Freedom for Streamers and Professional Gamers
Triton [XTRI] is developing an eSports streaming platform that is optimized for gamers, streamers, esports players, and tournament organizers. With our platform, StreamShard, users will be able to build their audience faster, get a large focused following, increase their income, build teams, and organize tournaments
The Triton team has taken their ideas from Neptune and Proteus, our two previous donation platforms, and turned them into an all-in-one streaming platform that will compete with companies like Twitch and Mixer.
The Triton team is also developing a mint and burn stablecoin, the Sao Dollar.
The Sao Stablecoin
SAO is a decentralized stablecoin based on mint and burn protocol called the Sao Dollar (SAO), which is minted from our established volatile coin Triton (XTRI).
THE STREAMING SITE FOR GAMERS
Triton’s mission is to help millions of gamers grow massively throughout the gaming industry and reach their goals by giving them the vehicle they need to succeed.
By minting and burning, 1 SAO = $1 USD of XTRI based on a consensus moving average price established via service node oracles. At the time of this writing, the price of 1 Triton is $0.00598. To get the amount of SAO you will get we can use the equation x SAO = y XTRI / (1 / consensus price). So if a user burned 1000 XTRI, it would give 5.98 SAO. Let’s say the price drops 50% you burn 5.98 which in return would give you 2000 XTRI. As 1 dollar worth of Triton is now doubled.
Triton will be incorporating services nodes in order to help create security for the consensus price. To create a service node, a user would commit to stake Triton for a set period of time. During this time, the user would be required to run an oracle validating service node and would not be able to burn their Triton for SAO. In exchange for this, service nodes would receive a reward from mint and burn fees and earn voting rights in certain protocol decisions. The starting staking amount will be 40,000 XTRI and decrease over time to 15,000 XTRI over 10 years.
In this mint and burn proposal, prices are monitored and each block price consists of every trade between the last block and the block being found. Prices are stored in oracle blocks which are linked to regular blocks by an oracle hash. This price is not directly used for the mint and burn price. Instead, this value will be used as part of a 480 block moving average to determine the mint and burn exchange rate. We hope this lengthy 480 block average will make an attack on manipulating the exchange rate prohibitively expensive.
Neptune is a tool within StreamShard that will allow you to have ad-free viewing, tip with cryptocurrency, and support your favorite streamers for free.
Proteus is our eSports tournament platform that we have integrated into StreamShard. Viewers of a tournament will be able to mine and donate to tournament prize pools, teams, and participants. Mining will increase the prize pool via Triton cryptocurrency.