SATOX - Whitepaper v1.4

SATOX is a cryptocurrency that is 100 % community governed.

SATOX is an egalitarian ASIC resistance GPU-friendly Cryptocurrency.

WHAT IS SATOX?

SATOX is primarily about safety and privacy of your funds. Just like the BTC code, transactions are unreversible and there is no way to block any single wallet within the network. SATOX also aims to stay proof of work “POW” GPU based blockchain. All of the above makes SATOX decentralized and free of censorship.

We believe that only POW GPU based blockchains are truly decentralized and free of censorship. Everyone should have the opportunity to continue mining, so SATOX will always be a POW oriented chain.

SATOX is the native coin of the ecosystem, which is based on the SATOX blockchain. The project’s objective is to integrate P2E (play-to-earn) functionality into popular games, including CS GO, Dota 2, Apex Legends, PUBG: Battlegrounds, Grand Theft Auto V, Team Fortress 2, Unturned, Rust, Naraka: Bladepoint, War Thunder, Warframe, Call of Duty®: Modern Warfare® II | Warzone™ 2.0, Destiny 2, Football Manager 2023, MIR4, ARK: Survival Evolved, Sid Meier’s Civilization VI, Path of Exile, and many more. The main idea is to enable players to earn SATOX coins while playing these games, which can later be utilized as payment for participating in the project’s eSports tournaments, where there are prizes to be won.

Our dedicated community have verified that 800+ games played through STEAM have earned them SATOX, and more will follow.

SATOX uses the KAWPOW algorithm, the algorithm and is protected against ASIC which can lead to potential centralization within a blockchain. SATOX is a digital or virtual currency that is secured by cryptography, many cryptocurrencies are decentralized networks which are based on blockchain technology distributed ledgers enforced by a disparate network of computers.

A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

THE CORE

Originally there were four SATO community members who took some initiative to rescue the stagnating abandoned coin. Earlier, the original SATO had a tragic past – it was left forgotten with no purpose and goals.

Today, we embrace every Satox community member to join the team. If you are able to help the project and are willing to be part of it in action – you would be kindly welcomed.

Current SATOX was formed as a open source community project and shall remain so in the future. Everyone, who has a willing for cooperation and productive work towards a common goal should join.

Also the sub-team known as “SATOX Guards” was established to expand and promote the P2E direction, part of being a Guard allows the application and vote for important proposals and to spread SATOX usage.

SPECIFICATIONS

Name: Satoxcoin

Ticker: $SATOX

Algorithm: KawPoW

Block Reward: 300 SATOX -10% (P2E Funding) = 270 SATOX

Block confirmations: 100 Blocks

Block time: 60 seconds

Type: POW

Burned coins: 1+ Billion

Max supply: 8 Billion SATOX(would be mined over 100 year.)

Premine: 3.5B SATOX

(For SWAP from the SATO-chain to the new SATOX-chain)

Re target Algorithm: DGW

Instamine Protection: 1000 Blocks

Halving time: 4 Years

p2p port: 60777

rpc port: 7777

DEVELOPERS FUND

The Satox community core team holds Developers funds.

The Developers funds is funded by a 10% dev fee from each block and also 50% from thecunclaimed original SATO coins left after the fork swap. The whole amount of fees goes directly to fund P2E process.

Other parts of unclaimed coins have been burned and is not accessable.

The prime purpose of the Dev Fund is to enabling further SATOX development and progress.

Coins will be spent for promotional activities, P2E rewards and potentiality sold in reasonable quantities to facilitate funding for upcoming listings.

SATOX GUARDS CODEX

Satox Guards were established by the SATOX CORE to determine dedicated community members who are looking to help the project they care about. Their primary tasks are – testing, evolving and implementing the usage of SATOX in P2E Tech.

Also they have the rights to moderate telegram, discord or other social networks, as they are trusted community folks who put on all the needed efforts to see satoxcoin succeed.

The second part of their responsibility is the promotion of SATOX’s concept and usage wherever they find it possible and useful. Ultimately SATOX GUARDS will be the first POG testers, as developers of the SATOX CORE team move closer to the creation of it. Guards are supervised and organized by SATOX KNIGHTS who supervise their work.

