Corporations of the Future - SNT (Scale Network Team)
A scalable network company (SNT-scale network team) is a technological broker company assembled to solve a specific technological problem and united by one goal and economically interconnected through the project token-tc1. SNT can include both large companies through a transfer office, scientific laboratories and design bureaus through their IP and even individuals if they have unique expertize.
The distribution of tokens within the SNT is made by AIS (offers from participants are collected; they are compared to the market; the optimal offer is selected in terms of costs and execution risks).
The mechanism of SNT formation will be described below.
There are also several approaches to highly effective collaboration chains organization (see. concept of small groups).
For a more complete understanding of Virus project ideology we propose to consider the mechanics of project transition inside the platform from the “idea” to external funding.
The same mechanics with minor changes will be used for more complex projects with other economic agents.
The platform internal token is introduced to a pre-structured community and is associated with a fund size (a fiat one). TcO platform token is a dynamic parameter that directly depends on the capitalization of the system (fund) which in its turn depends on success / failure/ fundraising/ cost of projects. The system tokens are used only for work inside the platform. It is impossible to sell them at the first stage. They can be transferred to be managed by other agents, they can be used as payment within the platform, as a “voting” tool, as investment in projects. The number of tokens among participants is dynamically redistributed depending on the activities on the platform, the main of which is participation in projects. The participant (old / new) can buy tokens from the system.
Step 1. When an “idea” (task) enters the platform AIS determines the set of the necessary expertizes by decomposing the task according to the graph for the project development. AIS collects the “core of the project” by sending requests to participants who are relevant in terms of competencies. At the same time, participants not only “vote” with their tokens for / against but also indicate whether they want to participate in the project and how.
If an agent is ready to participate in solving a problem he or she indicates the time and cost of the execution of a part of the task (in system tokens). This mechanism will play a role in the selection of specialized agents. Each “vote” has its own weight coefficient depending on the rating of the participant according to the necessary competence. Upon reaching a certain threshold of the collected tc0 tokens a project-tc1 token is issued and a team of executors is assembled. The project gets into the tracker and the collected tokens are frozen.
Depending on the submitted proposals for participation and the availability of competencies in the entire community of the platform AIS sets (calculates) how many tokens are ready to “pay” for each vacant position. If the necessary competence is not inside the platform or it is “expensive” a request is issued outside. When finding candidates a proposal is made in tc0, tc0 + tc1 (if successful) or money. This is how Scale Network Team is formed.
Funding for the project is formed from the “frozen” tokens, which goes to WP, marketing, testing hypotheses, the necessary technical requirements, minimal research, drawing up a roadmap with funding stages. A stable team is subsequently formed.
Step 2. “Idea” changes its quality, becomes a startup and enters the platform for a new collection of the “core of the project”. At this stage, platform participants “invest” their tc0 tokens in a startup project after observing a team, WP, a roadmap, execution time and the amount of necessary funding for the stages of work. The first voters have an opportunity to leave.
Funding (and arbitration) of the subsequent stages of development takes place upon validation by the “project core” and the decision to push the project outside the platform perimeter (ico) also takes the “project core” based on maximizing its profit. (the lifetime of the project on the platform is limited by the volume of tokens collected by the core).
Step 3. After deciding to make ico, the project enters the pre-ico board where any platform participants can invest their tokens.
At the initial stage of Virus the lifetime of the project on the platform will be short due to the small number of participants and limited funding. So the platform will push SNT with a little elaboration of the roadmap. An ICO will be considered successful if the amount of fiat money received from the placement is equal to or more than the platform spent on the project.
In the Virus project ico which will block funding in tc0 tokens transferred to money at the exchange rate will be successful.
After ico reward recalculation takes place for all participants who are active in this project. The participant account in the tc0 platform tokens is recalculated. Tc1 project tokens are calculated according the stage and activity at this stage. These tokens can be sold in fiat (see Math Flow).
The fund is filled through the sale of tc0 platform tokens and the transfer commission. In development the system (Fund) can regulate its participation in projects under development and receive a share changing the flow coefficient.
The same mechanics with minor changes will be valid for complex technological projects. In these projects there are no unqualified participants and the weight of the “vote” of the participant (agent) is calculated according to his proven competence and experience in the implementation of such parts of the projects. The system introduces a “risk rating” which reflects the risk of the agent who does fulfill the project obligations. When forming an SNT for a project not only costs, time, IP compatibility, but also this rating is taken into account. Generally speaking, the system calculates the “risk rating” of the entire SNT (after final formation) and in the second stage the “project core” can choose one or another team. (This is even more relevant when creating new technologies with long-term financing) (see The concept of small groups).
At the initial stage of the project (few participants), when forming a team at stages 1.2, there is informing of the external circle to attract the necessary specialists and groups as experts or as active participants (for tc0 + tc1 or money). In this case, the main funding of the project will be at the expense of companies that are interested in this technological innovation (future consumers of the ico product). Most likely such specialists or groups already work in such companies. Therefore, companies will be interested in getting their own representative in the future ico, in order to monitor the development of the project and reduce the risk of investment loss. This mechanism will accelerate community building. The arbitration takes over the “core of the project” (the weighting coefficients of the “vote” are set according to a specific rating according to the situation).
At each stage various agents (or their roles) actively participate:
Step 1 - customer-initiator, specialists, experts, analysts, enthusiasts
Step 2 - specialized companies, risky investors, business angels
Step 3 - interested companies, investors, integrators.
In order to make the Virus project work in full capacity to attract more and more new participants as a virus, it is necessary to work out all the algorithms and technological units described in the concept. Therefore, it was decided to develop a product for universities (HiVox) with much lower costs and agents are more loyal.