The original Foresting system was rooted upon the Ethereum network. As the project grew, 24 billion PTON Tokens (Foresting's special token) got exchanged with the mPTON (this was it's experimental name) coins at a 1:1 rate after the main net launch.
The online Foresting bank (Foresting network's banking department) and PTON credit, which is a credit evaluation standard based on platform contributions that are connected with content creation and curation, will now run the Token economy.
A lot of blockchain platforms and projects are now using the PoS methods. In most projects, annual return is set to between 0.5 % and 8 %. In addition, the total amount of coin flow gradually increases over time. But the amount of tokens issued on a regular basis would be similar or equal in each time period, so the compensation paid to the Supernode operator is gradually reduced.
The main issue is for the maintaining of the annual return 6 % rate, the Foresting network will increase the absolute publication amount in the same rate. This is now why in a year after the main net launch, the total volume of PTON will increase by 6 %.
Needless to say, in as low as five years to come, all of the sum value of PTON will not grow by 30% but by an impressive 34% from its original statistic of commencing.
To better understand this system, one must first understand it's token. PTON is a coin used in Foresting. It's market value determines the value of the reward pool for the participants that contribute to Foresting.
Unlike former mining methods, PTON is created by the contribution of participants to Foresting. PTON guarantees that people who contribute to Foresting benefit from the app.
It is very interesting to note that PTON derives it's name from Phytoncide which is 'A word referring to all of the sterile substances that plants in the forest produce.”
A lot of people enjoy mountain bathing because of the presence of Phytoncide. It is a natural antimicrobial substance that is synthesized by Phyton (plant), which means “plant”, and Cide, which means “sterilizing power”.
It is also sprayed by trees to protect themselves from pests and germs. It relieves stress and strengthens cardiopulmonary function. It has an effect of sterilizing action and suppresses the growth of house dust causing atopy.
Phytoncide gives you a pleasant feeling by cleansing the air and you can get the effect of taking a mountain bath in the forest.
On a final note, There are many examples of the idea of decentralized digital money before the fame of Bitcoin, but Digicash (1992), Cybercach (1994), e-Gold (1996) are a few common examples.
Bitcoin is the first subject to have no power, and at the same time create a system that all participants can trust. It is much different from the previous technology because the system has incorporated, not only computer engineering and cryptographic factors, but also economic factors that drive participants' behavior.
Till then, whatever technology was applied to the system, eventually someone had to maintain rules and order within the network with responsibility and authority.
More Info:
Website: https://foresting.io/
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
Facebook: https://www.facebook.com/forestingHQ/
Twitter: https://twitter.com/foresting_io
Telegram: https://t.me/foresting_global
Author by Harrison White
https://bitcointalk.org/index.php?action=profile;u=2154973
Ethereum address: 0xEB4c68d47A2Bf17df5BD8995da75DDFCa7117435
Bitcointalk username: Harrisonnn