Tokenized data. Decentralized compute. Governed by fault tolerant democracy (one entity, one vote).
//STORE is the zero-fee payments network and p2p cloud that will transform data into open, tradable, and programmable money called datacoins. The protocol will be governed by fault tolerant democracy (one entity, one vote). Miners vote on STORE and will only have a single vote on governance, no matter their stake size.
STORE begins as a zero-fee, p2p settlement layer. Once ftDemocracy is ratified, the zero-fee protocol can upgrade itself into a tokenized cloud where data can be traded. In short, it’s part zero-fee p2p payments for the public internet, part decentralized Amazon AWS™, and part global marketplace for open data, algorithms, and APIs.
Co-creators Rag and Chris have been building together for nearly a decade. They both vest for 8-years. Advisors are hands-on and very strategic. They vest for 8-years. Other core team members vest for 4-years.
Learn about BlockfinBFT: the leaderless, pipelined, and scalable ⅔ BFT consensus algorithm invented by STORE Labs, Inc.
Learn about the fault tolerant, one-entity, one vote democracy we will attempt to ratify in 2022-2023. No matter the stake, a miner only has one vote.
The STORE protocol is secured by the $STORE token. STORE relies on a unique two-tier economic structure where miners first secure the zero-fee settlement layer with the $STORE token. Next, they will secure tokenized compute by either being paid by app and device developers in $STORE (the paid, p2p cloud) or in datacoins (the zero-fee, p2p cloud).
STORE brings together the principles of sound money with credibly low and non-compounding inflation – up to 2% of the Authorized Supply or 20 Million $STORE each year will incentivize the protocol on a perpetual basis – with a truly permanently zero-fee settlement layer that can scale up to also secure data-rich, decentralized computing.
The zero-fee payments network and decentralized cloud that will transform data into open, tradable, and programmable money called datacoins. Governed by fault tolerant democracy (one entity, one vote).
Section: p2p currency and and decentralized cloud
Category: Infrastructure (a layer one public blockchain)
(latest price in private sales)
|Allocated Supply ||370 MM|
|Market Cap (if trading)||$26,624,388|
|Y2029 Max Circulating Supply||818,578,785|
|% Total Supply Sold-To-Date||16.06%|
|% Remaining To-Be-Sold||5%-15%|
|Earliest Keys To Be Released||Q3 2020|
|1-Year Post-Launch Data|
|1-Year Market Cap||$35.50 MM|
|1-Year Liquid Supply||514,554,094|
|Name of Token||$STORE|
|Token Usage: $STORE begins as a zero-fee payment (utility), staking (work), and governance token (once staked). The security budget on STORE enables both utility and work.|
Once the STORE p2p cloud launches, $STORE also becomes a utility token for purchasing p2p compute resources from miners and a utility token for purchasing data rights from the tokenized data marketplace.
$STORE will be the unit of account for the global datacoin economy.
|Genesis Supply||1 Billion STORE|
|Ongoing Emission Type||Inflationary|
|Max Inflation Per Year||20 Million STORE|
|Inflation Schedule||Will fluctuate to incentivize a maximum of 10% to 51% of $STORE staked.|
|Emission Schedule||Will decrease yearly but the project has committed to a predictable 1,000-year max emission schedule for its Foundation-controlled Treasury|
 Allocated Supply means the number of $STORE tokens that are contractually obligated to be created and distributed to $STORE owners. These tokens are not yet circulating and cannot be resold. (Once they are created and distributed to $STORE owners, STORE will shift to using the term “Circulating Supply.”).
 Authorized Supply means the $STORE tokens that have been authorized by STORE Labs, Inc. to be issued for the purpose of growing the $STORE ecosystem over 100-year and 1,000-year periods. There are 1 billion authorized $STORE. New $STORE may be authorized in the future but only through a governance vote. As of today, it's expected the first Authorization attempts will begin in 2037-2038 where, by 2039, STORE will need to gain governance approval to continue using a maximum of 20MM inflationary block rewards for protocol security. Tokens from the 1 billion Authorized Supply that have already been contractually obligated are called Allocated Supply.
