THELOGICALINDIAN - In the latest amend on Bitcoin Talk Creditbit has discussedProof of TrustPawn which is one of the amount attributes of approaching CreditBit badge one of the three minting processes for the token
There will be two modes of tokens beneath the Proof of Trust/Pawn locking mechanism.
Each wallet or anniversary accessible abode will accept two balances. The two balances both will accord to this aforementioned accessible address. The aboriginal antithesis would be of communicable tokens, agnate to added currencies.
The additional antithesis will be of “locked” tokens that are not transferable. Antithesis will be the sum of several batches of tokens, anniversary bound for a altered aeon of time. After the accomplishment of a locking period, anniversary accumulation of ahead bound tokens is confused to first, communicable balance.
The ‘Lock’ on the accumulation of tokens is an account by itself. Lock can alone be created accurate entities, that in convenance represents administration mechanisms or CreditBit DAO alignment and with a above-mentioned accord of tokens owner.
It depends on the buyer to lock those tokens for a predefined aeon of time in case they access a administration or voting apparatus with predefined accumulation of tokens.
In added words: if an buyer of tokens wants new tokens or wants to vote, he/she has to lock a assertive bulk of his tokens and appropriately appearance his assurance in the Community. Locked tokens are not lost, alone their transferability is belted for a assertive time period.
The abstraction abaft locking the tokens for months or alike for a anniversary is about assuming account and assurance in the community.
Bounties for developers and promoters will be paid out in bound tokens.
Same assumption will be in aftereffect for voting in CreditBit DAO. In adjustment to participate in DAO voting, owners will accept to lock assertive bulk of tokens.
