Based on our research, we have accumulated the result sets and tried to develop GlobalLogic tokenomics, with an approach for a custom accelerator.
Initially, GlobalLogic can create one unique token to employ internally for multiple use-cases and increase its value organically. Over time, when the token’s value grows with a sound network effect, GlobalLogic can invite its client partners to join our network and use the token for their use cases.
With increasing network participants and use cases over time, the token will generate cascading network effects and qualify as coins to sell and exchange on third-party platforms. This will put us in a unique strategic position on the blockchain bandwagon.
Three Initial Use Cases
1. As a Value Exchange Unit
2. Token as Currency
3. Donation Token
All use cases will ensure 100% transparency and trust using a blockchain technology-driven decentralized network that will render the highest satisfaction and value for money to investors and employees.
GlobalLogic can choose the right distribution rules for tokens based on use cases.
Author Recommendation on Distribution Rules:
GlobalLogic can choose the right Tokenization method based on use cases.
Author Recommendation for Asset Tokenization:
Incentive rules for network participants must be defined for GlobalLogic’s token.
Author Recommendation on Incentive Rules:
The pricing model for GlobalLogic’s token must be pegged to one currency.
Author Recommendation on GlobalLogic’s Token Pricing Model:
1. Our accelerator will have wrappers implemented for ERC20 and ERC721 that will encompass the below events and functions:
2. Mechanism to convert ICO into tokens:
After deploying to the network, we can set up a bridge to allow users to convert their ERC20 tokens to native coins. Example: poa.net can be used as a bridge technology that offers a credible technique to convert ICO into tokens.
3. Token Swap and Exchange:
Create a model based on Metamask and AirSwap, as these have protocols for exchange and tokenization. With this, personas can easily swap cryptocurrencies directly without paying double the fees required on most platforms.
With these events or functions implemented, exchange built, and ICO into tokens conversion mechanism, they can develop any custom token on the base accelerator with at least two months of effort saved. But, more than the effort saved, a huge opportunity to expand the pie will finally be possible.
Presentation Later: This layer encompasses user interfaces for web [ReactJS], Mobile [React Native], and browser-based wallet [Metamask].
Business Layer: This layer is responsible for handling [client] business logic from blockchain in the form of JSON-RPC calls [web3 EEA (Enterprise Ethereum Alliance)] and business logic derived from relational Databases in the form of HTTP calls.
Data Layer: This layer consists of Blockchain network [Hyperledger Besu], Relational database [Postgres], and Smart contract layer [Solidity language based].