UltronGlow economic model — — Casting of tokens

The design of the economic model model is very important to the public chain. A good economic model can not only maximize the incentive effect, but also avoid the tragedy of the commons. Let’s get to know the UltronGlow economic model——Casting of tokens：

The casting methods of UTG’s token is very different from the current blockchain. The traditional blockchain token casting is gradually reduced over time by ways of bookkeeping rewards.

In UltronGlow, our goal is to get real-world services up on the blockchain and to complete the value conversion. Therefore, the bookkeeping reward is only one of the methods to cast UTG, and more important methods are casting based on consensus of PoSR and PoTS, which let the actual service be converted into a digital asset on the blockchain: UTG by ways of storage resources and effective storage. Therefore, different consensus also determines the corresponding casting methods and quantity:

All UTG cast by the three consensuses will be locked up for 30 days and then released by 180 antennas,which avoid damage to the UltronGlow network caused by early profiters leaving the market prematurely and protect the interests of nodes that joined in later.