Boca coin, or DOT for short, is the original token of Boca Taiwan. DOT is the native pass of Boca card, which aims to realize the key functions of the platform. Click has four purposes: management platform, operation, interoperability and binding.
Management platform, DOT holders control the future of Polkadot. All permissions on other platforms are unique to miners and will be provided to relay chain participants (coin counting holders), including managing special events, such as protocol upgrade and repair. Operation, game theory encourages holders to act honestly. Good participants will be rewarded through this mechanism, while bad participants will lose their share in the network. This ensures the security of the network.
Interoperability, in order to transfer information from one blockchain to the next, the sender can pay a certain fee in DOT. However, the cost is not necessary. Binding, adding a new parallel chain by binding a pass. You can delete obsolete or useless parallel chains by deleting binding procedures. This is a form of proof of rights and interests.
DOT will play four key functions in Boca card, namely, providing management for the network, running the network, creating parallel chains by binding DOT, and transmitting messages across parallel chains.
The first function of 1 and DOT is to give the holder the right to complete the platform governance control. Governance functions include determining network costs, auction dynamics and the timetable for adding parallel chains, as well as special events, such as the upgrade and repair of Boca platform. These functions are not officially granted to point holders, but the basic code of Boca will enable point holders to participate in governance.
2. The second function of 2.DOT is to promote the cognitive mechanism supporting Boca. In order to make the platform work and allow effective transactions across parallel chains, Boca will rely on the holders of DOT to play an active role. Participants will put their DOT at risk (called "mortgage" or "binding") to perform these functions, which is not conducive to malicious participation in the network. The points required to participate in the network will vary according to the activities carried out, the duration of lofting points and the total number of lofting points.
3. The third function of DOT is the ability to add new parallel chains by combining DOT (called "combination"). You can delete obsolete or useless parallel chains by deleting binding procedures.
4. The fourth function of 4.DOT is to pay the verifier node to transmit messages across the chain. According to the market mechanism, users will pay for sending messages to other state machines on the Boca network.
What rights will DOT give the holder? The holder of DOT will have certain functions on Boca platform, including: being able to act as a verifier node, organizer, nominee or fisherman; Ability to participate in Boca governance; Be able to participate in the decision-making process of adding or deleting parallel chains; The ability to participate in Boca's global upgrade or change decision-making process or to make global upgrade or change decision-making process.