PalletOne is based on cross-chain technology and is aimed to break through isolated value island of blockchain, achieves the interconnection and intercommunication between blockchains and construct thevalue network in the world of blockchain. In the design of token economy, PalletOne, combined with its own technical characteristics and long-term objective, refers to 7 principle of blockchain economy system and avoids 8 traps in design and realizes a sound token ecology system through the distribution of different levels.
●Zero distribution: PalletOne issues 1 billion PTNs initially and distributes them to communities, funds, teams and angle investors in different proportions. After the initial distribution, PalletOne will continue to issue PTN to deposit holders, super nodes and as voting incentive subsidy.
●Primary distribution: the token holders may use the tokens they hold freely, including but not limited to transfer, payment of deposit, deployment of contract template, purchase of contract template and contract invocation etc. The users also can obtain the token by the following means: transfer-in, interest of security deposit, mediator transaction fee, transaction fee from jury’s contract execution and developer template sales income etc.
●Secondary distribution: PalletOne Foundation, as the governance institution of the whole ecology, takes the establishment of a healthy developing PalletOne ecology as the objective, punishes the behaviors not beneficial for PalletOne system and technology by means of initiating community governance proposal, and also awards the behaviors beneficial for PalletOne system and ecology by holding activities and developer context etc., so as to construct a prosperous PalletOne community
●Tertiary distribution: PalletOne encourages the development of Dapp on it, and in addition to the charged template, the developer also can issue contract template free of charge and the user may encourage the developer in the form of awarding. As the token of the system, PalletOne Token is widely used in the whole process of system operation, 18 https://pallet.one/ and the token abstract layer put forward by PalletOne makes it real for the users to define their own token rapidly and effectively. Based on the PalletOne token abstract layer, user may develop homogeneous token similar to currency, and also can develop non-homogeneous token similar to Cryptokitties, without coding by the users, and it is only needed to define certain parameters in PalletOne token template. Combined with the smart contract, the token abstraction layer may apply ecological token, value anchor token and equity finance token. PalletOne is a system that benefits miner (mediator and juror), smart contract developer and contract users. Only a stable and sound token model and circulation logic can build sustainable application ecology and provide a platform that users will wish to use.