The dock.io protocol is a decentralized data exchange protocol, intended to incentivize the exchange of shareable personal data, with a focus on professional information such as work experience, connections, and reviews. Dock.io is poised to disrupt the space of centralized professional networks such as LinkedIn, Upwork, or Glassdoor, and the fragmented user experience they provide, by enabling users to have control over their data and share it easily across applications, without being bound to any particular platform. Using the dock.io app, users will input signed and verified content and choose where it, as well as data received from other platforms in their name, is shared. Applications will be required to pay other applications with tokens in order to access their user based data. Only applications, not users, will be monetarily incentivized to share data; users will benefit from having control over their data. Dock.io is developed by Remote.com, a platform that connects professionals with remote and freelance jobs using artificial intelligence, with over 2 million users. Integration of dock.io with Remote.com (as well as additional unspecified partners) is planned for Q2-2018.
- Token holders can introduce new proposals and vote on the future development roadmap of the protocol
Govern data transfer:
- Tokens are required for applications to pull data from the protocol
- Tokens are rewarded when applications push data to the protocol, and the data is accepted by other applications in the network
- Tokens will be burned when multiple platforms request the same data
No, 1 billion is the max that will ever be created.
Apps are paid each time data is accessed, by the first app who accessed the data/update. If additional apps access the same data/update, those fees are burned. We made this decision to avoid one or two apps in the network controlling large quantities of tokens due to being large data providers (avoids potentially monopolies?).
There are no platform fees or rent extraction. The company does not have a revenue model and is funded via the token sale, as well as the 10% reserve for future use. We made this decision to avoid another project forking ours and removing fees to create competition against our project.
We’ve raised $12 million through our presale and were heavily oversubscribed. Having one of the largest and fastest growing communities in crypto, combined with a moderate max cap target gives us a very high likelihood of reaching our $20 million target.
Pleas view our blog about this here.
We do not. As discussed in our whitepaper, our plan is to use the Ethereum network and if we do run into scaling issues which are not solved by Ethereum roadmap upgrades we will transition to a standalone chain.
Users do not have any interaction with gas fees in regards to data exchange in the dock.io protocol. Applications are responsible for abstracting this from the user experience entirely.
We have a program called “Earn” in the App (app.dock.io), which rewards users for contributing to the network. Currently users can earn tokens for inviting friends to the network, which helps with early network growth. We plan to continue and expand these efforts until we reach a substantial user base into the tens of millions.
We work with two of the top law firms in the US, as well as a top four accounting firm in the world to ensure we are doing everything we can to be compliant. We use SAFT’s or presale investors, KYC for every investor, and we are preventing a few regions from participating. We have have a legal memo regarding utility. At the time of token distribution, the network will be live with the full voting utility.