WO2023223069A1 - Trading blockchain protocol - Google Patents

Trading blockchain protocol Download PDF

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Publication number
WO2023223069A1
WO2023223069A1 PCT/IB2022/054507 IB2022054507W WO2023223069A1 WO 2023223069 A1 WO2023223069 A1 WO 2023223069A1 IB 2022054507 W IB2022054507 W IB 2022054507W WO 2023223069 A1 WO2023223069 A1 WO 2023223069A1
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WO
WIPO (PCT)
Prior art keywords
token
coin
blockchain
profit
coins
Prior art date
Application number
PCT/IB2022/054507
Other languages
French (fr)
Inventor
Nedal HAMAIDI
Original Assignee
Hamaidi Nedal
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Hamaidi Nedal filed Critical Hamaidi Nedal
Priority to PCT/IB2022/054507 priority Critical patent/WO2023223069A1/en
Publication of WO2023223069A1 publication Critical patent/WO2023223069A1/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/06—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G06Q20/065—Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q2220/00—Business processing using cryptography

Definitions

  • Our invention relates to Blockchain technology. What we offer to solve here is to create an economical technological system that would give the community and interested parties the chance to have partnership with legal person through investing in their token/coin rather than acquisitioning direct shares in them.
  • Blockchain Technology is in continuous developments, and it has growing community.
  • Blockchain offers the opportunity to have secure transactions and storage of cryptocurrencies without the need to have third parties involved, such as central banks for example.
  • the main concept lies in the fact that most of attached computers and servers to the network (called nodes) act as data storages and verifiers to confirm the transactions and stored amount in each wallet. Thus, if a hacker or bad intended device tries to interfere and manipulate, then the majority of nodes will conclude that this is not true and will confirm the correct transaction and balances of cryptocurrencies.
  • the system provides irreversible secure system for cryptocurrency transaction and storage. This is all achieved through usage of software, servers, and computers.
  • the investors will buy the token"s"/coin"s", and using a server we transfer the purchased coins/tokens to their assigned wallet addresses, belonging to investors, which they will use to store the coins/tokens.
  • blockchain nodes which act like small servers, we confirm these transfers and transactions and store the updated wallets' information, addresses and balances.
  • the token/coin issuer will have an asset and/or value in return for their issued token/coins. This asset can be fiat money, other token/coins or any other valuable asset.
  • the token/coin issuer would declare their intention to include the token/coin as receiving partner of their profit.
  • the token/coin holder might use the generated token/coin sales' asset in in their commercial activities that is not necessary related to the token/coin, or even to blockchain.
  • MDOSE token, and Minicrypto which is the name of our crypto system
  • it would be used into five different commercial fields: Crypto staking (where token/coins are staked to participate in the confirmation of the blockchain transactions and getting rewarded in return), Human crypto trading, Bot crypto trading, Non Fungible Tokens (NFT, which is any kind of media that can be traded at blockchain) and crypto hunting (Buying crypto at competitive prices to be sold later for profit).
  • the commercial activities will generate profits. Declared percentage of the profit will be allocated for the token/coin and its holders. This percentage of profit will be transformed into token/coin "profit token/coin" to be distributed. Using server, and possibly exchange services, the sighted token/cion is purchased in amount that is equivalent to the allocated percentage of profit. The token/coin purchased here is different than the original token/coin that is originally issued, however they use the same main net of blockchain. In our case the profit coin/token of choice would be (BNB).
  • the profit token/coin will be managed by software that is designed to distribute it in proportional percentage in relation to the amount of the original token/coin held by each wallet.
  • each wallet address is visible with its balance regardless of holder.
  • the software using server, will send assigned profit tokens/coins to the wallet of original tokens/coins.
  • Each transaction will cost a fee set by the main net based on the time (in relation to other transactions, which can set the fee higher or lower) and type of chain of the blockchain, and will be deducted from profit token/coin.
  • the software will transfer the profit token/coin to original token/coin wallet if 1) the wallet have original tokens/coins higher than the minimum set number, and 2) the main net's transfer fee is not higher in value than the assigned profit tokens/coins.
  • the profit tokens/coins when transferred, and after confirming with node of blockchain, will go into holders' wallet as their share of profit and they will be free to do what they want with it.
  • Drawing (1) illustrates the process of generating original token/coin
  • Drawing (2) illustrates the process of selling and/or distributing the original token/coin, the relation between the token/coin issuer's commercial activities and generated profit and how it is used to buy profit token/coin (that is different than original), then assigned percentages are distributed to the wallets that contains the original token/coin through server.
  • Drawing (3) illustrates the conditions that both must be met so that the software assigned to distribute profit token/coin can go ahead and send the order for the server to distribute it.

