Introduction amper

2021-02-14T13:00:00Z

The Amper Network
https://ampernetwork.8b.io/

Executive Summary

Amper is an open source messaging platform and mobile interface to interact with decentralized applications that run on the Bitcoin cash Network.

This document presents a utility network token for Amper, the first ever mobile Bitcoin cash client built entirely on peer-to-peer technologies.

The messenger form-factor is chosen to make Bitcoin cash feel as familiar as possible to the average smartphone user, while providing a flexible platform for DApp developers, aimed to maximise the amount of daily use of Bitcoin cash’s public blockchain.

The Amper Network token is a modular utility token that fuels the Amper network. This includes a Decentralized Push Notification Market, Governance of the Amper client, Community Curation of content, along with social communication tools such as Tribute to Talk. We also propose a fiat-to-crypto ‘Teller Network’, DApp Directory, Sticker Market, and demonstrate our research on a User Acquisition Engine to grow the Network.

The Amper Network Token (‘ANTC’) will be distributed at a rate of 10,000 ANTC per 1 BCH to participants in the Contribution Period, and is expected to begin on June 20th. The Contribution Period will run for 14 days, or within 24 hours of the first ceiling of 12M CHF (Swiss Francs) having been reached.

Background

Prevalent on the internet today are social bots, a type of automated software that controls a social media account, designed to advocate certain ideas, support campaigns, and sway public relations. These bots pollute online discussion by lending false credibility to their messages and influence of real users.

The problem of social bots and media manipulation serves as a catalyst in re-evaluating how we design our social networks and is just one symptom that is systemic in the user-as- product business model. In this paper we will present our ideas for the next generation social network, the socio-economic network.

James and ED, the co-founders of Amper, have had a working relationship for 6 years on various projects, and 6 of those years were spent operating a software distribution network, driving over 35 million installs to various software offerings, the profits of which were used to fund Amper and our team of 10 until this point. During the operation of this business we were uniquely positioned to see firsthand how personal data on the internet is bought and sold and how users are acquired and retained.

Dynamic Ceiling and the Importance of Distribution

Because Amper Network Token holders will ultimately be using ANTC to govern the direction of Amper’ development, along with its daily use within Amper, achieving a fair distribution of tokens is a goal we need to work towards. To achieve this we aim to encourage many smaller participants while discouraging larger participants from taking up the majority of supply.

Other projects have tried to tackle this problem by introducing a ‘soft cap’, where there is a time-based closing period after a limit has been achieved, allowing smaller participants to enter during a time window after the allocation has been fulfilled. Another approach has been introducing a ‘hidden cap’, where participants do not know when the allocation is finalized, and will be revealed during the event - thereby making it more difficult for larger participants to know how much to contribute in order to control the supply.

Both of these approaches have some shortcomings, in the ‘soft cap’ approach there is nothing that stops a larger participant from acquiring more tokens, and with a ‘hidden cap’ it’s entirely possible to raise more funds than intended.

The easiest way to understand the Dynamic Ceiling is as a series of ‘hidden hard caps’. A
fixed upper limit that restricts further contributions until the next upper limit is revealed.

The first ceiling is public and begins the moment 12M CHF (Swiss Francs) equivalent has been reached. It signifies that the Contribution Period will end within 24 hours, or sooner if the hidden hard ceiling has been met.

The moment the first ceiling has been triggered there will be a series of additional hidden ceilings that begin after a given number of blocks has been reached. Each hidden ceiling decreases in size and has to be revealed publicly before accepting further contributions.

This allows contributors to continue to participate after the first ceiling has been reached, but reduces the maximum contribution size per ceiling, and solves the problem of run-away ‘soft caps’.

Contributions will be accepted for a maximum period of 24 hours after the first ceiling has been triggered, or sooner if all ceilings have been revealed. The curve of the ceilings, the number of blocks between ceilings, and the hard ceiling amount will not be revealed to participants until the Contribution Period begins in an attempt to discourage big money investors, whales, from consuming the entire ANTC allocation.