What were the terms of the token sale?
You can read our token sale recap here.
- Token sale date: February 21st
- Whitelist date: Opens Feb 8th (KYC required).
- Token distribution: Our community voted to extend token transferability to a strategic time
- Who was able to participate in the Token sale? Everyone except for residents in the United States, China, Hong Kong, Iran, Cuba, and North Korea.
- How many tokens were created? 1 billion.
- Was there a private presale? Yes, all presale investors received the same terms: 40% token bonus with a 4 month lock on 50% of tokens.
- Was there a minimum or maximum cap for the Token sale? Minimum: .01 ETH, Maximum: 1 ETH
- What was the price per token for the Token sale? Presale: $0.06 per token, Public sale: $.084 per token
- Was a portion of the tokens reserved? You can find the break down here.
- Was there an airdrop? Yup. https://dock.io/airdrop
Do you have a minimum viable product?
Yup! Join app.dock.io! You can even earn tokens by helping grow the network.
How is the token (DOCK) be used?
- 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
Why is a token necessary?
The DOCK token allows us to provide a decentralized governance, as the token prevents spam or gaming of the network, as well as rewarding validated participation. The DOCK token also provides further decentralization by using voting to introduce new proposals and vote on the future of DOCK development.
How will this help people?
The dock protocol will empower people all over the world to become more successful on the web and truly own their information. All information about a person can now be connected across the web seamlessly at the full control of the user. Earning a credential, updating a work experience, adding a connection — all of these pieces of information can be updated seamlessly across the web, with complete control of data. This is currently not possible as platforms restrict access to your information — the dock protocol will change this.
What is the state of development?
Our team has been building solutions in this space for several years, which gives us a big advantage. We are making excellent progress on the dock protocol.
The dock app was deployed in early January 2018. The dock app is one of many apps living in the ecosystem and an early catalyst for large scale user adoption.
A complete roadmap can be viewed here.
How will the dock protocol manage my data?
All data is by default encrypted and only decrypted by the parties exchanging the data. The user is the only one with ability to access or decrypt data to share it with applications, unless they authorize an application to have this ability.
Data is stored off-chain via the IPFS Network and accessed through a hash. This decision was made to avoid congestion of the Ethereum network and to provide a more scalable solution.
What type of apps will be integrated with the dock protocol?
The dock protocol is extendible beyond apps that exist today, and will be used for many new platforms in the future. Common use cases today are:
- Professional and social networks: connections and contacts are the core of the network
- Job boards: job applications require resume/cv data
- Freelance marketplaces: job history and reviews dictate hires
- Application tracking systems: job seeker information is collected and served to companies hiring through these platforms
- HR solutions: employee information is standard across these apps
- eLearning platforms: any site you can complete a course, certificate or skill assessment.