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The Pareto Network – a service for incentivizing the generation

The Pareto Network is a service for incentivizing the generation and sharing of information about tradable opportunities in cryptocurrencies and related assets. It is designed to elevate information about market inefficiencies and promote more accurate price discovery. What that means is that it should steer the markets toward the correct pricing of these assets. It replicates the function of research desks at investment banks, providing a flow of information that anyone can access, and aligns economic incentives to promote that reality.

P H I L O S O P H Y

The Pareto platform and ecosystem aims to create value through increasing the overall efficiency of cryptocurrency markets. The Platform has several aspects to detail: Prospective users of the Pareto Network must own Pareto tokens (PXT) in order to access the Pareto Network. By means of its rewards mechanism, the Pareto Network encourages the production of actionable market information and helps Pareto token users filter noise from meaningful information. The philosophy of the Pareto Network can be extended to existing and future crypto-asset offerings to attract capital to this space and realize the shared ideals of evolving the finance sector and the world around it by proxy.

Pareto Token

Pareto tokens are as valuable as the information in the Pareto Network is, or as valuable as future information in the Pareto Network is perceived to be. Pareto tokens are required to access the Pareto Network. Spending tokens by paying Content Contributors is the best way to move up in the rankings to receive the information available in the Pareto Network sooner. Thus, Pareto tokens represent the cost to the user of accessing the Pareto Network and receiving its content at the optimal time relative to other users.

Token architecture

The amount of Pareto tokens is finite and a total of 500,000,000 Pareto Tokens (PXT) will be created. The Pareto token is an Ethereum ERC20 compatible token that operates on the Ethereum blockchain4 . Therefore, the underlying consensus mechanism supporting transactions in Pareto tokens is Proof of Work (POW) until such time as the Ethereum blockchain migrates to a Proof of Stake (POS) consensus mechanism. Currently, the average block time on the Ethereum blockchain is well under one minute. Transactions in Pareto tokens are of a nature such that this block time (and the resultant expected time for transaction confirmation) is considered to be well within desired time intervals. Examples of common transactions are a transfer of Pareto token rewards to a Content Contributor and the spending of Pareto tokens by a user with the intent to reward a valued Content Contributor and effect an improvement in the user’s ranking.

TOKEN SALE DETAILS

Token Symbol: PXT

Token Type: ERC20

Total Number of PXT created: 500,000,000

Percent of PXT sold to public 40%

Price 1 ETH = 5,550 PXT

PRESALE

Presale Opens: October 30, 2017

Presale Closes: January 15, 2017

Bonus during Presale: 1 ETH = 5,550 PXT (10% Bonus to first 20% of purchasers)

Hard Cap: 25,000 ETH (approx. $12,000,000).

CONCLUSION

The Pareto Network is creating a new Ecosystem that will improve efficiencies in the generation and distribution of information of value to investors. The Ecosystem will provide incentives and a mechanism for a wide range of individuals and organizations to create and share this information and subsequently receive compensation for their effort. It will broaden the range of available information and provide a market-based mechanism for investors to obtain access to information of value. This Ecosystem will contribute to the rationalization of the market for blockchain-based investments and facilitate the more efficient allocation of capital within this revolutionary and rapidly growing sector of the global economy. In a more everyday, human context, it will allow those devoting their time and talents in this arena to benefit from Vilfredo Pareto’s insight that a fraction of the inputs account for the majority of the results.

 

 

If you want more information, visit the WEBSITE and read the WHITEPAPER.

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