Intergritee is a scalable public blockchain solution for securely processing sensitive business or personal data.
Intergritee enables developers and firms to create decentralized data-driven apps and services that can securely process sensitive data, without revealing it on chain. Platform combines the trust of blockchain with the confidentiality of off-chain, trusted execution environments (TEEs).
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Token: TEER
Hard-cap token supply at genesis: 10 million TEER
Token Generation Event (TGE): Planned before the end of 2021
Integritee uses
Token Burn Mechanism:
A portion of the fees paid to the treasury for each transaction will be burned. This will have a deflationary effect, reducing the supply and thereby driving growth in the value of TEER, other factors being equal.
Lockdrop Mechanism:
Third-party developers can use our scalable, second-layer side chains to host their projects. Integritee will offer proportional discounts in fees to projects which lock in TEER on the Integritee parachain. This will slow down token velocity, further stimulating token value.
Reward pool: 1 million
Reward ratio = Your KSM contribution / Total KSM contribution x 1,000,000 TEER
Vesting: TEER will be vested linearly during the 48-week lease period, starting shortly after winning a slot.
In case of not winning a parachain: Integritee will continue to bid in subsequent auctions until it has won a lease, or until the end of our crowdloan campaign. If that happens all KSM tokens will be released to their owners.
