NextProtocol — Defi Tokens for the Robot Economy.

in nextprotocol •  4 years ago 

#NextProtocol #cryptoinvestor #cryptocurrency #blockchain #decentralization #bounty, #robotics, #defi etc.

About NEXTiBOT

NEXT is a UAE based company with presence in US also, actively reprogramming and adapting popular robotic platforms as corobots, to assist humans in retail and commercial workplaces. Since they started implementing robotic projects, they have identified complexities in customization across various platforms, requiring proficiency and coordination among various application builders. Based on those needs, NEXT has developed NEXT protocol for Robotics which is Blockchain and DeFi driven.

NEXT Protocol allows easy publication of Robot Services using our Robots (NEXTiBOTs) and other OEM Robots, enable the Robots to run with its own tokens (deploy and Mint business specific ERC20 robo tokens) & sell these Robot services in marketplaces. Each robot earnings can also be shared with the Token holders who would stake their Robot Tokens for yield.

NEXTiBOTs, powered by NEXT Protocol are here to engage your customers intimately while limiting human contact, Interact with customers and staff to share information and enable telepresence to work together while staying apart. NEXTiBOT is enabling the future of robot interactions using NEXT tokens for fractional robot ownership, decentralized control, programming & operations of robot swarms.

Defi Tokens for the Robot Economy

Use NEXTProtocol to build, create and collaborate next generation robot and its associated application to real-life problem-solving use cases like Covid scenarios, Robot Gaming and Robot NFTs.

NEXT PROTOCOL EcoSystem powers our NEXTiBOTs

Our vision for the robot is to create an ecosystem which will be beneficial for all the stakeholders

1. Developer Community
Create a community of developers and bring ideas to market fast. Sign up for NEXTiBOT account to collaborate with other people in the community​

2. Robot industry stake holders
Work with Robo consortium, CSR organizations and Physically challenged community to build robotics solution for social cause.

3. The Robot Users

  • Corporate Users
  • Home Users
  • Govt Entities

4. Resellers
Signup with resellers around the world. They will be also trained to support the robots and do maintenance services, if required.

5. Development and SI Partners​
Cooperate with other develoment houses and reduced the time of custom development and addition of new requirements.

R&D and Industry Membership​

Since the founding of NEXTiBOT, we actively engaged in R&D activities although we didn't have a dedicated team since we were a smaller company back then. Some employees from Tech Teams (Analytics, Data Processing, AI & NLP) were engaging in research, but no one except for Joseph Paul, was occupied by R&D activities full time. We eventually decided to create a separate R&D Team. The new team combined new employees experienced in bringing science results to business as a part of industrial R&D teams, enriched with members from other teams who knew a lot about the robotic solutions. ​

We never bothered about the humanoid appearance and our focus is more about the functional aspects of the robot.

We also introduced Tech Talks, where R&D (as well as other tech teams) share their knowledge with the rest of the company.

Our Goal on R&D

  • A deep understanding of developing stable and functional finished products.​
  • A commitment to continual learning and maintaining a solid understanding of the evolving landscape.​
  • Access to the best and latest technology.​

BUSINESS MODEL

Various opportunities are prevailing for NEXTiBOT in the robot markets. The sector is new and there are not many companies who are providing high quality robots to customers which are affordable and matching the current post Covid business needs. There is a clear gap and NEXTiBOT has already identified the needs of the people, devised innovative solutions and currently in the process of finding customers who are looking at robotic solutions to make their work environment safer. We see great opportunity for NEXTiBOT for penetration to increase its market share and become the undisputed leader in Middle East and Africa market.

NEXT ROBO TOKENS

Permissionless, compliant, and first-of-its-kind to build a DeFi powered Robot economy
NEXT Token provides token holders with a simple, intelligent, and user-friendly method to move early into the burgeoning Robo economy. By owning the tokens, you get a chance in using them when companies and developers build and deploy Robots for consumer and business use cases, leveraging the current Covid business need and the permissionless, unrestricted token issuance of Ethereum.

Investing with NEXT Tokens also means low maintenance asset ownership, access to cash flows related to the robot (e.g., rent), & frictionless ownership transactions as companies who build these robots commit to pass on 50% of the rental yields of the robots into the ecosystem of NEXT token holders for the first year. And most importantly being ERC-20 token, you can sell your tokens whenever you want.

