Commercio.Network
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Commercio.Network

The Commercio.network Project

Introduction

Freedom to safely exchange documents let companies flight high
Freedom to safely exchange documents lets compaines fligh high
  1. Encourage members to manage this network
  2. Encourage members to grow this network by bringing in other members.

Commercio.network in detail

  • paternity the document was created by a declared sender
  • non-repudiation the sender can not deny having sent the document
  • integrity of the document has not been altered during transport
  • economic
  • open
  • resilient
  • suitable for cooperation between several companies

Main features

The crypto-economic incentives system

  1. The protocol proportionally rewards those who make a greater investment of money by purchasing a Membership on Commercio.network to be certified.
  2. The protocol also rewards proportionally those who make a greater investment of time by inviting and accrediting other members

Token Economics

  • Commercio Token (Available in version 1.0) is a Fungible Currency Token that can be used on Commercio.network and will be the Blockchain’s crypto currency with a value that will be determined by the market in the Exchanges (CEXs) that will join and in all DEXs.
  • Commercio Credits (Available from version 2.1) will be a fungible StableCoin usable on Commercio.network will be a token with a stable value of 1 € and will be used by companies to purchase services on the network and will be generated using Commercio Tokens as collateral.
  • Commercio MembershipToken (Available from version 2.1) will be a NON-FUNGIBLE Token that can only be used on Commercio.network related to the identity of a company or a person who gives members access to bonuses in Token for crediting other members.
  • Commercio Token is a Crypto Currency (exactly like BTC or ETH) of a sovereign Blockchain, has as Symbol CT, has a value determined by the market.
  • The currency is divisible in millionths (6 decimals) and this fraction of currency is called uCommercio (pronounced miu Commercio) This crypto currency may be freely exchanged for fiat currency or other crypto currency on any Digital Exchange that lists it.
  • The main purpose of the Token will be to be a unit of value that can be placed on stake to secure the network of Commercio.network.
  • A second Purpose may be to purchase any service that accepts it as an alternative currency to the fiat currency.
  • A third purpose may also be to act as a collateral for the creation of a second token called Commercio Credits (CC) a stable coin created specifically to allow companies to make a transaction on the Blockchain.
  • The Token, with a minimum quantity of 50,000 units and for a minimum period of 21 days, if put in Stake by a validator node allows to accumulate other Tokens through two mechanisms of Reward: Validation fees(FEE) and Validation Block rewards (VBR).
  • Validation Fee (FEE) are commissions that are issued by the system to those who perform the work of validating transactions during the consent process. The commissions collected during each block are distributed EQUALLY among the Validator Nodes that have validators for these transactions.
  • Validation Block rewards (VBR) is a mechanism that distributes a reserve of 12.5 million tokens that are distributed to all validator nodes for each Validated Block, regardless of the number of transactions contained in it. These rewards are PROPORTIONALLY distributed among the Validator Nodes according to the number of tokens they have staked.
  • If the variator node is not active, does not participate in the voting or does not behave honestly validating two transactions, it will suffer progressive losses of its stake assets according to the rules (Slashing Conditions) established by the consent protocol.
  • Commercio Cash Credits (CCC) will be generated on Commercio.network by providing Commercio Tokens as collateral.
  • The Commercio Cash Credits (CCC) has an exchange ratio always 1 : 1 with the Euro 1 Commercio Cash Credits = 1€
  • CCCs were created to make life easier for companies that do not want to face exchange rate risk or do not want to hold floating value cryptocurrencies for business reasons.
  • If a company, for example, sends a document to one of its customers, it will spend 0.01 CCC to load the document and 0.01 CCC to transfer the document and therefore only spend €0.02 in total.
  • If a company sends the same document to 5 of its customers, it will spend 0.01 CCC to upload the document and 0.05 CCC to transfer the document and therefore will spend only €0.06 in total.