Satox GUARDS decide on their tasks and missions, which also includes recruiting new members and also grants coins for activity for each of them. Meanwhile the SATOX CORE team funds this division from the Developers Fund. Despite Guards are granted by SATOX CORE they are not directly controlled by it, as one of the prime principle of SATOX project is decentralization.–

This gives more creative self-standing and a independent vision of their mission. The concept is to give every SATOX Community member a chance to act and do better for the common good of the community – They also can be rewarded for the work done.

Since the birth of SATOX, our primary vision was and is to keep Satox as a community driven project and it will remain that way.

One of our opportunities is to give anyone, from Discord, Telegram, games the chance to join us and help further our project!

All we look for in a Satorian is to be proactive and help us out whenever they can!

APPLICATION USAGE FOR SATOX

SATOX resumable the characteristic of a decentralized Prof of of Work(POW) and Proof of Game(POG) private digital peer to peer cryptocurrency enables instant payments to anyone, anywhere in the world.

● Unit of Accounting

● Store of Value

● Transfer of Value

● Assets minting on the blockchain

● Assets Transfer on the blockchain

● Game Purchase

● In Game Purchase

● Donation

● Tipping

ASSETS

An introduction to SATOXCOIN Assets

One of the many reasons that encourged us to start a new blockchain was the incomplete and wrong implementation of the assets on “SATO” blockchain, now with the new “SATOX” blockchain, assets have been implemented and fully operational.

Every time a member issue an asset on the blockchain a certin amount of SATOX is burned. Assets can be issued on the blockchain by any user who has a wallet with enough funds.

Assets or tokens can be used for anything the creator’s imagination can conjure.
Here is a few ideas you can use assets for.

Asset Types

Main asset
Sub Asset
Unique Asset
Messaging Channel Asset
Qualifier Asset
Sub Qualifier Asset
Restricted Asset

Asset Applications

Representing real world custodied physical or digital assets to tokens

Gold bars
Silver coins
Physical Euros
Land Deeds
Marvel Comics
Energy credits (Electricity, Wood, Gas, Oil, Wind)

Representing a share of a project

Securities tokens: stock or shares of a company where the shares are represented by a token rather than a physical stock certificate.

● Securities or partnership interests with the built–in ability to pay dividends in SATOX(legal in many free market countries)

● Tokens which represent a coop, limited partnership, royalty sharing or profit sharing platform

● A token which represents a crowd–funded item with the ability to transfer or resell the item

Representing virtual goods

Tickets to an event such as a soccer game with the ability to resell
A license to allow an activity
An access token to use a service
In–game currency and items, transferable outside of the game platform

Representing a credit

Gift cards
Airline miles
Reward Points

HALVING SCHEDULE

(halving every 4 years.)

OLD SCHEDULE

BLOCK NO	HALVING BLOCK		DATE	REWARD
1	320,000	HARD FORK	18/10/2021	10000
320,000	added later		added later	1000
CHAIN MIGRATION	—	—	—	—

NEW SCHEDULE

BLOCK NO	HALVING BLOCK	ESTIMATE DATE	REWARD
1	2,100,000	13/1/2027	300
2,100,001	4,200,001	13/1/2031	150
4,200,002	6,300,002	13/1/2035	75
6,300,003	8,400,003	13/1/2039	37.5
8,400,004	10,500,004	13/1/2043	18.75
10,500,005	12,600,005	13/1/2047	9.37
12,600,006	14,700,006	13/1/2051	4.68
14,700,007	16,800,007	13/1/2055	2.34
16,800,008	18,900,008	13/1/2059	1.17
18,900,009	21,000,009	13/1/2063	0.58
21,000,010	23,100,010	13/1/2067	0.29
23,100,011	25,200,011	13/1/2071	0.14
25,200,012	27,300,012	13/1/2075	0.07
27,300,013	29,400,013	13/1/2079	0.03
29,400,014	31,500,014	13/1/2083	0.01