Understanding Synthetic Utilities

Introducing The Economichain Hypothesis

The Economichain Hypothesis is a brand new hypothesis of mine that arose in the process of developing the Zur suite of innovations. Specifically, it assumes that every single blockchain is a value configuration unto itself

(a value chain+a value network+ a value shop = a value coeval)

and that every single protocol is in fact an economy until itself, so that you have a Proof-of-work economy, a Proof-of-stake economy and now, a Proof-of-value economy.

The way these economies interact in the real world is via a process known as globalisation or more traditionally, via the free market — Blockchains are however geographically and physically agnostic so we refer to the interactions between these different digital ledger economies as Economichains (see my last post on the Synthchain for more on this as well as for a diagram on what is being discussed here).

In this post, I am going to discuss the assets that we created / are creating, and specifically, how they (co-)operate within each other’s orbits to produce an enhanced economichain.

Here are a list of the assets with their various descriptions and functions. I have grouped them into different families so as to imply a category is at work linking up the protocols:

ZUR Family

ZUR (Supply: 127,500,000): Zurcoin is a POW blockchain currency developed in Dec 2013 and recently remarketed. ZUR can be used to purchase masternodes after acquiring a min. of 10,000 ZUS coins.

ZUS (Supply: 50,000,000): Zurshares is a POS blockchain currency with voting, staking and all the bells and whistles of DASH and PIVX developed by leading masternode POS blockchain development team Snode. It will also have other staking possibilities with respect to producing meta currencies that can purchase shares.

ZURD (Supply: 35,000,000,000,000) — when DMHCO is sent to the ENd smart contract 51% of the DMHCO is sent to the ZURD smart contract address. ZURD can then mine this as well as a number of other tokens sent to its address.

ZURT (Supply: 1,500,000): Zurtoken is a tokenised version of Zurshares and/or Zurcoin. The token can either purchase 2 ZUR per token or 1 ZUS per token. It can be played in its own SeNd and can be used periodically to make the requisite ZUR/ZUS purchases.

Synthchain Family

SeNd (Supply: Soft/Hard Caps): Synthetic Nodes are the smart contracts that redistribute the value of underlying coins/tokens. Presently, there will be made: BNB, BNT, ETH, EOS (ERC version), DMHCO and ZUT.

ENd (Supply: 350): when BNB, BNT, ETH, EOS (ERC version), DMHCO and ZUT are sent to SeNd the ENd receives c. 5% of each SeNd produced. The ENd token is limited in supply to 350 and requires 100,000,000 DMHCO tokens to stake. The ENd contains all the initial supply of 1.5m ZUT too.

DMH&CO Family

DMHCO (Supply: 35,000,000,000) — this token is sent to the ENd smart contract wherein it mines a new supply of Emperornodes (ENd). This is a unit of purchase value. It has a variety of other utilities including metacurrency utility.

Proof-of-Value: Cutting Diamonds

Here it is possible to see one of every single coin/token type represented in the ZUR Family: proof-of-work, proof-of-stake, proof-of-value and ERC20 tokens. Further, it is possible to recognise the pattern of trickle-down here: ZUR purchases ZUS Masternodes after the coins are separately acquired, which can be acquired via ENd yielding a proportionate share of ZURT. ZURT can then purchase the POS coins on a 1-for-1 basis. Of course the holder could buy the POS coins off exchange too, and we will list against 9 currency pairs on a major exchange.

At the same time, ENd is the end-point for the SeNd contracts which are synthetic masternodes like the one I demonstrated in the case of Bancor the other day.

Sitting in the middle of all this is DMHCO, a token that is conspicuous by its isolated presence. This is in order to ringfence off regulatory and marketing risk from the wider development of the project. All in all, this is robust value creation structure bridging two separate economies on Blockchain via a new, value-supportive synthetic Blockchain layer. Contrast this to the effect that centralise exchanges are having on the overall market right now and consider that their influence is equally as a result of synthetics. Imagine now the effect the other way round: that is what is at stake here.

In a nutshell, everything. It’s a powerful solution that just may well pull the entire cryptocurrency market out of depression. Remember, you read it here first!

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Zurcoin, Zurbank, Zurshares and all things Zur

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Daniel Mark Harrison

Daniel Mark Harrison

E-Mail me at danielmarkharrison@gmail.com.

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