September 17, 2018 . 5 min read
At Storecoin, we believe that high throughput, truly decentralized, zero-fee transactions are necessary to achieve global adoption of cryptocurrencies.
We’re designing a consensus protocol called Dynamic Proof of Stake that will combine flexible economic incentives, high levels of on-chain security, credibly low inflation, and a checks and balances-based governance system with a new block production mechanism.
Our crypto-powered Web — WebC — will enable $STORE token owners, merchants and developers to transact fee-free while enjoying economic incentives tied to staking and accepting Storecoin’s native currency.
1/ We're designing tools for owners to stake and power Storecoin. Also, for Merchants and Developers to sell using$STORE.— Storecoin [$STORE] (@storecoin)September 8, 2018
2/ Storecoin is building an integrated blockchain that secures zero-fee transactions for developers, merchants, & users.— Storecoin [$STORE] (@storecoin)September 8, 2018
The tools to bring$STORE to life will interoperate w/the blockchain using an API-first and two-factor authentication-required approach for all transactions.
3/ We're calling the tools and apps that bring Storecoin to life WebC -- or the zero-fee crypto-powered web.— Storecoin [$STORE] (@storecoin)September 8, 2018
Tools will be brought to life through our Ecosystem Fund. Early adopting apps will be funded by it, too.
Progress is being made on multiple fronts, daily. Here's a look:
5/ Eliminating the transaction fee for app developers and merchants creates profits while incentivizing users to spend (because they will save).pic.twitter.com/8eKzOpvIVI— Storecoin [$STORE] (@storecoin)September 8, 2018
Nothing herein is intended to be an offer to sell or solicitation of offer to buy, Storecoin tokens or rights to receive Storecoin tokens in the future. In the event that Storecoin conducts an offering of Storecoin tokens (or rights to receive Storecoin tokens in the future), Storecoin 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.