ABOUT
The Fabric Token ( FT ) ecosystem aims to empower individuals and businesses with easy access to blockchain technology and smart contracts by providing easy-to-use software. Products within the FT ecosystem will focus primarily on helping people from the background to create and implement their decentralized applications ( DApp ), without the specialized computer programming knowledge they typically need.
As we see in the White Paper, blockchain technology and smart contracts can have drastic impacts on diverse industries such as finance, food delivery and government. For this purpose and to solve the problems listed below, we present the Token Token ecosystem.
PROBLEMS
- Accessibility & Financial Inefficiency in Blockchain Adoption & Intelligent Contracting
Blockchain technology and smart contracts are still widely misunderstood and difficult to adopt.
Blockchain technology is still widely considered experimental by individuals and businesses, and many consider it synonymous with Bitcoin or Ethereum - only two of its most popular applications.
Furthermore, even those who decide to engage with block-based application creation (DApps) are faced with the lack of easy-to-use software and tutorials in niches where significant technological expertise is a must.
This forces companies to seek high-paying specialist assistance, which is virtually unaffordable for beginners and not profitable for the company. As a result, the advantages of using DApps can not justify the financial tensions on the project, which hampers innovation in some industries.
Given the competencies required to turn the application logic into smart contracts often can exceed the current level of qualification, expert intermediaries usually end up being a necessity, which removes one of the key benefits of using a smart contract in the first place.
- Technical and Financial Challenges to Develop Smart Contracts
Developing smart contracts, even with Solidity, presents a variety of challenges, both financially and technically.
On the technical side, because smart contracts aims to replace legal contracts with self-employed computer code, they are hard to understand by the layman. With developers comprising only about 0.003% of the global population and as most of them still consider blockchain technology as an experiment, few people can develop, test, and implement blockchain-based applications properly.
In addition, even IT specialists can also ignore bugs in their code and, in the case of smart contracts, this has caused hundreds of millions of USD losses in crypto in crucial. This problem arises both from the fact that the Solidity programming language is still in its early stages and from the fact that, to write secure smart contracts, programmers must be fully aware of the way blockchain technology works under the hood and also what are the common smart contract security considerations.
Because smart contracts can not be changed, margins for practical errors do not exist. A simple mistake in a smart contract deployed is likely to be exploited by a malicious user who lacks incentives given the ever-increasing crypto value.
- Current Challenges in Intra and Inter-Organizational Business Processes
Business process management, in its current state, has some drawbacks that do not necessarily complicate the workflow.
The first and foremost problem is trust. When it comes to inter-organizational business processes, trust is lacking. Each organization keeps details only about the part of the process related to them, making it very difficult to trace where the given problem originated or verify that the other party is complying with the specifications of the process they have agreed upon.
To overcome this, businesses rely on intermediaries, which ensure trust and monitor the implementation of the workflow. This, however, not only increases process time, but also costs.
To further complicate matters, the current standard way of business process management - enterprise resource planning (ERP) systems - can be extremely rigid and expensive to adapt to ever-changing business needs.
These are just a few examples of how business processes intra and especially between organizations are modeled, maintained and executed. They point out that significant revisions are needed to be faster, more cost-effective, and most importantly, reliable.
SOLUTION.
The solutions to the problems listed above and the remainder listed in the White Paper are the Fabric Token ecosystem, which consists of four main components - Token Kain itself, TokenGen, DApp Workbench, and Fabric Store.
- Cloth Token - Utility payments in the FT ecosystem.
One of the fundamental parts of the FT ecosystem is the Token Kain itself. This will be used as a utility to pay for products and services within the platform. For example, if someone wants to generate smart contract token and fundraiser for their project, in the end, they will have to pay a small fee for the Fabric Token in order to gain access to their code.
In addition, Token Kain will be used as a digital asset to be exchanged between third-party developers and users in Fabric Stores. The main idea behind the Fabric Token is that, unlike the more popular crypto, its value depends only on the performance and growth of the FT ecosystem, not on other external factors.
- Fabric store - Market is decentralized for smart contract components.
The Fabric Store will allow third-party developers to get tokens and build their reputation by completing TokenGen and DApp Workbench with custom-made software components. Strictly digital, this will provide an advantageous opportunity for talented programmers, while helping the FT ecosystem develop and provide more possibilities for businesses and individuals.
The market will embrace decentralized and irreversible dismissal properties by storing data, ensuring fair product reviews that can not be tampered with, and protect sellers from payback scams, a common issue in traditional online stores.
- TokenGen - A simple web app for smart contract generation.
TokenGen will allow users to generate smart contracts for their tokens and fundraising by going through a simple step-by-step process - choosing token and fundraising functions, filling out details like name and symbol marks, paying FT, before finally getting fully tested and securing code smart contract as specified by the user.
The smart contracts generated by TokenGen will be fully editable if the user needs to add custom functionality. TokenGen also provides in-depth documentation of all smart contract templates, including the guides included with this code, making it easier, if necessary, to edit something in the future.
- DApp Workbench - Business application platform for combining smart and blockchain contracts into BPM.
DApp Workbench will help organizations develop smart contracts through business process modeling. The app has a drag-and-drop interface, which will use the BPMN 2.0 standard, which enables the import and reuse of diagrams created with other compatible BPMN tools.
Part of BPMN's specifications and predefined intelligent contract components will enable the creation of fully automated workflows for various blockchain technologies, including but not limited to Ethereal and Fabric Hyperledger. DApp Workbench will enable all automated business process development steps ranging from design, compilation and testing through the implementation, monitoring and decoding of workflows on blockchain.
