STAGE – information about Conversion between STG and ACT
They record the influence of activities of fan via Blok platform and smoothly reward for their collaboration with virtual money (TOKEN). Fans can invest their rewarded token in applying diverse services like buying artists goods, album, unique content and concert tickets, etc. in STAYGE Platform. Artist can make new income with cashing out gained tokens.
Information about Conversion between STG and ACT
• Conversion Rule
Converting among STG token and ACT token is possible when the artists have participated the community. When an artist contributes in a community the community’s ACT token be changed to STG token via the conversion service given by the STAYGE Platform.
Though, STG token and ACT token can just be converted according to the following laws. There have to be parties on both of the sides who wish to convert from STG token to ACT token and vice verse.
• The conversion rate is determined backed by artist participation and community activity and both of the indicators reflect entire past and actual time indicators.
• When an individual changes STG token to specific ACT token, there is a conversion restriction each day which is determined by the value of the complete issuance of ACT token and the cost of goods that can be bought with ACT token. This stops individuals from buying more ACT token than needed in the short term.
• ACT token can be converted to STG token after keeping it for certain terms (7 days). During this term, conversions are restricted that stops ACT conversions for arbitrage.
• Consumers who agree to the declared conversion pace can request for conversion of their ACT token or STG token. If there’s sufficient value for conversions, it happens rapidly unless the conversion is planned for applying.
• The community delegation contributes to the conversion certification voluntarily and there’s no separate fee for the certification.
The laws specified above aim to make ACT token backed communities healthy fan community spots for fans and artists.
Apps and Service Instances
STAYGE Platform encourages the existence of many services in the system by offering APIs and SDKs. At the first phase system, first part services that offer basic features will offer and a lot of 3rd person’s services will emerge in the system. The services will emerge in the system. The services that STAYGE Platform can offer directly or the services that any other contributors can offer in the system include the following.
• Fan based Communities
STAYGE Platform is a block-based network that gives rewards to fans activates through virtual money. Therefore, the fan community that serves as the home backed to fans for their activities is the most basic services of STAYGE Platform.
• Approval and Creation of Communities
An artist and fan can make a request to make a community in the STAYGE Platform, and the approval is granted via the vote of the consumers. When applying for a community basic info about the artist have to be given so that consumers can determine whether the community is suitable to be made in the STAYGE Platform. For instance, a request to make a community for bogus artists that doesn’t exist in the actual world a community that already exists, or a community for objects might be rejected via the votes of the contributors.
Step by step Activation procedure
Even if a request for making a community gets approval, entire community features are not completely activated. The community features are activated section by section depending on the collection of fans that's willing to contribute in the community, the value of fans activities and the direct contribution of the artists.
Token details
• Token ticker- STAYGE (STG)
• Tokens available- 1,500,000,000 STG
• Platform- ICON
• Bonus- 15-30%
• Accepts- ICX only
• Complete issuance- 10,000,000,000 units
• Sales amount- 5,000,000,000 units
• Token Price - 1 ICX = 400 STG
• Soft cap : 2,500,000 ICX / Hard cap : 12,500,000 ICX
Token Distribution
• Reserve- 15%
• Public sales- 50%
• Foundation- 5%
• Community- 12%
• Team and advisors- 18%
Insight on Fan information
In STAYGE Platform all fan activities are stored in the Block. STAYGE Platform provides tools which can verify fans activities offline or in outdoor services, via the community and for the evolution of their participation. This lets artists gain insight into what activities their fans contribute in and in what scale and therefore allows them to make new planning reflective of their fans ideas.
Via, these artists will be capable to perform new kinds of activities focused uniquely on their fans having to be exclusively connected in conventional broadcasts, performances, and streaming services, in addition, business contributors such as marketers who agreement artists can make more perfect decisions based on the information of the artists and their fandom.
links:
• Official web Site: http://www.stayge.io
• Whitepaper: https://s3.ap-northeast-2.amazonaws.com/stayge.files/pdf/STAYGE_Whitepaper_en.pdf
Bitcointalk username = sudaoiya
ICONex wallet address = hx8a6afa02febc480240e72b843431816052f6ebe7