The purpose of the InvArch Whitepaper is to provide an overview of the vision and intention for development that may be taken, and also provides proof that these intentions are practical and significant.
The InvArch Whitepaper includes the architecture of the protocol together with ideas and steps that may be taken to improve the network. Therefore, we believe that by eliminating the barriers of trust through the blockchain technology and providing a network that would serve as a gateway to better utilize this new technology, innovations would be able to make way and occur at physical, yet impressive rates.
InvArch is a network for Intellectual property tokenization and decentralized development. Unlike past Blockchains that have focused on investment finance services and tokenization of physical asset classes. InvArch may be compared to a hybrid between a professional networking platform and a variation of an intellectual property authenticators rather than individuals leveraging skills and employers offering a salary in a job application, users can leverage skills and offer equity in a venture opportunity.
Moreover, The Architecture of the InvArch blockchain and platform is built utilizing the Substrate development framework, and Rust programming language. The intention behind these decisions is to have the InvArch blockchain be deployed to the Polkadot network’s multi-chain ecosystem and parachain relay. For your information, parachain is an application-specific data structure that is globally coherent and validatable by the validators of the Chain.
The InvArchitects Behind The Project
InvArch Tokenomics
The VARCH token is the native token of the InvArch network. It is required for many necessary functions on the chain such as paying gas fees, participating in on-chain governance, minting intellectual property sets, and forming decentralized ventures, among many others.
Initially ,1 billion VARCH tokens will be minted. InvArch has a target annual inflation rate of 5%. As would be required, VARCH has an uncapped token supply and the VARCH tokens will be allocated as follows; seed funding: 10% (100,000,000 VARCH), strategic funding: 5% (50,000,000 VARCH), parachain bond fundraising: 20% (200,000,000 VARCH), parachain bond reserve: 0.5% (5,000,000 VARCH), ecosystem & community growth: 15.5% (155,000,000 VARCH), protocol development: 10% (100,000,000 VARCH), treasury: 5.5% (55,000,000 VARCH), liquidity programs: 5% (50,000,000 VARCH), developer incentive: 4.5% (45,000,000 VARCH), partners and team: 19% (190,000,000 VARCH), team growth: 5% (50,000,000 VARCH).
Seed funding: Subject to a 24-month vesting schedule with a 3-month cliff and equal vesting in months 4–24.
Strategic funding: Subject to a 12-month vesting schedule with a 2-month cliff and equal vesting in months 3–12.
Parachain bond reserve: Tokens for parachain bond purposes.
Protocol development: Tokens to be used by the InvArch network for protocol development and other programs.
Ecosystem growth: Funds allocated towards ambassador programs and other community initiatives.
Liquidity programs: Tokens for liquidity programs to incentivize growth and adoption on InvArch. This allocation will help accelerate activity in the InvArch ecosystem.
Developer incentive: Funds to be used as incentives for developers and projects that are early InvArch adopters. Unused tokens can be allocated to other community initiatives.
To mint an intellectual property token, a user will provide various predetermined data fields. When you upload an idea or file, a version is mapped to the token that lives on the blockchain and it can’t be touched or altered.
InvArch has also identified a basic design and discussed its strengths and limitations accordingly, we have further directions which may further utility and erase those limitations and yield further ground towards a truly decentralized innovation ecosystem.
InvArch_Website
Join InvArch on Twitter
InvArch on Discord
