The Trias MagCarta Economic paper(version2.0) contains an in depth explanation of Staking and rewards. Below is a simplified summary of important terms from the paper. Refer to the original paper for more detailed explanations: https://www.trias.one/econwhitepaper
Trias has developed a hybrid staking model that would help to expand in the enterprise blockchain market and build a strong community. Trias has two parallel staking systems that would fulfill the needs of enterprises and individuals. 1) The Franchise-franchisee Model: This model incentivizes franchisors and franchisees to create an enterprise-grade product ecosystem and token appreciation. 2) The Staking Auction Model: This model allocates values generated from the Franchise-franchisee model operations to the token holders. These two models encourage more enterprise products to be developed and sold. The more the economy grows, the more the utility and values of the token. In this way, the ecosystem, the participants and the token holders get benefited.
1.1 Trias MagCarta
Trias is a Full-stack decentralized trusted cloud infrastructure and ecosystem for all-scale, general-purpose, and enterprise-ready applications (Trias Onepager: https://www.trias.one/onepager). Trias MagCarta Layer is the application layer that supports the execution of smart contracts. In MagCarta contracts, developers get rewarded for providing services to their end-users and are paid in Trias tokens (TRY) or in their native tokens, which are issued on the Trias platform.
1.2 Decentralized SaaS
Trias defines MagCarta applications as Decentralized SaaS(DSaaS) that provides business applications such as enterprise resource planning(ERP) without complicated deployment and thus increases enterprise adoption. DSaaS is the next generation SaaS that solves “Centralized problems” by defining data ownership and privacy. Trias aims to bring DSaaS into reality with the following efforts:
1) Develop its own DSaaS products and set an example for future developments.
2) Polish the infrastructure of Trias chains and DSaaS development tools
3) Build a network of decentralized co-operating participants, Trias Alliance to make sure the deployment and application of DSaaS products.
Trias Two Parallel Staking Systems
To incentivize participants of the Trias economy, Trias has designed two parallel staking models catering to the needs of both enterprises and individuals:
1) the Franchise-franchisee Model (for enterprises)
2) the Staking Auction Model (for individuals)
2.1 Franchise-franchisee Model:
Franchisors: Organizational and individual developers can utilize Trias infrastructure of chains and smart contracts to develop chains and DApps. Thus, a franchisor can be 1) a public blockchain; 2) a protocol/toolkit affiliated to Trias ecosystem; 3) an enterprise blockchain product/solution.
Franchisees: Local franchisees have special terms with franchisors on the right to sell products and services to enterprise clients in a region. A typical franchisee can be a distributor of software products with established channel and client resources.
This model incentivizes the development and upgrade of a product from a franchisor. It attracts franchisees and aligns with the interests of market-fit of the product. This model ensures that franchisees stake tokens. The number of tokens staked depends on the number of products that can be sold, and the number of franchisees. As the number of franchisees increase, and as the number of DSaaSs applications built on the Trias increase, so does the utility and value of tokens.
2.2 Trias Example in the Franchise Modell example:
By now Trias has already built its DSaaS TriasForce with 3 functional modules: TF-Security, TF-Audit, and TF-ERP. All 3 modules have been deployed by business clients to solve relevant problems. Trias Alliance has also been formed to expand the further adoption of DSaaS.
In this case, Trias is the Franchisor and calls for Franchisees. For each franchise, a staking as an upfront will be created.
2.3 The Staking Auction Model
This model allocates values generated from the business activities in the Franchise model to individual token holders.
In Staking Auction model, the purchase (payments in fiat)/distribution (payments in tokens) of tokens occurs when:
1. Revenue is generated
2. Business partners/alliance/franchisor/franchisee join Trias to stake.
To make sure the purchases are set at fair prices, the auction model is implemented to service the ‘value discovery’. If the staking only attracts a smaller number of ‘stake-holders’, meaning the confidence in the economy is low, then higher-yields are distributed to the ‘stake-holders’ and vice versa.
The token holders benefit from participating in different staking cycles and receive rewards. The rewards are generated from business activities, not from new minted tokens, and therefore are non-inflationary.
2.4 The Burning Mechanism
The token burn mechanism could be designed in addition to the staking auction model to further incentivize the network participants. The revenues generated from sale of TriasForce and products, rent from the Trias infrastructure will be used to buy back the tokens and remove them from circulation.
2.5 Trias Example in the Staking Auction Model
The staking reward percentage is equal to the number of staking reward tokens over the number of staking allocation for auction.
If 100,000 is the number of staking reward tokens and a bonus of 50% is decided. The number of tokens that can be staked is 200,000.
At the end of the staking period, the holders of 200,000 TRY will receive their 200,000 tokens and 100,000 as reward for the staking period.
- The numbers are only meant for explanation. The actual reward structure will be announced before each staking program.
