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About $STORE

STORE is Web3 cloud computing, governed by decentralized democracy. $STORE is the unit of account on the STORE protocol.

decentralized democracy in the 21st century

The number of democratic countries in the world only surpassed the number on non-democratic countries in 1993, two years after the fall of the USSR.

In 2023, STORE will attempt to bring democracy to computing resources.

2023

Type of Regime

Authoritarian Regime

Hybrid Regime

Weak Democracy

Midway Democracy

Strong Democracy

Decentralized Democracy

Original Source: Global State of Democracy Indices | International IDEA

STORE Governance - Decentralized Democracy

STORE is governed by checks and balances

Instead of a one token one vote plutocracy, it is a one entity one vote democracy
No matter the size of the stake, there is only one vote for miners providing infrastructure
Ballots begin with the Foundation. Voters can overrule the Foundation with a second vote
Unlike other layer one governances where the Foundation rules, the Voters rule the Foundation
Monetary policy can change but it’s the most difficult of all to change requiring two separate checks

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.

A decentralized, long-term, and predictable monetary system

STORE is incentivized by a decentralized monetary system that brings together the principles of sound money with credibly low inflation of 1%-2% per year, is predictable, and the secures the protocol over the long-term. In Q4 2022, a release schedule will be voted on giving $STORE a predictable, quarterly, and multi-year release.

Inflationary rewards up to 10 Million to 20 Million $STORE per year (1%-2%) begin at phase one of the STORE main network. Before main network, up to 4 Million $STORE will incentivize the Articles test network.

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Decentralized AND focused on execution

The STORE Association in Switzerland is being framed as the Judicial Branch of the STORE protocol. It protects the ratified STORE Constitution, governs monetary policy, and oversees upgrades to STORE.

STORE Governance has five branches: 1)STORE Association (Judicial), 2) Voter DAO (Legislative), 3 R&D Organizations (Execution), 4) Treasury, and 5) Security. The Association has Governors which are its elected board members. It also has Members, who agree to uphold the STORE Constitution while providing services.

the STORE foundation manages STORE web3 governance

Today, STORE Labs, Inc performs these functions on behalf of the protocol. Once the STORE Association is erected in Switzerland, the above positions will be hired, they will be cross-functional, and the Association will be funded with 25% of the $STORE inflationary reward to perpetually fund the protocol.

Multiple revenue streams enable the STORE Foundation to make ongoing investments in the operations, growth, and R&D of STORE

STORE Monetary Policy is engineered for STORE profitability: (Revenues + Token Burn) – (Emissions + Expenses)

Earns 25% of inflationary rewards

Earns 25% of all blockspace Surge Fees

Earns 25% of all off-chain cloud revenues

Network operators – the voters and miners of STORE – receive 70% of the inflationary rewards. The STORE Foundation receives 25%. Markets receive 5%.

how store inflationary rewards are distributed

How inflationary revenue is allocated

How STORE Launches

Incentivized Test Network called Articles

STORE’s incentivized test network will test the economics of STORE, frame the structure of a future a ratified BFT democracy, and allow governance to evolve into a meta-governance.

Phase 1

Launch First Treasury

Phase 2

Protocol Governance

Phase 3

Establish ⅓ Trust

Phase 4

Market Governance

Phase 5

Expansion

# of STORE Voters

# of Voting Markets

0.5

# of Cloud Miners

# of Cloud Markets

0.5

Inflationary Rewards (4 Million $STORE)

1% / 666,667

2% / 1,333,333

Security Budget

10%

12.5%

15%

17.5%

20%

STORE Auction for Voters

STORE First Treasury introduced

Voter Rewards and Market Rewards both introduced

Voters sign up for Discourse and join Committees

Voter Registry and Voting Reward ledgers are published

The STORE Foundation begins issuing ballots from Committee requests and STORE R&D. In a checks and balances governance, staked Voters can overrule the Foundation in a final vote if the Foundation rejects their first vote results (dDemocracy).

Founder Rewards introduced, an incentive for STORE to grow

Establish BFT Identity

Markets introduced. STORE Voters begin to determine how to add future Markets for added security and utility to the protocol.

Earnings Power re-auction for all Voters and Miners – a quadrennial event

Markets vote as a DAO (dFederalism)

First ballot for non-STORE crypto governances issued #GovFi

NOTE: There will be 17 auction winners per Market. On STORE, there is both Protocol-level governance and Market-level governance.

STORE expects to have five launch phases and a test network

The STORE protocol evolves one launch phase at a time. As utility grows, so does the budget for network security — whether it be through inflationary rewards, an increased Security Budget, or fees.