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • Development Economics (AREA)
  • Technology Law (AREA)
  • Marketing (AREA)
  • Economics (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Game Theory and Decision Science (AREA)
  • Human Resources & Organizations (AREA)
  • Operations Research (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A trading method utilizing a blockchain with the following steps: generating a token/coin with a blockchain contract using software; using a server to verify and publish the contract to a blockchain main net; selling/distributing the tokens/coins to interested investors; the token/coin issuer generating profit from commercial activities; allocated profit percentage being converted into a selected token/coin, which is different from the generated original token/coin; the selected token/coin being sent to a dedicated software at a secure server for distribution to original token/coin holders based on amount held by each of them. The method facilitates profit-based partnerships, using blockchain technology, without the need to have direct shares and can be used for raising funds.

Description

TRADING BLOCKCHAIN PROTOCOL
Description
Introduction:
Our invention relates to Blockchain technology. What we offer to solve here is to create an economical technological system that would give the community and interested parties the chance to have partnership with legal person through investing in their token/coin rather than acquisitioning direct shares in them.
In the traditional world, a partnership is forged, in many ways, through combining investments (could be money, asset, effort, or any other type) in return for shares in newly formed entity. This requires level of trust and/or certain arrangements. Another easier option would be buying direct shares in existing company, for example through stock market. These are the two most common forms of partnership.
Blockchain Technology is in continuous developments, and it has growing community. Blockchain offers the opportunity to have secure transactions and storage of cryptocurrencies without the need to have third parties involved, such as central banks for example. The main concept lies in the fact that most of attached computers and servers to the network (called nodes) act as data storages and verifiers to confirm the transactions and stored amount in each wallet. Thus, if a hacker or bad intended device tries to interfere and manipulate, then the majority of nodes will conclude that this is not true and will confirm the correct transaction and balances of cryptocurrencies. The system provides irreversible secure system for cryptocurrency transaction and storage. This is all achieved through usage of software, servers, and computers.
Method:
We start the method by creating tokens/coins "original token/coin" (named MDOSE in our case). We generate the smart contract of the token/coin (a smart contract contains map of account addresses and their balances and have unique contract address) using a software (namely Solidity 0.7.0 in our case) through the use of (in our case Core "17", 12 RAMs) Computer. The contract is designed using ERC20 standard, however the same rule applies to any design. Then using a server, the contract is deployed into the main net of blockchain, so it will be available for transfer (and accordingly, sell, buy and distribute to interested investors). In this case we deployed the contract to Binance Smart Chain (BSC). Our Contract ID: 0x8a5e9cFA7027B324bBlD66197d4475459abfe07f
Our Contract BS scan link (which illustrate some related details):
Figure imgf000004_0001
Next step after having the coin/token available for trade, is to sell it or distribute it to interested investors. The investors will buy the token"s"/coin"s", and using a server we transfer the purchased coins/tokens to their assigned wallet addresses, belonging to investors, which they will use to store the coins/tokens. Using blockchain nodes, which act like small servers, we confirm these transfers and transactions and store the updated wallets' information, addresses and balances. During this process, the token/coin issuer will have an asset and/or value in return for their issued token/coins. This asset can be fiat money, other token/coins or any other valuable asset.
The token/coin issuer would declare their intention to include the token/coin as receiving partner of their profit. The token/coin holder might use the generated token/coin sales' asset in in their commercial activities that is not necessary related to the token/coin, or even to blockchain. In our case (MDOSE token, and Minicrypto, which is the name of our crypto system), it would be used into five different commercial fields: Crypto staking (where token/coins are staked to participate in the confirmation of the blockchain transactions and getting rewarded in return), Human crypto trading, Bot crypto trading, Non Fungible Tokens (NFT, which is any kind of media that can be traded at blockchain) and crypto hunting (Buying crypto at competitive prices to be sold later for profit).
The commercial activities will generate profits. Declared percentage of the profit will be allocated for the token/coin and its holders. This percentage of profit will be transformed into token/coin "profit token/coin" to be distributed. Using server, and possibly exchange services, the sighted token/cion is purchased in amount that is equivalent to the allocated percentage of profit. The token/coin purchased here is different than the original token/coin that is originally issued, however they use the same main net of blockchain. In our case the profit coin/token of choice would be (BNB).
Now we have the profit token/coin that is ready to be distributed to the original token/coin holders. The profit token/coin will be managed by software that is designed to distribute it in proportional percentage in relation to the amount of the original token/coin held by each wallet. In blockchain, each wallet address is visible with its balance regardless of holder. The software, using server, will send assigned profit tokens/coins to the wallet of original tokens/coins. Each transaction will cost a fee set by the main net based on the time (in relation to other transactions, which can set the fee higher or lower) and type of chain of the blockchain, and will be deducted from profit token/coin. If the fee incurred to transfer the assigned profit tokens/coins exceeds assigned tokens/coins to be transferred, then it would be viewed by software as a negative transfer and the transfer in this case will not carry on. Another factor would be a limit set by original token/coin issuer which specify the minimum amount (we call it in our case "DOSE Unit") of the original tokens/coins to be in the balance of the wallet to be eligible for the transfer of profit. So to clarify, the software will transfer the profit token/coin to original token/coin wallet if 1) the wallet have original tokens/coins higher than the minimum set number, and 2) the main net's transfer fee is not higher in value than the assigned profit tokens/coins. The profit tokens/coins when transferred, and after confirming with node of blockchain, will go into holders' wallet as their share of profit and they will be free to do what they want with it.
Conclusion
As demonstrated, by this invention, we create a system that allows interested investors to form a type of partnership with coin/token issuer, sharing their profits from their defined commercial activities, by purchasing their issued tokes/coins without the need to have shares directly in the issuer. The coin/token itself is an asset that will have its own value, that might not be related to commercial performance of the token/coin issuer and can be considered as investment by itself. A specialized software is used to determine the profitability, and then to allow or halt, the transfer of profit token/coins to original tokens/coins holders' wallets.
Drawing (1) illustrates the process of generating original token/coin
Drawing (2) illustrates the process of selling and/or distributing the original token/coin, the relation between the token/coin issuer's commercial activities and generated profit and how it is used to buy profit token/coin (that is different than original), then assigned percentages are distributed to the wallets that contains the original token/coin through server.
Drawing (3) illustrates the conditions that both must be met so that the software assigned to distribute profit token/coin can go ahead and send the order for the server to distribute it.

