//STORE enables these computing, economic, and governance primitives

Zero-fee settlement-layer enables

Zero-fee, peer-to-peer value transfer

Fast transactions

Scalable transactions

Democratic and 2/3 censorship resistant governance (one entity, one vote)

Tokenized Data enables

Data to be open and tradable

Data to be programmable by third party apps and devices

Data to have a monetary premium (like $STORE, $BTC, $ETH, $EOS, and gold)

Datacoin revenue to be shared with users, citizens, more

…which enables these high-level use cases

Zero-fee settlement-layer enabled

Tokenized data enabled (p2p cloud)

High-level Use Cases

Fast, zero-fee, programmable payments for the public internet

Voting on the global rules of a decentralized, zero-fee digital asset

Zero-fee, 2/3 censorship resistant value transfer of data as a digital asset

Voting on the global rules of decentralized, open, and programmable data

A web2 app developer opening APIs for other developers to build with (for $STORE)

An IoT device developer live streaming datasets for anyone to access (for $STORE)

A health care system making a prized and rare dataset available (for $STORE)

An autonomous car or drone opening its ML-ready, live data streams (for $STORE)

A local government streaming IoT device data for anyone to access (for $STORE)

(If we publish, we’ll award you with 100,000 $STORE – enough to compete in founding mining auctions.)

While STORE transactions are zero-fee for both end users and developers, if STORE is initially deployed as n ERC20 token on Ethereum, applicable gas fees apply on Ethereum. All settlement transactions on Ethereum incur gas fees. When the ERC20 STORE tokens are swapped with native STORE token tokens, transactions will be settled on the STORE network and at that time, zero-fee transactions are resumed.

January 24, 2018 . 2 min read

Finance Professor Stephen McKeon Joins STORE as Economics Advisor

One of the nation’s leading thinkers on the economics of blockchain and cryptocurrencies, Stephen McKeon, has joined Storecoin’s team of advisors.

One of the nation’s leading thinkers on the economics of blockchain and cryptocurrencies,Stephen McKeon, has joined STORE’s team of advisors.

STOREis a new public blockchain with governance similar to the checks and balances of the U.S. Constitution and underlying cryptoeconomics similar to ride-sharing companies like Uber. On top of STORE, third-party developers will build crypto-powered apps — or cApps.

McKeon (photo above) is associate professor of Finance at the University of Oregon, teaching financial technology, venture capital, and corporate finance in the undergraduate, MBA, and PhD programs.

A prolific author and frequent guest on financial news broadcasts, McKeon is well versed in the areas of cryptoassets, private equity, and security issuance.

“Stephen is one of the most intellectually honest individuals that I’ve met in the crypto space with regards to their underlying economics,” said STORE creatorChris McCoy. “I’m very much looking forward to bringing his academic approach to our team.”

That approach, and the clarity of McKeon’s analysis, is evident in a post written abouttokenization of traditional assets.

McKeon’s advisory expertise is in the area of economic design and strategy.

“I’m looking forward to digging into the economics with them as they work to build a protocol of lasting value,” he said.

McCoy said STORE will incentivize all sides of its network across multiple, milestone-based token generating events, ultimately giving it a treasury and governance that lets it operate as more than a thousand-year public protocol.

“STORE is pushing the envelope in terms of thinking carefully about models of governance and transaction costs,” McKeon said.

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KYC/AML checks are required for securities law compliance. This will be a Reg D and Reg S global offering.

DISCLAIMER

Nothing herein is intended to be an offer to sell or solicitation of offer to buy, STORE tokens or rights to receive STORE tokens in the future. In the event that STORE conducts an offering of STORE tokens (or rights to receive STORE tokens in the future), STORE will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.