Zero-fee Web3

A new layer one staking protocol bringing democracy to computing resources.

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Our Mission

Everything in bits – images, video, audio, data, code, computing resources, and more – will be represented as tokens and made tradable on public blockchains.

STORE will be the zero-fee ledger to trace any asset in the world, the high-performance cloud for apps to decentralize off-chain workloads and mint app coins, and a democracy to support any future use case.

With a sound and long-term monetary policy, STORE can provide industry-leading staking returns to network operators.

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$STORE TOKEN
$STORE is an ownership right to trust-minimized computing resources on the STORE protocol.
STORE computing resources are priced in bits, or units of $STORE.
(0.00000001 STORE = 1 bit; 1 STORE = 100 Million bits)
Most layer-one tokens
Single Use Token Design
$STORE
Staking
Rights
Governance
Powers
Paying
Surge
Fees
Purchasing
Cloud
Resources
NOTE: The token starts as an ERC-20 and will transition to being native to the STORE blockchain as it comes online
STORE PROTOCOL

The STORE protocol is powered by an oracle of over 250+ composable, incentivized, interoperating, and governed APIs to build on

High-performance and governed cloud infrastructure for STORE’s off-chain storage and compute
Grown with auctions, governed by decentralized democracy – one entity, one vote
Secured by Dynamic Proof-of-Stake (DyPoS), a novel state-dependent consensus algorithm
A high-speed, zero-fee blockchain with smart contracts and tokens. Surge Fees secure excess transaction demand.
HOW STORE IS DIFFERENT

Miner margins on other blockchains is STORE’s opportunity

Blockspace is the most important new product of this century. It secures private keys, the future of digital property. STORE’s approach to securing keys cuts out fat in miner profit margins without sacrificing chain security.

The Difference

In the leader-based blockspace market, miners are the block producers, mining pools are the auctioneers, and users pay unpredictably high fees. As a result, miners on Ethereum, Avalanche, and Solana blockchains extract profits 300x-3000x greater than their computing infrastructure costs.

These historically large profit margins are STORE’s opportunity.

In the leaderless and zero-fee blockspace market being pioneered by STORE, miners are the block producers and STORE Governance votes on the surge fee schedule when demand exceeds supply for zero-fee blockspace. How? Using Dynamic Proof-of-Stake Surge (DyPoS Surge), a novel economic mechanism for excess demand on the zero-fee STORE Chain to be supplied through an escalating but predictable fee market.

Result: STORE miners earn 50x margins without sacrificing security, without unpredictable fees, and with plenty of zero-fee blockspace. Using a dynamic burn, miner extractable value (MEV) is eliminated.
BlockfinBFT, STORE’s patented high-speed BFT consensus algorithm for the zero-fee STORE Chain, will run inside of STORE Cloud as a virtual machine.
PROTOCOL INCENTIVE

Incentivized by Dynamic Proof-of-Stake (DyPoS)

DyPoS, a STORE invention, provides the protocol with algorithmic stability for both off-chain and on-chain network security. This ensures STORE doesn’t overpay for security, while incentivizing network operators to meet or exceed the protocol’s Security Budget. DyPoS introduces predictable surge fees into blockspace when demand > supply. STORE’s leaderless economics incentivizes democracy to spread to computing resources on the STORE protocol. Finally, STORE’s Dynamic DDoS protection makes large-scale spam attacks on STORE Chain technically impossible.
KEY TECHNOLOGY

STORE’s BlockfinBFT leaderless consensus algorithm solves for
layer-one scalability and decentralization without sharding, roll-ups, etc.

The leaderless consensus algorithm avoids the chain fork waste problem that is slowing down today’s leading consensus algorithms by preventing chain forks altogether. How it works: All miners work together to build and validate blocks rather than competing to produce blocks privately — which causes chain forks. BlockfinBFT is fork tolerant.

At a glance
Block miners receive transactions from clients and send batches of validated transactions to the Cloud miner network.
‍
Block miners are similar to edge computing endpoints.
Cloud miners gossip to sync transaction batches with each other. Prior to block finalization, they assemble transactions into pre-existing blocks.

