About //First Treasury
STORE brings together the principles of sound money with credibly low and non-compounding inflation – up to 20 Million $STORE per year – to secure zero-fee decentralized computing.
//First Treasury is the decentralized monetary system for the STORE Cloud. The $STORE digital asset is the unit of account for the STORE Cloud.
A governance of checks and balances coordinates //First Treasury making it a monetary system unlike any other with a long-term, predictable and governed issuance.
The Evolution of Money
The Case for $STORE as a Next Money
Throughout history, humans have continually upgraded their money.
History of Money: Shells ➜Metals ➜ Gold ➜ Bank Notes ➜ Bitcoin
The history of money has shown us that technological progress continually enables new
ways of facilitating commerce and trade – through new forms of trusted and secure money.
In short, technology enables the adoption of new money.
Alongside Bitcoin, a zero-fee digital asset like $STORE could emerge as globally trusted
and sound money.
When a properly governed digital asset like $STORE coordinates high-performance web
services – similar web services as found in Amazon AWS™ – the possibilities for asset
issuance by apps and devices on top of STORE Cloud are endless.
The history of money has shown us that technological progress continually enables new ways of facilitating commerce and trade and secure money.
In sort, technology enables the adoption of new money.
Alongside Bitcoin, a zero-fee digital asset like $STORE could emerge as globally trusted and sound money.
When a properly governed
digital asset like $STORE coordinates high-performance web services - similar web services as found in Amazon AWS™ - the possibilities for asset issuance by apps and devices on top of STORE Cloud are endless.
Overview of //First Treasury
1 billion $STORE tokens have been authorized by STORE Labs, Inc. They will be accessible over history. Projects founders vest for 8-years, core team for 2-4 years, and advisors for 2 years.
Treasury Schedule (1 Billion $STORE authorized)
Sold in private and public token sales to fund R&D
Allocated to the project for incentivizing growth of the STORE ecosystem, miner adoption, team, and more - emits in the first 100 years
Locked up in a long-term emission schedule giving governance access to genesis block Treasury to grow $STORE adoption - emits over 1000 years
Founding inflationary block rewards to fund STORE security, governance, more
Voting Rewards for the //Second Governance test network
A perpetual maximum inflation rate of 2% of the genesis block per year - up to 20 Million $STORE per year - will begin once the main network launches. In the year 2032, STORE governance will reach 1 billion tokens issued requiring governance to decide on future security and incentives for the decentralized edge cloud network.
$STORE Token Economics
Section: p2p currency and decentralized cloud
Category: Infrastructure (a layer one public blockchain)
$0.059 (latest price in private sales)
$ 0.069
(latest price in private sales)
Name of asset (unit of account)
$STORE
1 $STORE equals
100,000,000 bits
Allocated $STORE Supply [1]
423,780,931
Authorized $STORE Supply [2]
1 billion
Market Cap (if trading)
$29.24MM
Y2029 Max Allocated Supply
932,769,844
% Total Supplt Sold-To-Date
19.82%
% Remaining Sold-To-Date
15.18%
Maximum Annual Emissions
Predictable
Maximum Annual Block Reward
20 Million
1-Year Market Cap
$40.50 MM
1-Year Allocated Supply
604,280,577
Type
Will begin as an ERC20
and then be native
Token Usage: Before mainnet, $STORE incentivizes //Second Governance. After mainnet, $STORE is a payment, staking, and governance token. Once ftDemocracy is ratified, STORE can upgrade itself into decentralized web services where developers pay miners for compute, bandwidth, storage, and more. Once web services are provided, developers can mint their own tokens on top of the STORE Cloud.
The $STORE token is the unit of account for tokenized compute, data, more.
Genesis Supply
1 Billion STORE
Ongoing Emission Type
Inflationary
Max Inflation Per Year
20 Million STORE
Inflation Schedule
Will fluctuate to incentivize
a maximum of 10% to 51%
of $STORE staked.
Emission Schedule
Will decrease yearly but
the project has
commited to a predictable
and perpetual maximum
emission schedule for
project-controlled tokens
that is overseen by
governance.
[1] Allocated Supply means the number of $STORE tokens that are contractually obligated to be created and distributed to $STORE owners. These tokens are not yet circulating and cannot be resold. (Once they are created and distributed to $STORE owners, STORE will shift to using the term "Circulating Supply").
