Token Model Booting — Week 2 (10/07~10/13)

Cosmochain
Oct 15 · 2 min read

Following the minting for Chain Operator(CO) on the week 1 of token model booting, we began minting for DApp Operator(DO) on the week 2.


1. DApp Operator

DApp Operator(DO) refers to the operator of the apps that are running on the Cosmochain platform. Currently, FitsMe is the only DApp running within Cosmochain ecosystem. However, in the future, other beauty services who are in collaboration with Cosmochain could join Cosmochain ecosystem as a DO by utilizing CP or COSM.

While Chain Operator(CO) are distributed with an amount minted daily at a fixed ratio as long as the ecosystem operates normally, minting for DO is calculated based on each DApp’s participation rate and thus different day-by-day.

By ‘participation,’ it means that DO attracts new DApp users so that the users provide meaningful data when performing certain behaviors on the DApp. Therefore, DO gets to receive compensation in proportion to the number of new users who provide data. The level of reward for the corresponding participation is designed to cover 50% of typical DApp service CPI, which will reduce the burden on marketing expenses from the perspective of service operator. By putting limits on daily mintable supply, we also seek to prevent hyperinflation and abusing.

Minting is proceeded based on the number of previous day’s new users, and so far, around 30,000 COSM has been minted per day. This is around 20–25% of the daily cap, and the number is expected to gradually increase as the DApp grows.


Token Model Booting — Week 3

On the third week (10/14 ~ 10/20) of token model booting, marketing projects will be initiated on mainnet.

** Plans for token economy implementation can be modified depending on the development status.


About Cosmochain

Cosmochain is a blockchain project based on beauty data, founded in March of 2018. We aim to contribute to the development of beauty ecosystem by systematically managing data incurred within beauty industry, and data to those in demand through our platform,

On June 2019, Cosmochain launched its main service “FitsMe” based on the 1.5 million data points incurred through its pilot service. So far, FitsMe is performing well, ranking 6th within Beauty Category of Google Play Store, with an MAU of 20,000 people.

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Cosmochain

Connecting users and companies through beauty data

Cosmochain

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Cosmochain is designing a blockchain-based beauty ecosystem that connects beauty industry players with customers willing to share their thoughts on cosmetics

Cosmochain

Connecting users and companies through beauty data

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