W6580KR: WHAT IS PUNK.NETWORK ?

WHAT IS PUNK.NETWORK ?

About

Punk.Network is a world class NFT-Friendly mainnet subject to the Substrate designing with NPoS (Nominated Proof of Stakes) as the understanding instrument, which can oblige a wide extent of asset types, innumerable trades and distinctive sort of smart agreements.

Punk is set out to offer broad asset responses for the virtual world, giving decentralized issuance, stream and predominant particular assistance for various kinds of arrangements (legal, money related, contract, etc) for improved virtual assets (Fungible Token and None Fungible Token) to be applied to games, craftsmanship and subordinate mass circumstances, in mix with the extraordinarily free DAO (Decentralized Autonomous Organization), it will wind up being a separated and progressed electronic-computerized natural framework.

Issue

Considering Ethereum, NFT trades, course, new standard suggestion organization, and diverse business executions have altogether execution and cost imperatives due to lacking adaptability. Regardless, exceptional Layer 2 game plans are not yet experienced. The state channel of the cross-attach plan is difficult to address the obstacles of its framework for the present, and the efficiency of recommendation organization and execution is for the most part low.

Punk.Network accepts Rust and manufactures the chain subject to the Substrate framework. The isomorphism will help the assets of Punk.Network. Later on, Punk.Network will achieve get chain level FT&NFT asset travel through the Polkadot move chain, starting from the Layer0 multi-attach association to achieve useful organization, Rust can cautiously handle the issues of Punk.Network’s high synchronization and high security system, and it will in general be worked with high viability in a multi-center point and largescale environment. The organization adequacy of the NFT show layer, application layer, and normal related suggestion will be essentially higher than the Ethereum environment by a couple of critical degrees

Vision

Punk.Network is a working promoter of Polkadot nature. It is the vision of Punk.Network to enable everyone to use Web3.0 blockchain advancement capably and monetarily shrewd, and to participate in the favorable organizations and best in class normal benefits it brings.

To make the best utility and course climate for NFT, Punk.Network has finished inventive plans, for instance, supporting the STNFT(Standardized NFT) at the lower part of the development. Moreover, Punk.Network has also arranged organic organization and token instrument that is fitting to NFT network nature. The neighborhood DApp made by Punk.Network can achieve one-stop improvement of NFT-type asset, DeFi sharp understanding things, DGAME sharp arrangement game things and Prc-20 standard Token issuance.

The gathering is especially organized and has sufficient experience and productive cases in their singular fields. Nowadays, as NFT has transformed into a blistering thought in the blockchain locale, in any case a market environment where openings and risks exist together, Punk.Network is centered around building a solid NFT regard association.

Token Format

PRC-20: The rules consolidate 6 action and 2 event limits. PRC-20 is the plan of fungible token, and all representative units have a comparative regard and can be secluded.

PRC-721: PRC-721 is a standard interface for Non-Fungible Token (NFT), which contains 11 movement and 2 event limits. Each Token is interesting and has its own uniqueness and exceptional worth, this similarly infers that they are brought together and noticeable.

PRC-1255（St NFT): PRC-1255 proposes to engage NFT assets for be given as standardized assets in StNFT (standardized NFT) plan subject to the essential development. Right when a NFT asset is made, you can choose to part it into a specific number of StNFTs.

To gather a decentralized association with wide effect and high upkeep, regular advancement will be the focal point of Punk.Network, and a sensible and useful natural improvement framework will be set up with the help of DAO structure. Projecting a polling form in the Polka climate is Token-weighted, i.e., the last tally of votes will be established on the amount of Tokens held instead of the amount of centers.

Token-weighted vote based: The board has some place in the scope of 11 and 21 people, with an odd number of people, dependent upon the neighborhood race. The Eco-Committee has different limits, including execution, noticing and assessing, money related organization, and practical coordination. Warning gathering people are expected to guarantee a particular proportion of tokens to deal with the cost of disciplinary movement for possible bad behaviors.

The plan of Ecology Committee: PUNK holders (holding aggregate greater than 10) can disseminate their PUNK-related proposals including yet not limited to financial or particular assistance for natural applications, specific update of the essential association, and masterminding of on the web and detached displaying works out, including all pieces of the movement of a decentralized assignment.

Planning and Proposals: The suggestion can be passed the conveyance and proceed to the vote based stage if complete assistance tokens is more than 1000, and the stage feasibility assessment can be entered if the assistance votes are over half .

Release and Voting: The warning gathering and the calling will separate the chance from all focuses (checking money related, authentic, execution inconvenience, short-medium and long stretch regard, etc) and vote on the feasibility, the execution stage will be entered if the assistance votes are over half.

The chance assessment report will be reliant upon public affirmation.

Roadmap