Progress Utility Token. Limited supply. All unsold tokens will be burned. 65% of tokens held by token sale contributors
Maximum amount of tokens: 1 000 000 000More information will be added soon.
Progression Network connect user's PC, Nodes, supernodes with blockchain.
Nodes analyze incoming files, decompose them into metadata, analyze metadata and send to the "metadata - result" pool in the drive.
Supernodes are verifiers in the process of achieving PoEW consensus and act as a queue manager for
network-verified and pending files.
Supernodes recheck metadata, write to the database (DB) the correct result and additionally add the flag CHECKED_BY_SUPERNODE. After the flag is set, the Progress network lowers the reputation of all nodes that send results which are different from those which are in the database with CHECKED_BY_SUPERNODE flag. Supernodes are controlled by Progress company.
This is a conditional function block on the supernode side. It keeps track of whether there is an existing "metadata-result" record in the database:
- If there is no record, the entry is added directly;
- If there is a record and the result is the same as in the pool, then the reputation counter is simply increased;
- If there is a metadata record, but the result is different, than the conflictor sends the metadata for rechecking to the supernode.
Proof Of Execution Work Consensus (PoEW)
The Progression Network will have a hybrid PoEW + PoS system.
Results verification is a part of PoEW consensus, validated by supernodes into Progression Network.
As a matter of fact, blockchain of the Progress is a distributed database - datachain. Datachain is a chain of data blocks consisting of whitelist hashes, blacklist hashes and other meta information, distributed among all nodes and stored as a merkle tree. Any attempts to modify it bypassing the verification by the PoEW model will be rejected by the network. Data in the datachain can not be changed, added unauthorizedly, or deleted due to its distribution.
DAG (Directed Acyclic graph)
The DAG (Directed Acyclic graph) is responsible for the storage and validation of transactions in the Progression Network. The DAG is an oriented di-graph that uses security mechanisms and incentives of blockchain, but without such disadvantages as high commissions,limitation of scaling and low transaction speed.
In order to confirm transactions the DAG technology uses a mechanism, in which each new transaction confirms one or more previous transactions (parents), signing their hashes and including them into their composition.
10 million records will occupy: 0,12 * 10000 ≈ 1,17 GB.
Please check whitepaper to see calculations of blockchain size.
Whitelist & Blacklist of hashes
There is no model of classical signature bases in Progress and there is no need for regular updates. Owing to the distributed cloud network, delivery of service and reputation information is carried out almost instantaneously, and the data from white and black lists is taken from the blockchain in real time.
Legal & finances
Will be updated soon.
Terms & Conditions
Will be updated soon.
During the token-sale, the entire mass of tokens will be emitted on the Ethereum platform.
After the implementation of the Progress blockchain, all holders of PRU tokens will have the option
for transferring tokens from the Ethereum blockchain to the Progress blockchain with subsequent burning of tokens based on the ERC20.
The purpose of the basic emission is to collect sufficient funds to ensure a full cycle of development, public testing and promotion of the product in the market. The duration of the token-sale: 1 months. The minimum required funds: 9.9 million USD. A full amount of necessary funds for the deployment of all functionality: 17.1 million USD.
What are PRU tokens and what are they used for?
PRU - Progress Utility Token.
The main internal currency unit will be PRU. All operations within the system will be performed in PRU token. The PRU is the main and the only unit of operations in the Progress network and it is intended for internal settlements between the participants of the Progress ecosystem. The Progress network token is the ERC20 token that runs on the Ethereum platform and is supported by all its wallets, including Ethereum Wallet, Parity and others. Tokens allow to organize effective execution of tasks assigned to all participants of the Progress.
1. The measure of value. All digital goods inside the system will be nominated in PRU tokens. The cost of the goods, expressed in PRU, is called the price.
2. PRU is the mean of circulation inside the system
3. Means of accumulation and saving.
4. Payment instrument
Cases of using PRU tokens:
1. Purchase and renewal of licenses of Progress products;
2. Purchase of additional modules of Progress products;
3. Implementation of microtransactions within the system;
4. Ensuring the functioning of the Progress infrastructure;
5. Payment and purchase of secure applications in the marketplace;
How to participate in the Pre-Sale/Token-Sale?
To take part in the token offering, you should simply send ETH to the token offering address.
Your tokens will be sent to your sending address automatically.
* Transactions must be made from your Ethereum Wallet. DO NOT send from an Exchange Wallet.
* You can send transaction via MyEtherWallet, Metamask, Parity, Mist, Jaxx or Ledger (hardware wallet).
* To check transaction status your can use http://etherscan.io website.
* ERC20 tokens will be distributed immediately after transaction is submitted.
ATTANTION: SCAM ALERT!
WE DO NOT SEND ADDRESSES OVER EMAILS, TELEGRAM CHANNELS OR PRIVATE MESSAGES. ONLY TRUST THE ADDRESS ON OUR OFFICIAL WEBSITE PROGRESSION.NETWORK.
What is the allocation of PRU tokens?
Token sale - 50,00%
Nodes’ payment fund - 22,00%
Founders, Team, Advisors and early contributors - 10,00%
Community grants, Partnership & Bounty - 9,00%
Presale round - 8,00%
General Public beta testing - 1,00%
What is the funds distribution?
Development and general testing - 59,00%
Marketing and market providing - 21,00%
Community grants, Partnership & Bounty - 5,00%
Jurists, legal support - 5,00%
Reverse funds - 10,00%
What happens if hard cap is reached before the token sale end date?
If the hard cap is reached before the end of token sale will automatically stop, and we will end receiving contribution payments.
Can I get PRU tokens for free?
You can get PRU tokens for free by taking part in our Bounty program.
Future Evolution Vision
Progress Antivirus MobileThe development of the mobile version of the antivirus for Android.Development and implementation of the mobile version of the advanced antivirus for Android with distributed APK checks in the network.
Progress Proved MarketplaceDecentralised marketplace based on Progress Network and Progress Antivirus.Development and implementation of the market place based on antivirus software Progress, containing a network-verified software with a detailed description and the opportunity of buying it using internal PRU tokens. The placement in the market place will be made by legal representatives of development companies. The market place will contain cross-platform software for various operating systems: Windows, Linux, Android.
Progress Browser PluginsAddons for various browsers to perform additional webserf security.Development and implementation of an extension to interact with the Progress network, as well as to monitor the actions of other browser extensions. Progress Network and its blockchain are for online checking of downloaded files from the Internet.
The plugin will be developed for both desktop and mobile versions of browsers Firefox, Chrome, Edge and Opera. A secondary function of plugins will be transparent collection and analysis of suspicious files, domains, links and broadcast to the cloud of the Progress network for deep scanning and early warning of the users of the Progress antivirus.