Spindle: Investment management in decentralized world

ryanencek (27)in #cryptocurrency • 6 years ago (edited)

Introduction ..

The circumstances surrounding virtual currencies both at home and abroad have changed drastically since SPINDLE formally announced WP 1.3 late in December 2017.

Problem:

First, our announcement of legal interpretation in Japan sparked controversies in Japanese society, and a month later the Japanese government intervened on various issues, including the disappearance of NEM at a major Japanese virtual exchange, Coincheck, and on other system-related issues at cryptocurrency exchanges. In WP1.3-1.1, SPINDLE suggests the tightening of regulations in Japan, where cryptocurrency transactions are most active. In WP2.0, we will describe our visions for and stance towards the emerging changes in the circumstances surrounding virtual currencies, while describing and supplementing the technical aspects of and visions for SPINDLE that were not disclosed in WP .1.3.

Our Goal:

Inhibition of free trading due to excessive regulation.
Inhibition of free trading due to excessive consumer protection, and inhibition of improving the investment literacy of common people.
Inhibition of decentralization (financial democratization).

We believe that economic activities in society should be principally free until it has been confirmed that the target transaction is a crime or has a criminal propensity and that excessive regulations can inhibit technologic advancement. For example, there is a government agency that seeks to exclude so-called anonymous cryptocurrencies, but at present there is no specific research to suggest that such anonymous cryptocurrencies are more likely to be used for tax evasion or for the transfer of unjust enrichment.
The inhibition of free trading due to excessive consumer protection, includes the possibility of inhibiting free trading by consumers on their own will. In developed countries that are rapidly aging, the majority of the population will be senior citizens in a few decades. First off, restrictions on investment in virtual currencies and on other products based on age limit may lead to economic deterioration.
Inhibition of decentralization (financial democratization) The financial world centering on exchanges based on regulatory regimes will not be much different from the existing financial arena. Increased regulations result from the control of subjects, and it becomes impossible to achieve the ideal goal of Bitcoin when no central approver is required.

The specific goals ZETA aimeve are as follows!!!

Fair & Free Investment/Asset Management Platform:
To create autonomous human beings, ZETA aims to establish a transparent and fair platform that will enable more people to enjoy a rich life through investment/ asset management.
Automatization of Credit Scoring:
Centralized credit scoring platforms based on countries and large companies are already existed in 2018. Following Sesame Credit developed by Ant Financial Services Group, the Chinese authority is developing its unique credit scoring system. In the U.S., the central authority calculates credit scoring by FICO score.
Post Decentralized Fundamentalism:
With Blockchain Technology in their hand, human beings can easily establish a distributed architecture now. Furthermore, so-called decentralized fundamentalists and other people have come to believe in decentralization itself. The ideal of SPINDLE is not to turn everything into distributed, decentralized structures, but to create autonomous human beings.

These services are not provided on most platforms, so they will certainly enhance the value of ZETA and give it firmer footing. All the basic functions in ZETA-1 are free of charge, but these additional services will be charged accordingly; they are still far more cost-effective compared with other services.

Vision & Mission:

We will release ZETA-2, a uniquely distributed exchange. This exchange plays a significant role in the ecosystem of virtual currencies, is obviously a centralized service. However, this centralizes service is potentially dangerous; it may cause massive loss, including the problems caused by Mt. Gox and the largest money theft ever in the history of mankind from Coincheck. These centralized systems should have been predictable and controllable, but in reality, they have brought about risk as a consequence of recursive modernization put forward by Ulrich Beck*1.

While meant to be fail-safe, the following can be true from a fallibilist viewpoint:

. You should have control over your properties.
. Commission or transfer of your asset management raises unnecessary risks. What is fundamentally necessary is asset management itself, not management transfer.

ZETA-2 has the following characteristics:

.An atomic high-speed distributed exchange (DEX) featuring layer two technologies.
.Trustless Follow Trading System.
.Information provision in conjunction with ZETA-1.

An atomic high-speed distributed exchange (DEX) featuring layer two technologies.
Trustless Follow Trading System.
Information provision in conjunction with ZETA-1

The released scheduling of ZETA-2 consists of three phases:

A dispersed exchange with a limited transaction function focusing on ERC 20 tokens.
A dispersed exchange that enables atomic swaps.
A Fully-decentralized dispersed exchange.

SPD tokens are classified as utility tokens. SPD can be used to pay for each service available on the ZETA ECOSYSTEM.

How to work Spindle project:

On ZETA-1, the payment for premium services like legal advice, auditing, and other consulting services are made in SPD.
On ZETA-2, users can follow any user or fund transaction in a trusted manner, as they need to pay the transaction fees in SPD to the followed user/fund. The followed user can decide the amount for the transaction fees.
On ZETA-3, users can lend or borrow SPD at a designated rate. Each user can refer to dispersed credit scoring calculated by ZETA-3, so malicious users will be naturally cast out, while users with high credit scores can participate in active, more challenging investments. At this stage, traders with many followers can obtain a large amount of SPD, which in turn will be lent to other users. The borrower will have an opportunity to invest with the seed SPD, and benevolent cycles will be created. Thus, SPD will serve as a lubricant in the ecosystem of ZETA.

To realize this initiative, ZETA will be implemented following the above-mentioned four steps. The current development Roadmap is shown in the diagram below. Each step includes the release of alpha and beta versions and will be released step by step. Any change in progress or plan will be announced in each case.

SPINDLE Token Issue.

Token Distribution ..

Total SPD to be issued 10,000,000,000 SPD
Sold in Private Pre Sale 2,500,000,000 SPD
For Crowd Sale before listing 1,200,000,000 SPD
For Crowd Sale after listing 2,500,000,000 SPD
For Bounty/Bonus program 300,000,000 SPD
For Team/Advisor/Investor 2,500,000,000 SPD
For Issuer Reserve 1,000,000,000 SPD

Roadmap...