TheBookNetwork
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TheBookNetwork

MEGA Announcement Regarding the Book Network and More

TL:DR

1. The functionality of the Beta — The Beta is being worked on, we’ve been testing it out the Shopping Cart function and among other things, so when we launch version 2, the functionality will be improved. You will be notified on all development.

2. Improvement on the Website — We hired another guy to fix things up and recreate the website but differently so it can be easier for everyone to navigate.

3. The 24 pre-Super Representatives — When the new Blockchain of the Book Network is completed by 2021, the people who got voted as an SR on the Book Network from now to that year will run master nodes using the protocol from TRON except, it will only be 24 SRs. You will be notified on all development.

4. The New Blockchain — Since last year we’ve been in the development of the new Blockchain that will become the full version of the Book Network. It will have many aspects from TRON Blockchain but will be much different. The Migration from Book (ART) to Bookcoin ART will take place in 2021 so there’s no need to worry now about swapping tokens to coins. You will be notified on all development.

5. Voluntary Coin Burn — If you want the amount of ART to return back to 24 Billion you can send any amount you desire to the TRON Blackhole Burn TRX Address (link will be available in the group). Many will get offended but I believe if we work together as a family, we could bring ART back to its normal price and get it stabilized for the future.

6. Platinum Book (PTB) — The special token will soon be available for purchase in the group. Every HODLer of ART & PTB will receive each month rewards in TRX and it will only depend on the amount of ART and PTB. Whitepaper coming soon.

7. The Platform for Placing Ads — We want to build a Platform for DApp developers on TRON to advertise their product at low cost in TRX. The TRX will be used in Marketing Book (ART) and for the further development process of the Book Network.

8. The Book Rental Staking DApp — Coming soon on the Book Network, people will not only be able to rent books and audiobooks, but could also stake their ART monthly on a DApp.

I would like to thank all of you for your continued patience and support if it wasn’t for you there would not be Book (ART).

You should give yourselves a pat on your backs!

Now let’s get into the announcement, what is going on with the Beta?

1. The functionality of the Beta

Will the Payment System ever be done?

The Beta is being worked on, we’ve been testing it out the Shopping Cart function and among other things so when we launch version 2 the functionality will be improved.

Version 1 was only a test!

There were bugs and errors we had to get rid of if we didn’t see them on time people would’ve exploited the code and been another disaster. For now it is running smoothly without critical issues. The total amount of ART was sent to the TRX address. We updated the transaction hash and download links to the books unlocked automatically. There were no problems, everything went successful, the books could be read! Once it goes live we’ll notify everyone and post the link!

2. Improvement on the Website

The next thing I want to talk about is the new website. Like I told everyone already Web and Graphic Design isn’t my cup of tea, I’m a backend guy. So that’s why I hired another guy to fix things up and recreate the website but differently so it can be easier for everyone to navigate. The first test of the website will be done in two weeks time it will only be a dummy website.

3. The 24 pre-Super Representatives

Next are the 24 pre-Super Representatives.

Justin Sun has 27 Super Representatives running the TRON Network with Master-nodes by mining daily within seconds Block Rewards of 32 TRX each. This is called Delegated Proof-of-Stake (DPoS)!

The TRON Community chooses a SR by freezing TRX and Voting for the best project. Now, why is it called 24 pre-SRs? When the new Blockchain of the Book Network is completed by 2021, the people who got voted as an SR on the Book Network from now to that year will run master nodes using the protocol from TRON except it will only be 24 SRs.

How it works:

Individuals with the most ART right now will be automatically voted in to take their place as one of the 24 SRs. However, when another person has more than they have will be replaced similar to the Voting structure on TRON. Everyone in the TRON Community can participate!

There will be no freezing ART for now!

For example, (TRX Address) 500,000,000 ART #3 is secured until 2021 on the new Blockchain but if the next person has 1,000,000,000 will get their place, and so forth.

4. The New Blockchain

Next is the new Blockchain in 2021.

Why 2021?

Better safe than sorry because TRON Blockchain might get congested as Ethereum did in 2017. Since last year we’ve been in the development of the new Blockchain that will become the full version of the Book Network. It will have many aspects from TRON Blockchain but will be much different. The Migration from Book (ART) to Bookcoin ART will take place in 2021 so there’s no need to worry now about swapping tokens to coins.

One example is we want to process 20,000 transactions per second.

