Post
Topic
Board Tokens (Altcoins)
Re: 👨‍💻[ANN][US Legal]⚡️Cache – Making blockchain usable for all developers & startups⚡️
by
spentak
on 31/05/2018, 20:29:04 UTC
i cant see the added value above what NEM itself delivers
but i see many aspects where it delivers less then NEM by not use the newest catapult technology

So, spentak mentioned this above, but we originally considered launching a Catapult network and then launching Cache on it, but we didn't because Catapult doesn't support transaction fees yet and there is also no governance/staking at the moment.

If we used Catapult we would have had to make sure we ourselves had a stable network and somehow convince users to host nodes - all without harvesting and incentives. Token purchasers wouldn't have felt comfortable buying tokens on Catapult yet.

We are coding every day on Blockstart (which is using Catapult) and working also on nem2-sdk.

Interesting approach of the project. I like the idea of opening up the Catapult blockchain to a lot of developer of develops. But it´s actually quite hard to see the full idea behind the project especially in regards of the usage of the NEM Blockchain. The built functions are open source but working on a separate blockchain and not as a layer on NEM right?

And what will happen with the unsold tokens in the token sale, since its not planned to burn them right?

Remaining Tokens

Remaining tokens will be sold at a higher price (undetermined just yet) after the public sale ends. You will be able to buy Cache tokens at https://getcache.io until they are gone.

The Plan

  • In the short term Cache and some of the SDKs will use NEM1 public blockchain
  • Then Blockstart B2B launches. Completed with SDKs and a blockchain network creation dashboard. Sales for that start immediately after v1 is ready
  • Then Blockstart public blockchain launches. Using same SDKs as the B2B blockchain, except using Cache as its underlying token and monetization model
  • Cache tokens will be transferrable from NEM1 to Blockstart over time
  • Blockstart B2B will accept as forms of payment: XEM, Cache, USD/Local Currency, Coinbase, Stellar