Storichain will ensure that it systematically measures the contributions made towards a story in a manner that the system records who, when and how of the contribution. It will prove the value of the creators’ efforts by analyzing each creators’ contributions to the story in the case of collaborations. This data is defined as the “Activity Metrics” and will be used to distribute the profits generated by the story. This data can not be altered as it will exist on blockchain. Implementing blockchain technology saves costs and time for story writers and contributors, removes the need for a third party interference and also ensures honest reward and profit distribution.
-Token Allocation & Distribution
Storichain utility token is named as TORI. All on chain transactions/funding will be done using TORI. It is an Ethereum ERC-20 token. It has high utility and value within the ecosystem and can be used for various services and can allow owners to buy digital items and voting right within the network. This token can be bought from a listed exchange and can be utilized in the Storichain dApp.
Initial Supply: 4,000,000,000 TORI (4 billion token issued initially)
1 TORI = around 0.0034~0.0035USD
Initial Sale 15% 600,000,000
Sale B 10% 420,000,000
Sale C 9% 360,000,000
Storichain has divided the overall development of the project into 4 stages:
MVP Central App
Alpha Platform dApp
Beta Platform dApp
Open API & Protocol Launch
Currently, the project is on the MVP renewal phase. Starting from 2017, the project aims to be fully developed by the end of 2020 with the protocol launch and opening of its trade menu.