Tip Blockchain

iwanpro (25)in #ico • 6 years ago

TIP DISCOVERY ON BLOCKCHAINPowering mass adoption of cryptocurrency through discovery of information on the blockchain.

WHO WE ARE
Tip is a third-generation blockchain platform powering mass adoption of cryptocurrency by creating an ecosystem that connects end users and businesses on a network where they can transact easily across international borders. Our solution for end-users provides user-friendly usernames that are easy to remember, and discovery, so it is easy to find other users on the network.

" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

Our vision is to create the most user-friendly and easy to use platform in the cryptocurrency economy, that connects businesses to end users, and removes the technical barriers that users face today when using cryptocurrency. Tip will be a strong catalyst for mass adoption of cryptocurrency.

Problem Statement
To illustrate the main problems users face when using cryptocurrencies today, let us present a few scenarios. These scenarios will illustrate how present-day solutions are inadequate for day-to-day use of cryptocurrencies by the average user.

Key Features

Smart Addresses
Send money to friends and family using their username. You can send to @TipToken, instead of 0x28AD00F1CDF1E24900031
Merchant Solutions
Point of sale system for merchants to easily accept cryptocurrency payments from their customers, saving transaction fees and time.
Peer-to-Peer Instant Messaging
Chat with your friends and family over secure peer-to-peer connections and send TIP tokens from right within your conversation.
Search and Discovery
Information on the network is indexed and searchable so users and businesses can find information by searching using our wallet and point of sale apps.
Transaction Metadata
Arbitrary data attached to transactions can be used for various purposes, including identifying info, memos for payments, receipt confirmation and more.
Light Mobile and Desktop Wallets
Our light desktop wallet ensures that you can connect to the Tip network and start sending transactions whether you’re at home, office, or on the go.

Using Cryptocurrency has never been easier :

Once users discover each other and contents on the network, they will be able to freely chat with them over peer-to-peer connections. Transactions can be sent over the wallet interface or directly from chat.

Payment solutions for merchants.

Friendly usernames and transaction metadata give us the power to deliver customized solutions businesses need to make accepting payments in cryptocurrency easy. Our solution for merchants is a Point of Sale (PoS) systems which make managing sales, orders, and customers a breeze.

Powered by search and discovery on blockchain

Cryptocurrency users today have to deal hashed addresses, QR codes, and other contraptions. This creates friction and makes cryptocurrencies seem foreign to the average user.

With Tip Blockchain, users and businesses can register usernames which can then be searched and discovered by other users. They will then be able to transact in a fast, easy, and user-friendly ways.

Tip Blockchain enables ease of use by discovery on the blockchain!

The Solution: Tip Blockchain

Before we get into the details on how the Tip solves the specific problems presented above, let us first understand the solutions the platform provides.

High Level Overview
Human-friendlyAddresses The first solution presented by the Tip is unique, user-friendly addresses or address aliases. Each address on the Tip Blockchain is created from a cryptographic hash, just like with Bitcoin or Ethereum. However, this is an implementation detail users should not have to care about. With Tip, users will be able to create human-readable names or aliases on their accounts and transact using these aliases. The network maps the alias to the corresponding address, so transactions are routed correctly to the intended recipient.
An analogy to this issue is if users had to find websites using IP address instead of host names. This would have been an untenable situation that would have hampered mass user adoption of the internet. The Domain Name Service was created, which maps human-readable names such as google.com to the IP address 172.217.1.174. Just as hostnames were a critical feature for mass adoption of the internet, user-friendly address aliases are a critical requirement for mass adoption of cryptocurrency.
Transaction MetadataIn addition to address aliases, Tip also provides the ability to attach arbitrary metadata to both accounts and transactions. Actually, attaching an alias to a wallet address can be thought of as a special case of attaching metadata to an address. This metadata can be protocol dependent, such as an alias, or arbitrarily specified by the user. It will be stored in the form of key-value pairs. This metadata would allow for the storage of arbitrary data the user chooses to specify.
Metadata storage on the Tip Blockchain will support both private and public data. Public metadata will be stored in plain text on the network, thus, would be accessible to anyone on the network.
Private data will be encrypted by the account holder and stored on the network. This data can then only be decrypted and viewed by the holder of the private key, the owner of the account.
DiscoverySo now we know that data can be stored alongside addresses and transactions. What can this data be used for?
The Tip Blockchain is a fully indexed, searchable platform. Users will then be able to discover other users and new content on the network by searching through the data using client applications. Network nodes will expose a RESTful API that store and access this information on the network. Decentralized apps (DApps) can then be built to use this RESTful API to discover information. DApps will be able to create their own custom fields and protocols to extend the usability of the platform.
Peer to Peer Instant MessagingThe first DApp built on the Tip Network, by the Tip team will be a wallet app, incorporating several features of the platform. Account aliases, search and instant messaging will be bundled into this wallet application. Instant messaging will be a central feature of the application, as the primary goal of Tip is to drive mass adoption of the Tip Blockchain, and instant messaging provides a way to do that. Users will be able to send transactions directly from within messaging conversations, or by using the traditional wallet interface.
Users can also find other users or businesses by username (alias) by searching the network, and by adding contacts from their phone's address book. Various messaging formats will be supported, including:

Text messaging
Picture messaging
Voice messaging
Animated gifs
Video calling

All messages will be exchanged over peer to peer connections without being routed through a centralized server.
Point-of-Sale SystemAt the other end of the spectrum the cryptocurrency adoption problem, is businesses. The solution Tip provides to businesses will be another DApp, built specifically for retailers.

