On December 6, 2017, game company and distributor Valve announced that its gaming platform Steam is no longer accepting Bitcoin as a payment method. The company explained that Bitcoin transaction fees have gone up to nearly $20 per transaction last week, “compared to roughly $0.20 when we initially enabled Bitcoin.” At the same time, CryptoKitties burned up 15% of Ethereum's gas, causing a mid-level congestion and increasing in-game fees. Since we have been working on some ICO projects with Datarella over the last months, focusing on cryptoeconomics and token design, and we have been discussing the stability of a token within the Building Blocks project we've launched with UN's World Food Programme, we felt the need for a model that would allow a high-yield return for investors on the one hand, whilst guaranteeing the stability and a proper functioning of the specific application(s) at the same time. Two Token Model TTM Thesis Decentralized networks need a token model that
- guarantees a stable cryptoeconomic mechanism to exchange assets, services, time and money between peers, and, at the same time,
- allows investors to reap large economic benefits, and, therefore
- allows an overall story of combining a cooperative/post-capitalist model with a pure capitalist play by technically separating both aspects through the representation of two dedicated tokens.
- SAFT of CT to (accredited) investors
- One-time distribution of (free) AT to interested potential network application users (comparable to a basic income)