Categories
Crypto

Trias Crypto Coin

What is the Trias Token?

Trias is an all-platform-supported public chain system. It is a decentralized trusted cloud infrastructure designed for general-purpose, all-scale, and enterprise-ready applications. 

It aims to fuel B2B businesses worldwide with its enterprise solutions and products. Its sustainable token economy has been designed by a team with top academic and industrial backgrounds. 

Trias was founded by Dr Anbang Ruan. With a Ph.D. degree in Computer Science from the University of Oxford, Ruan now has a dedicated team of over 70 members. The team has extensive knowledge of the technology upon which Trias was built. Many members have top degrees from the world’s most renowned universities, including Oxford, Peking University, and the London School of Economics. 

Others bring strong work experience from working for firms such as Oracle, Alibaba, China Aerospace, Intel, and The Bank of Canada. (2)

What is Trias, and What Does It Do?

TRIAS is an abbreviation of ‘Trustworthy and Reliable Intelligent Autonomous Systems.’ The idea behind it is to build a reliable and trustworthy computer infrastructure to solve ‘Trust Issues’ within software and systems. 

The Need for Trias in Untrustworthy Machines

Technology is used in everyday life across the globe. Without it, many of us would not be able to work or communicate.  We trust computing devices with sensitive information hoping that they will be safe. Let’s take a look at some examples of untrusted machines. 

We use machines to detect serious illnesses and even operate on humans. But what if the robotic arm performing major surgery gets out of control? Or perhaps leaks personal information?

Many jobs rely on technology to run a whole organization. But what if this were to be tampered with or, again, leaked an entire database of sensitive information?

Another example is the use of mobile phone apps. Millions of users download and store information in mobile phone apps every day. However, this can lead to an invasion of personal data and leaks. 

The focus of Trias is to prevent the above from happening by rooting out this untrustworthy and malicious activity. 

Trias Ecosystem

Trias was created with three layers; Leviatom, Prometh, and Magcarta. 

Leviatom

This is an amalgamation of TEEs (Trusted Execution Environments) and Heterogeneous Consensus Graph. The latter is similar to DAGs or Hashgraph and is a graph computing algorithm. 

Each node in this Heterogeneous Consensus Graph or HCG keeps tabs on one another and roots out the most trustworthy ones that are then selected to update information. 

Prometh

This helps to achieve traceable and verifiable general-purpose software development.

This layer ensures that the software is following the rules and essentially ‘doing what it is told.’ Dapps built for finance or insurance have to have rigorous security and auditing programmed into them before they are launched. 

Prometh enters at the stage where the code has entered the blockchain, ready to be checked. This layer breaks down the code into smaller bites, and the trustworthy nodes can finely comb through the details. 

This is vital for retailers and customers. Any node that seems to approve of suspicious activity is booted from the verification, and the reliable nodes are rewarded for their efforts. 

MagCarta

This layer offers a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise Dapps.

In essence, MagCarta is essentially a contract layer that ties the economy together. Dapps that are supported by Prometh and Leviatom layers can interact through the use of MagCarta smart contracts. 

Token Economy

Each layer has token economics, which is as follows:

Leviatom Tokenomics

This layer encourages the use of computing devices. Operators may gain rewards from acting as executors, disseminators, or monitors. 

Prometh Tokenomics

This layer helps to identify suspicious activity or behavior. Rewards can be gained by builders, developers, or security checkers.

Magcarta Tokenomics

This layer promotes trust within the open-source community by using profit-sharing pools and buyback pools to reward users, share the profits. It also promotes a sustainable economy.

What is The Trias Token?

With a total supply of 10,000,000 and 1.6 million in circulation, the Trias Token is currently at $8.85 in price (3) with 1550 holders (4). So what is it used for, and why do we need it? 

The TRIAS token can be utilized on the three levels discussed above. All of which have a huge demand for different purposes. 

With Trias, there are two different types of staking known as the franchisee-franchisor model and the Staking Auction Model. Luckily for you, we will take a look at each model. 

Franchisee-franchisor Model

Potential developers and organizations that want to use the Trias model will essentially have to stake Trias to use the platforms and services it offers. 

The more layers the developer or organization chooses to use, the more stake they will have to have in the Trias model. This, in turn, will create a high demand for TRIAS as more businesses use its services or platforms. (5)

Staking Auction Model

This is for regular investors who want to stake their Trias in projects and earn rewards. 

The system is fair and does not necessarily perceive higher-revenue generating projects ‘better’ than those not generating as much profit. The reward will also be given to those with less Trias staked from retail to offset any bias. (6

Burning Trias Tokens

Trias tokens generated by any platform or service that use any layer of the Trias model are burned, which seems like a lot considering there is a total supply of just 10,000,000. 

The token is available on both Ethereum (ERC20) and Binance Smart Chain (BEP20). This is promising for Trias as Binance Smart Chain (BSC) seems to have grown in popularity compared to Ethereum. 

This could be down to its cheap fees and quick transactions when compared to Ethereum, which as of late has been rendered quite unusable to the average retail user.

Conclusion

Trias is an all-platform-supported public chain system that focuses on solving trust issues in implemented software and systems. The three-layer ecosystem provides a concrete base for securing systems from malicious activity. 

Trias tokens can be used to stake models that use the Trias technology. Regular investors may also use them to stake Trias projects. 

According to predictions, the coin has a promising future, and Trias, in general, has an optimistic future when we look at the technology behind it. 

Leave a Reply