InChainZ is a unified platform for contact trading, creating an internal ecosystem, based on the consent of its users and their willingness to benefit from the contact base they have and to further invest in new contacts, by acquiring access to people, whose contacts are also part of the ecosystem.
The platform will be implemented using blockchain technology for the exchange and investing in contacts and for the creation of a centralised database for contact information storage, update and management. The platform will be built around a utility token and smart contracts for generation and allocation of contracts. Users who seek to gain access will have to use their platform tokens and thus will create the liquidity of an internal exchange, whereby platform tokens will be then distributed between the contact owners, referrers, verifiers, introducers, TGE Patrons and investors, motivating the latter to handle requests for access. The price of access and the value of a contact will be determined by demand and supply, its platform token generating potential and thus driven entirely by market forces of the created ecosystem. Therefore…
InChainZ is the first contact-trading and contact-investing platform on blockchain.
PLATFORM INCOME GENERATION AND ALLOCATION
The ultimate source of benefit (income) on the InChainz platform is the providing of access to a particular contact on the platform against payment in InChainz tokens. The price in tokens will depend on the demand for the particular person. The number of contact access requests times the ongoing price per single request will provide a stream of benefits (income) generated by the contact. This essentially makes a contact an asset that generates income stream. The ongoing income stream, and particularly the part of it that accrues to the contact owner makes a contact valuable and ultimately determines its value. The process makes contacts registered on the platform behave like equity shares that yield fluctuating income which can be forecast by the platform participants. These expectations which essentially are probability driven with respect to demand volume and contact access price allow for employing contemporary financial methods to appraise a contact.
The income generated by the realised contact access requests will be allocated amongst the various participants that have contributed for its existence on the platform in the first place. The InChainZ aims to employ an AI-based (MasterMind) dynamic and adaptable income allocation algorithm that will try to maintain a balance between the motivation of the different contributors. The shares percentages accruable to the various participants in the value chain will depend again on the supply and demand of the very roles and the underlying significance for the appearance and maintenance of a contact on the platform.
The initial indicative split of income at the inception of the platform will be:
According to this initial allocation scheme X% of the access requests income will accrue to investors in a contact. In order to invest in a contact an investor will have to pay its ongoing price. The initial availability of equity shares in a contact will be set at N for each and every uploaded contact on the platform. The initial investments (purchases of equity) in a contact will be met by the initial sale of these N contacts. Once in circulation the floated contact shares will be asked and bid for on the platforms secondary market. If liquidity or turnover in a contact is high a subsequent share in a contact will be made available through a dilutive process. This dilutive process will be aimed to increase the liquidity (supply) and facilitate trade. The income generated by the subsequent offering of additional shares in a contact will be distributed in the very same manner as income from access requests, thus making all stakeholders, including shareholders ultimately interest neutral to such dilutions as all of them will receive their fair share of the generated income under the above proposed income allocation scheme.
For example, if the trading price of a share in a contact increase to levels that make it difficult for it to be traded, the system will trigger accordingly a subsequent new contact share offering in an attempt to contain its price. All stakeholder in the contact however will benefit from the income generated by such offering. The price of the offering will be based on the ongoing secondary market price adjusted for the dilution effect according to all known and widely accepted dilution effect calculation methods frequently applied on the conventional stock exchanges.
The platform system will provide ongoing trading volume, realised access volume and respectively access and contact share pricing dynamics so that the various platform participants, contact owners, contact shareholders and access requesters can apply price assessment analysis and can form adequate behaviour that will ultimately create well informed supply and demand.
The contact owners’ availability for access will depend ultimately on their share of the income stream and their share of it. The more reachable a contact is, the more income it will generate. The more demanded it is, the higher the price.
An investor in a contact share will be governed by the relation of its ongoing income stream and its ongoing contact share market price. The InChainZ expectations are that contact shares will be traded in multiples of ongoing access income.
The financial projections are indicative only and are not based on any prior experience or historical reported performance of the InchainZ platform or any similar platforms, although a number of such platforms have been studied as a use case for arriving at sensible ideas of what the financials of InchainZ might look like. Therefore any contributors and supporters of the projects should approach the provided estimates with caution and must not rely on them in forming their decision whether to support the platform. The Estimates are provided for indicative and community discussion purposes only.
Volume of Interactions
The activity on the platform is expected to depend on the parallel evolution of (1) the number of uploaded and verified contacts (registered and verified contact owners), (2) the number of registered and participating contact holders (participants that acquire shares in contacts) as well as the number of their contact holdings and (3) ultimately the number of contact users, the frequency of their contact access requests and as a result the volume of requests. We assume that all of the three groups will grow in parallel and will cross-stimulate their individual growth.
The Platform Fees
The Platform fees will be generated by all the transactions on the platform that have a corresponding value expressed in platform tokens. A single uniform rate defined as a percentage of value traded or invested will be applied. The transactions that will generate fees include (1) access request (2) investment in a share of a contact and (3) contact share sale. The fee will be initially set at P% of the value of a transaction.
Value of Transactions at Inception and Long Term Average Value
The value of access request at inception will be determined at the equivalent of S0 US dollars expressed in platform tokens. This setting will be assigned at the start only and will serve as a departure point for the subsequent price setting mechanism. The Mastermind AI will then based on demand move upwards or downwards the price at small increments in order to arrive at an optimal price corresponding to the popularity and importance of the contact owner. We assume that the long-term average price for all the access request transactions on the price will be around 3.00 US Dollars. The platform starting price of a contact share traded is assumed to be 30.00 US dollars. The price will then be similarly governed by supply and demand as the Mastermind Engine will as frequently as required revise upwards or downwards the price.
The platform revenue estimates are calculated as the sum of the revenues from access request and contact trading fees. The fee revenues are the product of the volume of transactions, the average value of transactions and the platform fee percentage. The assumptions regarding the revenues as well the revenue estimates are provided in the forecast Income Statement of the Platform.
The costs are projected in a bottom up approach and comprise of two main items: (1) platform running costs that are scalable and thus variable and (2) further platform development costs which are fixed and based on current experience of initially developing the platform. The variable costs are based on the initial budget of setting up the platform infrastructure and then scaled up to meet the volume traffic and availability of service