VANTA : Cryptoeconomics

Try Setya Nugraha

VANTA Networks

VANTA is looking to build an intelligent network for real-time networking, which enables individuals and companies to quickly develop services that can efficiently transmit and process real-time data, as well as commercialize the services at low cost without additional infrastructure. As a result, creative services will be provided and integrated within the VANTA ecosystem, and VANTA blockchain will be a practical blockchain that will greatly contribute to improving the daily lives of individuals and operations of enterprise businesses.

Using blockchain and cryptoeconomics designed for real-time networking, VANTA creates a system in which nodes participating in the network contribute to real-time data transmission and processing without relying on traditional centralized systems and networks. This system results in a low cost, functional blockchain based network. Anyone, regardless of existing platforms, can participate and use the network by using an API, an SDK, or modules to integrate with existing applications or platforms in use. VANTA, therefore, can easily expand the ecosystem through modules that integrate applications and platforms that require real-time networking.

VANTA Use cases

VANTA is a platform blockchain to create intelligent networks optimized for real-time communication. For individuals, VANTA can be used to solve real-life problems. For developers, VANTA can be used to create various services that will improve the solutions of those real-life problems. As more devices become connected through the network, more services will be developed for the VANTA ecosystem. The VANTA team is already collaborating with companies that will use VANTA to create diverse business opportunities.

Communications

Communication services like WhatsApp, Uber, and Airbnb are using centralized API services like Twilio to incorporate communication capabilities into their services. Twilio had around 57,000 corporate customers in 2018 which was a 32% increase in comparison to 2017. Demand in this area is steadily increasing as their 2018 sales are growing to be $585M USD. Thus, if VANTA provides decentralized communication APIs for almost free, there will be a major change in the market and a dramatic increase in use cases.

Video streaming (Live & VOD)

Anyone can develop a P2P-based decentralized video streaming service that can provide real-time networking between participating devices since VANTA is available for use by developers and strategic partners. This means that it is possible to efficiently deliver high-quality, seamless video streams to the world at low cost. Therefore, using VANTA can lead to more content production because the cost of service development and operation is greatly reduced. In addition the costs saved can be reinvested to the content creator or supplier. Live video streaming can be used for online lectures, broadcasting, sports and game relaying. VANTA will create the next generation video streaming business that will allow Video on Demand (VoD) services, where various contents as ovies, entertainment, and music can be produced and supplied.

VANTA Positioning & Competition

Positioning

VANTA is a blockchain specializing in real-time networking. It is a platform blockchain that can solve problems that general-purpose blockchains could not solve, and develop various services requiring real-time networking.

Ethereum or EOS can be classified as platform blockchains while Storj or Golem can be classified as specific-purpose blockchains. Among these blockchains, VANTA is the intelligent network platform that can be classified as both platform blockchain and specific-purpose blockchain. VANTA can be positioned vertically as follows.

Platform & Module

VANTA will build its own ecosystem as a platform blockchain, bringing a variety of real-time networking applications and services. However, VANTA will provide a core module in the form of an SDK and/or API to provide platform-independent access to the VANTA network. Therefore, all platforms and applications that want real-time networking capability can leverage these services, leading to the rapid expansion of the VANTA ecosystem.

VANTA Team Competitiveness

The VANTA team is comprised of three teams: a team of researchers who have studied communication networks and have experience in commercializing technology, a university lab that has been conducting research on communication blockchains for the past several years, and a team that has accumulated experience in global IT companies. Combined, they form the VANTA team, dedicated to research and development of a blockchain based network specialized for real-time networking. This highly competitive team will conduct in-depth research and commercialize VANTA technology to the real economy. The team utilizes the knowledge and results gained from previous research and development of communication networks to VANTA. This gives the VANTA team to have a great advantage over other project teams.

VANTA Cryptoeconomics

Token Issuance

The amount of VNT tokens newly issued annually is determined by a fixed rate of 2 percent and the variable rate based on the number of tokens burnt in the previous year. Newly issued tokens are used as incentives for nodes performing real-time networking workloads and participating in block generation. Tokens burnt will go to the zero address, similar to Ethereum.

Staking Tokens for API Usage (end-users)

In cases when an application developer does not have sufficient funds to continue providing its services, a sudden influx of users, or when required by the business model of the service, developers can set staking rules for their end users. When a new user joins the service, or uses the service heavily, the developer can allow the end user to stake the additional amount of tokens required for its workload. Also, the end user can also set a monthly Net usage limit, which can enable more user-level custom staking models.Thus, the developer can prevent the malicious use of the developer's Net for unintended purposes. Because of these additional preventative measures, developers can choose to stake all the required Net for all users when they have enough funds. In the case of startups or individual developers, they can let the users stake the required VNT tokens to operate the service.

VANTA Architecture

VANTA Token Distribution

The VANTA network consists of 56.2 billion VANTA (VNT) tokens. A total of 35% will be raised via token sales. 10% of tokens will be given to the team who are core contributors for VANTA Network. Most of the portion of the budget will be dedicated to developing for the performance optimization and further function development.The VANTA (VNT) tokens shall be distributed as the following