tokendapppub: a Bancor based utility-enhanced token protocol
Unleashing the power of DApps
Welcome to “DappPub”. We are a blockchain startup team working on DApp development and exploring the infinite possibilities that DApps could do.
Many of you might have directly or indirectly used our first DApp : “signupeoseos”. It is a frequent used EOS DApp helping users create EOS accounts which has already been integrated in many popular mobile wallets (“Token Pocket”, “Meet.one”) as a widely used underlying EOS smart contract.
We have been working on an EOS DApp platform that helps third-party DApp development teams raise EOS for their DApps. We are open to the EOS community and welcome any third-party DApp development team and individual EOS user to cooperate together to create a better EOS ecology.
On our platform, any DApp development team can raise EOS from the public by giving out the use rights of their DApps. On the other hand, individual EOS users could contribute their EOS to support their favorite DApp projects and acquire the DApp use rights.
To avoid the drastic price fluctuation problems happened on these traditional ERC-20 tokens, we proposed a series of unique utility token protocols to limit the speculation behaviours so as to protect the benefits for these DApp development teams and individual contributors. Based on the bancor protocol, we introduce the token consumption protocol, token dividend protocol, team option protocol and an unfixed trading fee algorithm to limit the short-term speculation behaviours and benefit the long-term value investors.
Being an DApp development team ourselves, we also follow these protocols to give out the use rights of our DApp in the form of “PUB”. When other third-party teams plan to issue their own utility tokens, they need to pay 100 PUB. There is a limitation that the unique token name abbreviation must be 5–7 letters right now except the official “PUB” token. There will be a bidding system opened later for bidding shorter token name abbreviation. The PUB token will be used for bidding these names. Based on our bancor based series of token protocols, early DApp teams and individual contributors will have an advantage in acquiring PUB tokens at a lower cost.
PUB token information:
Total supply: 1,000,000 PUB
Base currency reserve: 10,000 EOS，only used for price calculation
Initial offering price: 0.01EOS/PUB
Team option: 200,000 PUB
Release cycle: linear release in 365 days
Trading fee: Token buying or consuming behaviours does not charge trading fee, but token selling behaviour will charge an unfixed trading fee. The initial sell handling fee starts at 50%, and it will keep decreasing when the option is gradually released and reduced to around 5% finally. Trading fee will be given back to all token holders as dividends. Refer to the “Utility Token Whitepaper” for detailed recursion formulas. Please refer to our whitepaper for more details. Please be rational and mind your own risk while investing in crypto tokens as it is with great risks as well.
Github:
https://github.com/Dappub/tokendapppub
Whitepaper: https://github.com/Dappub/tokendapppub/blob/master/Bancor%20based%20utility-enhanced%20token%20protocol.pdf
