iN8 Lite Paper

leer en espanol in8 lite paper espanol docid\ ouxalldeg 5o4zwb4kf0q v 1 13 25 innate a manifesto being born human carrying a core set of innate abilities capable of genius equipped with the innate power of creativity, strategy, communication, altruism and reasoning, to name a few capable of anything limitless autonomous relentless and resilient yet trapped in a man made world order, distracted by politicized pop culture consumed by our own technological creations, manipulated by our own content within tiny prints of perpetual consent capable of organizing, but yet feeding a broken system with our own actions and inactions with our silent embrace of new norms, and new technologies conveniently run by the few that profit it all based on models trained on our data funded by leveraging our engagement yet, we earn nothing, yet we have no say, yet we get no bonus while that same ai, trained and funded by us, the people; takes our place in the workplace leaving us in the economic void of low income consumerism, which by its turn silences our dreams, robs us from our innate freedoms and takes away our ability to think for ourselves long enough to find the obvious solutions and rise above so one can’t stop to wonder, if so much depends on us, why can’t we just turn the table? why can’t we just organize, redirect the engagement, redefine the value, and reclaim the power of our data, expanding the positioning of the users and the holders of the stakes on data tech and disrupt the status quo? we say we can we decided we will and we are just getting started in8 is a people first tech solution it’s the blueprint of a global tech uprising, led by powerful global communities, powered by a decentralized business model decentralized from its core and through all its layers with one single goal develop an ecosystem that financially fuels freedom in a massive global scale, impacting key segments of society, stacking the value of our innate abilities and delivering our innate rights to live a life of no man made constraints, resetting corporate centric economic norms and giving space to people centric technologic solutions giving back people the power over their data, the value of their time, the profitability of their engagement and now that you know, will you join us? about in8 in8 is an ecosystem of interlinked businesses that together, create a powerful symmetry producing self sustainability and the ability to foster decentralization in8 blends data technology, hardware and software development, p2p sales and marketing solutions specializing in innovative technology models targeting to reshape the socio economic landscape of the data industry through not only open source technologies but also through inclusive and collaborative business strategies the in8 dao the decentralization movement is the future, and it’s a movement happening on many fronts it presents a powerful vision for a more inclusive and financially rewarding future where people are empowered to be participants in a decentralized digital economy rather than mere consumers on a rigged financial system in8 is the tokenization of that vision a token adopted and utilized by key segments of the global population entrepreneurs, developers, influencers and data users the token syncs that robust community with in8’s complex ecosystem of products and services across industries through tying a comprehensive business portfolio to the in8 rewards program, in8 is positioned at a great intersection of some of the most powerful and profitable industries on the planet, aiming to give in8 members and early adopters of blockchain technology new opportunities to participate in those industries as a part of that initiative, the in8 dao was created, a global sales, marketing & media company, governed by a decentralized autonomous organization, the in8 dao establishes not only an international business collective backed by a network of entrepreneurs but also owned by a registered d a o becoming the first ever company of its kind, with the collective goal of creating massive global impact the industry at a glance in8 network is positioned in the intersection of key global industries, the direct selling industry was valued at 200 1 billion usd in 2022 and is expected to grow to 322 7 billion usd over the next 10 years the data technology and cloud computing industries are experiencing robust growth, reflecting their critical role in the digital economy as of 2022, the data technology industry was valued at approximately 180 billion usd and is projected to reach 300 billion usd by 2032, with an annual growth rate of 5 8% (source datainsights com) similarly, the cloud computing industry, valued at 400 billion usd in 2022, is expected to surge to 800 billion usd by 2032, growing at an annual rate of 7 2% (source cloudindustrystats com) these industries are driven by the rapid adoption of advanced technologies such as artificial intelligence, machine learning, and big data analytics, highlighting the global shift towards digital transformation and technological advancement get involved with in8 in8 was born from the idea that we are meant to live true to our innate potential that it is our innate right to build the lives we envision and that our innate desire for greatness, for freedom and for unity, are meant to be