Cloud miners are similar to data centers and clouds
Blocks are created in parallel to eliminate chain fork waste
NOTE: STORE Labs, Inc. owns the U.S. patent for BlockfinBFT.
‍
STORE expects to take BlockfinBFT through Jepsen Security Audits in Q4 2022.
THE ZERO-FEE LEDGER TO TRACE ANY ASSET IN THE WORLD

Faster, cheaper, and zero-fee blockspace

The STORE zero-fee blockchain computer is composed of nodes, physical computers in the STORE Cloud, that are joined together via the BlockFinBFT consensus mechanism and incentivized by Dynamic Proof-of-Stake (DyPoS).
At the launch of STORE Chain, we estimate 2,500+ transactions per second and throughput to increase as transaction demand increases (adaptive throughput).*

The STORE VM will secure native smart contracts, oracles, and developer token issuance for NFTs, DeFi, and DeFi NFTs.

STORE Chain is secured with inflation making it zero-fee. When demand to utilize zero-fee blockspace exceeds available supply, predicable and escalating fees are charged to users through DyPoS Surge.

STORE is pioneering a zero-fee Web3.

ETA: Test network for STORE Chain and VM in 2023
Security audits begin with Jepsen in 2022
1st Generation
Bitcoin
2nd Generation
Ethereum
3rd Generation
Store
Transactions per second
3+
TPS
13+
TPS
2,500+
TPS *
Average
Fee
$2-$3
USD
$6.30
USD
$0.00
USD
(escalating fees
with surge pricing)
Transaction Confirmation
10-60
Minutes
10-20
Seconds
3-5
Seconds
(w/finality)
* Based upon estimates from internal research and development projections
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**If the price of $STORE is below the break-even price to mine STORE, then miners would be operating at a loss. STORE tracks this closely.

NOTE: Block rewards with STORE Chain will be up to 2% maximum inflation per year (20 Million $STORE). The additional 1% of inflation will incentivize blockchain usage while STORE Governance will set a transaction minimum to incentivize out spam. Learn more at http://storecloud.org/monetarypolicy.
THE CLOUD FOR APPS TO DECENTRALIZE DATA AND MINT APP COINS

The high-performance Web3 cloud that is cheaper than AWS

STORE beats public clouds like Amazon AWS on pricing and competes on performance. STORE beats all Web3 protocols on pricing and performance, while unlocking app coins.

Decentralized compute and storage will go mainstream once it competes with centralized clouds on economics.

Web3 computing protocols like Ethereum are 339 million times more expensive to store data on than AWS and 1.58 billion times more expensive to run compute operations.

Governed STORE Cloud is 38% less expensive than AWS. It is cloud infrastructure governed by decentralized democracy instead of controlled by centralized tech superpowers.

The Web3 computing paradigm where 100% of a workload is on-chain only leads to more jpegs and financial engineering. The future of Web3 is 90% off-chain and 10% on-chain. From there, high-performance apps with app coins emerges. $STORE incentivizes and secures this new paradigm.

STORE Cloud gets cheaper as more is built on it.

ETA: Test network in 2023

Existing Web3 protocols

Static-storage
Run-time compute
x $339 Million
x $1.58 Billion
x $504,000
x $2.35 Million
x $357
N/A
static-storage-only
Compared to:
$0.276
$0.00000028

Trust-minimized cloud computing

Compared to:
Governed static-storage
x 0.53
Governed run-time compute
x 0.55
*To arrive at calculations, STORE Research studied publicly available data from all networks.
Please highlight new information, etc through email to research@storecloud.org
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NOTE: Inflationary rewards with STORE Cloud will be up to 1% maximum new $STORE per year (10 Million $STORE). Rewards will be subject to the Security Budget set by STORE Governance. To learn more, visit http://storecloud.org/monetarypolicy.
ZERO-FEE APP COINS TO UNLEASH CREATIVITY AND INNOVATION

Developers build on STORE Cloud, mint app coins on STORE Chain

As STORE R&D evolves, we anticipate that developers building high-performance apps on STORE Cloud will, through smart contracts, issue their own ERC20-like tokens on STORE Chain. These tokens move through an app as a zero-fee payment thus unlocking incentivized API calls for both Web2 and Web3 apps.

