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Boscoin (BOS)

Boscoin bounty

A congressional decentralized cryptocurrency platform for Trust Contracts

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Overview

Project industryBlockchain Infrastructure
FoundedKorea, Republic of
WhitepaperBoscoin White Paper Open

What is Boscoin

We need a system to solve the distribution problem, and the current crypto economy is the closest thing to a workable alternative. However, the Dapp-ICO strategy of the current crypto economy is likely to produce fragmented credit generation systems that may not solve the capitalist problem the BOS team intends to solve.

Public Financing. In order to solve the problem of fragmented credit creation systems by the DappICO strategy, we propose Public Financing (PF). PF is a way for individuals who use and trade real credit to make collective decisions to create credit.

Rather than be dictated by a central bank or government, the community creates its own credit. Unlike other crypto platforms, BOScoin can offer PF because it has a governance system called the Congress Network. In capitalism, the institutionalized financial system holds most capital and most decision-making powers; most members of the system obediently follow the decisions made by others. It is also difficult to withdraw from the system.

On the other hand, many cryptocurrencies, including BOScoin, are community currencies. If a currency does not reflect the voices of its members, the community will wither and die. A cryptocurrency can grow into a community money if justified by community consensus. Thus, a cryptocurrency should be able to offer a governance structure which reflects a majority of community.

To solve this problem, we are implementing a system of one person, one vote. The system of one person/ one vote may not be the best method to the problem of plutocracy but the most appropriate governance system for the time being. However, it is impossible to introduce the one person, one vote principle without requiring identification — this in turn jeopardizes privacy and freedom of expression. This goes against the general ethos of the blockchain.

Details

Public sales: May 10, 2017 - Jun 18, 2017
Token supply: 9,990,000,000 BOS
Total tokens for sale: 5,000,000,000 BOS
Hard cap: 6,900 BTC
Raised: 17,920,000 USD

Legal

Blockchain Platform: New Blockchain
Office address: 4th Fl. 415, Teheran-ro, Gangnam-gu, Seoul, Korea, 06160

Token info

Ticker: BOS
Token price in USD: 1 BOS = 0.0444 USD
Accepted currencies: ETH
Token distribution:
A total of 9.99 billion coins will be issued over the next 141 years: - initial development budget (10%) - confirmation rewards (30%) - freezing rewards (24%) - the Commons Budget (36%)

Boscoin Roadmap

1
M1 Alpha
  • P2P : Protocol specification &Implementation
  • mFBA Consensus : FBA : Key Design Implementation
  • Data Store : Store specs & SQLiteStore implementationTrust Contracts
  • Ontologies & Rule(TAL) : Remittance : Send & Receive Tokens based on Trust Contracts Import and define basic BOScoin Ontologies
  • Inference Engine : Formal Specification and Key Design Elements UX
  • CLI & Web Interface : CLI design & Implementation
  • Wallet : Wallet Formal specification
  • 2
    M2 TokenNet
  • P2P : Unit & Acceptance Test
  • mFBA Consensus : FBA Implementation and Network Stability Test
  • Data Store : RDBMS & AWS S3 Trust Contracts
  • Ontologies & Rule(TAL) : Specification of Ontology Language UX
  • Wallet : Web Wallet Functionality Test
  • 3
    M3 Genesis
  • P2P : Unit & Acceptance Test
  • mFBA Consensus : mFBA : Key Design Implementation
  • Data Store : MessagePackHistory Trust Contracts
  • Ontologies & Rule(TAL) :Construct Core Ontologies, Governance System Specifications
  • Inference Engine : Reasoner Integration with Blockchain UX
  • CLI & Web Interface : Web UX design
  • Wallet : UX design Application PoC Test
  • RPC & REST API : Blockchain Explorer
  • 4
    M4 Nebula
  • mFBA Consensus : mFBA Optimization, Trust Contracts
  • Ontologies & Rule(TAL) :
  • Governance Trust Contracts & Multisig Tx Specification Construct Key, Governance Ontologies Proposal & Vote Implementation
  • Inference Engine : Reasoner Optimization
  • 5
    M5 Sirius
  • Data Store : Blockchain backup & restore using ISP (AWS, Azure ), Trust Contracts
  • Ontologies & Rule(TAL) :Multisig Tx Implementation, Automated Proposal Implementation, UX
  • Wallet : Android & iOS SPV Wallets
  • Project team

    Yezune Choi
    Yezune Choi
    CEO
    Minhyo Bae
    Minhyo Bae
    CTO
    Myungsan Jun
    Myungsan Jun
    CSO
    Eunseong Kang
    Eunseong Kang
    CISO
    Sungho Hong
    Sungho Hong
    CIO
    Aston S. Nam
    Aston S. Nam
    BLOCKCHAIN DEVELOPER
    Changyong Kim
    Changyong Kim
    ANDROID DEVELOPER
    Douglas D. Kim
    Douglas D. Kim
    BUSINESS & COMMUNICATION MANAGER
    Eunhye Hong
    Eunhye Hong
    SERVICE DESIGNER
    Haejun Lee
    Haejun Lee
    SERVICE DESIGNER
    Hankyeol Tschoe
    Hankyeol Tschoe
    BUSINESS DEVELOPMENT / COMMUNICATIONS
    Hwangwook Kim
    Hwangwook Kim
    BLOCKCHAIN DEVELOPER
    Hyeji Lee
    Hyeji Lee
    SERVICE DESIGNER
    Hyonam Lee
    Hyonam Lee
    ART DIRECTOR
    Jeonghoon Byun
    Jeonghoon Byun
    SRE
    Jinchan Kim
    Jinchan Kim
    AUDITOR
    Jonghyun Kim
    Jonghyun Kim
    BUSINESS & SERVICE DEVELOPMENT MANAGER
    Jungho Park
    Jungho Park
    SERVICE DESIGNER
    Junkseok Lee
    Junkseok Lee
    BLOCKCHAIN DEVELOPER
    Kyehyuk Ahn
    Kyehyuk Ahn
    BLOCKCHAIN DEVELOPER
    Mukeun Kim
    Mukeun Kim
    SW DEVELOPER
    Munsu Lee
    Munsu Lee
    SW DEVELOPER
    Scott Matheina
    Scott Matheina
    COMMUNITY MANAGER
    Siyong Lee
    Siyong Lee
    BLOCKCHAIN DEVELOPER
    Sohee Park
    Sohee Park
    BUSINESS ADMINISTRATION MANAGER
    Soonkuk Kang
    Soonkuk Kang
    BLOCKCHAIN DEVELOPER
    Sunghoon Cho
    Sunghoon Cho
    SW DEVELOPER
    Wanhwi Son
    Wanhwi Son
    SW DEVELOPER
    Youngjun Ko
    Youngjun Ko
    BLOCKCHAIN DEVELOPER

    Social media

    Boscoin web-siteBoscoin RedditBoscoin MediumBoscoinYouTubeBoscoin TelegramBoscoin BTCTalkBoscoin LinkedInBoscoin TwitterBoscoin FacebookBoscoin SlackBoscoin Github

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