STORE is a new layer-one staking protocol incentivizing and securing a zero-fee Web3. $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 Foundation is being framed as a board of directors for the STORE Executive Branch while staked Voters are a decentralized governance that can overrule both.
The Executive Branch is an execution-focused tech organization with no vote in Second Governance
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.