fulfilled the mission of in8 is to create a movement, build a community, and develop a system that enables that freedom, that catalyzes that greatness and that creates that unity the in8 dao project, is a global decentralized rewards program in sync with the entire in8 ecosystem in support of the in8 tokenomics a portion of the dao revenue in combination with a portion of in8 technologies and in8 labs revenues has been allocated to the in8 dao and is used to purchase in8 token on secondary markets and burn that token, removing it from circulation in8 dao seats membership in the in8 dao is represented by an in8 nft the nft allows the owner the opportunity to partipcate and influence the direction of the dao through voting proposals the nft owner will also be afforded the opportunity receive reward distributions in the form of in8 project tokens at the launch of the in8 project, 21,000 nfts, all nfts are required to be minted and staked in the dapp a minting fee of $10 per nft is required to mint nfts once minted, project nfts will only be available for purchase through peer to peer or third party digital asset marketplaces reward distributions to nft owners will begin october 18, 2024 dao membership class in8 dao is divided into two (2) classes each class has distinct benefits and voting rights as listed below dao members responsibilities a dao member in this unique ecosystem has a variety of responsibilities, and it’s important that users take on these roles to support the decentralization of each layer of the project in8 dao members should spread the word about ecosystem projects and share this ecosystem with everyone, inviting family and friends to participate list the tokens on a decentralized exchange (see the “pairings” paragraph under the “tokenomics section) support the project by adding liquidity, deciding the best time to add more tokens into the market and when to hold back circulation instead sell in8 nfts on secondary marketplaces or pass them forward by burning them through the give back feature, which allows another user to mint an in8 nft actively participate in dao governing events and meet minimum organizational engagement thresholds; to be eligible for reward distributions this is an ecosystem in the hands of its users, and upholding these responsibilities is the best way that an in8 dao member can maintain and contribute to the success of the in8 project proof of governance (pog) the proof of governance model is a critical element in ensuring that in8 dao remains a compliant, transparent, and community driven organization by requiring active participation from all members, we foster an environment where members are not only rewarded for their efforts but also have a voice in the direction of the organization this governance structure empowers in8 dao members to drive innovation, contribute to the development of in8’s products and services, and help ensure the long term success of the ecosystem by participating in the proof of governance process, each member plays an important role in shaping the future of the in8 dao and advancing the in8 network please read the full document and specifically the section called 'understanding & proof of governance’ which discusses ‘ the in8 dao app your proof of governance tool’ download the in8 dao app apple click here google click here further learning please read " how to earn your 50 dao points " reward distribution staking distribution algorithm in8 dao seats are eligible for reward distributions, the dao member must stake the nft in the in8 rewards dapp, in order to receive reward distributions once an in8 nft is staked and the member has met engagement threshold requirements, reward distributions will begin both the in8 nft and in8 project tokens operate on the binance smart chain (bsc bep 20) network rewards are distributed per second using the distribution algorithm detailed below members must manually “stake” their nft, in order to receive reward distributions accumulated reward distributions will be displayed by connecting a multi chain wallet compatible with walletconnect to the third party platform rewards will update in real time, allowing for collection at any time when rewards are collected, they will be moved to the connected wallet the reward distribution algorithm for the in8 project functions according to the equation on page 7 the in8 smart contract will not be locked this is to allow the in8 project to undergo a future network migration to an alternative layer 1 chain the circulating supply of in8 tokens is in the hands of the community (nft owners) and the open market, which means circulating project tokens will not go to project owners or developers who do not have nfts the responsibility of nft owners is to control the circulation of tokens, as well as maintaining a healthy rate of token burned, via all available methods in the tokenomics collecting rewards accumulated rewards can be collected (or withdrawn) at any time to the wallet the user has connected to the platform reward collection is subject to a collect fee of $1 usd, paid in usdt rewards can then be stored, exchanged for other tokens on third party digital asset exchanges, or used to make purchases on secondary markets there is no guarantee rewards will have any monetary value which is subject to many factors (most