Ecosystem Native Multi-Chain Token
technical component that enables tokenization with staking, right to access & transaction discounts
4thTech token (i.e. FOUR) is the ecosystem native utility token, used as the primary means to enable services, incentivize participants. It represents a unit of value with the right to stake and access to services discounts while enabling ecosystem tokenization.
4thTech tokenization service (i.e. TS); (1) enables the monetisation of 4thTech transactions (i.e. TX) and services through the use of cryptographic tokens; (2) enables users to “fuel” the data file & metadata wallet to wallet exchange with system supported assets (FOUR, ETH, EDG…); (3) enables users to receive service fee discounts when staking FOUR, and; (4) enables the right to access (i.e. FOUR staking is needed to access FOURim).
The History of FOUR
Developed and deployed in 2018, FOUR acted as one of the technical components needed for the 4thTech ecosystem tokenization on Ethereum chain, combining three technical utility features; (1) embedded TTS interface (i.e. token teleportation-service); (2) MTO (i.e. multiple-transfer option), and; (3) GAS feature. Due to Ethereum gas prices increase, the ERC-20 FOUR had to evolve to become a multiverse asset occupying the space of multi-chains while being used as the primary means to enable 4thTech services, services discounts, incentivize participants and provide a default mechanism to store and exchange value.
FOUR, a Multi-Blockchain Asset
Cross-chain interoperability of ERC-20 FOUR with other blockchains essentially increases the decentralisation of liquidity and unlocks a universe of possibilities for further development. The users instantly benefit from lower fees and the native DeFi economy of the bridged blockchain. With unchanged total and circulating token supply, the FOUR ERC-20 exists on its native Ethereum blockchain, while a wrapped synthetic version exists on the bridged blockchains.
ERC-20 to BEP-20 Bridge
Currently, there is no one-click solution for bridging FOUR between Ethereum and BSC. ERC-20 FOUR was bridged to BSC using OmniBridge and xDai chain. The 4thTech team is currently working on a solution specifically developed to enable simple bridging between ERC-20 FOUR and BEP-20 FOUR. Until then a manual is available on how to bridge now, using OmniBridge. In the meantime a sufficient BEP-20 FOUR supply will be established on BSC, enabling users to benefit from BSC low transaction cost.
ERC-20 to SPL Bridge
The Solana Wormhole bridge enables ERC-20 FOUR to bridge to SPL FOUR available on the Solana blockchain. The Wormhole bridge uses decentralized cross-chain oracles (i.e. guardians) operated by a set of node operators that include top Solana validators and other ecosystem stakeholders whose incentives are strongly aligned with Solana and Serum (Solana.com, May 2021).
ERC-20 FOUR Specifications:
BEP-20 FOUR Specifications:
SPL FOUR Specifications:
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