  • 1. Unique Tokens
    Representative Ownership of each Robot built on NEXT Protocol is distributed across a finite number of NEXT tokens. Based on token staked, owners can collect revenue from rent of these robot, and vote on Robot work and deployment decisions.

  • 2. Asset Managed Professionally
    Each robot built on NEXT Protocol can have an asset management company managing its revenues on token owner's behalf. This asset management company sources projects, rents the robot, collects rent, and manages repairs, so the diverse group of NEXT Token owners don't have to take any hassles.

  • 3. Token enabled with Edge Computing
    With Blokchain driven Robot Registry, we know when these robots are being used. When they are idle the Hexa Core processors of the robots are used as edge computing problem solving nodes, to earn rewards passed back to token holders.

  • 4. Staking enabled Rent Payments
    Owning robots with Representative NEXT Tokens allows you to collect quarterly/monthly rent sent in crypto to your KYC verified account. Rent is paid using a US-Dollar stablecoin, sent directly to the Ethereum wallet that owns the NEXT Token.

Business Tokenomics

  • NEXT Token allows Developers to build Robot Applications with their customized tokens and deploy in the marketplace for business and companies to buy and consume them.

  • Companies can onboard and deploy Robots with prebuilt applications e.g. NEXTiBOTs which has Greet-iBot, Safe-iBot etc. They can even float projects for developers to build new Robots.

  • Gamers can build Robot games on the ROS and run them on Hexacore processors and play. Robots can be enabled for edge computing problem solving to earn in the inbuilt robot wallets.

  • Robot Token holders by staking NEXT Tokens can earn Rental yields for Robot applications that are being in used business scenarios through Blockchain Wallet Node for each Robot. Alogrand blockchain will be used for the decentralization and swarm robotics.

NEXT TOKENOMICS

Token sale

  • Softcap: $100,000 - $0.10
  • Hardcap: $ 500,000 - $0.10
  • Total: $ 500,000

25% Liquidity Locked and No Minting for Investor Safety

NEXT Token Staking Yields

1. Fractional Ownership

  • No of NEXTiBOT Robots put up for Fractional Ownership – 100
  • Each NEXTiBOT has $5000 yearly rental
  • So Rental coming yearly as $50,000

Note the proceeds are based on assumed robot rentals and may go and up and down based on the business condition

2. Staking

  • NEXT Token holders can stake their tokens into NEXTiBOT smart contract
  • $50,000 rental proceeds will be divided into the token holders based on the # tokens staked

3. Yield Details

  • Robot Registry will be maintained in Algorand Blockchain to track the Robots and its usage and to extend use case for * Swarm Robotics
  • If 500,000 tokens are put into the NEXTiBOT smart contract, each tokens will get an yearly 0.1 $.
  • As sale price is $0.1, it is 100% return in 1 year
  • Yield will be distributed every quarter

Roadmap

2021

  • IT Functionality
    NEXT Protocol Integration on 3rd Party Hardware

  • Business Functioanlity
    Visitor Management Software

  • Partnership
    Partnership Product Manufacturers

  • Geography
    Middle East

  • IT Functionality
    Mobile App for Robot Control

  • Business Functioanlity
    Carry Robot
    Docu Robot

  • Partnership
    Robo Consortium

  • Geography
    Middle East
    USA

  • IT Functionality
    Integrated IoT features in NEXT Protocol

  • Business Functioanlity
    CSR Activities

  • Partnership
    CSR Activities

  • Geography
    Far East
    Middle East
    US

  • IT Functionality
    Integrated IOT with Mobile Apps

  • Business Functioanlity
    IAQ Robot

  • Partnership
    Partnership with Resellers

Geography
Indian SubContinent
Far East
Middle East
US

2022

  • IT Functionality
    Integrate Home Automation NEXT Protocol

  • Business Functioanlity
    Medic Robot

  • Partnership
    Edge Computing and Problem Solving

  • Geography
    Asia
    Middle East
    US

  • IT Functionality
    NEXTiBOT App work will be introduced

  • Business Functioanlity
    Doctor Robot

  • Partnership
    Universities

  • Geography
    Europe
    Asia
    Middle East
    US

TEAM

  • Shaik Hamdan - Director
  • Christian Rakondontrasima - Sr. Robotics Engineer
  • John Barton - Non-Executive Director & Digital Advisor
  • Yvonne Mather - Marketing Head
  • Joseph Paul - R & D Head
  • Athira Ravindran - Operations Head

For more infor visite us on:

AUTHOR

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4 years ago by

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