Blockshipping's Token Model Is Built For Industry Use

mcdform (46)in #cryptocurrency • 7 years ago

Blockshipping GSCP is a blockchain based platform that is creating a global freight container registry with real-time location and CO2 emission data. The platform utilizes a two token model that emphasizes real-world use by industry.

One of the main issues with current ICOs and cryptocurrency projects is that the token utility does not make sense when trying to capture large businesses.

When looking at a project there are two questions that reveal if the tokens are likely to be adopted by industry.

Does the token have a stable price?

All businesses, large and small, must use some sort of predictive analysis to sign effective contracts that create price stability for their most needed resources. For airlines fuel prices are guaranteed for many years, beer brewers purchase hops five years in advance, hospitals procure medicine and devices at prices that remain stable over the life of a contract.

When prices fluctuate for business resources the business would have to either offer extremely unstable pricing to customers or extremely high prices to compensate for any unexpected fluctuations.

For this reason, many cryptocurrency projects will be ineffective. Most projects utilize one token, the same token that is used for speculative trading on exchanges. These tokens swing rapidly in price, as much as 50% in one day.

Blockshipping understands the freight industry and designed a two token system that creates an internal, untradeable token that is completely stable. The internal token CPT is used to pay for all transactions on the platform and is pegged to $1 USD.

By pegging the token to $1 Blockshipping creates a stable-priced platform that allows customers to budget for years in advance. By tokenizing the $1 the platform allows these customers to remove many of the headaches of currency conversion and bank transfers.

Is there an unlimited supply of tokens?

When cryptocurrency projects build token models for real world use they are most often creating a limited number of tokens. This makes sense when they want the price to fluctuate because it creates an artificial supply and demand market.

In reality, a business does not need a limited supply of tokens, they need an unlimited supply. Blockshipping wants businesses to use its platform in order to create revenue for the CCC token holders so having an unlimited supply of internal CPT tokens removes any bottleneck from the use of the platform.

By having unlimited CPT tokens there will never be a time when a shipper cannot hire a container due to no availability of tokens. CPT tokens will be purchased with fiat and are created when purchased and destroyed when used. In essence, they are acting as a tokenized USD while in the platform.

What does this mean for CCC token holders?

Blockshipping's two token model is great for holders of CCC (external tradeable) tokens as well as users of CPT. The main utility of CCC is to participate in the sharing of revenue created by use of the platform.

Every time a business uses CPT a portion is sent to the revenue sharing pool. The revenue sharing pool starts at 20% and decreases to 1% as overall revenues increase.