Asteroid Coin

New ICO — Asteroid Coin (ASTR)

ABSTRACT

Asteroid, Ltd. is building a decentralized database whereby private individuals, corporations and nation states can register claim son mining rights to over 600,000 1 identified asteroids in our near celestial orbit using a smart contract and proprietary BlockClaim mechanisms.
Asteroid, Ltd. will provide services that allow claimants to secure a claim to specific asteroids within the database and act as the registrar for the claimant using Asteroid’s proprietary BlockClaim mechanism. Each individual will lay a BlockClaim to a specific asteroid and both a public and private ledger will be created on the Ethereum platform. This will be achieved through smart contracts,protocol tokens, called ASTR ,and a significant dataset identifying over 600,000 asteroids and approximately $700 Quintillion dollars of minerals Each BlockClaim will consist of a registration using ASTR Tokens and provide animmutable record of the mining claim.
GARTNER HYPE CYCLE
Humans are famously bad at predicting the future of technologies.We often thinkin linear terms therefore discounting the exponential nature of both biological and business growth. Hence, we tend to overestimate technology’s abilities in the near — term, and massively underestimate what it can do in the long term. The shape of that curve has come to be known as the Gartner Hype Cycle, and the five stages of that curve are important for any entrepreneur or investor to understand. Public excitement and anticipation of every technology, be it artificial intelligence, 3D printing, robotics, or Blockchain, follow a similar path (see chart). We are at the apex of a new revolution whereby value will be created that is transformative in business and culture. It is inevitable. It is permanent. It is happening now.
IMMUTABLE DISTRIBUTED LEDGER
Asteroid, Ltd. recognises, that to truly democratize space, a decentralized system must be established that will allow any individual, corporation or nation state the ability to easily and efficiently make their claim. A BlockClaim will use a decentralised claim transaction. Each BlockClaim is essentially an immutable and secure smart contract utilising the Blockchain to store the registered claim (“BlockClaim”). The platform will also combine solutions for searching for claims, registering and payment using ASTR Tokens (“ASTRCOINS”).
Initially, not everything will be stored in the Blockchain, but as the platform and Ethereum evolve it will become more and more a pure decentralised system.
The platform is made up of a number of software components, which are listed below.
THE ASTEROID REGISTRY
In much the same way that you search for a Domain (a URL address) from a Domain Registry, the Asteroid Registry contains a complete database of all asteroids and the BlockClaims that are available for registration.
The Asteroid Registry will contain pertinent information about each individual asteroid. This data can be understood as metadata. This Information will be categorized by size, composition, distance and more details specific to its location and orbit related to earth or our solar system.
This data will be used to index and calculate the estimated value of each a steroid and the number of available BlockClaims available for registration by a claimant.
The Asteroid Registry will provide as much detail about the available asteroids as possible. The claimant will be able to search by name of asteroid, type, composition and many other properties. They will also be able to view which a steroids are trending, in demand and when recent purchases have been made.
Overtime, the Asteroid Registry will evolve to be a complete repository of information about each asteroid .As space technology improves more and more information will become available and catalogued and searchable with in the Asteroid Registry.
The Asteroid Registry will utilise the WHOCLAIM service for users who want to verify if and when a particular BlockClaim has been made on an asteroid. In this way, access to the BlockClaim stored in the Blockchain will be performed.
For more details please visit:
WHITEPAPER | WEBSITE | ANNOUNCEMENT | TELEGRAM
My Bitcointalk Profile:  https://bitcointalk.org/index.php?action=profile;u=1422011;sa=summary

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