Blue Chip Vision

What is Blue Chip Vision

The Blue Chip Token enhances the experience of queuing cycles that occur when people commit to joining a line to acquire a given Offered Opportunity. The Blue Chip coupled with the Opportunity Access Queue (OAQ) Module and the Autonomous Exchange Management Mechanism (AEMM) supports the process through which anyone can configure the perfect queue for any occasion. In doing so, simultaneously providing incentive, efficiency, and a Blue Chip customer base as an additional revenue stream. These technologies and platforms together form the Crypto Adoption Turbine (CAT) process. The CAT was purpose built for and harnesses the trustless and immutable properties of blockchain [3] technology to support a distributed queuing system that is easily auditable, transparent and automated. The CAT can be applied in single step or multi step recirculatory autonomy process, to an infinite number of utility cases, across an infinite number of blockchain networks. It proposes a true economic value proposition for all participants in the CATs process, the longevity of the CAT Token and the adoption of the underlying cryptocurrency associated with any chosen blockchain that can facilitate the CATs positioning.

The Blue Chip Token

This token will be constructed as a standard ERC20 token which functions on top of the Ethereum blockchain.The primary usage of ‘Blue Chip’ is to enable holders to commit bids towards obtaining or winning a position in the OAQs becoming an OAQ Member for an offered opportunity enabling the Blue Chip holders entry to then transact for the opportunity acquisition. Blue Chips and the OAQ Module provide a flexible structure for managing early and/or preferred access to OAQs for an infinite range of offered opportunities. In developing the Blue Chip token, great attention has been given to developing a utility token model that is legitimate, useful and well-defined in terms of its rights model and how it is designed to function.

The Blue Chip Token and System is an embodiment of the CAT, which means that the token has a specific defined usage within a utilitarian management system and service. This specific defined usage also coincides with a separate associated mandatory surrender of the utilized token for sale or exchange, the proceeds from which will subsequently be available to the owner of the token who committed it, minus optional service fees.

In this model, a person buys or obtains a token. They then may freely sell or exchange that token, but may also commit that token for usage in a specified system in order to perform some function. The token may provide the means to utilize a blockchain to track this system’s function, or series of functions. This committed token is then, subject to certain conditions, automatically sold or exchanged and the proceeds made available back to the Blue Chip bidder via an OAQ Refund minus the applicable blockchain network transaction fees and optional service fees.

The primary purpose of the token holder is to participate in the utility of the system for which they commit/bid the token, and not primarily the sale or exchange of the token. The sale or exchange of the token is merely the mandatory model of recycling that token back to the open market where it can be acquired to use again. The token bidder has no control over the specified parameters of the sale or exchange and is not guaranteed nor given expectations other than the committed token/s will be sold or exchanged and the applicable portions of the proceeds returned to them, minus optional service fees.