Total token supply: 200,000,000
100,000,000 token for Stage 1 Token Crowdsale 50%
The initial token price will be set at $1 when it goes on sale on September 15. During the first 5 hours of the Token Crowdsale we will offer an early bird 5% discount, price will remain at $1 for the remaining of the first 24 hours and will increase $0.05 each 24 hours for 30 days or until all tokens sold.
50,000,000 tokens reserved for Stage 2 Token Crowdsale 25%
Stage 2 will happen no sooner than 2021, and all tokens will be sold at market price, not at a fixed $1 USD value.
The remaining 50,000,000 PRG will be held in reserve as follows (important note: all percentage below will be adjusted in accordance with actual amount raised, e.g. if we sell 70M of 100M tokens, the following numbers will be multiplied by 0.7):
- Paragon Reserve Fund 40,000,000 PRG
- Community Controlled Reserve 10,000,000 PRG
The Paragon Reserve Fund operates as part of our business model, ensuring a stable token with a bright future. It is in our best interests to ensure that the PRG purchasing power grows over time and market manipulation is avoided.
For more information, please read our whitepaper
Two parts: APIs and community
APIs give access to all non-private data accumulated in blockchain. Community posting allow for voting (votes = earnings). Community controlled fund allocation.
Whereas, ParagonSpace is the heart of our organization, the ParagonOnline Community will be the mind. We will implement the best-practices of sites like SteemIt and Reddit to create an incentivized and controlled community designed to efficiently channel the efforts of our members towards the definition and achievement of our priority goals.
ParagonOnline is by design a “community-based” online space, where tasks, functions, goals and priorities are defined and re-defined in real-time, by the community. At inception, we envision the main tasks of the community to be as follows:
ParagonOnline will serve as the reservation and clearinghouse system for ParagonSpace. Community members will be offered space based on their standing in the community on the basis of upvotes and downvotes (each costing 0.01 PRG) received from their contributions to ParagonBoard. ParagonBoard will be the central station for exchange and development of ideas and knowledge that further our priority goals. At inception, we will have the following sections: Current Legal Issues, Political Legalization Effort, Technical Development, New Business Ideas, New Priorities. This is primarily where community members will earn UpVotes.
BLOCKCHAIN FOR THE INDUSTRY
- Build trust via immutable ledger
- Apps interact with information stored in blockchain.
- All product lifecycle events stored forever.
- Anonymous patient identification.
Government Regulation Compliance
- A State ID Database
- B Doctor Accreditation
- C Lab Certification
- D State Certification
- E Dispensary Permits
- F Inventory Verification
- G Retail Verification