Virtual Blockchain

OURONET, introduces the concept of a Virtual Blockchain, a pioneering innovation and the first use of this term globally. While OURONET is essentially a series of advanced smart contracts developed using Kadena’s PACT programming language, it is designed to replicate the functionality of a standalone blockchain.

Key Features of OURO-Network

• Blockchain-Like Functionality: OURONET will feature its own explorer, allowing users to browse addresses and accounts, track asset movements, view transaction fees, and examine transaction types and participants. It will also maintain its own blocks, complete with unique block numbers, while integrating seamlessly with Kadena’s native blocks.

• Custodians and Fee Collection: Similar to a proof-of-stake or proof-of-work blockchain where validators or miners earn gas fees, OURONET will have its own “validators,” known as Custodians. These Custodians will collect a portion of the gas fees generated by the Virtual Blockchain, paid not only in IGNIS tokens but also in other tokens that utilize specific features for their True Fungible Tokens. Additional benefits and details about Custodians are provided on the relevant page.

Extra Functionalities

• Complete DeFi Environment: OURONET is equipped with all the necessary tools to function as a full-fledged DeFi platform, offering a comprehensive suite of DeFi functionalities at the protocol level. Moreover, third parties can leverage OURONET’s smart contracts to create additional features as needed. If a critical feature is identified as missing, Demiourgos Holdings will consider incorporating it as a native functionality.

• Built-in True/Meta Fungible Swapping Mechanism (DEX): OURONET will include an integrated true or meta-fungible swapping mechanism, essentially serving as a decentralized exchange (DEX). This allows any True-Fungible Token owner to create liquidity pools with one of the three core tokens, and automatically participate in farming activities with the resultant farming tokens, provided their liquidity pool meets the criteria for specific farming activities. Further details are available on the dedicated page.

• Built-in IGNIS (Gas) Based Escrow and NFT Marketplace: OURONET will offer an integrated escrow mechanism for NFTs (non-fungible tokens) and SFTs (semi-fungible tokens), enabling users to trade directly or transfer NFTs/SFTs between themselves freely (if they so choose), using only gas payments in IGNIS. This escrow system essentially functions as an NFT/SFT marketplace exclusively utilizing IGNIS gas tokens. Additional information is provided on the relevant page.

• Built-in Earning Mechanics via Acquisition-Pools: OURONET will provide a comprehensive earning system to distribute specific rewards to participants. This system will be open for use by anyone as a method of distributing rewards. The Acquisition-Pools will contain by default multiple settings, to create any earning mechanic one can envision.