TECHNOLOGY
As everyone already knows, Polkadot is a multi-chain system that was created to help fix the scalability issues plaguing some of our industry peers (Ethereum, Bitcoin, Tron… you name it!). However, as anyone who has ever been in a long term relationship can attest to, the honeymoon phase must eventually come to an end. InvArch has decided to introduce a cross-chain IP Pallet Module in order to expand the functionality of IP minting directly and throughout the entire Paraverse. In doing so, InvArch will be able to expand its reach across various chains while simultaneously allowing Polkadot/InvArch users to communicate with these other chains via IMPS (inter-multi-para-system messaging services). By bridging the gap between chains, InvArch continues to reinforce its role as an industry leader for interoperable multi-chain solutions.
What is the true usefulness of IP in a cross-chain ecosystem? As if it weren’t enough that it can be transmitted and saved through Polkadot relay chains (with an ultimate goal of achieving decentralization), it must also be able to be used across multiple platforms without requiring a change in protocol. This is how InvArch solves the problem--by creating a Cross-Chain IP Pallet Module. We will achieve this by integrating existing IP minting services with Cross-Chain IP Pallet Module so that there will no longer be a need for a separate IP minting event for every single Parachain. In short, we are building not just one IP system, but several.
InvArch is creating a protocol that will allow other projects to mint their own IP (Intellectual Property) into the Polkadot ecosystem. The more functions a protocol has, the more useful it will be to those who wish to develop and run on the system. The Intrachain Module provides cross-chain linking which opens up channels for further development on any technology - distributed systems, blockchain or otherwise.
The InvArch Parachain will serve 3 key purposes within the InvArch protocol and future dApps built upon it. To ensure maximum utility and extensibility of the InvArch Parachain for all future dApp development, the structuring of the InvArch Parachain has been designed with a modular architecture that allows for flexibility in adapting to various technologies for implementing its functions as well as providing options for privacy mechanisms.
InvArch offers a revolutionary approach towards the integration of it’s IP Pallet protocol. A total of 100,000,000 VARCH tokens (10% of the total supply) will be allocated towards integration rewards. Each and every Parachain that integrates the InvArch IP Pallet Module into their runtime will be rewarded a portion from these 10% IP integrations. To top it off, IP module integrations are subject to an additional one percent allocation from the protocol treasury. This will further incentivize Parachains to integrate this new technology.
The InvArch team would like to apologize for delaying the VARCH Token Generation Event. The current state of the Statemint chain has not met our technical expectations for onboarding, and this date is a lower cost solution to complete what we set out to do. By taking a step back, we've increased our chances of success by allowing more time to complete development of a platform that allows us to create a utility token on the scalable and interoperable Polkadot network.
COMMUNITY
This is a better way to fund projects than the current ICO model because it further decentralizes the funding and brings decision-making power to the majority of Parachains. These tokens come in three flavors: The Yellow, Green and Gold. Each token has special powers as well as new benefits upon being cashed out by any party running a proposal chosen by majority vote. Parachains that have issued invArch will be able to use each color's voting power (yes/no/maybe) by staking sums of their native tokens equal to their individual assets (digits power).
FINANCE
A number of famous businessmen and women will be assisting with this project in an advisory capacity, including one that you may have heard of. We have been getting quite a bit of press recently. This is likely due to the fact that the cryptocurrency markets are increasing in value, but there is also a growing discontent with the monetary system that we are currently under.
CONCLUSION
InvArch is a creative collective of architects and engineers that are revolutionizing the way we make buildings. We are just getting started and are working on some exciting updates for the community!
