The goal of the project is to create an open digital standard for secure social and economic interactions, as well as to evaluate the counterparty in the network without the participation of parties for the benefit of the entire community network.
General description
• TNS is an L2 solution that complements Ethereum. The solution consists of two parts: a contract with a namespace inside Ethereum and a second layer of TrueConnect (sidechain) for name interaction.
• The TrueConnect sidechain solves the scalability problem and reduces the cost of data transfer.
• TNS names are unique and are purchased at the first auction for the cryptocurrency (utility token) $TRUE. Each name must link to another name to participate in the auction, creating a chain of connections.
• Developers and users can, through their unique TNS name, own digital entities, create social connections, rate, publish and sign content, conduct fast transfers with very low fees, and secure the Ethereum structure.
Key Ideas
• Names are unique and are purchased once and for all. The owner of the name can dispose of the name for as long as he likes and in any way he likes, including selling it at a secondary auction of names, setting a minimum initial bid.
This is the qualitative and key difference between TNS names and the usual “nicknames” created when registering on various web2.0 digital platforms. The difference is essentially the same as the difference between Bitcoin and fiat non-cash money. Fiat money is bank money. They are the owner’s money only insofar as the bank serves him. Bitcoin always belongs to the owner.
“Nicknames” belong to the owner only insofar as they are served by and stored on digital platforms. And TNS names are universal, unique, belong to the owner and are always maintained by contracts. TNS names are independent of third parties. TNS names are a full-fledged digital asset.
• Project mechanics will ensure the use of the TNS name in various capacities: a digital signature for any content and documents, a digital wallet on which tokens and digital assets can be stored, a depository of unique links to network resources.
Additional mechanics will emerge as the TNS digital ecosystem evolves, and can be developed by anyone using open standards and TNS contracts.
• A new TNS name can only be purchased with a reference to an existing name. At the contract level, the formation of a name graph and the distribution of the lion's share of the proceeds for a new sold name up the name graph are laid down.
• The more a name has generated new names and accumulated tokens from this, the more significant it is from the point of view of the history of the formation of the entire TNS namespace. Based on the graph of names and data on distributed tokens, a “Proof of Involvement” is formed - an assessment of the name’s involvement in network connections.
Proof Of Involvement will form a new dimension to the solution to the Buterin trilemma, where decentralization, scalability and security will be better balanced on all three parameters.
Token $TRUE
To facilitate the circulation of TNS names and associated economic activity, a $TRUE token is issued.
• $TRUE is the only means of payment for TNS names upon initial purchase, as well as the means of payment for fees in TrueConnect.
• The token is issued on the main network with a limited and final emission of 50’000’000 tokens, and also has a mirror coin in the TrueConnect sidechain with the same emission.
• Additional emission of tokens is prohibited algorithmically.
• The mechanism for transferring tokens between networks is provided through a bridge. Initially, all tokens available for circulation are present on the main network. The bridge provides a mechanism for their transition to 1k1 circulation in the TrueConnect sidechain.
• The token has a deflationary model. Each initial purchase of a name after launch burns 10% of tokens from the value of the name.
During the initial emission, tokens are distributed and blocked according to a public and understandable model for audit algorithms, specified in the project’s tokenomics. Unlocking tokens also occurs according to this model. The source texts of the contracts are public. Unblocking works with all basic audit protocols.
Affiliate distribution of tokens and Proof of Involvement
The project mechanics at the contract level distribute 85% of the proceeds for new names sold at auction to existing name owners 8 levels up the name graph.
• The mechanics motivate name owners to be project partners and maintain their reputation, giving them the opportunity to monetize their social connections.
• Mechanics forms a graph of social connections, which will provide an open idea of the subject and his connections with other subjects.
• The mechanics are as native as possible: tokens received by a name from recommendations automatically go to the name’s balance in TrueConnect and can be immediately used to interact with the network without the need to do additional actions.
The Proof of Involvement assessment will become the basis for allocating nodes. Nodes will earn from commissions.
• Blockchain protection based on the Proof of Involvement criterion, instead of the already familiar criteria for the use of computing power (Proof of Work) or the number of tokens (Proof of Stake), will become no less effective and much less expensive.
