⚜️TOS token Incentives
Last updated
Last updated
The continued evolution of the The Open System ecosystem will require both coordination of activities and provision of incentives to a broad range of existing and future participants. The Open System client implementers, third-party app developers, and online publishers will all be eligible for a system of TOS token incentive awards.
The The Open System ecosystem has proven that millions of people will enthusiastically share their resources if they can cooperate safely and securely, bound by the rules of a protocol they trust. By introducing a mechanism for value storage and exchange, we aim to greatly broaden the universe of possible participants – either as service requesters, service providers, or both.
To maximize the chances of success, it is vital that we ensure that Blockchain Technology Group .,LTD is not a central monopolist in the TOS-enabled The Open System ecosystem, just as it is far from a monopolist in today’s The Open System ecosystem. The TOS project depicted in Figure 4 is one in which the success of ecosystem partners will lead to increasing returns for all ecosystem participants.
The purpose of the TOS incentives will be to:
● Promote the TOS project to current and prospective participants, whether they are service providers, service requesters or both. This means finding and introducing new application developers who are interested in participating in service requests or service provision.
● Govern membership and participation rules for the TOS ecosystem, with the overarching objective of establishing a level playing field on which all can participate fairly.
● Govern the equitable and transparent distribution of rewards and incentives such that promising ideas have a fair chance and productive outcomes are fairly rewarded.
● Partner with The Open System volunteers to facilitate discussion around future The Open System protocol extensions.
Once the TOS project is running sustainably, we may consider transitioning the rules and procedures it has established for administering TOS incentives into an instrument with lower overhead, such as a decentralized autonomous organization (DAO).
Implementation Considerations
