What is the Eternal Trusts token?
The main purpose of the token is to serve as fuel that powers every stage of the Dream Execution Flow. First, you can become a client and initiate the long-term process only by purchasing the ET tokens. At every stage of the dream execution, all classes of oracles that provide their input to the platform will receive rewards also in the form of Eternal Trusts tokens. In addition, all service transactions with providers will be token-based. Thus, we make sure that the token is an essential part of our business model and operations, and is closely tied to our value proposition.
Essentially, Eternal Trusts is a DAO that consists of a group of blockchain addresses with different ET token balances. The rights of the DAO participants are determined by the amount of Eternal Trusts tokens in possession, so the more tokens you own, the more rights you have to cast votes and offer proposals. Hence, on a more global level, holding a large amount of tokens can even authorize you to participate in important strategic decisions about ecosystem development, internal policies and configurations, as well as decisions to integrate third-party platforms through API.
The smart contract ecosystem of Eternal Trusts will also allow providers to start crowdfunding token-based campaigns for sponsoring research & development that would create components for clients purposes. We aggregate the demand by “tokenizing” it on the platform, thereby helping the scientific community steer their research towards fields most essential to humanity. One of the crowdfunding models that we envision is letting R&D labs and companies conduct their own ICOs on our own platform with the use of ET tokens, which would allow them to raise necessary funding to support their research in the long-term. Those projects brought to reality via the Eternal Trusts platform will also be encouraged to use ET tokens as their currency.
Overall, we aim to create a balanced and robust transactional system by taking market prices, costs, and volume of transactions into account. The DAO will be able to configure the system in a way that will ensure the token will be in high demand by both clients and providers of innovative services.
