StreamPay is a universal payment and tracking method integrated with all forms of payments and currencies all over the world. Integrated into the consumer’s smartphone, the payment will show up on the user’s wallet. StreamPay enables the consumer to deposit funds and transfer them to different parts of the world.The consumer will be given a debit card, either Visa or MasterCard. This will enable him/her to make payments to any merchant which accepts Visa or MasterCard.
The STPY (ERC-20 Ethereum-based StreamPay Token) is a utility token. This product is not a virtual currency, security, object, or any other type of monetary instrument and has not been listed under the Securities Act, the securities laws of the United States, or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder resides. following the streampay video:
StreamPay Supply Chain Monitoring Process:
The StreamPay process using blockchain smart contracts provides management with a view of the global supply chain.
Distribution of Tokens:
The 12% of tokens allocated for reserved funds will be used for continued
improvements to the platform. The 4% of tokens allocated for marketing and loyalty
purposes will be gradually released to enlarge the user base and fulfill the Monthly
Loyalty Program goals. The final 14% of tokens will be distributed among the founders,
management, advisors, and software development team and the participants in the bounty campaign.
The Nimbus Token Platform allows businesses to fund their projects via pre-sales so they can greatly expand their operations, hire new workers and develop new products.
Unlike other cryptocurrency platforms, we have found a way to use blockchain hyperledger technology for any product or service. For the first time blockchain technology can be used to raise money for small business projects and for crypto entrepreneurs, to grow their altcoin collection.
To give the NIM token long term viability, the buyer of product tokens have an immense amount of flexibility. If they don’t like the product token they bought, maybe the store is not performing well, or they are not excited about the product offered, they can barter for another product token from another store, or they can hold onto the token until the token market changes, or they can get a pro rata refund for the token, based the sales the store has logged. Combining this flexibility, with smart contracts, will make the NIM token a more useful cryptocurrency.
ICO GENIUS INTERVIEW
HOW TO BLOCKCHAIN AN AVOCADO
An avocado farmer wants to expand the orchard and add more trees to some of their vacant land.
The farmer can use the Nimbus Token Platform to pre-sale avocados to expand the orchard. At the end of every growing season, a portion of the sale of each avocado crop, from the new grove, will go towards the product token wallet. Customers can either trade their tokens in for some avocados, exchange one NIMx product token type for another, get a pro rata refund, or hold on to the token for future use. Lastly, if any NIM were leftover from the crowdsale, at each sale, the store mines new NIM tokens that goes to their wallet.
HOW TO BLOCKCHAIN AN AIRCRAFT FACTORY
A successful aircraft manufacturer has a hot new jet aircraft design and a contract for 10 planes. Sounds like a great place to be except they need to build the tooling to create the aircraft. So to get the money they need to get started, they use the Nimbus Token Platform to offer pre-sales of the airplanes.
Once the tokens are sold, the aircraft manufacturer can now create the tooling needed to build the hot new jet airplane. For each aircraft sold, a percentage of the sale is directed to the product token wallet. Then the customer has the option to buy an aircraft with their tokens, hold onto the token, get a pro rata refund, or exchange their token for another product token on the platform. Lastly, at each sale, if any NIM were leftover from the crowdsale, the store mines new NIM tokens that goes to their wallet.
HOW TO BLOCKCHAIN A MASSAGE
A spa entrepreneur has a thriving spa and wants to open another spa at another location. The entrepreneur can use the Nimbus Token Platform to seek help in opening the new store. For every service the spa sells, whether it is a massage, a hair cut, a manicure, or a seaweed wrap, a percentage of each sale goes into the product token wallet for use by the customers.
From there, the customers can use their tokens for anything on the spa’s service menu, get a pro rata refund, hold onto their token, or exchange their token for another product token on the platform. Lastly, at each sale, if any NIM were leftover from the crowdsale, the store mines new NIM tokens that goes to their wallet.
NIM VS NIMX
The platform uses two types of tokens, NIM and NIMx; each with its own specific purpose. NIM are the utility tokens that is sold during the token crowdsale. If any NIM were leftover from the crowdsale, those tokens will be available to be mined whenever a store on the platform logs a sale. NIM are also required to open a store on the platform.
NIMx are the product tokens. Every store on the platform has a unique token ID. NIMx (or NIMy or NIMz) are used to denote different product tokens in the whitepaper. Actual unique token IDs could look like NIM.MillerAvocados, NIM.LocusJets, or NIM.ArizonaSpa. Platform users could barter NIM.MillerAvocados product tokens for NIM.ArizonaSpa or any other product token on the platform exchange. They can also be traded on the platform exchange for NIM, which can
be traded openly on third party exchanges.
ECOSYSTEM
The Nimbus Token Platform has a disruptive ecosystem geared towards building businesses and selling their products.
The platform is a place where businesses can launch a token sale to raise funds for their business needs. At the crowdsale, NIM tokens are sold to fund the development of the platform. Once the platform is launched, only NIM tokens can be used to open stores on the platform and launch pre-sales of unique product tokens.
When stores log sales, customers can trade the store’s unique product tokens on the platform exchange. At the same time, if any NIM were leftover from the crowdsale, NIM from the pool are available to be mined and placed into the store’s wallet.
As NIM are consumed to create stores, stores also mine the NIM back out of the pool, when they log sales. This creates the product token cycle; sale, produce, reward and exchange. In this cycle, stores sell a token so they can grow, stores produce goods or services, customers are rewarded with products and product tokens are bartered with others on the platform.