Additionally, instead of getting paid in $STORE for cloud resources, STORE miners can get paid in app coins giving app coins an early monetary premium, further incentivizing liquidity and velocity across the STORE economy.
Layer-two
token type
Closest
Ethereum
equivalent
Can it
generate
Yield?
Use Cases
Payable to STORE miners
for cloud resources?
STORE-UTILITY
ERC 20
Yes
financial tokens (synthetic assets, equity tokens, utility tokens), social tokens, fractionalized ownership of non-fungible tokens
If a token has fundamental value (rights to cash-flow, underlying assets, etc.) and/or liquidity then miners could be incentivized to accept it as a payment in exchange for cloud resources. If underlying token value exists without liquidity, then miners may want to accept it as a payment depending on the illiquidity discount offered.
STORE-NFT
ERC 721
Yes
digital art/collectibles, gaming, ownership of real world assets (e.g. property) app/service access, non-fungible financial product (e.g. insurance policy, LP position, etc.)
It depends on the liquidity: If the NFT is liquid, regardless of type, then miners may be incentivized to accept it as payment for cloud resources. If the token is not liquid then it depends on the fundamental value of the token and/or illiquidity discount offered.
Improve trust-minimization in Web3
Miners of any Web3 ecosystem can run blockchain nodes on trust-minimized STORE Cloud instead of centralized AWS.
‍
First Use Case: 2022
Store off-chain Web3 data, get a proof
Developers building DeFi applications, Web3 games, decentralized social networks, or other apps on other layer-one blockchains can store off-chain data in a trust-minimized way on STORE then generate proofs which attest to the trust-minimization of the data.
Web2 ➔ Web3 through governance tokens
Web2 apps can transition into Web3 by moving their storage and compute workloads to trust-minimized STORE Cloud while issuing a governance token onto chains like Ethereum. STORE provides the tooling for airdrops, for governance, and is the Cloud to power it all. Web2 apps can then be user-governed, all the way up to the board-level.
Solve NFT asset immutability
IP owners can build high-value IP on STORE, store them forever, prove they are stored forever, and then issue them as NFTs onto Ethereum, Solana, STORE Chain, and more. This provides superior immutability and storage for IP creators compared to an IPFS hash or Web2 URL.
‍
Example: Initial Movie Offering
1
Improve trust-minimization in Web3
Miners of any Web3 ecosystem can run blockchain nodes on trust-minimized STORE Cloud instead of centralized AWS.
First Use Case: 2022
2
Web2 ➔ Web3 through governance tokens
Web2 apps can transition into Web3 by moving their storage and compute workloads to trust-minimized STORE Cloud while issuing a governance token onto chains like Ethereum. STORE provides the tooling for airdrops, for governance, and is the Cloud to power it all. Web2 apps can then be user-governed, all the way up to the board-level.
3
Store off-chain Web3 data, get a proof
Developers building DeFi applications, Web3 games, decentralized social networks, or other apps on other layer-one blockchains can store off-chain data in a trust-minimized way on STORE then generate proofs which attest to the trust-minimization of the data.
4
Solve NFT asset immutability
IP owners can build high-value IP on STORE, store them forever, prove they are stored forever, and then issue them as NFTs onto Ethereum, Solana, STORE Chain, and more. This provides superior immutability and storage for IP creators compared to an IPFS hash or Web2 URL.
‍
Example: Initial Movie Offering
NFT content units
STORE-NFT apps where each content unit and user ID is an instantly tradable NFT.
‍
Example: Decentralized tweets and user profiles as tradable NFTs - decentralized social
NFTs + Yield
STORE-NFT intellectual property where revenues from the NFT are tokenized and then can generate yield for the IP creator to fund future IP. A perpetual funding NFT.
‍
Example: A Hollywood movie is tokenized, generating yield for the screenwriter and/or studio to natively fund future sequels
ML and AI as NFTs
STORE-NFT devices where APIs and neural network data models are instantly tradable NFTs with other devices.
‍
Example: Devices build with each other’s algorithms in real-time
Programmable NFTs
Programmable NFTs can evolve with code, be programmed to respond to on-chain events, and can be programmed to respond to off-chain events through trust-minimized oracles.
‍
Programmable NFTs will power the metaverse. They can generate yield. The possibilities are endless.
1
NFT content units
STORE-NFT apps where each content unit and user ID is an instantly tradable NFT.
Example: Decentralized tweets and user profiles as tradable NFTs - decentralized social
2
ML and AI as NFTs
STORE-NFT devices where APIs and neural network data models are instantly tradable NFTs with other devices.
Example: Devices build with each other’s algorithms in real-time
3
NFTs + Yield
STORE-NFT intellectual property where revenues from the NFT are tokenized and then can generate yield for the IP creator to fund future IP. A perpetual funding NFT.
Example: A Hollywood movie is tokenized, generating yield for the screenwriter and/or studio to natively fund future sequels
4
Programmable NFTs
Programmable NFTs can evolve with code, be programmed to respond to on-chain events, and can be programmed to respond to off-chain events through trust-minimized oracles.
‍
Programmable NFTs will power the metaverse. They can generate yield. The possibilities are endless.
THE DEMOCRATIC GOVERNANCE TO SUPPORT ANY USE FUTURE CASE

