Taurus0x is an off-chain/on-chain, secure and scalable protocol powering smart derivatives.
Good morning friend, I’m Olagoke Gbade Bisade. It is a pleasure to bring this great and innovative project in its own way with many benefits for many who consider it useful to be part of it.
Friends, relax and relax while reading the purpose and purpose of this project, as well as the benefits it offers.
Introduction to Taurusox:
Taurus is an off-chain/on-chain, secure and scalable protocol powering smart derivatives. The protocol intends to standardize derivative trading and provide a distributed blockchain backend for persisting and executing contracts. Contracts are generated and signed securely offline, and may be transmitted over any network. The protocol leverages MultiSig contract technology and Elliptic Curve Cryptography in the form of ECDSA to generate and verify digital signatures. The protocol business logic is maintained in a system of smart contracts on the Ethereum blockchain. The protocol operates in two modes: peer-to-peer and moderated, allowing exchanges and/or independent dApp developers to utilize its functionality. Finally, the protocol is an open source project intended to be governed by a proof-of-stake Decentralized Autonomous Organization or DAO. Decentralized governance facilitates continuous integration and development with consensus of the governing the community.
Exchanges
Taurus0x is not an exchange on its own. It is rather a market-maker protocol with native support for centralized and decentralized exchanges. Core developer tools make it simple for order relayers to plug and play a standardized derivative trading module.
Traders
Taurus0x is ultimately a peer-to-peer protocol built for traders. The versatility of the protocol allows traders to participate in speculative markets seamlessly. Taurus0x open standard will pave the road fo a unified experience and lighter knowledge-base for traders.
Developers
Taurus0x is open-source, therefore our community's developers will be the executive branch of the Taurus0x Trust foundation. DApp developers may build open-source or proprietary Fintech applications that comply with the foundation's guidelines.
Distributed
Taurus0x is 100% distributed without a centralized point of presence. The protocol powers decentralized peer-to-peer derivative trading. Taurus0x runs off-chain using state-of-the-art cryptographic functions, and settles contracts on the Ethereum blockchain with zero downtime and built-in trust management.
Plug-and-play
Taurus0x is not an exchange, rather a base layer protocol that powers derivative markets for any type of exchanges, not limited to cryptocurrency. Centralized and decentralized exchanges can plug and play Taurus0x in an existing ecosystem and have automatic support for derivative trading without writing a line of code.
Open-source
Taurus0x is an open-source project made available for contribution by the blockchain community. The project is composed of Solidity smart contracts and a JavaScript software development kit to bootstrap developer adoption. The protocol evolution is governed by a Decentarlized Autonomous Organization or DAO.
Create
A maker creates a signed smart derivative from any client using Taurus0x protocol. The contract specifies a condition, expiration date and premium. For example, a binary contract: AMZN Stock > $2,000 by July 1, 2018 with 10 TOKENs (any ERC20) as premium. The maker then shares it with a taker over any network, either directly or through a relayer.
Sign
The taker loads the signed contract via any client using Taurus0x. If the taker disagrees with the specified condition, they will go ahead and join by signing the contract with their private key. For example, the taker would think that AMZN stock will remain under $2,000 by July 1, 2018.
Publish
Now that the required signatures have been collected, the contract is ready to go to the Blockchain. Either Participants or an exchange hosting off-chain orders may publish contracts. When a smart derivative is published, Taurus0x proxy contract will pull the necessary premiums from the participating wallets into the newly created Smart Derivative.
4Execute
If at any point before the contract expiration date condition becomes true (i.e. AMZN Stock > $2,000), the maker may execute the derivative contract. The contract will calculate the outcome and transfer funds accordingly (i.e. maker receives 20 TOKENs in their wallet). Otherwise, the taker may execute it after the expiration date and collect associated premiums.
Q3 2017
- Business analysis
- Technical feasibility
- Team formation
Q4 2017
- Business entity setup
- Product development
- Token design
Q1 2018
- Product development
- Strategic partnerships
Q2 2018
- Product development
- Security Compliance
- Marketing logistics
- Beta release mainnet
- Round 1 of crowd sale
Q3 2018
- Exchange partnerships
- Taurus0x API Service release
- Round 2 of crowd sale
Q4 2018
- 3rd party integrations R&D
- Exchange as a Service (EaaS) R&D
- Decentralized governance R&D
- Bug bounty announcement
- Round 3 of crowd sale
- Cross-chain R&D (Tezos, EOS, and NEO)
Q1 2019
- Mobile apps development
- First Taurus0x Trust meeting
- Hacker Bounty announcement
- Security audit completion
Q2 2019
- Taurus0x main net release
- DAO development
Q3 2019
- 3rd party integrations Rollout
- Cross-chain integration
- Tarus0x mobile app integration
Q4 2019
- DAO rollout
- Team tokens will be locked for six months after token sale ends. Unsold tokens will be permanently burned after Round 3 ends.
Token Details
NAME: Taurus0x
SYMBOL: TAUR
KYC & WHITELIST: Yes
RATE: 1 ETH = 10000 TAUR
TOTAL SUPPLY: 250,000,000 TAUR
TOTAL FOR SALE: 150,903,262 TAUR
TOTAL BONUS: 11,596,738 TAUR
SOFT CAP: None
HARD CAP: 15,090 ETH
Token Distribution
Conclusion
There will be plenty of opportunities for you to invest in Autoblock, however as it is the case with investors who are prepared to take risks during an initial coin offering, they do stand the chance of making some substantial profits on their investments.
Some ICO’s are being swamped these days by short term investors, however I do feel that Autoblock is the type of company that is going to be offering some much long returns on investments too, so do consider them as such if you do buy into their tokens.
One thing you will notice however as you study this overview of what Taurus0X has to offer you is that their tokens are very reasonably priced at this early stage, so you will be able to secure as many of them as you wish to buy but without needing a huge investment fund.
All additional information about the Taurus0x project can be obtained from official sources:
š„š„ Join Taurus0x bounty campaign live ⏬ https://bountyhive.io/join/Taurus0x š„š„
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Authored by: olagoke gbade
My Bountyhive Username: olagokegbade
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