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November 13, 2023, marks the release of the very first metagraph launched on Constellation Network’s hypergraph. This milestone represents a significant advancement in the way data is processed and validated, setting new standards for security, scalability, and efficiency. Join me as I explore the innovative use case for the DOR metagraph and its underlying tokenomics.
What is a metagraph?
Let’s briefly cover what a metagraph is within the hypergraph (HGTP), for those who are new to the Constellation Network.
A metagraph is essentially a subnet, or a smaller, specialized network, within a broader network framework known as a ‘layer 0 network’, referred to as the ‘hypergraph’. In this context, the layer 0 network forms the foundational level, supporting various independent networks like metagraphs. This layered structure allows the hypergraph to provide extensive connectivity and interoperability among its different subnets, enabling them to function independently while still being integral parts of a larger, interconnected system.
As an independent layer 1 network, a metagraph can validate and notarize data using a DAG (directed acyclic graph) architecture. This approach differs from traditional blockchain technology by allowing for parallel processing of data, rather than the linear processing typical of conventional blockchains.
Data from the metagraph can be encapsulated in a ‘layer 0 snapshot’ and then validated and notarized in the global hypergraph, adding an additional layer of security and interoperability. This enables metagraphs to synchronize their state globally and share their data with other metagraphs and applications.
If you’re intrigued and want to delve deeper into the HGTP network infrastructure, this article provides a more in-depth exploration.
Dor
Dor, acquired by Constellation Network, is a retail analytics firm specializing in advanced people counting technology. Their standout product, the Dor Traffic Miner (DTM), is a battery-powered device employing thermal sensors and machine-learning algorithms to deliver precise, real-time customer traffic data.
The DTM does more than track foot traffic; it integrates with the DOR metagraph network, ensuring data validation and on-chain storage, thus enhancing transparency and auditability. This technology not only offers insights into the devices’ uptime and performance but also includes a rewarding component, incentivizing stakeholders to deploy DTMs, thereby expanding the network and data collection.
Beyond the DTM, Dor offers a range of innovative products and services. Visit Dor’s website to learn more about their products and offerings.
DOR Tokenomics
This article, written by the Constellation Network team, covers the metagraph utility and economy in more detail, so I encourage you to explore that article. This picture shows a good overview of the DOR token utility:
I’ll try to summarize the different aspects of the token below:
Network Utility
The DOR token is used to secure the metagraph network and can be used to pay for network fees within the metagraph, when you want to include more than 1 transaction from the same wallet in the same snapshot.
- 1M DOR collateral is needed to be able to host validator nodes.
- DOR is used to pay for transaction fees within the metagraph network, for bulk wallet to wallet transactions
- A commercial license fee is paid in DOR, based on the number of monthly snapshots, to Constellation Network for the development and support of the DOR metagraph.
Data and Monetary Incentives
The DOR metagraph incorporates a monetary incentive system to encourage the generation and distribution of data through DTM devices
- DOR Bounties and Reward Pools: businesses can establish DOR bounty reward pools, which motivate DTM device owners to deploy their devices in targeted locations for data collection
- In exchange for their participation, DTM owners are rewarded with DOR tokens. DTM owners can also boost the rewards they get by holding a certain amount of DOR in their wallets.
This creates a mutually beneficial scenario: businesses acquire valuable foot traffic data from specific areas of interest, and DTM owners are compensated for providing this data.
Additional Incentives
As the metagraph continues to evolve, the potential for new revenue streams emerges. In future phases, DOR tokens may be utilized for additional services beyond the current scope. This marks just the beginning of a broader and more versatile application of DOR within the metagraph ecosystem, examples are:
- Discounts and/or redemption of future data mining hardware
- Gated access to private forums and chat channels
- Exclusive access to new device management tools and services
This is very useful for datapreneurs that are creating a local business around the DTM devices.
If you purchased a foundation DTM then you get some additional perks:
- Extra rewards through Lattice commission programs
- Retail analytics dashboard subscription
- Free lifetime Pro tier access to sensor management platform for device
- Beta access to future Dor programs
- Discounts on future product releases
- Exclusive invites and discounts to Constellation events
Supply Dynamics of DOR:
The DOR token incorporates unique mechanisms for minting (creating new tokens) and locking (temporarily removing tokens from circulation), which contribute to a dynamically adjusting supply. This is designed to effectively support the network’s validator resources.
In the DOR Explorer, you can view the current circulating supply of DOR tokens. It’s important to note that this figure does not include tokens that are locked up as node collateral or those allocated to the lattice reward distribution pool, which are set aside for foundation DTM owners and gradually enter circulation when rewards are distributed.
The fair launch approach distinctly sets the DOR token apart from many traditional cryptocurrency projects, which often allocate a significant portion of their tokens to the team or through private sales before public availability. In contrast, the DOR token was launched without such allocations, a strategy that fosters trust and transparency, centralizes the community’s role in its ecosystem, and contributes to market stability.
The generation of DOR tokens is directly tied to the deployment of DTM devices — as more devices are activated and begin to mint rewards, the number of DOR tokens in circulation naturally increases.
For a comprehensive understanding of these supply dynamics and the broader economic model of DOR tokens, I encourage you to delve into the DOR metagraph whitepaper.
Conclusion
The seamless integration of DTM devices with the metagraph network not only showcases the potential of the HGTP network but also heralds a new era in data analytics and decentralized networks.
The DOR metagraph is a groundbreaking step in making data handling and validation more efficient and transparent. What this means for everyday users and businesses is quite significant. With the Dor Traffic Miner (DTM) and the DOR metagraph, collecting and understanding customer data becomes easier and more reliable. Businesses can make better decisions based on accurate foot traffic information, and individuals involved in deploying these devices can earn rewards, creating a system where everyone benefits.
This innovation isn’t just about the technicalities of blockchain or data processing; it’s about creating a more connected and transparent world where data can be trusted and used more effectively. As we see the DOR metagraph grow and evolve, it’s exciting to think about how it will help businesses and individuals alike in making more informed decisions. So, whether you’re deeply involved in blockchain technology or just starting to learn about it, the DOR metagraph represents an exciting step forward in how we handle and value data in our digital world.
Interested in being a part of this innovation? Consider purchasing a DTM device. Use the code “NEBULA” at checkout for a 4% discount! Read my DOR guide for additional information.