DISTRIBUTION
How The Tokens Will Be Distributed
We want to keep the value of the NIM tokens healthy. It is in no one’s best interest to artificially keep the tokens devalued. At the end of the token sale, all unsold tokens will be pooled for mining by stores on the platform as they log sales. No new tokens will be minted.
Vested Tokens
Reserved for unplanned use
Note: Nimbus Token-based incentives would be offered to the Founders, Team and the Board with a vesting schedule. This would ensure that the management team, the board, and the employees are aligned towards the long term creation of value for the Nimbus Token.
ROADMAP Nimbus Token Platform
We predict a minimally viable product to be available in Q3 of 2018 with more features coming online the rest of that year. New v2.0 features could conceivably be seen on the platform during Q2 of 2019.
Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.
Introduction
Accelerating digitalization, faster Internet transmission speeds, continuous accumulation of distributed computing resources, the application of mathematic and cryptographic technologies in the digital era: these are the factors that lead us to foresee that in the future, we will see an underlying public chain based on the features of Blockchain (including but not limited to: decentralization, openness, autonomy, irreversibility, and privacy protection). This underlying public chain will be utilized for distributed credit reporting, debt registration, wealth management, and asset transactions. It will enable business participants in different countries and regions around the world to provide financial services in a much more convenient way.
A new type of virtual agency based on blockchain technology-"Distributed Banking"- will emerge.
A Distributed Bank is not a traditional bank, but rather an integrated ecosystem of distributed financial services.
The Foundation will launch a main blockchain - Distributed Credit Chain (DCC) to establish business standards, reach consensus on the books, deploy business contracts, implement liquidation and settlement services, and so on, for a variety of distributed financial business.
The establishment of a distributed banking system will require a five- or even ten-year process. We hope that after a period of construction, the distributed bank can become an important node of new finance, and traditional businesses can enter the distributed business ecosystem through distributed banking.
How Distributed Credit Solves the Centralized Credit Problem
In DCC, each individual or institution has one DCCID generated through Public-Private Key Pair to form an address. This address acts just like a member ID in a traditional Internet system, identifying and associating various real-world attributes (such as real-name authentication, bank cards held, number of properties owned) and information on the credit chain—a loan request, loan, repayment, etc.
DCC will provide an open source personal credit data management framework-DCDMF (Distributed Credit Data Management Framework) which is supported by a specific cloud storage provider, and developers, are able to quickly rebuild users' personal credit reporting data using DCDMF based on their APP development needs. Users having a DCCID can exchange data in several APPs which use DCDMF by exporting their wallet addresses.
The Distributed Credit Chain entirely redefines the exchange process of personal credit. Individuals have ownership of the data through DIV (Distributed Identity Verification), and can determine the storage, presentation, and use of personal data. Data service institutions make profits by providing individuals with quality data services instead of storage and abuse
of data.
The DIV system protects data from falsification and deception by means of digital signatures and data digest in the circulation process. The DIV mechanism has the advantage that the data institution directly provides users with data authentication services, and the data would not be held by third parties. Such mechanism provides data sharing support to the institutions which were originally intended to provide data only to their own customers.
This all stems from decentralization, which transfers the center mastering data from
original data oligarchs to individuals, stores decentralized data in decentralized hands.
Distributed Credit Chain stores the nonrepudiable evidence proving the data’s generation
and accuracy, as shown below:
Personal data will be sent to the data institution for processing. The standard data
processed by the institution will be returned to the individual as a data report. The individual will save the data report as a personal data asset locally or in the cloud, applies to the data verification smart contract of DCC system for verification after hash summary of the report, while initiating chain vertification with the original verifying institution. After the verifying institution confirms the hash as consistent after verifying the original report, the data is labeled as authenticated and recorded within a limited period of time on the chain.
Economic Ecosystem Model
DCC is the credential used to pay for jobs in the Distributed Credit Chain. Any work in the DCC needs to be paid for with DCC. DCC balance is managed through DCC token contract to maintain a fixed total amount of DCC. As the financial service system in the DCC grows, more and more distributed business scenarios are embedded and used more frequently, which greatly increases the liquidity.
DCC's payment is handled based on the DCCpayment contract, which is responsible for the DCC payment rules for multi-payer participation.
Benefits of Ecosystem Contribution
Use of DCC in Distributed Credit Chain
Reconstructing Credit Cost with DCC
Token Allocation
Distribution Plan
The Cyber Sheng Foundation plans to issue a total of 10,000,000,000 tokens of the
encrypted digital currency DCC. In the private round , famous qualified investors in the fields of credit and banking will be invited for the investment, with the fundraising percentage no more than 18%, and the investment amount of single investor no less than 100ETH. At this stage, DCCs will be locked, with 25% of the total to be unlocked before the opening of exchange, and another 25% to be unlocked every two months, with the full amount to be unlocked in 6 months.
In ICO round, 200,000,000 DCCs will be issued to Non-Chinese and American investors. All these will be directly circulated. DCC token will be exchanged by ETH.
The contributions in the token sale will be held by the Distributor (or its affiliate) after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale.
To the extent a secondary market or exchange for trading DCC does develop, it would be run and operated wholly independently of the Foundation, the Distributor, the sale of DCC and Distributed Credit Chain. Neither the Foundation nor the Distributor will create such secondary markets nor will either entity act as anunlocked in 6 months.
