ENVELOP (NIFTSY)
Search…
Key documents
Technical documentation
The architecture of the Project and the role of the Token
basic functions and tasks of the NIFTSY token
So, the Architecture of the Project is as follows:
It is important to note the following principles of model formation:
- 1.The links between Protocol - Oracle - Index are formed initially from the bottom up, but then the Project works from all three elements.
- 2.Oracle and Index can be created outside the Project, Protocol cannot.
- 3.All three entities are based on primitive transactional reputation models, i.e. they consider a) quantitative; b) temporal; c) subjective criteria.
- 4.All elements operate on the basis of openness, decentralisation and consider all entities as possible actors in the Project: scripts, AIs, users, etc.
- 5.All three entities interact with each other through the Token functionality, which is a necessary element of the Project ecosystem.
The features of the Token are discussed in more detail below.
Last modified 4mo ago
Copy link