Aiming at providing a massive scale for generation and use of cryptocurrencies, we divide the process of the latter’s creation into two fundamentally different processes: first, mining as the technological process cryptographic blocks generation, too complicated for most people to understand; and second, digging as the activity which is meaningful and comprehensible for the general public, forming foundation for generation of tokens and awarding them to people according to the results of their operations.
The essence of our concept and Virtonomic$ platform can be summed up in a simple formula:
CRYPTOCURRENCY = BLOCK MINING + RESULTS OF PURPOSEFUL HUMAN ACTIVITIES, UNDERSTOOD BY AND COMMON TO A LARGE NUMBER OF PEOPLE
We leave block mining to professional and industrial miners and use the produced Ethereum cryptographic blocks as the technological foundation for creation of VICoin cryptocurrency while enabling the bulk of users earning cryptocurrency by purposeful and meaningful actions that are by far more familiar to them. In the context of our project, we refer to such activities as “digging”. What makes us consider the implementation of this principle to be important for the active and largescale development of the cryptocurrency market? For instance, the total number of people with even superfluous knowledge of blockchain technologies, mining, cryptocurrencies and their mode of operation accounts for no more than 0.01% of the global population, while the share of people having at least a general idea of economy, business, management and entrepreneurship stands at 20%.
To make blockchain technologies and cryptocurrencies truly large-scale, one needs to give people mechanisms of earning cryptocurrencies by means of a process that is much more familiar and understandable.
SO A TRULY MASSIVE-SCALE CRYPTOCURRENCY IS THE COOPERATION OF MINERS AND DIGGERS!
- We build an ecosystem that will enable anyone with basic knowledge of economy, management and entrepreneurship to become a digger who applying and capitalizing on own expertise and skills in order to earn cryptocurrency in a multiuser global business simulator that emulates macro- and micro economical processes along with the interaction of economic agents.
- We develop an ecosystem of a virtual economy where one can get a return on his investments in the virtual company assets, generating the “fuel” for the cryptocurrency without burning away megawatts of electricity, buying tons of expensive hardware and video cards, or renting space for mining farms. More than that, it will allow direct capitalization on one’s intellectual capabilities, management skills, labor and time spent on the creation and development of a virtual economy.
- In such ecosystem of a virtual economy, everyone can create and run his own company, invest all available capital in its development and gain convertible cryptocurrency from the investments.
- We create an ecosystem of an alternative economy where the owner and head of a large virtual company generating a sufficient amount of cryptocurrency can hire other people, regardless of their location in order to help managing and scaling up the enterprise, and pay them in cryptocurrency.