Once we launch the new Blockchain, there will be lots of people purchasing books and audiobooks, playing HTML5 Mining games, earning coins and tokens on Gutenberg Portal by reading, listening to audiobooks for rewards, voting for books for rewards and much more. We don’t want the new Blockchain to get congested and have high mining fees like Bitcoin and Ethereum.

5. Voluntary Coin Burn

Next, the voluntary coin burns you’re free to contribute or not.

If you read the original Whitepaper we were going to have a quarterly coin burn similar to what CZ CEO of Binance does with BNB. The total had to be 24 billion WRT, but since the vulnerability on TRONLink and exploitation by those who took advantage, we raised up the amount to 50 billion for ART. Everyone got double the amount on the Book (ART) Swap but now things are changing in the token ecosystem.

If you want the amount of ART to have less supply, you can send any amount you desire to the TRON Blackhole Burn TRX Address (link will be available in the group). Many will get offended but I believe if we work together as a family, we could bring ART back to its normal price and have it stabilized for the future.

6. Platinum Book(PTB)

Next is Platinum Book (PTB) which was the surprise I announced on Twitter.

If you all recall months ago in the group we voted for the special token on the Book Network. The winner was Platinum Book because the word “gold” has been used so much it’s getting tedious. The special token will soon be available for purchase in the group. Every HODLer of ART & PTB will receive each month rewards in TRX and will only depend on the amount of ART and PTB.

Think of it like you buy a plot of land, plant valuable crops and own the stock except the land is the Book Network, the crops are ART and PTB is the stock. The more the amount of ART & PTB the more TRX will be rewarded the less the amount of ART & PTB the less TRX will be rewarded.

We want to be fair with everyone and give back to the TRON Community as our thank you for your continuous support.

7. The Platform for Placing Ads

Next is an opportunity for DApp developers to place ads on either the Book website or the Beta.

We want to build a Platform for DApp developers on TRON to advertise their product at a low cost in TRX. The TRX will be used in Marketing Book (ART) and for the further development process of the Book Network.

I always see people spamming groups (especially on Book) on Telegram with DApp ads and scams. With this method there will be a reduction of spam. However, there are ads with viruses so before we add it, their special link need to pass a security clearance if it’s safe or dangerous. All dangerous links will be rejected!

Advertising has become a billion dollar industry we see them each day whether pop-ups on social media (mostly Facebook) and TV when our favorite show is interrupted for 5–10 minutes. Since Project Book is one of the early projects on TRON, it is now well known in the TRON Community. We want to give an opportunity to everyone especially new DApp developers that get pushed behind the long line and don’t get noticed.

There’s many that don’t get a chance to shine and show their creativity to the world.

Well now it’s their turn to shine!

8. The Book Rental Staking DApp

Lastly but not least is the Book Rental Staking DApp.

Now each day in hundreds or perhaps thousands of libraries, people rent out books, audiobooks and movies. They fill out a form and get a card at the library branch. The librarian scans the items they rented with a scanner and their card to record on their computer and put a timestamp with the due date. If they don’t return the items they rented on time have to pay late fees.

But times have changed now with “The Super Highway” the Internet and every two years things are advancing too quickly. Everything is becoming digitalized! Now that we have Blockchain technology, we could create what was only a dream 10 years ago.

Coming soon on the Book Network, people will not only be able to rent books and audiobooks but could also stake their ART monthly on a DApp. On the DApp, it will show the percentage rate of staking, amount of ART and total amount earned. There will be no late fees ever because the DApp will run on ART, which is the gas of the Book Network. As they read a book or listen to an audiobook, people will earn ART. This will encourage people to read more which is the goal of Book (ART), to reach the next generation.

— Founder and CEO of Book(ART) Victor Bermudez

Follow us on social media:

Twitter @projectbook_BN & @theOfficialBoo2

Reddit https://bit.ly/316M9Ng

Medium https://bit.ly/2Xhqcsh

YT https://bit.ly/2XhePk9

FB https://bit.ly/30WOrys

LinkedIn https://bit.ly/2KOCncI (https://bit.ly/2KOCncI)

On June 16th TronSecure will list Book(ART) don’t forget to register

https://tronsecure.io

If you want to support the development of the Book Network you can purchase ART

https://tronscan.org/#/address/TWwCFAf6Js6qUqAt8pJwyj51CJKaXDTtDe (https://tronscan.org/#/address/TWwCFAf6Js6qUqAt8pJwyj51CJKaXDTtDe)

Thank you!

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