The WORBLI Token (WBI) grants the holder proportionate access to our network resources on a constant basis. Our “Utility” driven economic model provides a stable and rational base protocol to power decentralized applications on a commercially viable basis. The ownership of WBI is not limited to those developing applications who directly require resources. In fact, our belief is that most applications will not own WBI but access the resource through our “Middleware” tools that optimize resource allocation. This optimization lowers resource costs for business and consumers whilst minimizing latent resources on the network. It is this rationality and price discovery, combined with our ever-evolving compliance framework, that will drive the growth and scale of our network as the base protocol of choice for DeFi applications.
Our economic model re-allocates resources to those contributing to Utility. That is not just direct usage but allowing others to use your resources. The delegation of resources back to the chain, whilst maintaining ownership of WBI, is critical to the optimization process and is self-serving to a WBI owner. Since most applications will not own WBI directly, a “Landlord” and “Tenant” relationship will evolve within our ecosystem analogous to digital real estate.
Within our resource model is a rolling 28-day lending facility available to WBI holders. This provides a “Standby” resource for applications that can borrow on a daily basis from this facility. WBI placed in the facility receives a proportion of inflation irrespective of any lending activity and an inflation-linked lending fee from borrowers in the event that demand is present. The pricing for both are algorithmically based on the Utility of the network which completes the economic loop for our stakeholders in a truly aligned structure.
In addition, our Middleware tools, enable further options for WBI holders to provide their resources back to the network in different ways. In particular, Chintai and UtilityX provide different strategies for applications and users to exchange resources. Chintai offers a lending and borrowing model whereas UtilityX offers liquidity in Utility derivatives- the digital resource equivalents of a commercial bank and a commodities exchange. Both models, individually and combined, provide price discovery, drive efficiency and lower implicit and explicit costs for running a business on WORBLI.
Our current plans for 2020 involve establishing a facility via UtilityX whereby WBI holders can contribute their resources to an externally managed pool that supports and invests in a variety of DeFi and fintech focused applications. This pool of resources is used to support and invest in WORBLI applications exclusively on commercial terms. Several applications have already signed deals on this basis and more are under review.
WBI holders benefit directly from contributing to the network and enjoy the catalytic stimulus on the network. These actions increase the potential value of the very resources they own. Furthermore, our model allows them to benefit not just from the network itself, but from the Utility that sits above it. As enterprise adoption commences, reliance on the value in a horizontal base protocol will be reduced.
As we grow and our user base evolves, the network emphasis will shift to resource liquidity, pricing and efficiency. The underlying WBI tokens will represent the “Freeholder” interests of the network. In our genesis stage, current owners are in a unique position to stake their claim as pioneers and stewards of the future of Decentralised Financial Markets.
The WORBLI business development team loves working with great projects. If you think WORBLI’s state of the art financial services blockchain could help your business or application, send an email to email@example.com
To learn more about WORBLI or create an account? visit www.worbli.io