ASTRCoin® : a New Blockchain mechanism with BlockClaim

in astr •  7 years ago 

Asteroid, Ltd. recognizes that to truly democratize space, a decentralized system must be established that will allow any individual, corporation or nation state the ability to easily and efficiently make their claim. Each BlockClaim® is essentially an immutable and secure smart contract utilizing the Blockchain to store a BlockClaim®. Asteroid, Ltd.’s solution is to provide a secure and transparent public ledger using proprietary BlockClaim® mechanisms within the Ethereum protocol.

Concept
Asteroid, Ltd. proposes a unique implementation, using our proprietary
mechanism called a BlockClaim®. The described system will be deployed
worldwide to record mining claims both in a terrestrial environment and a
non-terrestrial space environment. A unique opportunity exists to provide
a secure way to establish a claim to over 600,000 identified mineable
asteroids within near celestial orbit.The implementation of the Asteroid
Ledger will utilize the Ethereum Blockchain.

Each Blockclaim®will be secured via a token called ASTR®(ASTRCOIN®) within the Ethereum platform.This will ensure significant usage of the ASTRCOIN®currency, giving liquidity and growth in the value of the currency.

THE BLOCKCLAIM®
Blocklaim is a fractional mathematical representation of an asteroid expressed as a percentage of the total claim value (TCV)

Upon launch of the BlockClaim®ledger, each asteroid’s value is
apportioned into a number ofBlockClaims®; each representing $1,000,000 USD of value with each individual BlockClaim®at a fixed price of $10 USD per claim. BlockClaims®can be registered byusing an ASTR®Token. A BlockClaim
®will be fixed to the equivalent of $10 USD and purchased by ASTR®
Token at the daily exchange rate. For example: Asteroid 162173 RYUGU (1999 JU3) has a $82.76 Billion Dollar USD estimated value. ($82,760,000,000);.

Each BlockClaim®will be valued at $1 Million USD ; Hence, Asteroid 162173 RYUGU (1999 JU3) will have a total number of 82,760 BlockClaims®
available for registration at $10 USD of ASTR®Token.’

Technology
IMMUTABLE DISTRIBUTED
LEDGER
A BlockClaim®will use a decentralised claim transaction. Each BlockClaim®
is essentially an immutable and secure smart contract utilising the Blockchain
to store the registered claim (“BlockClaim®”). The platform will also
combine solutions for searching for claims, registering and payment using
ASTR®Tokens (“ASTRCOINS®”).

  1. THE ASTEROID REGISTRY

The Asteroid Registry will containpertinent information about each
individual asteroid. This data can be understood as metadata. This
Information will be categorized by size, composition, distance and more
details specific to its location and orbit related to earth or our solar
system.

  1. WHOCLAIM®- “BLOCKCLAIM®SEARCH”

A WhoClaim®is a search facility and interface wherein retrieval of
information about a BlockClaim®may be queried from the Asteroid Ledger
residing within a Blockchain. The purpose of a WhoClaim® is to provide and maintain timely, unrestricted and public access to accurate and complete BlockClaim® information directly from the Blockchain.

  1. CONTRACT ENGINE

Each smart contract is responsible for a single BlockClaim®. It will contain
functions that allow the creation, contract updates and other administrative functions such as expiry, domicile country of registration, royalty and taxation information where applicable.

  1. THE ASTEROID LEDGER

When a claimant decides to register a BlockClaim®on an asteroid, a smart contract is executed on the Asteroid Ledger.Each Smart Contract is responsible for a single BlockClaim®. It will contain functions that allow the creation, contract updates and other administrative functions such as expiry, domicile country of registration, royalty and taxation information where applicable.

ASTR® TOKEN
Sale : 21st NOV — 31st JAN 2108
symbol : ASTR
Based on: Ethereum (ASTERCOIN®)
Total token supply: 200,000,000 (two-hundred million)Total ICO token
Supply: 100,000,000 (one-hundred million) ASTR®Tokens
Total ICO Token CrowdSale: 50%
more information click link bellow :

Website : https://www.astrcoin.io
Whitepaper: https://www.astrcoin.io/documents/AsteroidWhitePaper.pdf

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