TOKENGO KONSENSUS

https://tokengoplatform.com/

What Is TokenGo?

TokenGo is a blockchain based business tokenization platform offering fair rewards to its participants who form a local community of actual and potential investors and cryptocurrency investment experts. 

TokenGo Consensus

TokenGo consensus utilizes an adapted and modified DPoP (Delegated Proof of Power) algorithm, which is based on the DPoS/PoW hybrid algorithm. Its specific features include the use of a special token, GoPower, which is the basis for determining minting-priority and voting  power  when  electing  delegates.  When  blocks  are  generated,  the  DPoP  consensus  suggests  that  the  dependence  on  equipment  power  capacity  and  the  stake  in  GoPower  token ownership should be used simultaneously.  

In  the  TokenGo  blockchain  network,  blocks  are  produced  in  rounds,  while  the  process  of  their  creation  is  called  “minting”.  Miners/delegates  engaged  in  building  blocks  will  be  referred to as Delegates in this paper. Delegates are responsible for two independent pro-cesses which are, however, logically interrelated: creation of a transaction block and verifiction of the received block into the man chain using electronic signature.  

Thus, we can define three fundamental facts in favor of the DPoP consensus algorithm :

First : an incredibly high transaction rate in the network, which is achieved due to the Delegates’ capability to include suitable transactions in the structure of a block transferred for input, without waiting for the check of a half of all network nodes.  

Second : democracy. Any community user who has at least 1 GoPower, has voting power and can take part in the management proportionally to the number of tokens he or she has.
Third :  a high degree of manageability. There are mechanisms, which allow achieving consensus on all issues related to the network development and future. 

Contemporary Capabilities of Tokens Related to Business Tokenization

Firstly :  it is a powerful financial tool.
Secondly : it is a tool designed to control participants’ and investors’ behavior. Different purposes and applications of tokens, as well as an established reward system specified in the project  WhitePaper  are  able  to  encourage  most  Community  participants  to  take  certain  actions and to drive them to achieving the common goal.
Thirdly : as analysis and practice have shown, not only business models but also separate business  processes  can  be  subject  to  tokenization  which  allows  introducing  an  additional  financial component into them.

Monetizing the TokenGo Platform

The principle of the TokenGo platform monetization is simple and clear. The basic platform services will always be free of charge for an unlimited number of people including individuals and legal entities. Chargeable services will be provided on a one-time basis or by subscription.

The TokenGo platform will charge a commission fee in the amount of 3% of ICO campaigns raising funds in GOC. The commission fee will be transferred to the TokenGo account after the campaign is successfully completed. The money will be invested in the platform maintenance and development.  

The  platform  will  charge  a  fee  for  additional  services  provided  by  the  platform  such  as  web-design,  creation  of  customized  landing  pages,  development  of  DDoS  protection  and  data security solutions, etc. In most cases, this will be cryptocurrency outsourcing on a mutually beneficial basis. 

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More Information :

Website : https://tokengoplatform.com/
Whitepaper : https://tokengoplatform.co/pdf/tokengo_whitepaper_EN.pdf
Facebook : https://www.facebook.com/tokengoplatform/
Twitter : https://twitter.com/Token_Go
Github : https://github.com/TokenGo
Reddit : https://www.reddit.com/r/Tokengo/

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