  • Every single transaction on the Blockchain costs € 0.01, for example: creating an identity, creating a secure connection between two companies, uploading a document, sharing a document, signing a document, etc.
  • There may be functions performed by entities outside the Blockchain, such as archiving and deleting a document. In this case the cost of the transaction may vary depending on the cost of the service offered.
  • Since the value of 1 CCC is automatically maintained at 1 €, it may be possible to buy a coffee with 1 Commercio Credits or any service that accepts it as an alternative currency to the fiat currency.
  • Commercio Credits can be generated ONLY through a Native Smart Contract (CommercioMINT) by invoking a specific function that will place as collateral a quantity of Token defined on the basis of the market value of the Token.
  • When a company uses a Commercio Cash Credits (CCC) the Validating Nodes will accept them as an alternative payment to the Tokens.
    So a company may be able to use the Blockchain Commercio.network without ever having to buy Tokens but only Commercio Cash Credits (CCC) by exchanging them at a ratio of 1:1 for a € in Fiat currency.
  • A company can initially buy Commercio Cash Credits (CCC) by paying them in Fiat Currency from the website and from the free app of commerc.io srl.
  • Commercio MembershipToken MT will be generated on Commercio.network
  • Commercio MembershipToken is a digital version of a club membership card. They have 5 levels of value with a cost in euros that varies according to value: Black, Gold, Silver, Bronze, Green.
  • They were created to clearly distinguish the degree of participation on the network and give rights to obtain exclusive token bonuses called Accreditation Block Rewards (ABR) based on the time spent to invite and accredit other companies on the network.
  • A company or a person who buys a membership (except Green ) becomes an Accrediter and in the first 5 years can participate in the 25 million Token prize pool made available as Accreditation Block Rewards (ABR) to accredit other members and participate in the growth of the network.
  • Commissions collected during each period are distributed among all Accreditors who own a Commerce MembershipToken for a fee.
  • For example, if a company buys a Gold MembershipToken Trade and accredits another company that buys a Gold CommercioMembershipToken, it will receive a Token Bonus equal to 70% of the ABR Accreditation Block Rewards made available during the period.
  • If a company with a Gold Membership invites and accredits another company that does not purchase any membership and therefore stays with Green, the inviting company does not earn anything.
  • If a company with a Green Membership (free) invites another company that buys a Gold membership instead, it earns nothing.
  • Each invitation and accreditation action entitles you to a percentage in tokens of ABR Accreditation Block Rewards made available at a given time.
  • Commercio MembershipToken can be produced by changing the equivalent value at the time of the Commercio Token exchange except for MembershipToken Green Trade which is Free of charge.
  • Commercio MembershipToken can never be converted by companies into Commercio Token
  • Commercio MembershipToken can never be transferred to other companies because they are nominal and inextricably linked to the corporate identity.
  • A company can buy Commercio MembershipToken by paying them in Fiat Currency from the website and from the free app of commerc.io srl.
  • In the future, it is expected that it will be possible to purchase Commercio MembershipToken from any active member of the network (i.e. excluding Green members) who purchases Tokens on an exchange and exchanges them into Commercio MembershipToken and transfers them to the buyer.

TOKEN GENERATION EVENT

  • 10 Million tokens reserved for the Community. These tokens will be Locked to encourage all the people to contribute to the project.
  • 10 Million tokens reserved for Validating Nodes members of the consortium Commercio.network can be purchased at special conditions and can not be sold for a period of 36 months.
  • The 12.5 million tokens reserved as Validation Block Rewards locked on a smart contract
  • The 12.5 million tokens reserved as Acreditation Block Rewards locked on a smart contract
  • The 15 Million public tokens will be eventually distributed on Liquidity pools (LP) directly from active network partecipants.

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News and Insights from the World of Commercio.Network

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Enrico Talin

CEO/founder of https://commerc.io Interested primarily on Saas software marketing, Blockchain technology, startups & entrepreneurship topics.