Dos Network Ico Review

Dos Network Ico Review – A Decentralized Oracle Service Network to Boost Blockchain

About Dos Network

Dos Network, or the distributed ledger technology, is gaining massive attention all over the world. Emerging from bitcoin[1], blockchain has features such as distributed global states, tamper proof in the byzantine environment, and no central authorities or single point of failure; thus blockchain is believed to be the building block of trust and value exchange. Moreover, the advent of Ethereum[2] pushes decentralized economy one step further, by introducing user-defined states and a Turing-complete virtual machine, enabling the booming of decentralized applications[3] as well as smart contracts.

Although that nowadays the killer apps of blockchains are probably decentralized trustless crowdfunding and some Game-Theory based financial games, smart contracts and Dapps are being developed by talents in all industries: content monetization, decentralized cloud storage, insurance, games, decentralized casino and prediction markets, etc. Dos Network strongly believe that blockchains and smart contracts are still in their infancy, with more and more unimaginable use cases coming.

Dos Network Key Information

Token NameDos Network
IEO launchpadBitMax Launchpad
ICO start11th Apr 2019
ICO end11th Apr 2019
Token TypeERC-20
Token SymbolDOS
Price in ICO0.0120 USD
Hard cap1,700,000 USD
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Dos Network

Dos Network Ico Review - A Decentralized Oracle Service Network to Boost Blockchain

Future R&D Work

Dos Network are actively exploring other signature schemes besides threshold-BLS signature, with properties including verifiability, uniqueness/determinism, with non-interactive threshold version and short in size. Other advanced DKG protocols besides Feldman’s and Pedersen’s and verifiable secret sharing schemes are also in company eyes. They’re seeing emerging research and applications of verifiable random function in the blockchain space, notably the consensus engines of Algorand, Dfinity and Cardano are highly dependent on VRF. A company like to explore more applications of VRF in byzantine fault-tolerant consensus algorithms and in non-interactive zero knowledge systems.

Token Economy

Dos Network issue DOS token which is a utility token based on Ethereum ERC20 standard as Ethereum is the first blockchain we support. DOS token will be utilized to incentivize various participants in the system and ensure growth and development of the ecosystem. In future, may swap tokens to other supported primary smart contract platforms like EOS, Thunder, Tron, etc.

  • Dapp developers: Dapp developers and/or calling contracts need to pay processing fees to DOS nodes for each fulfilled request on pay-per-use or subscription-based scheme in order to request external data or perform off-chain verifiable computation tasks. DOS token will be the first accepted fee token used to pay processing fees to node runners, however token holders have the governance right to vote for what else to be accepted as fee tokens, like for example, stablecoins. Developers also pay to premium data feeds per their specs and they could set bounties using DOS tokens on the marketplace contract to request for missing premium data feeds.
  • Node runners: The off-chain Dos Network is consisted of third party user-engaged node runners. There are two types of nodes: data carrier node and computation node. Node operator could maintain either or both types depending on their economic interests and capabilities. Each operator locks certain amount of DOS tokens as security deposit, say 10000 DOS token, and they will be awarded with processing fees for the oracle services they provide. Malicious nodes will be detected by protocols and their security deposit will be forfeited.

Decentralized Derivatives

Derivatives are financial contracts between two or more parties whose values are based on the underlying assets. Dos Network allow people to put different viewpoints (long or short) on the underlying assets and in essence promote the financial stability. Public smart contract platforms make it possible to create and trade financial derivatives including blockchain based assets; for example, Market Protocol[43], Decentralized Derivatives Association[44], and DyDx Protocol[45] are all working hard to push the boundary forward. DOS Network could take a significant role in decentralized derivatives by providing price feeds, settlement values and contract expirations to determine gain or loss for participating parties.

Decentralized Lending Platform

Decentralized peer-to-peer lending platforms like SALT Lending[53] and ETHLend[54] allow anonymous users to pledge crypto assets on blockchain in exchange for fiat or crypto loans. Dos Network could be applied to introduce market rates during loan creation and to monitor the ratio of crypto collaterals to the loaned amounts, triggering liquidation events if loan terms are met. Furthermore, ETHLend also uses oracles to import borrowers’ social media data and other identity info to differentiate interest rates between different borrowers.