We create an identity token IDTY, which would be non-fungible token and contain information about it's owner: traits of character, social network links, preferences etc. To access someone IDTY, other users or marketing agencies will have to pay.
Token Mechanics:
- IDTY (Non-Fungible Token):
- Represents unique digital identity profiles.
- Contains detailed information about the owner's traits, preferences, social network links, etc.
- Accessible to others through payment with IDTC.
- Different IDTY profiles may have varying costs.
- Minting IDTY for someone using your own IDTY earns you a share from access fees to that IDTY.
- IDTC (Fungible Token):
- Project currency used for transactions within the platform.
- Listed on exchanges for usability.
- Payment for accessing IDTY is shared between our platform and the owner of IDTY.
- Burned when minting IDTY to reduce supply.
- Additional emissions only when IDTY/IDTC demand is sufficient for price stability or growth.
Marketplace of Apps Working with IDTY:
We are launching a marketplace of apps that integrate with IDTY, providing services based on users' digital identities. Here are examples:
- uMatch:
- Offers individual and couple therapy and personality-based dating.
- Accesses IDTY to read a person's traits for matchmaking and therapy sessions.
- Bambibloom:
- A personality-based gift marketplace.
- Accesses IDTY to read a person's preferences and traits to suggest personalized gifts.
- CertifiedTrue:
- Provides authentication of media validity and deep fake prevention.
- Enables signing and verifying the digital photo and video validity with IDTY.
Incentives for IDTC Token Holders:
- Minting IDTY:
- Available through the project website and partner platforms.
- Minting with fiat payments will be 2 times more expensive than minting with IDTC.
- Tokensale Pricing:
- IDTC on tokensale will be priced 2x higher than during the pre-sale.
- Token Burning and Emissions:
- IDTC will be burned when minting IDTY, reducing circulating supply.
- Additional IDTC emissions occur only when IDTY/IDTC demand is sufficient for price stability or growth.
- Empowering Partner IDTY Projects:
- IDTC holders will have opportunities to engage with and support partner IDTY projects.
Conclusion:
IDTY and IDTC tokens are integral parts of our digital identity platform, offering unique functionalities and incentives for users and investors. IDTY provides detailed digital identity profiles, while IDTC serves as the project currency. With our marketplace of IDTY-integrated apps and thoughtful tokenomics, we aim to create a robust ecosystem where both tokens gain value and utility over time. Join us in innovating digital identity management with IDTY and IDTC!
Additional Considerations:
- A clear mechanism for determining IDTY access cost (e.g., user-defined, data richness) can be added to the token mechanics section.
- A reputation-based fee system where IDTYs with higher trustworthiness scores have lower access fees can be explored as an optional addition.