What is Lightstreams (PHT)

Lightstreams is a blockchain network that will enable for a range decentralized use cases.

With a peer-to-peer storage that supports privacy between participants Lightstreams aims to open up the possibility for more complex Decentralized Apps (DApps) than currently achievable.

Lightstreams will use a Token Curated Governance system such that token holders collectively curate a constitution and associated by-laws in order to maintain a stable network for the users of the network.

The Lightstreams network consists of an independent Ethereum-compatible blockchain. Instead of Ether as the native currency, Lightstreams will operate via its own native token that has a unit value called a Photon (PHT).

Applications built on top of the Lightstreams network may wish to integrate their own token using an ERC20 contract or similar.

The utility of the PHT token will be:

– To pay for transaction fees.

– For purchasing digital content.

– To participate in governance of the network.

Using a system of staking tokens, network participants will be able submit proposals to amend the network protocol. Proposals will be voted upon and successful approvals will be implemented through coordinated software upgrades by special network nodes called Authority Nodes.

Details

Pre-sales: Dec 05, 2018 – Jan 05, 2019
Public sales: Mar 15, 2019 – Mar 31, 2019
Token supply: 165,000,000
Soft cap: 2,000,000 USD
Hard cap: 20,000,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: USA, China
Registration country: Estonia
Registration year: 2018

Token info

Ticker: PHT
Type: Utility-token
Token price in USD: 1 PHT= 0.15 USD
Accepted currencies: ETH
Token distribution:
55% – presale and crowdsale
20% – team
10% – future offering
8% – advisors, dev partners, seed
5% – Dapp incentives
2% – bug bounties
Funds allocation:
55.4% – technical development
12% – marketing and communications
8% – event hosting and sponsorship
13.7% – office and indirect costs
10.6% – accounting and legal costs