• The measure of the security and independence of a node will be the assessment of its owner’s involvement in the growth of the network. This further motivates the network participant in its growth, as well as in maintaining its reputation. This will lay the foundations of social trust in the TNS ecosystem and allow it to develop rapidly.
• In total, no more than 1000 nodes will be created among the most significant name owners for the functioning of the network.
At the same time, TrueConnect remains completely open to the creation and construction of any secondary social connections and ratings by external projects. The project creates an open infrastructure and open digital standard for the implementation of SocialFi, DeFi and other Web3.0 solutions that require universal subject identifiers and digital entities. However, TrueConnect has the right to claim itself as the standard for any web3.0 social networking experience. TrueConnect will also become a universal authentication tool for personalized contracts and financial transactions.
Tokens not sold in communication chains go to the DAO TNS Foundation to finance projects that expand the use of TNS names. Priority is given to projects initiated by name owners with the most developed chains of connections.
About the project team
The TNS project was created and promoted by a decentralized group of independent enthusiasts from different parts of the world, united by a common clear understanding of the rapidly growing crisis of trust in existing global digital monopolies and the platforms they have created. Towards an aging network architecture, including due to its growing vulnerability to cyber threats and the impact of AI. Of particular concern in this context are issues of financial security, and related issues of identification, speed and guarantees of transactions.
• The TNS team does not have a single point of decision making. All key decisions are made by consensus of the founders. Any specialist can be replaced, if necessary, which ensures stability of the team as a whole.
• By creating open digital standards that are designed to change the digital world, the TNS team raises funding directly from the online community, going directly to people, rather than foundations or other third parties intermediating between the project and the investor. For the TNS team, all subjects are equally valuable, and the same equal mechanisms for participation in the project apply to everyone. The team believes that this approach will attract millions of users to the ecosystem, and not only those who are already familiar with the crypto market and web3.0.
Global mission of the project
• TrueConnect is intended to become for network subjectivity and social connections the same MassAdoption solution that Bitcoin has become for the world of finance.
Bitcoin has created a digital, unfalsifiable, third-party-independent alternative to banks' fiat money, which is only nominally owned by people - as long as the banks allow it to be used. Bitcoin truly belongs to whoever owns it.
TNS names and networks built using them will become an alternative to existing web2.0 solutions, where subjectivity is conditional and depends on third parties who can limit access to names, accounts, or even destroy content that they regard as unacceptable.
Just as Bitcoin gives people money back in the digital age, TNS gives people their digital social connections back, giving them freedom from the arbitrariness of digital platforms and monopolies.
• TrueConnect is being created as a basic solution in an atmosphere of deepening crisis of confidence in the key players of the modern digital technological order and a sharp increase in demand for alternative solutions to replace existing ones.
The project team strives to create a zero trust solution on the Internet. Project mechanics can become a lifeline during a period of large-scale financial and economic crisis and loss of confidence in key components of the national and even financial infrastructure.
• TrueConnect provides users with assurance of the identity and authenticity of TNS-signed content and transactions. TrueConnect will become the basic solution for creating networks free from fakes and fraud. Both have become the scourge of web2.0, destroying trust in the aging network architecture and the digital platforms based on it.
• TrueConnect will protect humanity from the threat of invasion of AI content, including fake, through blockchain solutions that provide people with unique subjectivity on the network. Moreover, it will protect without any collection of biometrics and personal information that is not related to the subjects of network interaction between people.
• In addition to protecting digital copyrights and guaranteeing the authenticity of content, communications and transactions, TrueConnect provides scalability and security, low cost and high transaction speed, which is in demand in high-load SocialFi and DeFi applications.
The key social network mission of the project is to create an extensive, numerous network community, economically motivated to develop the network on the principles of the open standards being created. This is what will launch the Proof of Involvement concept, which is the key social value of the project. That is why each participant is valuable in and of itself, and not just depending on their own funds invested in the project.
This is a new era of web3.0 after the hype around NFTs, which gave rise to a lot of scams precisely because of the lack of tools for identifying subjects and determining their reputation.
Bitcoin has already come a long way, and won, forcing the old financial world to recognize itself. TNS is just at the beginning of its journey. And we believe that, as it goes its way, it will bring those who are now at the beginning the same wealth and glory as those who stood at the origins of Bitcoin’s rise. The free digital decentralized world is just beginning.
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