The Intrepreneur Whitepaper [INT]
Intrepreneur just officially launched INT. Please note that the website https://intrepreneur.life is not live yet, but it will be, as soon as enough funds are raised. (1000 STEEM/ENG) However, you are now able to stake and be rewarded in INT.
Until the website is live, you will not see your rewards until it is time to claim them, which will be done in your wallet on Steem-Engine.com.
INT is a token launched on the Steem-Engine.com smart contract platform. It is a consumable in-app token designed to integrate into daily use within the intrepreneur.life website. It's powered by Nitrous and distributed by Scotbot (services offered by steem-engine.com). This website serves as a way to promote entrepreneurial, informative, digitally authored content.
There will be an initial airdrop of 300,000 INT for the holders of PAL tokens.
Token sales on steem-engine.com.
Distribution to participants via weekly quests. Ongoing until January 1st 2020
Ongoing proof-of-brain distribution powered by Scotbot (a python based voting bot that distributes rewards based on INT stake).
This will NOT be a mined token. There are only 10 Million INT within the total supply.
https://www.intrepreneur.life is a custom website similar to steemit.com where all rewards are displayed in INT.
The Intrepreneur team will have 500k INT staked to be used as a means of keeping unrelated content from being rewarded on the platform.
INT is redeemable for advertising in the Intrepreneur Discord and for post promotion on the intrepreneur.life website.
The INT token will also be the token that determines stake weight for voters using the proof-of-brain distribution.
Initial Distribution of INT.
There will be 930,000 tokens initially minted
1 million tokens are reserved for the Intrepreneur team accounts to manage the platform as they see fit.
300,000 existing moderators, team members, and curators
300,000 will go out in an airdrop to community members
the remaining 230,000 will be sold on the market for Steem and used to powerup the @intrepreneur account. The one million tokens reserved for the management of the platform may also be sold on the market as needed.
Token Launch Pricing
230,000 INT are available for sale at 1 STEEMP/INT on Steem-Engine
300,000 INT will go to moderators. (Team Members)
One million INT will be reserved for the Intrepreneur team. These tokens will be staked and used for flagging unrelated content and returning INT to the reward pool. The team reserves the right to sell a portion or all of these funds at a future point as the need arises.
Intrepreneur will provide an airdrop of 300,000 INT to a maximum of 16,000 accounts.
All financial systems relying on currency requires faucets for the currency as well as sinks. A faucet is how the currency enters the system. A sink is how it is removed from the system. INT's primary inflation will come 90% from Proof-of-Brain voting and content creation. 10% of the inflation will be directed to ongoing moderation and management of the platform and be divided among team members.
Overall Inflation of INT will have an initial target inflation of 10% and decline every year by 1% until it reaches 4% and it will stay at 4% inflation from that point forward.
Initial INT 930,000
Initial annual inflation 93,026.5
Distribution: 93026.5 Tokens annually
PoMod: 10% goes to @int-finance
Proof of Brain Rewards voting for author and curation efforts on the platform.
Proof of Moderation Similar to how the Steem blockchain provides 10% of the inflation to witnesses; 10% of annual inflation goes to the Intrepreneur team for administrative tasks and management and to cover network expenses.
Token Redemption (sinks)
Tokens can initially be redeemed for 1 of three things: upvotes, advertisement, and customizations.
Ads Banner advertisement opportunies will exist on the platform.
Post Promotion Users can promote posts on the site using INT.
Discord Customizations A large part of the Steem experience is interacting with a social group. There are a variety of Discord roles that are available for fine tuning your social experience. After the initial token offering, we'll organize a variety of roles to be applied onto users depending on the amount of INT they have staked, steem they have delegated, interaction they've gained, and other ways as makes sense.
7 day payout windows
unstaking occurs in 84 days in 12 installments
Here's the list of initial settings.
The INT token provides no income or profit sharing from any account that Intrepreneur manages.
Intrepreneur is offering the token on an "as is" basis and provides no guarantee that additional work or effort will be made other than supporting the existing community with the existing tools.
While it is possible, especially while testing the accurate price of the INT token that prices may fluctuate in the market, Intrepreneur makes no claim that the token prices will rise in the future beyond the initial lauch (or the initial discounts) listed above.
We are not a business nor intend to be one.
Intrepreneur will put the raised Steem into Steem Power. The primary use of the Steem power is to ensure the long term existence of the network and pay server costs and administrative costs.
Last updated @ 9:20PM Eastern Standard Time - July 14th, 2019.