Creating Demand Through Innovative Utility-driven Features
By: Zac Watts
Tags: Smart Contracts, Blockchain, Consensus

Please consider reading this previous blog post to get acquainted with our roadmap and product portfolio before proceeding to this blog post.

Abassian’s Coin (BNA) is at the center of an innovative business model which will undoubtedly play an important role in our growth. Through the BNA, Abassian will integrate new types of utility features as time passes, creating more demand for our native ecosystem currency.

TLDR

At the moment we are offering consultancy services only accepting payment in BNA, thus embedding an utility value for the coin.

Relay: is a direct marketplace smart contract for token holders matching coin holders to enterprise customers needing tokens. In order to use Abassian,(BNA) is required to access and utilize the platform’s various services on a transactional basis. Relay addresses volatility, allowing businesses to use a tokenized ecosystem and technology all the while bestowing the benefits and drawbacks of “hodling” a token to a user base that accepts that risk.

Abassian Accelerator: BNA holders also have early access to technology and data in addition to token purchase privileges for IEO’s launched on Abassian.

Community ran blockchain nodes: Be part of a decentralized compute network and get rewarded in BNA

Smart Contract Marketplace: Developers and enterprises can sell services and Smart contracts

Minimum Viable Product (MVP) and Design

We balance risk vs rewards to deliver value at every step.

The idea of the minimum viable product (MVP) has been around for some time. The simplest definition is that an MVP must be the simplest core feature set of any product that allows it to be deployed and absolutely nothing more. However, the most popular definition is; “The smallest thing that you can build that delivers customer value (and as a bonus captures some of the value back).”

The concept of value is vital to the MVP strategy — a wheel has no value to a user but a skateboard does. It’s all about transport not concepts to the user.

Should you take a look at our roadmap: we have a packed schedule for the next quarters delivering most of our blockchain product lines. Once this milestone is complete we will start working on the Abassian Cloud Platform.

With this in mind, we still want to start providing value to our enterprise customers now, not after several quarters. Therefore, once a blockchain offering is complete, even if the Abassian Cloud Platform is still in development we offer consultancy services for enterprises at the same cost as using the cloud platform. This has a variety of benefits as it helps us better understand the needs of our customers, how would they interact with our cloud deployment platform and maturing strategical relationships. Armed with this knowledge we can better design and build the right platform that our enterprise customers will use.

You may ask yourself how would possible customers buy BNA?

Relay: The Value of a BNA

Blockchain is poised to be a technology disruptor that cuts out intermediaries, reduces costs, and increase efficiencies and reach. It also offers greater transparency and traceability for many business processes, but for these outcomes to be reached, enterprise adoption has to become mainstream.

The complexity and volatility of cryptocurrency pose a risk to widespread enterprise adoption. Cryptocurrencies can be technical, which can create a barrier for those interested in blockchain. Additionally, the volatility of crytocurrency dissuade enterprise customers from adopting blockchain, due to fluctuations in price. Enterprises need predictability in an unpredictable world. This poses a problem for established companies that wish to tap in to the potential of blockchain, but are apprehensive about operating in native cryptocurrency. Relay abstracts the complexity of cryptocurrency for these enterprise customers.

Relay connects token holders to enterprise customers needing tokens. Relay is a direct marketplace smart contract for token holders that wish to sell their BNA.

Pricing and participation is governed by a strict set of variables: like platform adoption indicator, minimum required hold time and others. We are going to provide details in a future paper. Therefore Relay gives enterprises, developers, and those that wish to utilize the Abassian platform the ability to purchase directly from token holders, ignoring secondary markets altogether.

In order to use Abassian, BNA (Abassian’s Tokenized Micro-License) are required to access and utilize the platform’s various services on a transactional basis. Due to the limited supply of BNA and the nature of an open market, the demand of BNA causes their value to fluctuate. Using Relay, a user can purchase BNA right on our platform and gain access to Abassian services.

Abassian Accelerator

As the Abassian ecosystem of blockchain applications is built we are continually looking to provide more value. One of the projects we pursue to achieve that is the Abassian Accelerator. It provides growth-oriented companies essential business incubation services and access to industry-specific development resources through its connection to Abassian. The mission of the Abassian Accelerator is to identify and support blockchain projects that discover, develop, and deploy innovative products, services, and marketplaces in order to support economic growth and development.

The Accelerator provides multiple avenues for businesses to raise funds using BNA. Some partnerships will be limited to holders of BNA tokens. Participation to and discounts to various sales to Abassian community members depends on multiple factors such as BNA hold time, number of coins and so on. Further details are going to be released at a future date.

Community run blockchain nodes

To ensure node diversity and cut costs we are researching into creating a decentralized cloud network powered by Kubernetes. This provides the opportunity for community run blockchain nodes for users with idle compute and storage capacity. To run a node installation of a Kubernetes Edge plugin is required and also an amount of BNA tokens. Users are rewarded in BNA for usage of their compute resources.

Abassian Smart Contract Marketplace

Another use case for the BNA coin is the Abassian Marketplace: a one-stop shop where businesses and developers can buy and sell their products and services. Our partners provide the essential resources any blockchain project needs to succeed.