Deco.Network marketplace built on a decentralized registry and repository and requisite dashboard to enable developers to list their modules, packages, APIs, and projects and for companies and other developers to access and pay for code. Deconet Token (DCO) will be used as a utility (curation) token inside the network there by creating a value on the network. Deco.Network will also use smart contracts to funnel funds to contributors in an automated and transparent way aka act as the ‘bank’ for projects.
DCO is the primary unit of membership that network members use to curate the network with. Each module and module creator will be associated with a unique blockchain address. Application developers, the demand side of the market, can use any cryptocurrency as the unit of exchange, thus giving the ecosystem a broader appeal. Deco.network has 3 interrelated smart contracts governing the ecosystem,
Curation- enables DCO holders to curate the modules that are listed on the network
Commerce- enables the application developers, aka the consumers, to transact in Ethereum or any approved token, including USD pegged stable coins. Also for writing the receipt of payment and the purchase of a license to the blockchain
Project Banking- developers with commit access to be given a project to decide how funds that the project receives will be distributed. This will also help in the future to layer the governance projects like Aragon to be on top.
Deco.Network has partnered with Rivetz in order to provide a secure execution environment, examples include, automated auditing of a module and before being published to the ecosystem, ability to force a modal prompt when a module wants to spend from a user’s balance of a crypto token.
Testnet available
1️⃣ Defined max supply tokens
2️⃣ Testnet available and main net soon
3️⃣ Open source projects hardly get any support unless it has a big community- Deco allows a creator be able to allow highly rated contributors to approve pull requests, and all parties would be rewarded and paid for their contribution. This means you don't have to worry about a module creator taking few months break.
4️⃣ The default and recommended license would be the GNU General Public License. However, module creators are free to apply any license they like. This can be used by developers to earn more utlity tokens by applying the license type they want to and in fact do 2-3 versions and charge them accordingly
Referral system
5️⃣ Good team and partners
1️⃣ I can see an use case but the success of the platform depends on the developers network and how much really this platform will be used
2️⃣ Marketplaces in still a while away, it will come when the institutions come i.e., a wider adoption (our humble thoughts)
3️⃣ Do they really need a new DCO token? Deco has justified the reason stating- (i) control over the distribution of tokens (ii) raise funds for the ecosystem (iii) token value for the early adopters and evangelists
4️⃣ The marketplaces for code attempted in the past have had limited success
5️⃣ Full token metrics unknown (on the day of writing this)
The actual divide is not yet known, however they will mint 1,000,000,000 tokens- 100% of the tokens.
No further tokens can be created- max supply remains at 1,000,000,000
Deco.network is defintiely not a bad project but it is an idea that I do not think will flair in the immediate future. I am going to sit on the backseat in the Deco.network system vehicle.
Investing: No, I am not going to 👎 🚩
Disclaimer: 🛑
This is not an investment advice. These are my humble opinions about the project and it can not always be correct. so, I request you to do your own due diligence.