[2] Authorized Supply means the $STORE tokens that have been authorized by STORE Labs, Inc. to be issued for the purpose of growing the $STORE ecosystem over 100-year and 1,000-year periods. There are 1 billion authorized $STORE. New $STORE may be authorized in the future but only through a governance vote. As of today, it's expected the first authorization attemps will begin in 2032-2033 where, by 2034, STORE will need to gain governance approval to continue using a maximum of 20MM inflationary block rewards for protocol security. Tokens from the 1 billion Authorized Supply that have already been contractually obligated are called Allocated Supply.
STORE builds treasury with Milestone Token Offerings (MTO)
STORE may open up 1-2 additional MTOs before mainnet launch.
Long-Term Treasury Schedule
STORE First Treasury is set to operate on a long-term, perpetual time horizon
perpetual time horizon. Co-creators vest over 8-years. An election in 2021-2022 will elect the first-ever STORE Executive Director.
Note: Token sale allocations that have not yet been sold to-date will be evenly allocated from 2021 to 2030
Inflationary Block Rewards
20 Million max per year or 2% of the Authorized
Supply, non-computing
Estimated 100-Year Team and Advisor emissions
Estimated 1000-Year Long-Term Treasury
Rewards for the //Second Governance test network
Estimated 100-Year Ecosystem emissions
Visit
https://storecloud.org/blockrewards to learn how block rewards work
STORE is a Staking and Governance Protocol
The long-term, sound monetary policy of STORE is expected to give miners that stake industry leading, inflation-adjusted returns.
Inflation-adjusted, compounding returns for major protocols (Real Compounding Returns)
We expect $STORE to have industry leading Real Yields
*Expected Yield is: Average annualized token earnings relative to staked tokens
**Real Yield: Average annualized earnings to staked tokens after adjusting for expected inflation
//First Treasury makes STORE perpetually innovative
How STORE Cloud compares to existing centralized and decentralized clouds
STORE is a decentralized edge cloud with a decentralized monetary system, enabling perpetual innovation across web services, compute, storage, more.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
How STORE Cloud competes on web services with public clouds like Amazon AWSTM
$STORE block rewards endowed to STORE Governance and to STORE Markets incetivize the protocol to have perpetual innovation across web services, compute, storage, more
Learn more about $STORE block rewards at
https://storecloud.org/blockrewards//First Treasury is Predictable
STORE has a predictable maximum emission and inflation schedule.
STORE has a predictable maximum emission and inflation schedule.
Before formal governance ratification, STORE will use ballots in //Second Governance to reach consensus on budgetary changes. After formal governance ratification, the STORE computer’s decentralized monetary system will use an extra check and balance to start the process of changing annual budgets.
[3] Token Sales emissions are up-to-date as of March 10, 2020. We expect to sell up to 11% more $STORE between now and 2027 but cannot predict when we sell or how much. Therefore, future token sales will be added to this chart on a monthly basis. They’ll also be reported to Messari Registry.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
//First Treasury is Quantifiable
How Authorized Supply Is Distributed
STORE Labs, Inc. has an Authorized Supply of 1 billion $STORE tokens to be issued for the purpose of growing the $STORE ecosystem over 100-year and 1,000-year periods.
Allocated Supply means the number of $STORE tokens that STORE Labs, Inc. is contractually obligated to distribute to token owners for the purpose of growing the $STORE ecosystem.
As of today, these tokens are not yet circulating and cannot be resold. Once $STORE begins distributing to owners, STORE Labs, Inc. will shift to using the term Circulating Supply. In 2032, Authorized Supply will surpass 1 billion tokens. STORE Governance will need to decide how to continue securing the protocol i.e. increase Authorized Supply, use Long-Term Treasury, etc.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
The $STORE Maximum Yearly Emissions Schedule
This chart shows the maximum number of $STORE tokens, across all emissions and
inflationary block rewards, that will be added to Allocated Supply per year (through 2050).
This chart shows the maximum number of $STORE tokens, across all emissions and inflationary block rewards, that will be added to Allocated Supply per year (Through 2050).
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Annual Issuance Rate – STORE Founding until 2030
This chart compares $STORE issuance on a yearly basis.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
The $STORE Maximum Yearly Emissions Schedule – All Schedules
This chart shows the maximum number of $STORE tokens that will be added to Allocated Supply per year (through 2050).
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
How //First Treasury Compares
Inflationary Rewards Plus Emissions For Major Protocols – 100 Years
This is the total amount that each protocol is expected to grow their circulating supply per year. The data is based on known halving schedules and expected inflation rates and/or emission schedules.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Protocol-level Governance coordinates //First Treasury
A ⅔ fault tolerant decentralized democracy of checks and balances with a separation of powers will govern the rules of the STORE zero-fee settlement layer and the $STORE asset.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Four separate branches form STORE protocol-level governance
STORE’s ratified governance will be a decentralized democracy.
