Smart Tokens on Blockchain

A blockchain is a ledger of records arranged in data batches called blocks that use cryptographic validation to link themselves together. Put simply, each block references and identifies the previous block by a hashing function, forming an unbroken chain, hence the name.

Following the launch of Bitcoin, dozens of vigorous tech startups have vied with each other to produce the Next Big Thing in blockchain-based cryptocurrency, the latest is Ethereum.

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized application using Smart Contract.

There is particular novel method used for the price-discovery. It is completely based on Connector Weight which is set by the creator of smart token. It is used for every Connector token. It is also used in price calculation. This particular calculation aims to keep the constant ration between smart token market cap and Connector token balance. There is a certain condition that triggers the price increase and decrease of smart token. Price rises with every purchase and falls with every liquidation.

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