Overview

TIM is a 2 layer blockchain made of GPS powered 1-hop nodes over a novel blockchain.

Project stage

Prototype

Detailed description

TIM is a 2 layer blockchain made of GPS powered 1-hop nodes over a novel blockchain. The blockchain works by a special PoB consensus mechanism. With an underlying sublayer of distributed DAGs(graphs), the global blockchain achieves high transaction rates. 

The graph layer pools 100 M transactions/s into blockchain with a kilobyte sized blocks. The nodes mine the consensus and perform transaction pooling by geo-mining protocol, using 1-hop directionality to search nearest neighbors and newer information(transactions).

Problem

The possibility of replacing intermediary based financial or commercial systems is becoming a reality by mass adoption of decentralized ledger technology. There are various types of utilities being tested on DLT based architecture. While the early success has fueled the digitization of various types of commerce, the bandwidth of blockchains have largely limited its applicability. The limited bandwidth is a challenge to onboard various new business models. Also the bandwidth issue has increased the cost of transaction on the popular blockchains. 

The solution propagated so far have led to centralization of the network or bottlenecks in the ease-of-usage in some two layer approaches; due to wallet warm up or similar restrictions. The current state of blockchains do not allow easy participation in mining also. The cost related to mining fee or capex of becoming a miner inhibits the micropayments, which actually was a cornerstone of peer to peer money.

Solution

What is needed is a high performance system which is future ready. Everything from the bandwidth up to the cryptographic nature of the blockchain has to be future proof from the current edges of science. This is to also ensure that the irreversibility of transactions, double spending protection, and ensuring that honest nodes make the majority of network strength. These are key considerations while making this blockchain architecture.

For various types of security mechanism in this architecture implementation, loss of stake is one primary way of censuring the offenders. The network is built for high bandwidth, so flood attacks are most prominent. Apart from various verification mechanism, the network penalizes attackers to have economic toll of attacks.

Features

  • High transaction rate
  • Low transaction fee
  • Quantum secure encryption
  • Micro payment
  • Minimal mining power consumption
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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : TIM
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 19,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :110,000,000 TIM
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :100,000,000 TIM
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, FIAT, USD,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    All unsold tokens will be burnt.

      • Token Distribution

          Vesting notes

          • Team : 2 years lock up
          • Partnerships: 1 year lock up
          • Advisors: 1 year lock up
          • TIM Foundation: 3 years lock up
          • Seed Investor: 2 years lock up
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Crowdsale — Active
      15 Sep 00:00 UTC
      0.15 USD No Min 10 USD Uncapped 19,000,000 USD
      Pre-sale — Ended
      Start Soon
      NA No - Uncapped Uncapped
      • Team

        • Prabhat Kumar photo
          Prabhat Kumar
          Developer, Founder & CEO
        • Vipin Verma photo
          Vipin Verma
          Co-Founder
        • Prashant Singh photo
          Prashant Singh
          Business Relationships
        • Debajyoti Biswas photo
          Debajyoti Biswas
          Software Engineer
        • Sanjay Kumar photo
          Sanjay Kumar
          Legal advisor
      • Advisors

        • Lucas Cervigni
          Crypto Venture Capital, Author, TV Host
        • Warren Whitlock
          Content director at CoinAgenda
        • Sreenivas Herugu
          FinTech Consultant for Wall St banks
        • Ravi Sarkar
          Head of Blockchain & FinTech at Hexaware Technologies

      Roadmap

      • Feb 2017

        Release beta version of BITPOST app

      • Sep 2017

        Deliver IOT devices with blockhain setup to Singapore Post

      • Mar 2018

        Multigraph

      • Apr 2018
        • Development of multigraph test network
        • Integration of POA public node with multigraph
      • Jun 2018
        • Development of POB (Proof of Belongingness)
        • Integration with multigraph test network
      • Aug 2018
        • Release APP for geominers
        • Sub-blockchain development(hDapp)
      • Oct 2018
        • Wallet integration
        • Sub-blockchain integration(hDapp)

      Activity