TOSS TOKEN, PROJECT GOVERNANCE AND ROAD MAP
The TOSS token is a standard ERC-20 token that is used in all operations of the system:
- making a deposit when creating an event;
- blocking an operator’s collateral;
- making a bet;
- making a deposit for judging;
- withdrawal of prizes and returns of funds.
PROOF OF TOSS is a non-profit organisation — 12% of all tokes are reserved and used to set up a fund. The aim of the fund is project development, including code development, functional extension and ecosystem maintenance. Also the fund will work to expand the community, communicate with its members and attract new members.
PROOF OF TOSS road map includes several stages of the protocol development and of the White Label:
June 2018
MVP for protocol: a decentralized online betting system, a set of smart contracts
MVP for White Label: an online wallet working via MetaMask, placing bets on centrally created events
July 2018
MVP design for White Label: MVP layout markup and system setup
August 2018
1st version for protocol: smart contracts for wisdom of the crowd
1st version for White Label: peer-to-peer betting, judgement of the crowd
Autumn 2018
JavaScript API: an API making it easier to interact with smart contracts, for companies who want to integrate a protocol but don’t need the White Label
White Label: online wallet without MetaMask
December 2018
Protocol development: live-betting support
Year 2019
White label: open source mobile application
Solutions for Regulators: MVP
Have a closer look at our Technical Paper to learn more about PROOF OF TOSS project and it’s technical insights!