STORE is governed by checks and balances

STORE’s active First Governance is one vote / one $10,000 purchased wallet. It works very well and prevents whales and founders from controlling the early stages of the project.
FOUNDING TOKEN PARTNERS

STORE has built strong partnerships at an early stage

Bitcoin Jack
@BTC_JackSparrow
TEAM

A-Player team of blockchain experts supported by cloud advisors

Co-creators Rag and Chris have been building together for nearly a decade. Project founders vest for 8 years. Advisors are hands-on, strategic, and have years of experience in crypto, cloud, data, governance, security, and financial markets. STORE Labs, Inc. and its future Foundation have committed to investment-grade regulatory & tax compliance.

Team Members
Chris McCoy (CEO)
Leads STORE R&D and execution. One of Marc Andreeseen’s 55 Unknown Rockstars in Tech, Founder at Data4America non-profit.
Galen Danziger
Executes STORE R`&D across Governance, Cloud, and Chain. CTO at MouseBelt.
Charles Belle (COO)
Leads STORE operations and compliance. Founder at Startup Policy Lab, Tech lawyer.
Mousebelt Engineering
Blockchain engineering firm helping with trust-minimized cloud computing, smart contracts, governance, tooling, more.
Endeavour Engineering
Distributed systems firm helping with BlockFinBFT and the zero-fee STORE Chain including smart contracts.
Josh Lawler
Strategy Lawyer at Zuber, Lawler, and Del Duca LLP
+15 others
Advisors
Rag Bhagavatha (Chief Architect)
Helped scale Apple’s iCloud, Cisco’s WebEx, more. Currently full-time at Zoom while helping guide STORE Engineering.
✅ BOARD OF DIRECTORS-ELECT
Francois Chadwick
Former VP of Finance, Tax, and Accounting at Uber. CFO at Volta Charging.
Mehdi Ghazizadeh
Cloud and Engineering executive leader at Docker, Sun, eBay/Stubhub
Chetan Sharma
Wireless and edge computing expert, Advisor to CXOs, regulators, and govts
Mark Ramberg
Former GM of Amazon Web Services, Media and Entertainment
Blake Darché
Chief Security Officer at Area 1 Security. Former NSA Hacker.
Partners
Public Disclosure Registry
Institutional Custody
Global Advisory
Securities law firm
Corporate law firm
OTC
Cybersecurity Advisory
Security Auditors
Governance advisory
A GLOBAL BRAND

Store it will become an everyday phrase like Uber it, Tweet it, and Google it

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Zero-fee Web3