FOUR TOKEN = 100 % UTILITY
The FOUR token has been created as a utility token from the very beginning. With an embedded token teleportation service and multiple transfer option, the FOUR token serves as an atomic unit and main technical component of the 4th Pillar ecosystem. The FOUR token provides access to one’s professional identity and verification-related services. It overall serves as the main value and “gas” in a decentralized, token-based ecosystem. It also represents a unit of the network. The bigger the network grows, the more utility in the token. Designed and embedded in the blockchain infrastructure, it can serve as a very important part of the blockchain and be a valuable addition to the blockchain ecosystem. The number of tokens is fixed, thus, there cannot be any inflation effect. As the adoption of the 4th Pillar network and FOUR token transaction volume within the network grow, the demand for the FOUR token increases.
FOUR TOKEN DISTRIBUTION
• PUBLIC SALE: 152,000,000 (38%) FOUR tokens
• THE 4TH PILLAR VAULT: 152,000,000 (38%) FOUR tokens. The 4th Pillar vault will play a valuable part in the 4th Pillar ecosystem and an essential part in system operations. In addition, the vault will serve as a source for B-to-B FOUR token sales. For an easier and quicker platform adoption, the 4th Pillar vault will sell FOUR tokens to organizations in EUROs (never below market price).
• FOUNDERS: 50,000,000 (12.5%) FOUR tokens are held by the founders and the team, but VESTED for a period of 12 months and gradually released monthly according to the 12-month cliff plan.
• ADVISORS: 29,000,000 (7.25%) FOUR
• CONTRIBUTORS: 10,000,000 (2.5%) FOUR tokens go to the contributors, who helped with the project.
• BOUNTY: 7,000,000 (1.75%) FOUR tokens. Bounty tokens will be distributed for community building and sales incentives for pre-sale contributors.
FOUR TOKEN COLLECTING FEE
The 4th Pillar allows its users to transact with native FOUR tokens without ever holding Ethereum or even knowing about it. The FOUR token is designed in a way that allows the users to send FOUR tokens and pay the transaction costs — known as the gas fee, in native FOUR token as well. This provides Ethereum accounts the ability to transfer ERC20 tokens without having to pay Ethereum network transaction fees in ETH.
HOW DOES IT WORK?
The 4th Pillar platform and wallet will provide the users to send native FOUR tokens by simply signing the transaction with their private key. The signed transaction is then transferred to the 4th Pillar Settlement Service, which bundles multiple transactions together and settles them on the blockchain — once the transaction has been settled, the receiver can operate with his/her funds. The bundling of transactions enables our platform to scale as the overall number of transactions generated on the Ethereum blockchain is kept at the minimum.
The native token settlement is scalable and cost- effective. The cost of settlement per transaction drops significantly with the number of transactions reaching around this means that users can transact and benefit from lower fees that we are able to provide. Our cost of settling multiple transactions (that we batch from multiple users) is also significantly lower than it would be in the case of settling a single transaction.
Jan Jordan Franges