BUILDING STABILITY INTO VALUE STORAGE

STABLE VALUE

Triton aims to release the first completely private ‘mint and burn’ stablecoin. Users will be able to burn our volatile coin Triton (XTRI), a fork of Monero, to mint a market equivalent amount of the Sao Dollar (SAO) – one SAO = $1 US. In turn, each SAO can be burned to mint $1 of XTRI.

OPEN SOURCE

This protocol is open source, has involved multiple contributors in the past, and we welcome additional contributors both now and in the future. We do not expect pulling off mint and burn to be easy, and want as many people testing the protocol as possible.

DECENTRALIZED

Triton is developing an oracle feature we call ‘services nodes’ in order to query trading data and help create security for the consensus ‘mint and burn’ market price. The staking amount will begin at 40,000 XTRI and decrease over time to 15,000 XTRI over 10 years.

SUMMARY

Cryptocurrencies are inherently volatile. And while centralized stablecoins like Tether can provide value stability, they require trust of a third party to honor redemption. In contrast to Tether, Triton (XTRI) is an attempt to build the first private and decentralized stablecoin: the Sao Dollar (SAO).

In brief, you will always be able to destroy a market equivalent $1 US dollar value of XTRI to mint a single SAO and vice versa. Triton will rely on decentralized ‘service nodes’ – a multifunctional price-monitoring oracle of our own design for determining the mint and burn exchange rate. In this way, the ability to ‘mint and burn’ both coins according to market data allows our volatile chain XTRI to peg the value of SAO to $1.

OUR STORY

Triton began as an ESports project. But throughout 2018, Triton’s team found itself involved in many of the ‘mint and burn’ stablecoin discussions surrounding other proposed protocols – none of which have yet been implemented. We felt that these other projects did not pay enough attention to attack vectors that could manipulate the mint and burn exchange rate.

This, combined with the urgency and importance of the ‘stablecoin problem,’ led us to change Triton into a stablecoin development project. Our implementation will be unique in using ‘service nodes’ to decentralize the price oracle, a long moving average for the exchange rate, and only implementing SAO for one fiat currency. For more details, please read our simplified whitepaper and full technical paper – and for the most up-to-date info, be sure to join our Discord!

EXCHANGES

WALLETS

SOCIAL MEDIA

PARTNERS

TRITON TEAM

Thomas D. Parker

Business Development

Thomas D. Parker aids the growth + adoption of Triton via his team building, business development, and digital marketing expertise. In addition to helping with Triton, he is a Co-Founder of the ESports organization Neso and the blockchain-centric esports platform StreamShard.

Harrison Hesslink - Triton Founder

Harrison Hesslink

Founder and Lead Developer

Harrison ‘krakn’ Hesslink does core coding for Triton and is currently an undergraduate studying Computer Science and Mathematics. He hopes to continue through to a PhD in Applied Cryptography.

Adam Hamilton-Sutherland

Developer

Adam “Hamlandall” Hamilton-Sutherland, an undergraduate Computer Science major with hopes to become a full-time software developer. Armed with two last names and a drone, he can accomplish anything.

1

Q4 2018

2

Q1 2019

3

Q2 2019

• Rebase 10/6/18 √
• Blockchain NW Conference 10/16/18 √
• Neptune Beta 10/30/18 √
• Whitepaper v2 √

• SAO Research and Development √
• SAO SN Gen 1 Testnet √
• Whitepaper v3 √
• qTrade Listing √
• SAO Technical Paper √
• Office Space
• Bring on more team members

• StreamShard BETA
• SAO SN Gen 2 Testnet
• Continue development of SAO

CONTACT US

Triton Team: [email protected]

Harrison (Krakn): [email protected]

Thomas D. Parker: [email protected]