Trias Repurchased 96million TRY to Reward the Community
Trias has repurchased 96,472,628 TRY from its 2019 revenue and will contribute to Trias community through burning and staking.
Targeting at providing enterprise-grade blockchain technology and infrastructure, and connecting the traditional clients to crypto innovations, Trias has been consistently delivering progress in its first-of-its-kind innovative technology, products, client use cases.
In 2019, Trias has delivered enterprise products and solutions (TriasForce, a Decentralized-SaaS) to solve the trust and security issues for different customers in many industries: for example, in Soochow Securities, Trias implements blockchain-based DevOps systems, targeting at insuring the stability of its stock trading system and preventing insider threats brought by contractors. In Chongren County Substation Industry Park, Trias provides blockchain-based trustworthy ERP/MES DSaaS for more than 100 companies in the substation industry with a total product value at $0.3billion in supply-chain finance.
TriasForce now has 3 products, TriasForce Auditing, TriasForce Security, and TriasForce ERP, providing blockchain-based services to clients over different industries.
Upon this progress, many third parties from all over the world have joined Trias Alliance, such as software developers(Octa Innovations in China), data engine (Ptmind in Japan), open-source communities (Odoo), open-source compliance (Eyes protocol in Korea), security providers (CertiK in the US), and crypto projects.
Through the extensive distribution network of Trias Alliance, Trias Foundation has achieved revenues since 2019Q2. 30% of the clients paid to Trias Alliance was distributed to Trias Foundation. To give back Trias communiity the value created from business activities, Trias Foundation has used 80% of its quarterly revenue to repurchase TRY from the secondary market during the process. A total amount fo 96,472,628 TRY was repurchased in 2019.
The 96,472,628 TRY repurchased TRY will be distributed to the Trias community in the following ways:
1) Staking Auction Model: the auction is implemented to serve as the ‘value discovery’ for the staking. If the staking only attracts a smaller number of ‘stake-holders’, meaning the confidence in the economy is low, then higher-yields are distributed to the ‘stake-holders’ and vice versa.
2) Burning: to further incentivize the network participants, the buyback tokens will be removed from circulation
Trias Foundation repurchase occurs when revenues are generated from sale of TriasForce and other blockchain products in Trias Alliance, as well as rents are generated from other Trias infrastructures, such as Leviatom and Prometh.
