StrongBlock Flash Paper

Overview

Team

STRONG Facts and Definitions

  • STRONG: A governance token, enabling decentralized protocol governance
  • Name: Strong
  • Symbol: STRONG
  • TYPE: ERC-20
  • Decimals: 18
  • Original Supply: 10,000,000
  • Burned: 9,472,218.9008 (increasing over time) STRONG Burn Address
  • New Max STRONG Supply: 528,886 (decreasing over time)
  • Total Community STRONG: 330,366 (62.46%)
  • Total Team and Shareholder Strong: 198,520.43 (37.54%)
  • Community Rewards Reserve: 196,459.58 Rewards Reserve Address
  • Circulating STRONG Supply: 144,907 (increasing and decreasing over time)
  • STRONG Contract Address: STRONG Contract Address
  • Protocol Smart Contracts: Ethereum Solidity, audited by Hacken
  • Deflation possible: Yes. The original minting contract did not provide for deflation. Tokens are sent to the STRONG Burn Address to permanently remove them from circulation

NFT Facts and Definitions

  • NFT Tokens: Non-fungible, Unique, Serialized, Bronze, Silver, Gold, and Platinum 3D tokens
  • TYPE: ERC-1155
  • NFT Use: Souvenir
  • NFT Supply: Each serialized NFT will have a limited supply
  • NFT Contract Address: NFT Contract Address

HOW STRONG WORKS

  • Level of Effort: A few clicks and a few seconds
  • Adjusted based on many factors, not guaranteed
  • Claiming: Every block
  • Community Contribution: 10 STRONG
  • Monthly Fees: ~$14.95, based on many factors
  • Renewal Fees: TBD
  • Read more about NaaS
  • Level of Effort: Hours to days
  • NUBI Target: Adjusted based on many factors, not guaranteed
  • Claiming: Every block
  • Community Contribution: 10 STRONG
  • Monthly Fees: None in StrongBlock. (From $50 to $150 externally.)
  • Renewal Fees: TBD
  • Read more about ByoN
  • 10% for future use (NOTE: 7,896 STRONG — 5.81% — of circulating supply was burned through 2/25/2021 since the NaaS protocol launched on December 3, 2020)
  • 10% to STRONG-ETH and LINK-STRONG Pools for rewards
  • 20% into the Strong Pool
  • 60% into node rewards pool
  • Distribution subject to change over time

Fees

Governance

  • Expansion of NaaS and ByoN to support Ethereum 2.0, Bitcoin, and other protocols
  • A Node Balancer providing services similar to Infura that will Increase rewards by monetizing nodes
  • Multiple nodes per wallet
  • NFT gamification and marketplace

Conclusion

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StrongBlock.io

Combining the demand for high quality public blockchain performance with powerful DeFi Tokenomics.