Storecoin Brings Tokenized Data to the Masses, Announces Latest Milestone-Based
Token Offering
With every policy shift, every deplatforming, and every data
breach, our faith in Big Tech decreases. In Washington, the drums of anti-trust
beat ever louder. But what consumers truly want isn’t necessarily a break up of
today’s tech companies: they want alternatives. Alternative approaches to
data that prioritize privacy and consumer control. Alternative business models
that allow people to collaborate together in new ways and leverage their data as
an asset. Storecoin is a zero fee payments and peer-to-peer cloud
computing blockchain that will enable such an alternative by helping transform
data into money. Here’s how it works. The Storecoin project starts
with a zero-fee settlement layer. At the heart of this is Blockfin, our
leaderless, Byzantine Fault-Tolerant (BFT) consensus algorithm that solves for
scalability and decentralization. Thanks to Blockfin and a credibly low
inflation policy, $STORE functions as a sound money for the entire
Storecoin ecosystem. As security with scalability is proven,
Storecoin will open up miner (or, as we call them “dWorker’s”)
participation to anyone in the world. From there, the secure settlement layer
can evolve into a p2p cloud platform for the decentralization of data and the
creation of new, zero-fee tokenized apps (tApps). In short, we believe that many
applications want to experiment with their own native tokens to
incentivize work and other activities, to coordinate their groups, and to
experiment with as yet undreamed of use cases. The problem with the first
generation of ICO tokens is that they are simply payment tokens, which is
a bad substitute for money unbacked by anything but speculative belief.
Application developers in the Storecoin ecosystem can only issue
tokens that are backed by the data their application produces, giving them
intrinsic value based on the demand that third parties have for that data.
Because data is the oil of the new economy, this creates an opportunity for the
dWorkers in the Storecoin ecosystem to get rewarded for servicing and
securing the network of applications, while providing a more profitable
hosting solution for app developers than today’s centralized alternatives
like AWS. What’s more, this tokenization of data creates new
opportunities to address consumer concerns like never before. First,
enterprising developers who want to offer something different might take
advantage of data tokenization to help cut consumers in to their business
models, finding new alignment and synergy with their users. Even if users aren’t
being paid for their data, per se, tokenization makes data much more trackable
and transparent, giving users new insight into how their data is being used and
providing them more power to fight against what they don’t like. Underpinning
this all is a shared security network where the miners or dWorkers of the
Storecoin system ensure that the entire network is protected from
malicious attack. For Storecoin, it is imperative that this new data
paradigm doesn’t simply replace one intermediary with another, however. That’s
why the entire project will be governed through a system that
enshrines checks and balances and the separation of powers. Our governance
system makes it impossible for any one group – developers, miners, or the
nonprofit foundation – to warp the system to benefit them above the others.
Announcing the Next Storecoin Milestone Token Offering
Storecoin is launching its long-awaited Milestone Token Offering on
Thursday, June 20th at 12pm PT. This Regulation D and Regulation S securities
offering aims to bring in over 500 new wallets and up to $4.97 Million of
Treasury into the project. Since inception, Storecoin has taken a
strong anti-ICO stance and instead has committed to growing Treasury on the
basis of achieving key project milestones. These global MTOs focus
Storecoin on transparent project execution while building long-term trust
with its growing community. The sale will be offered as a sequence of
three phased pricing rounds. Each sale phase will be offered on a
first-registered and first-funded basis. Once a phase is fully registered
and funded, the next phase will open up and be offered to the next registered
buyer. The proceeds from this sale will be used for a number of vital project
building activities, including: Existing Storecoin investors include Ari Paul of
BlockTower, Anthony Pompliano, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural
Capital, and more.Register for the sale at: http://sale.storecoin.com.
Token Offering
With every policy shift, every deplatforming, and every data
breach, our faith in Big Tech decreases. In Washington, the drums of anti-trust
beat ever louder. But what consumers truly want isn’t necessarily a break up of
today’s tech companies: they want alternatives. Alternative approaches to
data that prioritize privacy and consumer control. Alternative business models
that allow people to collaborate together in new ways and leverage their data as
an asset. Storecoin is a zero fee payments and peer-to-peer cloud
computing blockchain that will enable such an alternative by helping transform
data into money. Here’s how it works. The Storecoin project starts
with a zero-fee settlement layer. At the heart of this is Blockfin, our
leaderless, Byzantine Fault-Tolerant (BFT) consensus algorithm that solves for
scalability and decentralization. Thanks to Blockfin and a credibly low
inflation policy, $STORE functions as a sound money for the entire
Storecoin ecosystem. As security with scalability is proven,
Storecoin will open up miner (or, as we call them “dWorker’s”)
participation to anyone in the world. From there, the secure settlement layer
can evolve into a p2p cloud platform for the decentralization of data and the
creation of new, zero-fee tokenized apps (tApps). In short, we believe that many
applications want to experiment with their own native tokens to
incentivize work and other activities, to coordinate their groups, and to
experiment with as yet undreamed of use cases. The problem with the first
generation of ICO tokens is that they are simply payment tokens, which is
a bad substitute for money unbacked by anything but speculative belief.
Application developers in the Storecoin ecosystem can only issue
tokens that are backed by the data their application produces, giving them
intrinsic value based on the demand that third parties have for that data.
Because data is the oil of the new economy, this creates an opportunity for the
dWorkers in the Storecoin ecosystem to get rewarded for servicing and
securing the network of applications, while providing a more profitable
hosting solution for app developers than today’s centralized alternatives
like AWS. What’s more, this tokenization of data creates new
opportunities to address consumer concerns like never before. First,
enterprising developers who want to offer something different might take
advantage of data tokenization to help cut consumers in to their business
models, finding new alignment and synergy with their users. Even if users aren’t
being paid for their data, per se, tokenization makes data much more trackable
and transparent, giving users new insight into how their data is being used and
providing them more power to fight against what they don’t like. Underpinning
this all is a shared security network where the miners or dWorkers of the
Storecoin system ensure that the entire network is protected from
malicious attack. For Storecoin, it is imperative that this new data
paradigm doesn’t simply replace one intermediary with another, however. That’s
why the entire project will be governed through a system that
enshrines checks and balances and the separation of powers. Our governance
system makes it impossible for any one group – developers, miners, or the
nonprofit foundation – to warp the system to benefit them above the others.
Announcing the Next Storecoin Milestone Token Offering
Storecoin is launching its long-awaited Milestone Token Offering on
Thursday, June 20th at 12pm PT. This Regulation D and Regulation S securities
offering aims to bring in over 500 new wallets and up to $4.97 Million of
Treasury into the project. Since inception, Storecoin has taken a
strong anti-ICO stance and instead has committed to growing Treasury on the
basis of achieving key project milestones. These global MTOs focus
Storecoin on transparent project execution while building long-term trust
with its growing community. The sale will be offered as a sequence of
three phased pricing rounds. Each sale phase will be offered on a
first-registered and first-funded basis. Once a phase is fully registered
and funded, the next phase will open up and be offered to the next registered
buyer. The proceeds from this sale will be used for a number of vital project
building activities, including: Existing Storecoin investors include Ari Paul of
BlockTower, Anthony Pompliano, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural
Capital, and more.Register for the sale at: http://sale.storecoin.com.