Custodial and non-custodial solution

Following maximum security for the user, by default we offer a non-custodial solution. The user’s private keys do not leave his mobile phone and are stored only inside the crypto wallet and application. But for normal operation of the chip, the mobile phone from time to time runs an application that knows the private key so that it can sign various transactions for the chip. The private key is not transferred to the chip. Only the permission signed with the private key is transferred there so that the chip can temporarily use the user’s tokens to validate blocks. The application must periodically confirm such rights. All tokens in the form of rewards go directly to the user’s wallet, because information about this is stored in the blockchain itself.

In the application settings, the user can choose how often he wants to synchronize with the blockchain (normal, often, rarely, never). This is described in detail in the corresponding chapter.

A custodial solution is also possible. In this case, the user transfers his private key from the wallet to his personal chip. Then the chip can independently sign the necessary transactions and the mobile phone can be permanently turned off. You can revoke permission at any time, after which the chip will delete the private key. After which you can change the wallet address, including the private key. Overall this is a less secure solution. But for the convenience of the user, it is supported so that you can completely get rid of your mobile phone.

Project tokens and NFTs

The main token of the project is an analogue of the blockchain cryptocurrency. Tokens are spent for posting transactions on the blockchain, they have a monetary value and can be transferred to each other as currency, to pay for goods, etc. In tokens, users’ wallets receive a significant reward for validating blocks that their chips perform. For tokens you can buy a chip from one of 3 tariff plans, differing in power and their reward percentage. Tokens are subject to market fluctuations in other cryptocurrencies and fiat money. Due to market conditions, the cost of purchasing one chip may vary in tokens.

The user has 2 options - a turnkey solution with a chip and independent management for NFT.

The first and simplest option for any user is to buy one chip at the current price and immediately start receiving mining rewards without additional steps (NFTs do not have to be purchased). In this case, the user receives the chip at his disposal forever (as a rental) and incentive tokens in the form of a gift for the same amount (equal to the cost of the chip). But the user cannot use, sell, or take away incentive tokens. They serve for staking in the chip and provide authority for the chip within the blockchain. Once purchased, the chip will continue to work without additional user investment, operating with this volume of stimulating chips and bring profits in the form of additional tokens, which will be at the user’s full disposal. If the user, in addition to the chip, buys more tokens, they will also be at his disposal, but they can be additionally used in staking, in addition to incentive tokens, to increase the % of the reward. The interest capitalization scheme will be applied, i.e. the reward just received immediately participates in the turnover. All your tokens can be instantly withdrawn with the loss of % of the reward for the current period.

The second method implies that the user either wants to buy a chip as a gift, or fix the current cost of the chip, or intends to engage in mining on his own equipment and does not need a chip. In this case, the user buys one NFT at a similar price. Owning an NFT allows the user to work with the blockchain and claim their % reward. At any time, the user can stop mining and transfer the NFT somewhere (sell, rent, donate). While mining on their hardware, the user also receives incentive tokens, but cannot withdraw them. Also, in addition to NFTs, the user can buy project tokens in order to stake more money and claim a larger percentage of the reward. NFTs, native tokens, reward tokens will always belong to the user.

NFT is needed in order to forever buy the right to engage in independent mining and/or forever fix the cost of the chip. The price of the chip in tokens or other currencies may change according to market conditions. If an investor predicts the growth of a token relative to the value of the chip, then it makes sense to buy NFTs, this will give the right to exchange them for more tokens in the future. If an investor predicts a drop in the token (the cost of the chip in tokens will increase) or simply does not want to think about it, then one NFT forever guarantees the receipt of one service at any time, regardless of the market situation.

Tokens and NFTs are freely convertible among themselves and into other cryptocurrencies; their value is determined by the market.

The system for accruing incentive tokens is described in the corresponding chapter.