Powered by checks and balances with a separation of powers, the four branches will be located in four separate countries around the world. Each branch is erected with ⅔ fault tolerance.
Powered by checks and balances with a separation of powers, the four branches will be located in four separate countries around the world. Each branch is erected with ⅔ fault tolerance.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Checks and balances govern the protocol
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
STORE Markets have their own Market-level Governance
Protocol-level governance flows down to Market-level governance along with the 5% block reward. Miners in Markets reach consensus with Trust-Your-Network (TYN), or once a ⅔ super-majority is reached on either a shared fact or an actionable vote.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Change is possible on STORE – but hard, by design
Miners, the voters of STORE, can overrule the Executive Branch. Once overruled, the Executive Branch is legally obligated to carry out the change – which may include a fork if that is what the Miners decide.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Change to monetary policy is hardest of them all
Proposals to change $STORE’s First Treasury or the economics of the STORE computer require satisfying a governance system with checks and balances. The Judicial Branch is the only Branch with the power to originate these proposals which Miners vote on.
This ensures long-term credibility of our decentralized monetary system and long-term oriented stability of STORE itself.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
How block Rewards are allocated in First Tresury
Up to 20 million $STORE tokens, 2% of the STORE genesis blo0ck supply, are allocated annually as block rewards to help grow, govern, and secure the STORE decentralized cloud.
Up to 20 million $STORE tokens, 2% of the STORE genesis block supply, are allocated
annually as block rewards to help grow, govern, and secure the STORE decentralized cloud.
KEY
---- Displayed payment approved and made by Judicial Branch
___ Instant Payment from the STORE protocol
NOTE: Monetary policy, budgets, and blockchain economics can be changed through a ratified one entity, one vote governance of checks and balances. Once the Judicial Branch reaches consensus on a change, it then goes to a miner vote.
NOTE: Punitive slashing of miners for malicious behavior will be deducted from manually paid block rewards.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Block Rewards are governed by the Staking Budget (SB)
The Staking Budget (SB) is the percentage of circulating token supply that the protocol will reward for security (staking). It balances out utility vs. security for the STORE Cloud.
Governance sets the SB. Protocol founders plan to grow the SB from 10% to 51% before governance ratification.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
A Governance test network is coming soon
//Second Governance Test Network
Participate in STORE Second Governance to stress test the economics of the STORE Cloud, frame a future decentralized democracy, and pioneer #GovFi.
20 Million $STORE will be distributed dynamically as governance voting rewards on a quarterly basis for two years or until decentralized democracy is ratified by future STORE miners.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Post zero-fee mainnet, STORE will pioneer datacoins
How datacoins work: Each app or device can issue its own datacoin on the schedule of 1MB of tokenized data emits 1 datacoin
Datacoins are a new crypto asset that will be secured by and issued on the STORE zero-public blockchain.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
$STORE is the unit of account in the datacoin economy
Data grows in value when refined and machine learning-ready
To drive 20th century economic transformation, crude oil had to be refined into plastics, gasoline, chemicals, and more. Like crude oil, “crude data” gains more economic value as it becomes clean and labeled. Once refined, data becomes the raw material for machine learning and real-time intelligence to transform any industry or computing environment.
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
Ongoing research
• STORE Second Governance
• Earning yield from other protocols by staking, gathering governance intelligence from them, and then voting in them via Second Governance
• Integrating the economics of the STORE computer into the Second Governance test network
• Advanced staking economics (for public consumption)
• Normalizing, standardizing, and then tokenizing the cost of high performance computing resources
EOS
Ethereum
Storage + Cloud Compute-only (no edge computing)
Tezos
Polkadot
Cosmos
Definity
Storage + Cloud Compute-only (no edge computing)
Amazon S3
Google Drive
Dropbox
OneDrive
Box
AWS
Google Cloud
Azure Cloud
Storage + Cloud Compute + Edge Compute + Web Services (A Developer Platform)
Storage + Cloud Compute + Edge Compute + Web Services + Governance
Storage + Cloud Compute + Edge Compute + Web Services + Governance + A Decentralized Monetary System To Expand Decentralized Cloud Capabilities Indefinitely
• //STORE Second Governance
• Earning yield from other protocols by staking, gathering governance intelligence from them, and then voting in them via Second Governance
• Integrating the economics of the STORE computer into Second Governance test network
• Advanced staking economics (for public consumption)
• Normalizing, standardizing, and then tokenizing the cost of high performance computing resources
