PixelProperty.io - White Paper Overview - Introduction (Part 1)

in crypto •  4 months ago

PP_WP_Intro.png

White Paper Overview

A white paper is a report or document which usually outlines information and proposed solutions to issues. In the cryptocurrency space, nearly every reputable project has a white paper, many having multiple. These papers often evolve over time, acting as living documents that change as the project progresses. While they are an important part of analyzing a project, with the rapid increase in projects as of late, keeping up with every white paper can be a challenge for many. In practice, not every user needs to know every detail of a project, however analyzing the important aspects may require sifting through the less important information to find it.

In order to present our white paper in a more concise format for users, we decided to do a series of posts analyzing the important aspects of each section. For full details, we encourage readers to read through the white paper.

This will be split over multiple posts, with each post being an overview of the important information to be found in the white paper with regards to their section.

Separator.png

Objective & Mission

Our vision is to create an ecosystem of cryptocollectables that connect the digital world with the physical world. Essentially, we want to create a DApp with a real-world representation of assets, where cryptocollectables have multiple uses and genuine value beyond the digital realm. PixelProperty aims to be the first product, a digital canvas built up of cryptocollectable regions. Next, we intend on connecting the digital canvas to the real-world through a constantly evolving billboard installed in a popular city. We plan to allow users to carry what they own within PixelProperty across multiple products, opening the PixelProperty ecosystem to additional markets.

Separator.png

Introduction

Within recent years, blockchain technology has made decentralized computing an incredibly popular reality. The two very common types of blockchain tokens are cryptocurrencies and cryptocollectables. Where traditional cryptocurrencies function similar to the US Dollar or arcade machine tokens, cryptocollectables are designed to function similar to trading cards or stamps.

PixelProperty explores an interesting use case for these cryptocollectable tokens. PixelProperty will be the world's first physical art canvas built using blockchain technology. The digital canvas will be divided into ten thousand cryptocollectable regions known as Properties, each acting as independent mini canvas’ which can be used to showcase visual displays. Properties have a few extra features which their owners can take advantage of, such as advertising websites or their owners message.

There are two types of users in the PixelProperty system, contributors and Property owners. Contributors are users who draw or upload displays to the canvas, while owners are users who own Properties. Property owners can allow the community to update the visual pixels of their Property, or keep their Property private. To incentivize users to play with the canvas, as well as incentivize owners to let their Properties be used freely, a crypto Token known as PixelPropertyToken (PXL) is created and distributed to such groups based on canvas usage.

We believe this incentive will be sufficient to keep the canvas always changing, never stagnating.

PixelProperty is a decentralized application (DApp) powered by Ethereum. PixelPropertyToken is an ERC20 token on the Ethereum network, allowing the cryptocurrency to be easily utilized by third party wallets and applications. Properties are also a cryptocollectable token on Ethereum.

Separator.png

Footer.png

PixelProperty Steemit Introduction

Full White Paper

Next we will dive into an overview of all the features available to users within our DApp and Smart Contract! If you have any questions about our white paper or PixelProperty in general, feel free to leave a comment below!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Nice Information, thanks !
Make sure to check out my airdrops posts too!

Hopefully you guys enjoyed our introduction to the white paper. Over the next week, we'll be publishing overviews of our:

  • User features

  • Cryptocollectable & cryptocurrency distribution models

  • Sustainable income model

  • Digital services & physical representations

So stay tuned!

Congratulations @pixelproperty! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got your First payout
Award for the total payout received
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @pixelproperty!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:

  • Pending payout - Ranked 7 with $ 35,27

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, feel free to vote for my witness! You can do it here or use SteemConnect