Fabric Token Transforming ideas into DApps

März 02, 2018

Fabric Token Transforming ideas into DApps

The Fabric Token ecosystem will empower individuals and businesses with easy access to blockchain technology and smart contracts thus allowing virtually anyone to participate, in one way or another, in building a decentralized and trustworthy world.

About Fabric Token

Blockchain technology, currently the underlying architecture of most cryptocurrencies, allows the automatic processing of online operations in a decentralized non-mediated manner via smart contracts. On the grand scale, smart contracts can easily and phenomenally improve the current efficiency of online relationships in terms of speed, security, and cost, while also reducing complexity. However, adopting blockchain technology and smart contracts is currently a challenging task due to several integral problems, namely comprehensibility, resource allocation, and smart contract development, among others. The solution proposed herein is the Fabric Token ecosystem, which will allow users and businesses to easily adopt blockchain technology and smart contracts and will consist of four main components. The first component we propose is the Fabric Token itself, which will be used as a functional utility to pay for products and services within the ecosystem. The second is TokenGen, a user-friendly platform used to generate smart contracts for the token economy. The third is DApp Workbench – an all-in-one solution for businesses looking to integrate blockchain technology and smart contracts into their business process management. The last component will be the Fabric Store, a decentralized marketplace for smart contract components, which will allow third-party developers to further expand the functionality scope of the Fabric Token ecosystem. We see Fabric Token and its associated technologies as a fundamental part of the future mainstream adoption of blockchain and smart contracts, ultimately allowing people of any means and any background to play their part in building a decentralized world.

TOKEN FABRIC SOLUTION
The solution to the problems listed above is the Token Token ecosystem, which consists of four main components - Token Kain itself, TokenGen, DApp Workbench, and Fabric Store.

FABRIC TOKEN

Utility payments in the FT ecosystem. One of the fundamental parts of the FT ecosystem is the Token Kain itself. This will be used as a utility to pay for products and services within the platform. For example, if someone wants to generate smart contract token and fundraiser for their project, in the end, they will have to pay a small fee for the Fabric Token in order to gain access to their code.
In addition, Token Kain will be used as a digital asset to be exchanged between third-party developers and users in Fabric Stores. The main idea behind the Fabric Token is that, unlike the more popular crypto, its value depends only on the performance and growth of the FT ecosystem, not on other external factors.

FABRIC STORE

The market is decentralized for smart contract components. The Fabric Store will allow third-party developers to get tokens and build their reputation by completing TokenGen and DApp Workbench with custom-made software components. Strictly digital, this will provide an advantageous opportunity for talented programmers, while helping the FT ecosystem develop and provide more possibilities for businesses and individuals.
The market will embrace decentralized and irreversible dismissal properties by storing data, ensuring fair product reviews that can not be tampered with, and protect sellers from payback scams, a common issue in traditional online stores.

TOKEN GEN

A simple web app for smart contract generation. TokenGen will allow users to generate smart contracts for their tokens and fundraising by going through a simple step-by-step process - choosing token and fundraising functions, filling out details like name and symbol marks, paying FT, before finally getting fully tested and securing code smart contract as specified by the user.
The smart contracts generated by TokenGen will be fully editable if the user needs to add custom functionality. TokenGen also provides in-depth documentation of all smart contract templates, including the guides included with the code, making it easier, if necessary, to edit something in the future.

DApp Workbench

The business application platform for incorporating smart contracts and blockchain into BPM.
DApp Workbench will help organizations develop smart contracts through business process modeling. The application features a drag-and-drop interface, which will make use of the BPMN 2.0 standard, enabling the import and reuse of diagrams created using other BPMN-compatible tools.
A subset of the BPMN specification and pre-defined smart contract components will allow the creation of fully automated workflows for various blockchain technologies, including, but not limited to, Ethereum and Hyperledger Fabric. DApp Workbench will enable all the steps of development of automated business processes starting from design, compilation and testing through deployment, monitoring and decommission of workflows on the blockchain.

Token FT

Price 1 FT = 0.1125 USD

Platform Ethereum

Accepting ETH

Hard cap 9,000,000 USD

Country Estonia

Whitelist/KYC KYC & Whitelist

Restricted areas USA, China, Singapore

Token Distribution

80% will be available for sale to the general public.
12% will go to the Fabric Token core team and will be released after 12months.
7% will be allocated to advisors and released after 6 months.
1% will be used for the bounty program.

Budget Allocation

Product Development: 55% of the budget – allocated to the core Fabric Token team. This financing will allow the development of the DApp Workbench product, including the necessary adjustments and improvements to the already existing TokenGen tool.
Marketing: 14% of the budget allocated for expanding awareness and adoption of the Fabric Token ecosystem.
Contractors: 11% of the budget allocated for third-party service providers offering engineering, marketing, growth hacking,PR,partnerships, and other necessary services.
Legal: 9% of the budget allocated for legal costs.
Contingency: 6% of the budget allocated for unforeseen costs.
Administration: 5% of the budget allocated for security, accounting and other associated administration costs

ROADMAP.

Sep, 2017 Started Development on TokenGen, Currently the UI and beta functionality, featuring a total of 6 smart contract templates extending the basic token and fundraiser functionality, are both fully operational. The tool will be available to users as soon as the Fabric Token launch is ﬁnalized.
Oct, 2017 Started Development on DApp Workbench, Extensively tested and ultimately determined the software architecture, technology stack, supported blockchains, and modeling notation for the BPM.
Feb, 2018 TokenGen 1.0, Includes fully functioning web application for token and fundraiser smart contracts generation.
Apr, 2018 TokenGen 2.0, Additional smart contract templates added for both token and fundraiser functionality.
Jul, 2018 DApp Workbench Public Beta, Includes the fully functioning DApp Workbench desktop application as well as cloud with a limited set of smart contract components, which will be determined and publicized prior to the beta launch.
Sep, 2018 DApp Workbench 1.0, Extends the beta version of the software by signiﬁcantly expanding the smart contract components provided by DApp Workbench.
Oct, 2018 Fabric Store Development Start, Initial code for the smart contracts of the project is written, optimized, tested, audited, and then deployed. Next, a UI to work with the smart contracts is developed.
Dec, 2018 Fabric Store Public Beta, Partly functional UI connected to the smart contracts of the Fabric Store is open to the public for testing purposes.
Feb, 2019 Fabric Store 1.0, The ﬁrst fully operational decentralized marketplace for smart contract components is oﬃcially released thus allowing third-party developers to further improve the performance of our vanilla projects and expand the adoption of the Fabric Token ecosystem.
2019+ Further Improving The Fabric Token Ecosystem, Further improvements to the Fabric Token ecosystem mainly focused on expanding the functionality scope covered by the smart contract components making the products accessible to an ever-growing group of users and businesses.