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 1yr ago