Blue Whale Network
Starting from May 24, 2018, the Blue Whale Network project will start . During the private and preliminary sales of tokens, the project has already collected 25 million SGD from the planned 30 million SGD, it remains to collect 5 million SGD, which makes the project very promising in the eyes of investors.
The theme of the project is also attractive: to enable freelancers (both private and corporate) to find work and earnings opportunities in a variety of ways, including. by placing advertising and promotion of goods and services of other platform participants, by earning money on voting, arbitration, verification of other users, as well as attracting new participants to the platform. And this is not an exhaustive list of features provided by the Blue Whale Network platform.Blue Whale Network (BWN) is a decentralized platform developed for 3rd generation blockbuster, which plans to create a network of various exchange platforms that share the philosophy of Blue Whale.
Blue Whale Network stands on three whales:
1. The manager of the activity of deposits (CAM) , which tracks and rewards members of the platform, helping to attract traffic (attention) to freelancers and small businesses. This provides an alternative to the increased commission rates of other centralized ad platforms.
2. A decentralized associated network (DAN) that provides free SaaS5 tools, such as backup and scheduling software, customer relationship management (CRM) tools, and intelligent advertising solutions. These tools dramatically reduce the cost of freelancers and small businesses for advertising and job search. The decentralized network creates a new revenue model based on the intellectual analysis of large data and machine learning. This allows you to analyze the data, find the necessary services for a particular company and reward freelancers who provide their accounts in various sites and social networks to advertise the services and goods of other freelancers / companies.
3. Bank of remuneration (ReBa) . The use of blocking technology allows the use of transparent and reliable distribution of the domestic currency Blue Whale - BWX coins. This balances payments to sponsors (CAM), as well as revenues from the decentralization of the associated network.
Blue Whale will build a network consisting of a number of blocking nodes. Each block-node will track all BWX transactions, including the balance of the Bank of rewards, as well as the balance of each user (balance information - ReBa). Viewing of transactions and balances of the Bank of rewards is open to the public, but creation of rewards in the Bank is allowed only through consensus transactions. A new transaction that is linked to the balance of BWX occurs either automatically through a smart contract, or by initiating by service providers or freelancers to check their services / tasks. This transaction will be verified by some verifiers among the pool of verifiers. When the transaction is successfully verified, this will update the balances stored on the nodes of the block system via the synchronization mechanism provided by the blocking technology.
The two main activities that can generate a transaction are the promotion of work and the verification of work.Each service provider can participate in the Blue Whale network by configuring the local nodes of the blocking system on its network. ReBa balances will be distributed through networks consisting of Blue Whale network, as well as own subsystems of network service providers. Integrity protection on ReBa is most important for the integrity of the Blue Whale ecosystem. The Blue Whale network will use advanced security mechanisms, encryption and gain from attacks.
Decentralized mergers and acquisitions (On-boarding)
The decentralized structure of mergers and acquisitions was developed to provide scalability and exponential growth of Blue Whale adaptation rates by increasing the number of DApps and "provinces" in the Blue Whale network.
Like the white label franchise, Blue Whale provides small businesses with white DApps brands that they can use for their own communities ("provinces"). Each of the DApps has its own CAM, DAN and access to ReBa, which are powered by the Blue Whale blockbuster. This allows those small businesses to offer equal remuneration and pay for work for freelancers in their own subnets. These incentives attract freelancers to join their subnetwork networks, which allows them to develop their communities.
When these small businesses board Blue Whale as a DAPP label, they can also choose to issue their own coin for collecting funds through the ICO, of which 10% will be kept as a reserve in Blue Whale. However, they may also decide that they do not need to raise funds through the ICO. If they prefer not to conduct an ICO, they must contribute 10% of their value (for annual EBITDA), acquiring BWX at the prevailing exchange rate. This ensures that the main Blue Whale network and its subnets continue to be mutually invested in each other.
Federal architecture on the block chain
Since each platform has its own unique form of control, it is not advisable to offer different platforms to change the participation in the Blue Whale network. The network respects the independence of various platforms with a white label. Functioning with federal philosophy, each platform / node on BWN is called a "province" with free exchange of ideas and coins between different provinces.Blocking is the best technology to achieve this vision.Platforms that use BWX can set their own reserve ratio and can also issue their own coins at a fixed exchange rate in BWX.The base reserve ratio (RR) will be set at 110% of the lowest BWX price in the previous year, adjusted for inflation in each year. When the coins issued by the platform vendor do not meet or exceed the requirements for the reservation ratio, the platform provider needs to block more reserves by purchasing an additional BWX to stabilize the BWX price, as well as the entire economy based on BWX. If coins issued by another platform do not meet or exceed the requirements for the ratio of reserves, they must block the purchase of an additional BWX.
Any platform that violates these financial rules will be punished by deprivation of voting rights and incentive payments. The Council of the Federal Administration, consisting of representatives of the provinces, will determine the requirements and rates of the reserve ratio. Given that the benchmark RR is set at 110% of the lowest price for the previous year, if the BWX price falls below this rate, other platforms will be required to lock and purchase additional BWX. This helps limit downward volatility and stabilize the price of BWX.
Decentralized autonomous organization (DAO)
DAO is the main structure of managing the Blue Whale network. Each province can have its own management structure, but on issues that can affect all participants in the Blue Whale network, it can participate in the management of BWF using the Blue Whale Foundation Vote System (BWF). Through the DAO, Blue Whale Network members can manage a stable platform and currency market by creating and adjusting policies such as operating costs, savings in the Bank's rewards, commission fees, issuing new coins, an incentive / payment algorithm, and fines.
Decentralized advertising network
Users on different exchange platforms can participate in the advertising network, placing ads and providing sites and channels for other advertisers. When the announcement leads to a purchase, both the provider of the site and the Blue Whale network will receive commissions.As explained earlier, blocking technology allows users to honestly use various platforms using a decentralized advertising network. It provides for the sharing of procurement data, and subsequent tracking and analysis is transparent and free of charge. Instead of running separate machine learning algorithms on each platform, Oracle Blue Whale Network combines advertising data to improve the effectiveness and accuracy of advertising targeting.Nevertheless, each platform can decide, by voting, whether it will participate in the advertising network.
ICO
Since May 24, the final stage of the sale of BWX tokens will begin. The price of the BWX tokens is: 1 SGD = 800 BWX, or 1.32 SGD = 1 USD = 1056 BWX.
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Author : rajee89