This is a point-of-sale system, which will include features such as:Transaction management

Order management
Customer management
Sales reporting and analytics
Third party integrations
How Tip Solves Problem Statement Issues

With the example problem defined earlier, having gone over the high level solutions provided by Tip, we are now ready to consider how Tip solves those issues presented.
Peer to Peer CryptocurrencyTransactions In the first scenario, Bob needs to send Alice a cryptocurrency transaction to pay her back for lunch she bought him. With the Tip solution Bob has a few options:
Bob asks Alice for her Tip account name. @AliceBlake2000 would be a lot easier to remember than Bitcoin address 16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk.Bob searches the network's database for Alice using her name. If she has saved this information on her account, he would be able to find her with a simple search, come up with a list of suggestions, and select the correct user. Bob will then be able to confirm Alice's identity by initiating a chat conversation with her. Once Bob and Alice find each other on the network, they can then chat and send transactions easily across the network.This process is much easier than other cryptocurrency solutions available today.Small Businesses Accepting CryptocurrenciesWith the Tip solution, Gino's Pizza can put their account alias, @GinosPizzaBaySt on their website. Regulars visitors will get to know the account name off hand. This will also make it possible to take orders over the phone, paid for by TIP Token.Gino's Pizza will also be able to tie transactions to specific orders or customers using the Tip point-of-sale system.
Contextual Information Around TransactionsTip Network's transaction metadata fields, allow for additional information to be attached to transactions, which can be used for arbitrary reasons. One obvious use-case of this would be to send identifying information along with transaction.In the case of Bob ordering pizza over the phone, using the customer management feature of the point of sale system, Gino's Pizza can send a payment request to Bob. The payment request will contain all the information needed to settle the order. Using the Tip wallet app, Bob will be able to attach this order number to the transaction. The wallet app will append the following transaction metadata:
address: BobJones1989memo: 4topping extra large pizza order #: 37price: 19.57 TIPOnce the transaction is received at Gino's Pizza, the point-of-sale System at the pizza shop is immediately able to identify the source address as customer Bob's, and the order this transaction is associated with. The order is then settled with no further work needed on the part of store employees.
The flexibility of the Tip platform means that various customized DApps can be built. These are just some examples of what is possible with the platform. Developers will be able to create a limitless number of applications to utilize the power of discovery on the Tip Blockchain.
The Tip Token
The TIP token, is the unit of account on the Tip network. It is the native currency on the network, thus is used to pay for transactions, storage and other services on the network. TIP is a utility token that the users will be able to use it to:
Transfer between peer to peer.Use it to buy things in the real world with merchants who accept TIP.To store data on the Tip decentralized database.To pay for transaction fees on the network.Reward developers for creating apps that run on the Tip Network.To vote for delegates to secure the network.For delegates to stake their coins and earn staking rewards for securing the network.
The Tip platform provides an ecosystem that will allow users to purchase both digital goods and services on the platform, and also tangible goods in the real world from merchants that accept Tip token.
Total Token Supply - 1,000,000,000 TIP

60 % Token Sale
8% Bounties
10% Team (Lockup)
5% Advisors (Lockup)
17 %Company Reserve (Lockup)
Token Type: Ethereum ERC20
Purchase with: ETH
Base Price: 1 ETH = 10,000 TIP
Hard Cap: 46,450 ETH

Token SaleIn order to generate financing to fund the research, development, and marketing of the Tip Blockchain, Tip Inc will be launching a sale of TIP tokens which will be open to the general public. Users will be able to purchase TIP tokens using Ethereum tokens (Ether). The sale price for Tip will be 1 ETH = 10,000 TIP, or 1 TIP = 0.0001 ETH.The token sale will run for four weeks. During this time, 60% of the total TIP supply will be available for purchase by the general public. Any unsold tokens will be burned.
Bounty Program
Besides purchasing TIP tokens during the token sale, users will be able to acquire TIP tokens by participating in bounty programs that Tip will be launching. More information about bounty programs will be announced on our social media profiles.
Token Emission
Token emission is the rate at which new tokens are generated. In blockchain projects, token emission plays a very important role in securing the network. Public blockchain networks are secured and kept running by operators who run nodes to confirm transactions. As stated earlier, TIP uses the Delegated Proof of Stake (DPOS) consensus protocol, where delegates are responsible to processing transactions and securing the network. These delegates are rewarded by collecting the transaction fees in blocks they process, as well as the block reward for blocks they mint. The block reward is the reward delegates receive for creating new blocks.
The TIP emission rate will be 24 TIP per block in year 1. This translates to 84,096,000 for the first year, or an 8.4% annual emission rate.The TIP emission rate is significantly lower than other blockchain projects. For comparison purposes, the maximum block emission rate computed annually for other blockchain projects are: Ethereum 14.97%[5] , Monero: 19.1%[6] , Neo 30%[7] , Lisk:

Allocation of Funds

ROADMAP