Evolution of BLOTX

We divide the establishment of the token into two phases to guarantee smooth processing in every stage.

Phase 1: Arbitrum Blockchain Integration

In the initial phase of the project, the BLOCKTRACTS platform will be deployed on the Arbitrum Blockchain Network. This decision is driven by Arbitrum's advanced scalability solutions, high throughput, and compatibility with Ethereum Virtual Machine (EVM) standards. Additionally, the BLOTX Token, integral to the BLOCKTRACTS ecosystem, will be launched on the Arbitrum network, ensuring seamless interoperability with existing decentralized finance (DeFi) platforms and exchanges. Gas fees for transactions on the network will be paid in BLOTX tokens, incentivizing token holders and providing a sustainable revenue model for the ecosystem. Subscription fees for platform usage will be separate and typically paid through traditional methods such as credit card, PayPal, or bank transfer.

Phase 2: Development of BLOCKTRACTS Blockchain

In the subsequent phase, BLOCKTRACTS will transition to its own dedicated blockchain infrastructure, known as the BLOCKTRACTS Blockchain. This transition aims to reduce transaction costs to almost zero and provide greater control over the underlying technology stack. The BLOCKTRACTS Blockchain will be optimized for contract management processes, offering enhanced performance, security, and scalability. With full autonomy over the ecosystem, BLOCKTRACTS will be able to implement custom features and enhancements to further improve user experience and efficiency.

Conclusion

Through strategic integration with established blockchain networks and the development of proprietary blockchain infrastructure, BLOCKTRACTS aims to deliver a cutting-edge contract management platform that sets new standards for security, efficiency, and innovation. By leveraging Arbitrum in the initial phase and ultimately transitioning to the BLOCKTRACTS Blockchain, we are committed to providing users with a seamless and future-proof solution for their contract management needs. With gas fees paid in BLOTX tokens and the development of dedicated blockchain infrastructure, BLOCKTRACTS is poised to revolutionize the contract management industry and unlock new possibilities for businesses worldwide.