In order to create a democratized autonomous network, an economic component is essential. ProximaX Sirius Platform with different actors runs day to day operation with respect to its responsibility. A work is done by each and in order to create a fair incentive scheme, the system relies on digital assets called mosaics.
Sirius Internal Digial Assets: Mosaics
Sirius Platform Native Token - XPX
XPX is the native token the fuels the token economy of ProximaX SiriusPlatform. It's primarily the basis of all internal tokens and it's pegged to the free market usage of the platform. From the Storage (or DFMS) perspective, XPX is the main cryptocurrency to access it's ecosystem.
XPX is the main currency in the DFMS. It can be changed to any currency according to market price.
Sirius Storage units - SO
In ProximaX Sirius Platform, the economic value of the core service relies on the utility tokens the circulates in the respective service ecosystem. In the Sirius Storage ecosystem, Storage units are the utility tokens that represents both service capacity and capability. Each storage owner that participats needs to stake XPX which in turn will be internally exhanged (via Decentralized Internal Exchange Mechanism) to Storage Units. This representation of stake is the agreement that the storage owner will provide the level of storage service and contribute it to the network.
Streaming units - SM
In Sirius Streaming, SM represents streaming capacity and capability. SM is primarily to represent streaming of data from multiple source of entry to one of multiple source of exit. SM is the currency for file transfer rewards. Users receive these units for distributing files and pay for getting files.
Review units - RW
In Sirus Storage and Streaming, multiple content will be hosted from different sources. These contents may or may have a positive outcome in the society. To create a balance, we built a consensus mechanism as to what content should be banned given certain parameters. To represent a scoring system, we created a review unit token to allow anyone to cast their vote on a certain content.
SuperContract units - SC
In Sirius Supercontracts, SC represents execution unit and the amount of unit need is relative to the complexity of the logically computed execution. GAS is the currency for executing SC.