STORE is Web3 cloud computing, governed by decentralized democracy. $STORE is the unit of account on the STORE protocol.
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.
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 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.
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.
STORE Monetary Policy is engineered for STORE profitability: (Revenues + Token Burn) – (Emissions + Expenses)
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.
Learn more about major research and development across $STORE