Shammah Chancellor's Colleagues at Lotus $XPI
Shammah Chancellor's Contact Details
San Francisco,California,United States
Lotus $XPI
Shammah Chancellor's Company Details
Lotus was designed to be easily transferred amongst its users.It does this by utilizing several properties that are unique in the crypto marketplace.-Being a fresh blockchain, Lotus implemented a unique supply schedule that creates a stable token price. One that is not reliant on outside trust & virtually no counter-party risk, unlike the other stablecoins on the market. It does this by linking token supply to the cost of electricity for miners.-For global scalability, Lotus utilizes the Bitcoin ABC codebase.-Mass Adoption; unlike other projects that *sell* tokens, Lotus *gives* tokens to new users. This way, users can "buy into" the idea of cryptos as currency. By actually using the network & experiencing Lotus, mass adoption can be attained organically.-Infrastructure Funding Plan is designed to create a stable ecosystem by reliably funding the codebase teams that maintain the software, fund projects that are critical to the token's utility, philanthropic marketing efforts, & funding organizations that align with the mission of Lotus.-Lotus is a first mover in this space. No other blockchain has a supply schedule designed to fund the development of dApps AND the scalable infrastructure to support these dApps. If you think you'd like to compete, don't. There's a strong financial incentive to cooperate. Metcalfe's law states that the value of a communication network is proportional to the square of the number of users. More developers creating useful Dapps means more token value for funding.-Lotus utilizes prediction market based blockchain governance. This mechanism of governance has proven itself out over the last 9 Bitcoin protocol upgrades by settling any disputes non-violently. Most upgrades went smoothly without any leadership replacement. We've seen that blockchain governance is always de-facto centralized, but MUST also listen to the market & have a market mechanism for enacting regime change in order to keep the chain effective & peaceful.