of which are out of in8’s control, such as buying and selling in the market) tokenomics tokenomics, also known as token economics, are the factors that determine how a cryptocurrency functions the in8 dao’s tokenomics, including reward distributions to dao members, are programmed into its smart contract the in8 project utilizes deflationary tokenomics dictating that the number of in8 tokens in the ecosystem will continue to decrease over time the tokenomics of the in8 project function using the following royalties generated by in8 will be used to purchase in8 tokens on secondary markets those tokens will then be burned annual burning, every 365 day interval the project will burn 10,000,000 (10m) tokens from the distribution pool a 10% transaction fee is applied to all transactions involving in8 token with the exception of exempted wallets (see transaction fees below) all 10% is sent to the burn wallet as programmed in the in8 project’s smart contract, only 100,000,000 in8 tokens (the max supply) will be available to be distributed all in8 tokens will be distributed through a staking distribution algorithm to in8 nfts that are staked and eligible for rewards project tokens are only available for purchase through peer to peer or third party digital asset exchanges the in8 circulating supply is in the hands of the dao (nft owners) and the open market, which means no circulating tokens go directly to in8 or developers who do not own nfts the responsibility of the dao nft owners is to control the circulation of tokens, as well as maintaining a healthy rate of token burn, via all available methods in the tokenomics annual project burns every 365 days the project development wallet will burn 10,000,000 (10m) tokens from the distribution pool, removing those tokens from circulation permanently burns for the in8 dao occur at a 365 day interval in the web3 space, the term “burn” refers to the process that reduces the supply of token , meaning nft owners receive a lower reward distribution rate after a burn this lower rate of reward distributions ensures that a token will follow a steady issuance rate until its maximum supply is eventually reached when a project undergoes a burn, secondary markets may react by buying or selling project tokens this change in third party buying and selling behavior may result in changes in the external market data of the token please note that burns for the in8 project happen 365 days after the previous burn due to calendar changes such as leap years, the exact calendar date of a halving may change over time however, it will always occur exactly 365 days after the previous halving the in8 project’s annual burns are different from, and in addition to, the periodic burn completed for the in8 project from its burn wallet an annual project burn only affects tokens in the distribution pool, and tokens already in circulation are not burned by the event founder class dividends founder class dividends are rewarded only to founder nft holders dividends earned are from the profits of the in8 network lld the profits are awarded to each nft holder in usdt bep20 dividends will be calculated on a quarterly basis the dividend is calculated by multiplying the number of founder nfts you own by the amount of the dividend paid so if you own 1,000 founder nft’s, and that company pays a dividend per nft of $0 68, you would be paid $668 dividends must be approved by a dao vote dividends will commonly be paid in usdt, however the dao can vote to rewards in the usdt equivient of in8 token pairing the in8 token is the cornerstone of the in8 ecosystem and serves as the primary utility token interconnected with other projects within the in8 brand the in8 token will be listed on a decentralized exchange by an “exchange listing committee” that will be formed once the dao is over 50% capacity please note that listing must be done by the members of the committee, not by in8 at such time the committee would like to list the in8 token for exchange, they must ensure that they have sufficient token for both listing and liquidity when listed, the token must be paired with the usdt (bep 20) fees transaction fees the in8 project has a 10% transaction fee this fee applies to all external transactions involving in8 tokens, including swaps, transfers, exchanges, and purchases the 10% fee is sent to a burn wallet where the token will be burned periodically tax exempt transactions in order to achieve utility as an internal currency in8 will exempt certain wallets from the 10% tax this will be done so a member or customer can utilize their token as a form of payment without being penalized the 10% collection fees every collection (withdrawal) requires a $1 collect fee, regardless of the quantity or external market value of the tokens at the time of collection this fee applies each time a user collects gas fees gas fees are required by blockchain networks for all network transactions blockchain transactions cannot be completed if a user does not have sufficient native blockchain token to pay the gas fee the in8 project runs on the binance smart chain network, which requires gas fees payable in bnb smart chain token all gas fees paid in bnb are dictated by and go directly to binance, not to in8 minting fees the fee to mint an nft is $10 usd once an nft is minted, it must be