Substrate & Atoms
The terminology involved with modern cryptocurrencies is confusing to anyone who isn't steeped in the world of technology. The average person does understand fiat currency, however.
Substratum runs on Substrate and Atoms, a rough linguistic equivalent to dollars and cents. Fiat currency uses whole numbers with two decimal places, and so does SUB. This will ease the learning curve and help mass adoption rates in the general public.
Substrate = Dollars (everything before the decimal)
Atoms = Cents (two places after the decimal)
Fuel to Run Substratum
Substrate acts as a fuel that powers the Substratum Network. The process works something like this:
1. When a business or entity wants to host their site(s) on the decentralized web, they will purchase Substrate using other cryptocurrencies or fiat.
2. When a Substratum Network member runs their node and renders requests they are paid using Substrate from the host.
3. When a shopper checks out using CryptoPay, the payment method they use is converted to the payment method the vendor desires by using Substrate as the conversion currency.
* The reason we are able to run our ICO in the United States is because Substrate is the currency that fuels Substratum.
To ensure an ample supply of Substrate to run the Substratum Network, we originally planned 1.2 billion tokens as our total. We later revised that number down to create a higher value for our network members:
ICO Minimum: 5MIL Substrate Sold
ICO Maximum: 500MIL Substrate Sold
What Happens If the Market Gets Saturated?
Should the market ever reach 90% saturation, the network will create 10% additional tokens and segregate them into an account that is only used as fuel to run the network. These will not hit the exchanges and will only be available for transactions within the network.
How We Are Protecting the Development Fund
To ensure the development fund is not subject to big market fluctuations, we're hedging it four ways. By doing this we ensure we have the capital needed to finish each phase of the project budgeted for in the Initial Coin Offering.
USD Fiat (25%)
Founders & Advisors Shares
Below are the shares dedicated to the founders and advisors for their efforts and investments to get Substratum up and running:
Main Founder: 10MIL Substrate
Team Leads: 1 MIL Substrate each ( 5 Team Leads )
Advisors: 25% of total investment
Founders receive NO SHARES until the first version of Substratum is released at the end of 2017. This will ensure that members who join during the pre-ICO or ICO phases are protected and a quality product is delivered.
How We Are Using the ICO Fund
The development fund is being used in the following breakouts to ensure goals are met and that we raise sufficient market awareness:
Product Development: 60%
Product Awareness: 30%
Network Infrastructure: 10%