CENTRALIZED DECENTRALIZATION

STIMA
2 min readFeb 28, 2022

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CENTRALIZED PROCESS, IN A DECENTRALIZED ECOSYSTEM

With the aim of having a lean structure capable of reacting to developmental needs quickly and decisively, STIMA was born with centralized decision-making process and a decentralized ecosystem.

STIMA decision-making process:

STIMA decision-making process
STIMA decision-making process

As STIMA itself plays the role of a fiduciary third party, in order to guarantee maximum security parameters, a distribution hierarchy of fundamental roles envisaged by the smart contract has been implemented.

For this purpose, blockchain-based external systems have been introduced:
- DEFENDER: administration panel (https://docs.openzeppelin.com/defender/)
- GNOSIS SAFE: multi-sign wallet (https://gnosis-safe.io /)

The STIMA control chain is developed on 3 layers:

Layer 1 — CONTRACT OWNER:
The ownership of the contract is entrusted to a multisign wallet, which represents the corporate shareholders, which requires a 2/3 vote to confirm transactions:
Gnosis Safe Multisig wallet: 0xeD6eE0C91eeb3b89ecbD9238c29e6d86519AC088

The decision-making process is made by the following wallets:
- 0xB6650eb6c90F52a5AE47696a7766f6B6108188D5
- 0x342db5fFF9f6f4F4a113a01B2A28B49B547A9547
- 0x309E7d2a5930b9029Db03Aa5A7DD49c1FF64555c

This role performs the following functions:
- Appoints the contract administrator (Layer2),
- Receives commissions

Layer 2 — CONTRACT ADMIN:
The administration of the contract is entrusted to a multisign wallet, which represents the corporate shareholder, which requires a 2/3 vote to confirm transactions:
Gnosis Safe Multisig wallet: 0xeD6eE0C91eeb3b89ecbD9238c29e6d86519AC088

The decision-making process is made by the following wallets:
- 0xB6650eb6c90F52a5AE47696a7766f6B6108188D5
- 0x342db5fFF9f6f4F4a113a01B2A28B49B547A9547
- 0x309E7d2a5930b9029Db03Aa5A7DD49c1FF64555c

This role performs the following functions:
- Appoint Snapshot role (Layer 3.1)
- Appoint minter role (Layer 3.2)

Layer 3 — MINTER ROLE:
The role of MINTER is entrusted to a multi-sign wallet, which requires a 2/3 vote to confirm transactions:
Gnosis Safe Multisig wallet: 0xeD6eE0C91eeb3b89ecbD9238c29e6d86519AC088

The decision-making process is made by the following wallets:
- 0xB6650eb6c90F52a5AE47696a7766f6B6108188D5
- 0x342db5fFF9f6f4F4a113a01B2A28B49B547A9547
- 0x309E7d2a5930b9029Db03Aa5A7DD49c1FF64555c

This role performs the following functions:
- MINT: generates tokens on the indicated wallet
- BURN FROM HOLD: Can only burn frozen tokens
- RELASE BALANCE: allows to defrost tokens

In the future, when the processes are stable, TO PERFECT DECENTRALISATION; SNAPSHOT function is provided within the smart contract.This contract extends an BEP20 token with a snapshot mechanism. When a snapshot is created, the balances and total supply at the time are recorded for later access.

This can be used to safely create mechanisms based on token balances for weighted voting.

Check our website for more information: 🟣 https://stima.io/

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Reddit: https://www.reddit.com/r/stima

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STIMA

STIMA is the first cryptocurrency based on the VALUE STANDARD that guarantees security and anonymity. Check our website for more information: https://stima.io