staked and eligible to receive reward distributions there is no fee to stake an nft additional fees may apply in8 token staking (locking) in the cryptocurrency industry, staking is a process by which individuals lock their cryptocurrency to support a blockchain project or network when a user stakes in8 token, they are agreeing not to sell, transfer, or otherwise use that staked token for a period of 12 months (365 days) staking is done through a smart contract, so staked in8 tokens cannot be unstaked until the contract releases the token after the 365 day period the token will be transferred to the staking contract and the user’s wallet will be the key to receive those staked in8 tokens back from the smart contract at the end of the term, but again, it cannot be used while staked by staking in8 token, users will be rewarded an additional ambassador class dao nft this additional nft is awarded the same rights and privileges as the orginal ambassador nft’s (i e token rewards and voting rights at the end of the 365 days the user will need to unstake the ambassador dao nft, once this is done the smart contract will release all staked token in8 token staking is not roi staking; there are no fees to stake or when the token is unstaked in8 brand royalties a percentage of the revenue generated by the in8 brand will be used each month to purchase in8 tokens through secondary markets the tokens purchased are sent to the burn wallet, removing them from circulation permanently it is important to know that royalties are only used to buy tokens on secondary markets and burn them, and that nft owners do not receive any portion of the royalties from the in8 project these royalties are one portion of the tokenomics of the in8 project; many other factors contribute to the tokenomics of the project (see the “tokenomics” section above for more details) in the diagram below shows the initial structure and relationship between the varios verticals of the in8 brand the in8 brand in8 network llc (to be converted to lld once approved by the state of utah ) in8 networks is the entity that the doa governs once the lld is approved by the state the 21,000 nft holders will be responsible for the ongoing business model and revenues in8 network llc has been “gifted” over seven figures of software and intellectual property that will serve has the foundation of the lld’s ability to sustainable growth the lld business model is p2p with the ability to adapt both digital and physical products into its marketplace for ongoing revenues a portion of these revenues will be allocated to the support of the in8 token in the form of a royalty, as described in previous paragraphs in8 tech llc in8 technologies llc is responsible for the sourcing and in the future manfuacturing of hardware for the in8 brand in8 technologies has been producing hardware compute and storage nodes that will create the in8 cloud a portion of these revenues will be allocated to the support of the in8 token in the form of a royalty, as described in previous paragraphs in8 labs llc in8 labs llc (an entity not yet formed) is responsible for the development software, web & mobile apps and similar products that can be sold via in8 network & other channels a portion of these revenues will be allocated to the support of the in8 token in the form of a royalty, as described in previous paragraphs supply distribution there are 2 main wallets where the majority of non circulating tokens are held all remaining wallet holders can be found in the wallet holders section of the in8 token page on bscscan (linked below under “resources”) buy & burn wallet 0x6ba6ff5355f060a3e79a0b08be8902ecbfe4a947 this wallet is used to purchase in8 tokens with project royalties all in8 tokens purchased by this wallet will be burned and will never re enter circulation liquidity and purchase wallet 0x2560e84e4c48c6708111f468cb663e4f2bdbd37b tokens held in the liquidity wallet are used to 'trickle' token support into the market tokens in the wallet may also be burned if liquidity is not needed contracts and resources reward distributor contract 0x90327ef98e4de43d789c7f74b396f82438c2a052 token contract 0x41bc9f2c4fc61ae341aaf4637bb611fe27eccc3e nft contract 0x93778d643200078bd49f9ff7f03cfb906a5d4987 all contract details can be viewed in the blockchain at https //bscscan com/ disclosures and risks terms and conditions you are not authorized to use any software or services if there are applicable legal restrictions in your country of residence that would make the (1) operation of the software illegal, or (2) the access and/or use of the services illegal it is your sole responsibility to ensure that your use of the software, and/or services, is not prohibited, restricted, curtailed, hindered, impaired or otherwise adversely affected in any way by any applicable law in your country of residence or domicile this is not an initial coin offering (lco) project structure the in8 project constitutes a fair launch protocol because possession of a license does not entitle a license holder a right to tokens it is important to know that free nfts must be minted for a fee and staked to receive reward distributions users are responsible for minting nfts and manually staking them to connect to a third party platform if the user does not ensure these responsibilities are