Token economy (TUR)
TUR is a useful token of the Turing Network and its economic fuel. The Turing Network (TUR) will be launched as the OAK Canary network and will be an important step towards creating a Web 3.0 center for automated DeFi applications and payments.
"Our team strives to unlock event-driven transactions in the blockchain, allowing users to create individual automation on the network, which is impossible today," the developers said in a statement. Turing Network will provide innovative automation functionality for Kusama parachains in a secure, reliable and scalable manner"
Tokenomics (TUR)
1 billion TUR coins will be distributed within 3 years
The initial volume will be 4.8%(480.000)
Two months later, due to the burning of tokens, TUR will become slightly deflationary, for which we give it a + (since inflation will not bring the token to the bottom)
The distribution of tokens will look like this:
• 16% will go to the team. The distribution period is 36 months (3 years), coins will be credited every half a year, that is, 6, 12, 18, 24, etc.
• 8% to early investors. The distribution period is 24 months (2 years), tokens will also be credited every half a year
• 5% of the initial security fund. The vesting period is 3 months, then it will be distributed during the first few months after the launch of the Turing Network
• 16% reward for crowdfunding (collecting money from the community in support of the project). The distribution period is 12 months. 30% of tokens will be distributed, the remaining 70% will be issued in 4, 8, 12 months
• 15% incentives for developers to accelerate the implementation of projects and platforms among developers through various programs such as open grants, bug bounties and hackathons. The distribution period is 36 months. they will be minted every month and issued as tokens are received in growth initiatives
• 15% of the tokens will go to the project ecosystem. The westing period is 36 months, will be minted every month and issued as tokens are received in
• 10% growth initiatives for strategic partnership, the westing period is 24 months. then they will be minted every month and distributed as partners are attracted
• 10% on the DAO community. The distribution period is 24 months, will be issued every 6 months
• 5% will be reserved for future Kusama blockchain slots. The distribution period is 24 months, will be minted and evenly issued at 6 and 18 months
Inflation depends on a fixed inflation rate of 5% divided into 3 components:
1% is used to reward the collector
1.5% is used for subsequent Parachain slots
This inflationary force will be constant throughout the life of the network, except for the first 2 months. In addition, this will be balanced by reducing transaction fees, which are expected to lead to a slight deflation of the token over time.
Due to the adaptation of OAK network collators, no remuneration for bets and the collator will be provided during the first 2 months. Thus, inflation will not be activated for the first 2 months after the launch of TUR.
• Rebranding of the OAK website Design
• Kusama crowdloan for the Turing (TUR) parachain network
• Launch of the Neumann Test Network (Testnet)
Neumann is a version of parachain called “OAK Testnet" in the PolkadotJS app
• Adaptation of community collators (nodes that prepare blocks for signature to validators to reduce their load and thereby helping to increase throughput) (closed set) to the Neumann test network
• Event Registry (Event VM): Development and testing of the basic event data structure based on time
• Implementation of missed events: processing of missed tasks for a given time interval
• Triggers: time
• Actions: Sending events and transactions from wallet to wallet for NEU
• Blockchain SDK for Developers (JS)
• Turing Automation dApps Applications: Transparency of end-user transactions
• Integration of DEX with the selected partner
• Integration of crop production with the selected partner (for example, adjustment of combined yield strategies based on personal risk profiles)
• Wallet integration with the selected partner
• Launch of the Turing Network (Kusama Parachain)
• Adding additional analyzers to Neumann and Turing networks
• Time specifics: a detailed definition of when the task should be started and with what delay
• HRMP channels for selecting partners
• Trial project of private automated tasks
• Triggers: price, XCMP events
• Actions: repeated actions, transfer of assets along the chain, limit order, stop loss orders
• Polkadot crowdloan app for OAK
• Average cost in dollars with selected partners
• Portfolio and other DApp integrations with additional partners for Turing
• The Turing network is fully decentralized
• Integration of EVM with the selected partner
• Optimization of automation fees
• Pilot's insurance premiums (trial version)
• Pilot (trial) project for the refund of funds
• Optimization of node infrastructure performance
• Security and technical audits
• Customizable triggers for consumers and developers
Triggers: Smart Contracts
Actions: smart contracts
• DApplets Marketplace: An online marketplace where creators can submit automation applications and consumers can choose to use them, similar to IFTTT
• Launch of the OAK Network
Customizable triggers for consumers and developers
Triggers: external data feed (weather, etc.)
Actions: Actions in the field of the Internet of Things
