//STORE enables these computing, economic, and governance primitives
Zero-fee settlement-layer enables
Zero-fee, peer-to-peer value transfer
Fast transactions
Scalable transactions
Democratic and 2/3 censorship resistant governance (one entity, one vote)
Tokenized Data enables
Data to be open and tradable
Data to be programmable by third party apps and devices
Data to have a monetary premium (like $STORE, $BTC, $ETH, $EOS, and gold)
Datacoin revenue to be shared with users, citizens, more
…which enables these high-level use cases
Zero-fee settlement-layer enabled
Tokenized data enabled (p2p cloud)
High-level Use Cases
Fast, zero-fee, programmable payments for the public internet
Voting on the global rules of a decentralized, zero-fee digital asset
Zero-fee, 2/3 censorship resistant value transfer of data as a digital asset
Voting on the global rules of decentralized, open, and programmable data
A web2 app developer opening APIs for other developers to build with (for $STORE)
An IoT device developer live streaming datasets for anyone to access (for $STORE)
A health care system making a prized and rare dataset available (for $STORE)
An autonomous car or drone opening its ML-ready, live data streams (for $STORE)
A local government streaming IoT device data for anyone to access (for $STORE)
(If we publish, we’ll award you with 100,000 $STORE – enough to compete in founding mining auctions.)
While STORE transactions are zero-fee for both end users and developers, if STORE is initially deployed as n ERC20 token on Ethereum, applicable gas fees apply on Ethereum. All settlement transactions on Ethereum incur gas fees. When the ERC20 STORE tokens are swapped with native STORE token tokens, transactions will be settled on the STORE network and at that time, zero-fee transactions are resumed.
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//STORE is the zero-fee payments network and p2p cloud that will transform data into open, tradable, and programmable money called datacoins. The protocol will be governed by fault tolerant democracy (one entity, one vote). Miners vote on STORE and will only have a single vote on governance, no matter their stake size.
STORE begins as a zero-fee, p2p settlement layer. Once ftDemocracy is ratified, the zero-fee protocol can upgrade itself into a tokenized cloud where data can be traded. In short, it’s part zero-fee p2p payments for the public internet, part decentralized Amazon AWS™, and part global marketplace for open data, algorithms, and APIs.
For press, interview, and speaking inquiries, email [email protected].
Rag Bhagavatha
Co-creator and CTO
Chris and Rag
$STORE co-creators
DISCLAIMER
Nothing herein is intended to be an offer to sell or solicitation of offer to buy, STORE tokens or rights to receive STORE tokens in the future. In the event that STORE conducts an offering of STORE tokens (or rights to receive STORE tokens in the future), STORE will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.
