding network choices, peg mechanics, and the role of subtokens in the Esolidus ecosystem.

1. What Is Esolidus?
Esolidus is a minable gas token at the heart of a secure, decentralized computation network. Its value stems from:

Secure Computation: Providing AI-driven distributed computing services and powering decentralized applications.
Certificate Framework: Esolidus is pegged to a certificate-based system on an external network, bypassing volatile cryptocurrency ecosystems.
Scalable Tokenomics: Future plans include enabling minable subtokens (e.g., Culture Coin) for specialized applications like The Great Library.

2. Funding Strategy
Our funding strategy centers on purchasable certificates hosted on an external blockchain network, allowing Esolidus to float against fiat currencies and maintain a price peg until the Security Council enacts a price lock.

Key Features:
Certificate Pegging:

Certificates on an external network serve as the entry point to Esolidus.
The certificate itself can float relative to fiat currencies, ensuring initial flexibility and global market compatibility.
This system avoids reliance on intermediary stablecoins like USDT or DAI, creating direct control over monetary flows.
Security Council Oversight:

The Security Council retains control over price locking, ensuring regulated transfers between the external certificate and Esolidus.
Unauthorized transfers are blocked, ensuring security and compliance with governance rules.
Request for Comment:
Which network should host the certificates (e.g., Ethereum, Polygon, or a purpose-built sidechain)?
What pricing mechanisms should the Security Council adopt to manage the certificate float and eventual price lock?
Are there alternative models for pegging the certificate while ensuring decentralization?

3. Minable Subtokens and Culture Coin
Esolidus will serve as the gas token for decentralized computation, but its ecosystem will expand to include minable subtokens. For instance:

Culture Coin: Designed to power The Great Library, an initiative for preserving and sharing global knowledge.
These subtokens will inherit the secure framework of Esolidus while being specialized for niche use cases.

Request for Comment:
How should subtokens like Culture Coin interact with the core Esolidus system?
Should subtokens also be tied to external certificates, or should they float freely in the ecosystem?
How should mining rewards for subtokens be distributed within the Esolidus framework?

4. Supported Networks
Esolidus aims to integrate seamlessly with existing blockchain ecosystems, prioritizing flexibility and interoperability.

Request for Comment:
Which network should host the Esolidus certificates (e.g., Ethereum, Polygon, or a purpose-built L1/L2)?
How should we ensure interoperability between Esolidus, certificates, and subtokens across networks?
Are there existing bridges or protocols that can streamline certificate-based interactions?

5. Governance and Security
The Security Council is central to the governance of Esolidus and its certificate system. This body ensures:

Controlled Bridge Transfers: Preventing unauthorized or fraudulent transfers of value.
Price Lock Mechanism: Timing and managing when the certificate price is locked to stabilize the system.
Transparency and Accountability: Maintaining public trust through auditable decisions and ledger-based governance.
Request for Comment:
What governance frameworks should the Security Council adopt to maintain trust and transparency?
How should price-locking policies be designed to prevent market manipulation?
What mechanisms should be in place to handle disputes or emergencies?

6. Open Questions
We invite your thoughts on the following:

Economic Model: Is the certificate-based entry point viable for scaling adoption globally?
Use Cases: Beyond computation and Culture Coin, what additional applications should Esolidus target?
Security Enhancements: Are there further measures to ensure the robustness of the system?
Join the Discussion
Your feedback is essential to refining the Esolidus ecosystem. Please share your thoughts, suggestions, and critiques in this thread. Together, we can shape a decentralized economy where computation, governance, and knowledge preservation are cornerstones of progress.

Thank you for contributing to this vision!

— The Esolidus Council
https://discord.gg/cxDRMk22pG