In this article, I will write about the new Initial Exchange Offering of KuCoin Spotlight, TRIAS (TRY).
You can check the other IEOs from the link.
What is TRIAS?
The vision of Trias is to generate a reliable general-purpose computation infrastructure.
Within this structure, every system and software performs only expected behaviours.
Thanks to Trias, machines can become trustworthy items which act what they are told to act.
Trias is constructing an allplatform-supported native-application-compatible smart contract execution platform, development framework and collaborating ecosystem.
Trias has three subsystems:
It is an integration of Trusted Execution Environments (TEEs) and Graph to achieve correct execution of general-purpose software.
Moreover, Leviatom implements an algorithm that combines heterogeneous TEE technologies (TPM, TXT, Intel SGX, ARM TrustZOne, etc.) and graph computing algorithms (similar to Hashgraph or DAGs).
Heterogeneous TEEs allow Leviatom to find the misbehaving nodes while removing the dependency on any single technology’s provider.
It is a combination of formal verification and DevSecOps methodologies to be traceable and verifiable general-purpose software development.
Prometh records the key information of a software’s lifecycle on blockchain.
It is a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise DApps.
Token Name: Trias (TRY)
Total Token Supply: 10,000,000,000 TRY
Initial Circulating Supply: 6.24% of Total Token Supply
Spotlight Allocation: 400,000,000 TRY (4% of total token supply)
Token Supported: KuCoin Shares (KCS) only
Price Ratio: 1 TRY = 0.004 USD (The actual price ratio of KCS will be announced on the day of the Token Sale)
Token Sale Format: Lottery
Allocation Per Winning User: 500 USD (125,000 TRY)
ChainX.kr Public Sale Allocation: 200,000,000 TRY (2% of total token supply)
Private Sale Allocation: 0% of total token supply
Seed Sale Allocation: 8% of total token supply
Seed Sale Token Price: 1 TRY = 0.004 USD (Based on total token supply)
Seed Sale Valuation: 40,000,000 USD
Seed Sale Monthly Unlock Program: 3% of seed sale (24,000,000 TRY) will be unlocked before listing, and the remainder will be released over the next 9 months on a month to month basis.
How to buy TRIAS (TRY)?
KuCoin will launch Trias (TRY) on 14/5/2019 (UTC+8). The sale will be based on lottery method.
The more lottery tickets that are obtained, the greater the chance to win. Moreover, you can not transfer your lottery tickets. Each winning user can only purchase a fixed share of $500 worth of TRY.
For lottery details and requirements, you can check the link.