How $STORE will release to owners
A $STORE owner will receive 10%-20% of their vested tokens at the Token Release Date (TRD). The TRD will be dependent upon the results of the next $STORE Milestone Token Offering (details coming soon). After the TRD, $STORE owners receive 5%-10% every quarter until the first launch phase of the STORE test network called "Ice Age" (the first phase is a staking auction for the test net). If the first phase of Ice Age doesn't launch within 9 months of the TRD, owners will receive an extra 5%-10% every quarter until phase 1 of Ice Age launches. Once phase 1 of Ice Age is launched, owners will receive 5%-10% of their remaining $STORE on a monthly basis. All release schedules are subject to vesting. Transferability subject to applicable holding periods as may be required by local law. Learn about Ice Age at http://storelabs.org/iceage.
STORE may open up 1-2 additional MTOs before mainnet launch.
Visit http://storelabs.org/treasury to learn more about Inflation and Emission Schedules
This chart shows the maximum amount of Allocated Supply that is estimated to be unlocked by the end of each year, per the upcoming $STORE Staking Election. Through the election, $STORE owners will be formally canvassed on their intent to secure the STORE protocol for 1-to-4-year periods. Based upon their commitment to mining, the size of their $STORE holdings they will compete with for founding launch auctions, and the length of their time commitment to mining, $STORE owners will receive additional bonuses and an earlier unlocking schedule.
NOTE: The total tokens sold are based on only what has been sold to date. $STORE anticipates to sell up to 100MM $STORE in the future with up to 40 MM STORE being sold in 2020.
Visit http://storelabs.org/blockrewards to learn how block rewards work
STORE has a predictable maximum emission and inflation schedule. Before governance ratification, the schedule is fixed. If it needs to be changed, STORE Labs, Inc. will seek consensus from long-term major investors. Once governance is ratified, the protocol’s decentralized monetary system will need Judicial Branch and then Miner Branch approval before long-term treasury can be modified.
|Maximum Yearly Emissions from Inflationary Rewards||20 MM||20 MM||20 MM||20 MM||20 MM||20 MM||20 MM|
|Maximum yearly emission from Ecosystem, Team and Advisors, Founding Block Rewards, and 1,000-Year Treasury Fund||26.5 MM||50.9 MM||65.0 MM||72.3 MM||92.6 MM||62.6 MM||52.6 MM||52.6 MM||42.6 MM||12.6 MM||7.6 MM|
|Token Sales ||80.1 MM||40.3 MM||40.3 MM||6.9 MM|
|Max Per Year||106.5 MM||91.2 MM||105.3 MM||79.2 MM||92.6 MM||62.6 MM||52.6 MM||52.6 MM||42.6 MM||32.6 MM||27.6 MM|
$STORE Treasury is coordinated by a decentralized monetary system that, once ratified, will be governed by a ⅔ fault tolerant democracy called one-entity, one vote (1e1v). Pre-ratification, 1 billion $STORE tokens have been authorized by STORE Labs, Inc. for the purpose of securing STORE and growing the ecosystem over 100-year and 1,000-year periods. Both emissions and inflationary block rewards are on yearly predictable maximum release schedule, but both can be changed through an extra check in STORE's checks-and-balances governance.
To learn more, visit http://research.storelabs.org/treasury
We estimate that owning $85,000+ of $STORE positions one to win a founding Storage miner auction and $35,000+ wins a founding Validation miner auction (PoS). STORE Labs, Inc. is conducting ongoing and invite-only Regulation D and Regulation S security offerings (up to $4.7 Million).
Estimates are based upon 100% of $STORE owners participating in the founding mining auction and the price of $STORE being $0.069. You can calculate your probability of winning the first STORE auction at http://research.storelabs.org/howtowin
How STORE builds its Ice Age test net while supporting a $STORE ERC20 token.
The $STORE ERC20 expects to begin releasing to owners as early as August 2020. The release schedule will be dependent upon the results of its next Milestone Token Offering (MTO). Details coming soon.
For questions, email [email protected].
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Nothing herein is intended to be an offer to sell or solicitation of offer to buy, STORE tokens or rights to receive STORE tokens in the future. In the event that STORE conducts an offering of STORE tokens (or rights to receive STORE tokens in the future), STORE will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.