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About STORE

STORE is bringing Cloud 2.0 to the world with a zero-fee cryptocurrency and checks and balances governance.

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September 17, 2018

5 min read

Incentivizing Owners to Stake and Merchants to Accept $STORE

At STORE, we believe that high throughput, truly decentralized, zero-fee transactions are necessary to achieve global adoption of cryptocurrencies.

We’re designing a consensus protocol called Dynamic Proof of Stake that will combine flexible economic incentives, high levels of on-chain security, credibly low inflation, and a checks and balances-based governance system with a new block production mechanism.

Our crypto-powered Web — WebC — will enable $STORE token owners, merchants and developers to transact fee-free while enjoying economic incentives tied to staking and accepting STORE’s native currency.

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1/ We're designing tools for owners to stake and power Storecoin. Also, for Merchants and Developers to sell using $STORE.
— $STORE (@store_labs) September 8, 2018

2/ Storecoin is building an integrated blockchain that secures zero-fee transactions for developers, merchants, & users.

The tools to bring $STORE to life will interoperate w/the blockchain using an API-first and two-factor authentication-required approach for all transactions.
— $STORE (@store_labs) September 8, 2018

3/ We're calling the tools and apps that bring Storecoin to life WebC -- or the zero-fee crypto-powered web.

Tools will be brought to life through our Ecosystem Fund. Early adopting apps will be funded by it, too.

Progress is being made on multiple fronts, daily. Here's a look:
— $STORE (@store_labs) September 8, 2018

4/ Here's a look at how we'll give financial intelligence to $STORE owners who choose to stake and therefore power+secure the blockchain. pic.twitter.com/VgC2F36xxd
— $STORE (@store_labs) September 8, 2018

5/ Eliminating the transaction fee for app developers and merchants creates profits while incentivizing users to spend (because they will save). pic.twitter.com/8eKzOpvIVI
— $STORE (@store_labs) September 8, 2018

6/ We're designing tools for merchants/developers to see how much extra profit they earn by accepting $STORE tokens over $USD/fiat. pic.twitter.com/3ccbQQ6VBo
— $STORE (@store_labs) September 8, 2018

7/ There is plenty to design and build.

Email us your resume and a cover letter to join our mission of expanding the possibilities of commerce and trade -- one zero-fee transaction at a time.

📧 team@storeco.in
— $STORE (@store_labs) September 8, 2018

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