Legal Disclaimer
I am not financial advisor, I am not giving finance advice. Keep in mind that all ISOs are risky and you should do your own research before consider investing in any project. The following is not aimed to be taken as financial advice, I am not giving you legal advice. All the information shared below is public information collected to the date of posting the article.
Overview
Project: One Ledger
Token: OLT
Hard Cap: $ 15M ( $ 5M for crowdsale)
Soft Cap: $ 4M
Total supply: $ 1Bilion
Pre-sale lockup: NO
Mission: Simplify business adoption of blockchain and its integration with business applications and products.
Website: https://oneledger.io/
OneLedger’s mission is to simplify businesses’ adoption of blockchain technology and its integration into their specific business applications and products. Both businesses and individuals can leverage the platform to create both public and private blockchains with their own uniquely-identified network consensus. With the use of role control, enterprises can also separate read and write access on their permissioned network.
All transaction data and real source records are written into distributed nodes by an open source validation mechanism of data sharing through the blockchain underlying protocol. The real data becomes more simplistic and reliable through the enablement of IPFS protocol. Individuals participating in business activities can effectively become their own smart contract performers and data sharing peer.
The primary client-side interface is a REST API allowing applications to register users, query the blockchain, and issue transactions. A set of APIS are made available for chaincode to directly interact with the stack to execute transactions and query transaction results. The service-side programming interface is a business portal for users to effortlessly build business models and functions to project real world functions onto blockchain.
The 3 Layer Consensus concept
To integrate effectively between different Blockchain products trough their tree layer consensus concept.
OneLedger Business Initialization. Contract is defined to indicate the roles and their respective behaviours of business participation.
Channel Consensus. Execute interactions (transaction or any business behavior) between roles as defined in the contract. Contracts without a defined role are considered general contracts where the Channel concept does not apply. Consensus can only be reached throughout the entire blockchain network.
Public Chain Consensus. It helps initiate transfers between public chains. When a transfer between public chains is requested, the pre-consensus step is conducted in the OneLedger Sidechain, and a pre-consensus block (the N9 block in the previous diagram) will drive a proposal to the public chain. Transactions across public chains are made available due to OneLedger’s use of a hybrid combination of federation and drive chain to make it possible to synchronize between public chains and OneLedger.
Use Cases
- cross-chain decentralized exchange
- ability to move business traffic into sidechain with high performance
- ability to deploy and migrate DApp with ease
- enablement of cross-chain access and consensus through OneLedger protocol
- standardized communication between DApps within OneLedger protocol
- asset identification and transparent flow such as asset registration, donation process
- BaaS offering to help users create business modules with open source DApps within the business
- help businesses and individuals with AI support and flow optimization
- transparency and traceability of process through tagging of business flows
Economics
Hard Cap: $ 15M ( $ 5M for crowdsale)
Soft Cap: $ 4M
Total supply: $ 1Bilion
Private presale I: 6 million USD
Private presale II: 3 million USD
Public sale: 5 million USD
Token distribution
Network Participants
- Users, including businesses, need to pay a network fee to nodes to use any services on the OneLedger platform. They can either acquire OLT tokens from other token holders, or they can run a node themselves to start acquiring tokens to reuse for business use cases.
- Nodes will receive OLT tokens as network fees. In the early phase, OneLedger’s software will allow everyone to run a node.
- Developers will range from individual contributors, to enterprise teams, to consulting firms. Developers need OLT tokens to deploy their modules to OneLedger platform. They can submit modules and code to OneLedger Marketplace with a smart contract that defines the terms of sale.
Team
Experienced team with solid background working for well known technical industry companies like: Xerox, IBM, NEC, Nokia.
Source: https://oneledger.io/