SATOX - Whitepaper v1.3
SATOX is a cryptocurrency that is 100 % community governed.
SATOX is an egalitarian ASIC resistance GPU-friendly Cryptocurrency.
WHAT IS SATOX?
SATOXCOIN (SATOX) is primarily about safety and privacy of your funds. As in BTC code transactions are unreversible and there is no way to block any single wallet in the network. Also, SATOX aims to stay 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 opportunity to continue home mining in post 2023, 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 was 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 670+ games played thru STEAM have earned them SATOX, and more will follow.
SATOX uses KAWPOW algorithm, the algorithm is protected against ASIC which leads to potential centralization. SATOX is a digital or virtual currency that is secured by cryptography, many cryptocurrencies are decentralized networks based on blockchain technology distributed ledger 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.
Originally were four SATO community members who took some initiative to rescue stagnating abandoned coin. Earlier, original SATO had a tragic past – left forgotten with no purpose and goals.
Today, we embrace every Satoxcoin community member to join the team. If you are able to help the project and willing to be part of it in action – you are kindly welcome.
Current SATOX was formed as open source community project and shall remain so in future. So, everyone, who has a willing for cooperation and productive work for common goal should join.
Also the sub-team known as “SATOX Guards” are established to expand and promote P2E direction, apply and vote for important proposals, spread SATOX usage.
SatoxCoin community core team holds Developers fund.
It is being funded bу 10% dev fee from each block and also from 50% of unclaimed original SATO coins left after the fork swap.
Other part of unclaimed coins have been burned.
The prime purpose of Dev Fund is enabling further SATOX development and progress.
Coins will be spent for promo activities, P2E rewards and potentiality sold in reasonable quantities to facilitate funding for upcoming listings.
SATOX GUARDS CODEX
Satox Guards were established by SATOX CORE to determine dedicated community members who are ready for some actions for 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.
Second part of their responsibility is the promotion of SATOX concept and usage wherever they find it possible and useful. Ultimately SATOX GUARDS will be the first POG testers, as developers of SATOX CORE move closer to creation of it. Guards are supervised and organized by SATOX KNIGHTS – their supervisors.
They decides on their tasks and missions, recruits new members and also grants coins for activity for each of them. Meanwhile SATOX CORE fund this division from 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.
That gives this division self-standing and independent way and vision of their mission. The concept is to give every SATOX Community member a chance to act and do better for common good – more than that, to be rewarded for it.
Since the birth of SATOX, our primary vision was and is to keep Satox as a community driven project and will remain as is.
And one of our opportunities is to give anyone, may it be from our Discord or Telegram 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
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 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.
- Main asset
- Sub Asset
- Unique Asset
- Messaging Channel Asset
- Qualifier Asset
- Sub Qualifier Asset
- Restricted Asset
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 every 4 years.)