Token Sale
- Fabric Token Launch Start
February 15th, 2018 at exactly 10:00 UTC.
- Fabric Token Total Supply
100 million.
- Fundraiser Cap
80 million FT equaling roughly 9 million USD.
- Accepted Form of Payment
Only Ethereum (ETH).
- Fabric Token Price
Exactly 0.1125 USD per 1 FT.
- Fabric Token Exchange Rate
9,000 per 1 ETH (will be adjusted accordingly right before the FT launch).
- Public Pre-Sale, Bonuses, and Secondary Sales
There will be none of the above.
- Fabric Token Smart Contract Address
Will be made public exactly 48 hours prior to the launch.
- Fabric Token Launch End
Either 45 days after the launch or if the fundraiser cap is reached.
- September 2017 - Commence Development in TokenGen
Current UI and beta functions, which feature a total of 6 smart contract templates that extend the token function and fundraiser basis, are both fully operational. This tool will be available to the user once the Fabric Token launch is complete.
- October 2017 - Initiate Development at DApp Workbench
Extensively test and ultimately determine software architecture, technology stack, supported blockchain, and modeling notation for BPM.
- February 2018 - TokenGen 1.0
Includes fully-functional web apps for token intelligent contract making and fundraiser.
- April 2018 - TokenGen 2.0
Additional additional contract templates are added for token and fundraiser functions.
- July 2018 - DApp Workbench Public Beta
Includes a fully functional DApp Workbench desktop application as well as clouds with a limited set of intelligent contract components, which will be defined and published before beta launch.
- September 2018 - DApp Workbench 1.0
Expand the beta version of the software by significantly expanding the intelligent contract components provided by DApp Workbench.
- October 2018 - Cloth Shop Development Starts
The initial code for the project intelligent contract is written, optimized, tested, audited, and then deployed. Furthermore, UI works with smart contracts developed.
- December 2018 - General Beta Cloth Shop
Some functional UIs connected to smart contracts from the Fabric Store are open to the public for testing purposes.
- February 2019 - Fabric Shop 1.0
A fully decentralized market operating for intelligent contract components is launched in general to enable third-party developers to further improve the performance of our vanilla projects and expand the adoption of the Fabric Token ecosystem.
- 2019 - Fixed Token Token Ecosystem further
Further improvements to Token Token ecosystems primarily focus on expanding the range of functionality covered by intelligent contract components that make the product accessible to a growing group of users and businesses.
Team Fabric Token
Nikolay Nikov
Vision, Strategy, Rebuild, CEO
From working on Britain's largest cheating detection software and EMEA, to build software security frameworks for UK institutions, Nikolay's background in software development has helped him gather great technological and networking expertise.
Marin Ivanov
Software Development and Smart Contract, DevOps, CTO
With over 10 years experience in projects ranging from web development, system applications and embedded low-level programming, Marin knows the right tools for every trade. Combined with a career that includes his creative side and disciplined approach to regulatory compliance, he is the CTO that any project will love.
Doncho Karaivanov
Marketing, Content, Design, Front-End and Smart Contract Development, COO
A successful entrepreneur in digital marketing today, Doncho has a rich background in software development. Encouraged by his creativity and striving for perfection, he is perfect for technical teams focused on innovation and user experience.
ADVISORS
Dimitar Boyanov
Business and Legal Framework
Dimitar Boyanov is a software engineer, having developed and managed the lifecycle of large-scale corporate applications in the financial sector compliant to regulatory and audit requirements on a national and international level while working for Deutsche Bank as a Senior Business Analyst. Currently he is involved in cloud-based technologies and developing methodologies for secure cloud-based adopting solutions.
Krastyu Georgiev
Technical Consultant
Krastyu has more than 20 years of professional experience in the architecture, design, implementation and maintenance of complex software systems for German, Swiss, Belgian and Bulgarian companies. Over the years he has played the roles of Enterprise Architect ( e-Government ), Technical Project Manager, Scrum Master, Software Solution Architect, and Java Enterprise Developer.
Marian Nedelchev
Business Landscape Analysis and BPM Consulting
A seasoned Business Analysis Professional and core team of players in large and mid-sized IT projects within the financial and government sectors in Germany, UK and Bulgaria. Projects and products were financed by the World Bank, European Union funds and leading traditional and alternative investment companies.
Milen Ivanov
Market Research and Project Economics
With over four years experience in trading on the NYSE, Milen has comprehensive knowledge of markets and the fluctuations and react to certain external and internal conditions. Currently, he is actively engaged in trading at Alaric Securities - one of the top trading companies in Bulgaria.
Petya Valkova
Project Management Consultant
With a broad experience in solutions and delivering multi-technology projects in high-ranked companies, Petya's fast-paced analytical thinking and vast technology and business knowledge has helped her build a respectable track record of driving ambitious projects to success.
Simeon Karaivanov
Content Editor
Simeon has worked as a professional reader for more than 5 years and is now working as an editorial for one of the leading commercial publishing houses in Bulgaria - Bard Publishers. Most of his professional experience has been focused on working on texts and improving them.
AS SEEN ON
For more information you can join our website address below so much from me and thank you :
- Website : https://fabrictoken.io/
- Token Sale : https://fabrictoken.io/token-sale/
- White Paper : https://fabrictoken.io/media/Fabric-Token-Ecosystem-White-Paper-EN.pdf
- ANN Thread : https://bitcointalk.org/index.php?topic=2593357
- Twitter : https://twitter.com/fabric_token
- Telegram : https://t.me/fabric_token
Penulis Artikel : Epengcupeng12
ETH : 0x9A131b646dE6c83Ffd5703ebFf9Ac03869357E61
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