Claims

Claims
1- Using blockchain to distribute profits to token/coin holders that is earned by token/coin issuer through issuer's commercial activities that does not have to be related to the token/coin without the need for token/coin holders to own direct shares in the token/coin issuer.
2-Using Token/coin and blockchain to create a partnership between token/coin holder and legal person that issued the token/coin without the need for token/coin holder to own direct shares in this legal person while using server to allocate and send percentages of profits that is allocated by the partnership to the token/coin holder.
3-Using software at server to determine the profitability of sending token/coin through blockchain by comparing estimated main net fee to the estimated value of token/coin intended to be sent and determining accordingly if to continue with transfer process or to halt it.
PCT/IB2022/054507 2022-05-14 2022-05-14 Trading blockchain protocol WO2023223069A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
PCT/IB2022/054507 WO2023223069A1 (en) 2022-05-14 2022-05-14 Trading blockchain protocol

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Application Number Priority Date Filing Date Title
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Publications (1)

Publication Number Publication Date
WO2023223069A1 true WO2023223069A1 (en) 2023-11-23

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Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20170213289A1 (en) * 2016-01-27 2017-07-27 George Daniel Doney Dividend Yielding Digital Currency through Elastic Securitization, High Frequency Cross Exchange Trading, and Smart Contracts
KR20200021380A (en) * 2018-08-20 2020-02-28 아이오냅 주식회사 System and method of securities-type crowd-funding based on a blockchain
KR20200135033A (en) * 2019-05-24 2020-12-02 주식회사 레이드랩 Cryptocurrency exchange system in which a coin with an end date is mined from an investor's trading activity in an cryptocurrency exchange, and is dividend in accordance with the amount of coin held
TW202105288A (en) * 2019-07-16 2021-02-01 英屬開曼群島商現代財富控股有限公司 Dividend distribution system based on security token and method thereof
AU2021105826A4 (en) * 2021-08-18 2021-11-25 Chakraborty, Anindita Dr. A decentralized Blockchain based application for stock market exchange

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20170213289A1 (en) * 2016-01-27 2017-07-27 George Daniel Doney Dividend Yielding Digital Currency through Elastic Securitization, High Frequency Cross Exchange Trading, and Smart Contracts
KR20200021380A (en) * 2018-08-20 2020-02-28 아이오냅 주식회사 System and method of securities-type crowd-funding based on a blockchain
KR20200135033A (en) * 2019-05-24 2020-12-02 주식회사 레이드랩 Cryptocurrency exchange system in which a coin with an end date is mined from an investor's trading activity in an cryptocurrency exchange, and is dividend in accordance with the amount of coin held
TW202105288A (en) * 2019-07-16 2021-02-01 英屬開曼群島商現代財富控股有限公司 Dividend distribution system based on security token and method thereof
AU2021105826A4 (en) * 2021-08-18 2021-11-25 Chakraborty, Anindita Dr. A decentralized Blockchain based application for stock market exchange

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