NOUSTOKEN "The Open Protocol That Gives Investors Automatically Interacts with Project Finance and Commerce!

in #ethereum6 years ago (edited)

With the emergence of cryptocurrency and the faculty to raise capital via an initial coin offering (ICO), incipient financial markets have been engendered and the rules of participation in those markets are developing very rapidly. This has engendered a brobding-nagian demand for trusted, transparent and simple technology for traders, investors and subscribers homogeneous. What was science fiction just a few years ago is now an authenticity with the prelude of blockchain technology.

Cryptocurrency projects withal provide investors with incipient opportunities to back promising startups launching on the substratum of proprietary cryptocurrency or token platforms. Investors in turn have the competency to sell or exchange their assets or instruments on cryptocurrency exchanges. Unlike typical venture capital financings, coin offering opportunities are often very “user friendly” with low commissions and do not require minimum amounts to participate and extensive paperwork or bureaucracy. In the current market, virtually anyone can purchase tokens of an issuing company by paying a minuscule commission fee.

These incipient developments engender demand for incipient investment funds to manage crypto assets and cryptocurrency portfolios. Moreover, as the industry is becoming more regulated, institutional investors will capitalize on incipient opportunities in this niche market. In the near future, we anticipate that crypto assets will evolve into an incipient format of investing. For example, stocks, futures, options and many other assets may be indexed as crypto assets (tokens) and the supply.

We are even witnessing some startup companies endeavor to index gold and other precious metals with tokens. The indexing will make it possible to buy and sell any assets with tokens in digital format and will engender incipient opportunities to institutional investors. of those tokens will be balanced utilizing an elimination and issuance mechanism.

This white paper describes the possibilities of engendering incipient investment funds utilizing innovative blockchain technologies. Investing funds and investors are facing many obstacles such as raising capital, transparency of fund operations, decentralized data storage of investors’ assets, high liquidity, elimination of intermediaries, and many others. We propose that implementation of blockchain technology will avail in surmounting those obstacles.

In additament, Nousplatform will provide a mechanism for tokenization of assets for subsisting companies and establishment of incipient companies.

Nouse Solution To The Nation

Our solution describes an open protocol that sanctions investors to interact with financial projects, to purchase and sell the assets utilizing keenly intellective contracts peer-to-peer without intermediaries. A Protocol drives interoperability among decentralized financial projects.

There are three core components of Nousplatform:

  • Nousprotocol - is a framework that employs astute contracts to set the rules of On-Chain collaboration between investors and projects. Protocol sets the terms for interactions of the parties and can be adopted according to the type and the functionality of the project. The first release will fortify 6 types of investment projects.

  • Auditing Oracle is On-Chain and Off-Chain solution consisting of perspicacious contracts, and API that sanctions access to the certain data of the project such as accumulating statistics, calculations of capitalization, order books, exchange rates, etc. In the commencement our team will be assigned with the task of the Auditing Oracle, and later this task can be assigned to the third party audit companies. Auditing Oracles Network consists of nodes that engender reports of any project connected to the Network. Reports are stored decentralized as files on every node and signed by its engenderer. The hash of file is stored in a project’s perspicacious contract to ascertain its credibility.

  • Nousplatform Is Web interface which sanctions managers to engender an investment project and deploy it on Ethereum blockchain. For the investors functionality of the platform sanctions to go thru KYC process, as well as acquisition and liquidation of the assets of the investment projects in the form of ERC20 tokens.

The configuration of nousplatform or protocol:
The project manager culls type of the project he desires to engender. He can cull Open-Ended Fund, Closed-Ended Fund, Venture Capital Fund, Charity Substratum, Family Fund, Business/Startup. In the next versions of the Nousprotocol the types of projects could be elongated.

Case of an Open-Ended store:
Chief data sources the terms and states of the task and parameters of the token. Each undertaking issuing its own particular token. In this case token speaks to Assets under Management (AuM).
At that point Project is getting conveyed on a blockchain. From that point forward, the director goes through set up process furthermore, designs the wallets and trades' API for Auditing Oracle to track and make depictions of the exchanging measurements and recalculates the cost of the token. Cost of the token straightforwardly associates to the benefit or loss of this undertaking.

On the off chance that supervisor disregards Auditing Oracle and tempers with the accumulation of factual information, Auditing Prophet may expel the venture from the posting at its own prudence.
Noustoken protocol uses broadened ERC20 standard, which empowers the procurement and liquidation of the tokens with nuclear exchanges inside a keen contracts, and bars middle people.

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