fulfilled, they will not receive reward distributions royalties generated from the physical project are used to purchase tokens through the open market; nft owners do not own or receive any portion of the royalties ownership of in8 nfts does not represent or constitute any ownership right or stake, share or security, in8 or equivalent right, or any right to receive any revenue or form of participation in or relating to the project company or any cryptocurrency, including any project token reward royalties are only used to buy tokens on secondary markets and burn them nft owners do not receive any portion of the royalties from the underlying project or company nft owners are not making an investment into in8, the in8 project, third party partners, affiliates, or parents digital rewards received by staking each nft are not considered legal tender and are not backed by any government, thus the rewards have very few regulatory protections and are not insured against theft or loss this industry is new and comes with risks, including, but not limited to exchange rates, willingness of others to exchange fiat currency for the digital rewards, and consequently could decrease in value or hold no value at all ownership of an in8 nft or use of available services does not represent or constitute a right or stake, share or security, in8 or equivalent right, or any right to receive any revenue or form of participation in in8 , its products, or any third party partners associated with any technology, products, or services which may be available the success of any project related to the project nft, the underlying transactions, and tokens generated, and their value, are not controlled in any way by in8 likewise, in8 shall not have any responsibility or liability for, arising out of, relating to, associated with or resulting from the receipt of any tokens associated with the in8 project you bear full responsibility for verifying the risks and evaluating the in8 project there is an inherent risk of cryptographic systems you hereby acknowledge and assume the risk of blockchain technologies, including many market, technological and legal forces are outside the exclusive control of in8 tokens, blockchain technology, and other associated and related technologies are not exclusively controlled by in8 and adverse changes in market forces, including but not limited to, amendments to regulatory or intellectual property law, technological advancements, decreases in token or cryptocurrency or cryptographic token utility, social or economic reforms, the failure of commercial relationships, or the malfunction, breakdown or abandonment of the cryptocurrency protocols may affect the value of any project token the application of blockchain technology is novel and untested and may contain inherent flaws or limitations blockchain is an emerging technology that offers new capabilities which are not fully proven in use risks associated with the blockchain technology could affect the performance of any project token, including the market for blockchain assets generally in8 has no control over your digital wallet and cannot guarantee the security of any such digital wallet continued storage of any tokens or other digital assets on the digital wallet you may transfer tokens or digital assets to, is done so at your own risk in the event of any loss, hack, or theft of any tokens or other digital assets from your digital wallet, you acknowledge and agree that you shall have no right(s), claim(s) or causes of action in any way whatsoever against in8 for such loss, hack or theft of any such digital asset the success of any respective project token requires interest from a large number of validators and/or other network participants the success of any applicable project token relies on a significant number of parties willing to act as nft owners, supporters or other participants of the network there is no guarantee however, that a sufficient number of individuals will continue to participate in the blockchain associated with a specific project token no one is contractually or legally obligated to continue to participate in any applicable blockchain and may cease participation if they determine that such participation is no longer profitable, if they are prevented from doing so by government or regulatory agencies, or for any other reason if participants cease to continue supporting the respective blockchain for a certain project token, such blockchain may be unable to function and the value of underlying tokens may decline or decrease to zero tokens are not insured by any governmental or regulatory entity in the event of loss, or the loss of the utility value of tokens, you will have no recourse (and shall never have recourse against in8 in accordance with these terms) unless you have obtained private insurance for such respective tokens there is no guarantee that any tokens will hold value or increase in value tokens and other cryptocurrencies are highly speculative, and any increase in value of respective project tokens is contingent upon numerous circumstances, many of which (including legal and regulatory conditions) are beyond in8's control there is no assurance that any project token will increase in value, or that applicable project tokens will have any value or liquidity when you acquire them