Every day, in our interactions with other people we have experiences that make life worth living. We say, “thank you” to each other. But, talk is cheap and words are fleeting. It’s easy for someone to express appreciation through words alone. How motivating is “thank you?” What if we could seamlessly back our words with something priceless? What would the world look like if we had a more effective way to express gratitude to each other? What if we could keep the “appreciation,” we receive, forever?
The Lotus Project believes that it would foster the spirit of reciprocity. We believe that it would guide people towards positive actions -- and away from things that are not beneficial. And we are creating a way to do exactly that.
Flowers are often given to show appreciation, but we cannot keep perishable flowers at hand. By tokenizing a flower, we can always have the symbol with us. Tokens take up no physical space, and do not perish. The lotus in particular symbolizes purity, enlightenment, rebirth, and regeneration. These are the values which this token seeks to represent.
The Lotus token ledger is maintained on a permissionless, uncensorable, and open blockchain which is maintained and enabled by software produced by the Logos Foundation. New tokens are minted through proof-of-work mining and given as a reward to the developers who lovingly produce the infrastructure which enables the token to exist and be transferred, and to the miners who carefully maintain the accuracy of the blockchain. This will occurs through "block rewards", which are open and transparent.
Unlike Bitcoin, which is a speculative asset, Lotus is priceless -- a token of appreciation -- having sentimental value. The reward schedule is programmed to react to changes in the demand for Lotus tokens and is inflationary. By being inflationary, there is no reason to hoard it except as a reminder of how much people value us. Lotus is not to be an investment, but our investments in each other will generate more Lotus.
Thank you for participating in our dream by reading this. If you reach out with feedback, We will give you some Lotus to show our appreciation for you extending the courtesy of reading.
5. Centralization vs Decentralization
Centralized Money Decentralized Money
Printed by a central authority (FED) Anyone can print, permissionless
Value comes from force, everyone must follow
Value comes from voluntarism, anyone can join
and leave at will
Cannot mutually exists with other money -
National boundary
Many crypto currencies can co-exist - No
geographical boundary
Issuance is subjective, inflated Issuance is programmed, objective
Distribution is subjective, mostly to maintain
power
Distribution is based on energy consumption and
value creation.
Transactions are censored (Clearing House) Transactions are un-censorable
6. What if I am not a miner?
?
Is it the only way to create value (money) via mining?
8. Network
Values
Network values are added to attract more users.
There are more to add values than just mining.
Users
Network Value
-Users
-Mining/Hash
-App and
Services
-Policies
Value increase
Expenses
- Electricity
- Operating
- Infrastructure
Value inflow
-Store of value
-Medium of
exchange
-Utilities
Net gain
Build
Outflow
10. Keepers
Passive Rewards
Miners mine
when there is value
Use
Utilities
Security
Logos
Foundation
Miners
Infrastruc
ture
Users
Builders
Value adds
Builders create values
to receive more values
Values are not only created via mining.
Keepers Builders
Value-creation Circles
14. Infrastructure Funding
(50% of block issuance)
Logos Foundation
(1 Share)
Funding Projects
12 Shares
Support Project 1 Project 2
Give Lotus
Core Team Project 12
New money is given away to 12 projects.
The list of 12 projects are decided every 6 months.
15. A brief history
BTC BCH eCash
Lotus is a fresh new chain built on top of eCash (Bitcoin ABC)
with a new genesis (No block history)
16. eCash (XEC) Lotus (XPI) BTC
Bitcoin Genesis Block
(3-Jan-2009) Yes No (21-Jul-21) Yes
Total Supply 21 Trillions On Market Demand 21Mil
Circulating Supply
(Aug 2021)
18.7 Trillions 60M 18.6Mil
Inflation Control No Log(Electricity) & 50% Fee Burnt No
Price Stabilization No Based on electricity cost / Fee Burnt
Advanced stabilization is planned
No
Block time 10 Minutes 2 Minutes 10 Minutes
Block size 32MB (200+ TPS)
(World scale planned)
32MB (1000+ TPS)
(World scale planned)
1MB (7 TPS)
(Fixed)
Scaling On Chain On Chain Off Chain
(SegWit)
Fast confirmation Pre-Consensus
Avalanche(Planned)
TBD N/a
Reorg and 51% Attacks
Protection
Post-Consensus
Avalanche
Post-Consensus
Avalanche
N/a
Core teams Bitcoin ABC Logos Foundation Bitcoin Core
Infrastructure funding 8% 50%
13 shares funded to select projects
Sponsorship
Funding decision making
Bitcoin ABC
Global Network Council
Logos Foundation N/a
17. One more thing: Bitcoin price jumps every seconds…
How can I use such a volatile asset as a currency?
20. New Issuance = Log2(Electricity)
More Lotus is printed the more electricity has to be consumed.
Lotus is as scarce as the electricity. And more so...
21. Market Demand Coin Issuance
Bitcoin Issuance Model Lotus Issuance Model
Time Time
Hashrate
Issuance
Hashrate
Issuance
With constant and scheduled halvening
Bitcoin price often fluctuates greatly
With market demand coin issuance
Lotus will balance between network and price growth.
22. Skyscrapers for everyone
The higher the blocks, the less space for everyone With more adoption, more space created at the top
23. Lotus Advantages
• Inherited from Bitcoin codebase (BTC → BCH → BTC → eCash → Lotus). Solid and
proven from 10+ years of operating non-stop (24/365), but:
• Starts from afresh – no burden from Bitcoin history
• Breaking changes can be applied as lesson learned from 10+ years of Bitcoin history
• Issuance based on logarithm of electricity consumptions for stable price but still scarcity
as energy with increased difficulty for inflation control
→ Limit energy waste as more Lotus means more utility.
• 50/50 rewards to miners and developers allow wider adoptions, fosters Giving culture
26. Market Demand Inflation Control – Fee Burnt
Time
Demand
Total Supply
Time
Supply
21M
Total Supply
Bitcoin Capped Supply Lotus Adaptive Supply
Bitcoin capped supply for Number Go Up (NGU),
which is unusable as a currency and
create high barrier of entry for new users.
With fee burnt mechanisms
Lotus Total Supply can expand or contract
depending on market demand..
Fee burnt is higher vs
new issuance
Fee burnt is lower vs
new issuance
29. The most used crypto currency is not … decentralized.
It can be used to manipulate Bitcoin price.
Infinite supply
Controlled by
private entity
No provable
backing.
21M capped
supply
Not stable for
day-to-day
transactions
Pump
Dump
Tether - Bitcoin
30. Lotus aims to become a fully decentralised
stablecoin for everyday use.
34. Initiatives undertaken by Logos and partners
Open Source Software
Digital Privacy
Humanitarian Effort
Permaculture
Renewable Energy
Human Rights
When giving and accepting Lotus, you are supporting for
