Dear Hoo users,
Hoo Labs is launching CasperLabs(CLX) token sale at 12:00 on May 26(UTC+8). Detailed rules are as follows:
Amount: 1 million USDT
Mode: First come, first served
Reference price: 1 CLX = 0.01 USDT
Time: 18:00 on May. 26, 2020 to 18:00 on May. 30, 2020 (UTC+8)
Accepted coin: USDT (wallet account)
Minimum invest: 100 USDT
Maximum invest: 10,000 USDT
Requirements: complete KYC
Release of CLX futures tokens by 12:00 on May 31(UTC+8)
Trading starts: Listing CLX/USDT trading pair at 14:00 on May 31(UTC+8)
This pre-sale is in the early stages of the project, and CasperLabs officially expects a reference price of 0.02 USDT for the next round.
The pre-sale tokens will be vested gradually after 90 days from the main online launch (expected in Q3 of 2020) and be fully released within 3 months. 1/13th of the token will be unlocked each week. During this period, the pre-sale tokens will participate in the verification node staking and receive the corresponding staking proceeds.
Gain on pre-sale of tokens:
The pre-sale tokens will participate in the validation of the node staking for a certain amount of earnings, including:
(1) Initial earnings: 15% ARR before the mainnet launch.
(2) Staking earnings: the staking proceeds of the tokens after the launching, profits are expected to be more than 15% ARR in the first year.
(3) Network fee: after the launching, the network fees will be allocated to the validators.
Note: This token pre-sale is a node round and cannot be circulated until CasperLabs main online launching and node round tokens are unlocked. Please pay attention to Hoo official announcement for the specific time of listing and withdrawal time.
Introduction to CasperLabs
CasperLabs is a decentralized computation platform based on a proof-of-stake consensus algorithm. The intent is for this design to be implemented as a new permissionless, decentralized, public blockchain. The consensus protocol is built on Vlad Zamfir’s correct-by-construction (CBC) Casper work. Here, they describe a particular protocol in the CBC Casper family which is provably safe and live under partial synchrony without an in-protocol fault tolerance threshold. The CaserLabs team has been developing the project since November 2018 and has delivered 14 development versions to date. The CasperLabs test net Testnet is now live with validators including HashQuark, STAKE FISH, SNZ, BLOCK BLOX, VALIDATION CAPITAL, THE ARCADIA GROUP, Acheron Trading, DELIGHT, LEDGER LEAP and more, with the main net scheduled for release within 2020.
1) Project Advantages
For developers and end users, the existing public chains are slow and complex, and their structures cannot keep pace with industry developments and meet mainstream needs.
CasperLabs is designed with practical use and applications in mind, making it easier for developers to build applications and easier for end users to use them. At the same time, the dividends of network development can be shared by all, as the incentives available to all parties are closely linked.
2) CasperLabs Highway Protocol
The CasperLabs Highway protocol creates the first proven security viable CBC Casper implementation, the proposed Ethereum 3.0 schema. CasperLabs Highway is a Byzantine fault-tolerant consensus mechanism that provides the required high level of security for unlicensed chains.
(3) Main features:
Rigorous mathematical proof;
Permit-free and decentralized;
Preventing monopolistic economic models;
In-agreement entrustment of rights;
Partial synchronization model with low overhead;
Resistance to Eqinecation attacks;
Hot preparation in slices;
Scalability based on security and decentralization.
CEO Mrinal Manohar, head of Technology and Finance, having worked for Microsoft, Bain and Bain Capital. Responsible for over $1 billion worth of hedge funds in the TMT space. Received a master's degree in computer science from Carnegie Mellon University.
CTO Medha Parlikar, head of Product and Engineering, with decades of experience providing production software for leading and well-known companies such as Adobe, mniture, Avalara, MP3.com and DivX.
COO Clifford Sarkin,Former Vice President of Business Development at DMA. Fund, an entrepreneur and cryptocurrency fund industry leader, who led VideoSurf's successful $80 million acquisition by Microsoft. He received his B.A. from the University of California, Berkeley in 2001 and his J.D. from Harvard Law School in 2005.
DanielKane, Consultant of Dr. Consensus Protocol. Professor of Mathematics and Computer Science at the University of California, San Diego. Received two bachelor's degrees from MIT and a Ph.D. from Harvard University, co-author of the CasperLabs Highway protocol, and advising on consensus algorithms for CasperLabs.
Introduction to CasperLabs(CLX)
Total Supply: 10,000,000,000 CLX
Initial circulation: about 20% in the first launching year
60% of total token supply will be sold to the public via validator sales and ongoing public sales.
16% reserved for developer & entrepreneur incentives, advisors and community managers via a DAO structure coupled with an AWS credits style system deployed over 5 years.
10% will be held by the CasperLabs network; any and all distributions will be commensurate with public release.
8% reserved for the team, vesting on a schedule similar to equity incentive programs over 3 years.
6% for advisors and strategic partners, distributed in a manner similar to the developer and community incentives.
In addition to the initial supply, the system will have a low rate of inflation, the results of which will be paid out to validators in the form of seigniorage
May 26, 2020