Cryptocurrency attributes
Other attributes
This is the tool to help reach the consensus between the developers and users in the ecosystem of 8X8 Protocol as well as the unique main currency to realize the rational value based on the same tool. The total quantity of issuance is 880 million units and a part out of them is currently circulated among the general users through the exchanges. The purpose of 8X8 Protocol consists in the ‘realization of the value of decentralization’ lying underneath the blockchain technology on the basis of the stabilized economic foundation. Though its start was initiated by a specific agent (ISOFT PARTNERS N.V.), it is the future prospect envisaged by 8X8 Protocol to eventually delegate all of the relevant authorities to the holders of tokens in the end. As the founder of 8X8 Protocol, ISOFT PARTNERS N.V. retains the substantial authority for practical operation of CB. The EXE tokens raised through this platform will be dispensed as the project budgets for Team 8 in the initial stage and the aim is to develop the fundamental ecosystem of 8X8 Protocol. From the time when the Dapp projects developed by Team 8 are increasingly commercialized to generate the sales and revenues, a part of the revenues will come to be continually accumulated by being allocated to DB automatically. Eventually, the increase in Dapp services and the
expansion of the user base of the services thereof will naturally accelerate the increase of the EXE assets at DB thereby moving up the time of conversion to decentralization as the ultimate goal of the project. Since the total issuance quantity of EXE tokens was predetermined, as the Dapp project support is gradually increased and accordingly as the demand for EXE tokens by the users is increased explosively, the limited resources (EXE tokens) of CB will come to be rapidly diminished while the resources of DB will be increased naturally. By way of this process, the 8X8 Protocol project will be converted to the truly decentralized ecosystem of its own accord and the ecosystem of 8X8 Protocol will get even more solidified.
To create the solid ecosystem of token economy between the developers and users of Dapps on the basis of the lockchain technologicalcapabilities apt to introduce a new age and, by way of this, to suggest a Abstract 8X8 PROTOCOL 06 direction for development of the decentralized ecosystem in the genuine sense on top of the mutual trust are the objectives of 8X8 Protocol project.