The Official XSL Labs
Introduction
The purpose of this white paper is to provide a comprehensive and global understanding of the XSL Labs’ project. This is not intended to replace the technical document that provides more details about the various technologies’ choices (consensus, encryption, etc.). The technical document will be made public in December 2020.
XSL Labs1 will be tasked with creating an ecosystem in which user data is protected to the maximum. All of the services offered in the ecosystem will be accessible with the SYL token, and the remuneration of the various members will be made through it.
XSL Labs will develop a series of decentralized apps that will use SYL on the DLT Pulsar. These distributed apps and app extensions, including ONE, CONNECT, CORTEX and many others, will be developed in its future premises.
What is the XSL Labs?
XSL Labs is committed to deploy a new tool that will allow digital identity to be tamper-proof and decentralized. Through an ecosystem offering alternative services and its interoperability, Secure Digital Identity will integrate perfectly with all the solutions of an increasingly connected Web 3.0.
The issue of data gathering and privacy protection is omnipresent. Removing the means of data gathering in order to disarm malicious actors is unfortunately not an option, as Shoshana Zuboff, Harvard Business School’s emeritus professor of sociology, suggests in her book "The era of surveillance capitalism"2 . To adapt is necessary to allow the user to be protected while indulging the benefits of data streams in our globalized world. We need to move from a strong asymmetry of benefits between individuals and business, to a symmetry of benefits derived from data gathering. This will be the Internet of Trust.
This solution brings several benefits such as:
• The correspondence of the user's identity on the app with his real identity
• Guaranteeing the fact of dealing with a person of the desired sex
• Avoid certain forms of attempted scams
Language of the document
• SYL: name of the native asset of the distributed ledger Pulsar (it will at first be available as an ERC20 token).
• XSL Labs: organization that will be in charge of the development of Pulsar, One, Connect, etc., the distribution of the network, the adoption, the evaluation of candidate-projects for SYL and the equitable distribution of SYL.
• Pulsar: distributed ledger with SYL as native asset.
• Secure Digital Identity3 : set of data managed exclusively by each user to permit digital identification.
• ONE: central application of the SYL ecosystem, which brings together a large part of the services offered through its extensions.
• SYL Library: the dApp Store. It will also ensure the quality of the services and that they are GDPR compliant. All services offered on the SYL Library will use SDI as a trust mark
The ecosystem
XSL Labs will offer a decentralized identifier called SDI, a distributed dApp store called SYL Library, and an dApp allowing the interoperability between the ecosystem’s services called ONE. They will work as a single tool to make the user experience easier and more enjoyable.
Pulsar
Pulsar will be the distributed ledger that serves as the bedrock for the decentralized identifier and the entire ecosystem of dApps and dApp extensions.
SDI
SDI will be a set of encrypted personal data that only the user can read. It will be used in the SYL ecosystem and will be interoperable with other web 3.0 systems.
SYL Library
SYL Library will be a dApps and dApp extensions’ store. It will ensure the quality of the services and that they comply with the GDPR. All of the services offered on SYL Library will use the SDI as a guarantee of trust.
One
ONE will be a distributed app that will enable the management of the SDI, the management of the SYL wallet, the integration of services from the ecosystem and the control of interactions with other users.
Smart contracts
A distributed system8 will deploy smart contracts directly to Pulsar to enable escrow and the implementation of software that captures data from oracles9 . Smart contracts will play an important role in building a network of trust.
Smart contracts will offer different types of services based on the Internet of Trust with utilities such as:
• Give users the right to decide who can send them tokens and who cannot
• Define multiple users for the execution of a transaction on a shared account
• Define daily, weekly, or monthly payment limits
• Create an SDI without or with KYC10
• Set distributed apps on the network
Consensus
The consensus mechanism will be a variant of the Delegated Proof of Stake (DPoS)12 mechanism. To enable a healthy ecosystem to develop, the accumulation of wealth should not be the only deciding factor within the network. The DLT Consensus will be derived from DPoS but with a concern for fairness, inclusivity and for non-favouritism towards large wallets.
The advantages:
• Foster a fairer ecosystem and better quality of services
• Fairer and more efficient governance
• Limit the incentive to vote for candidates promising a redistribution of earnings
Presentation of SYL
SYL is a utility asset, native to the Pulsar distributed ledger, designed to carry value. It will initially exist on the Ethereum network in the form of an ERC-2013 type token in order to be exchangeable between users upon completion of the ICO.
SYL will grant a right of use to its holders, allowing them to use the various services offered within its ecosystem. Therefore, XSL Labs considers the SYL to be a utility asset.
The total number of SYL will be 10,000,000,000. This is the maximum amount, no other SYL can ever be created, the protocol will not allow it.
It can be divided up to 6 decimal places, which corresponds to 1,000,000 Syloshis for 1 SYL. The Syloshi is the smallest division of the asset. 1 Syloshi is equal to 0.000001 SYL.
The SYL will be created and designed to allow:
• Transfer of value
• The purchase of services
• The execution of Smart Contracts
• Network protection against spam
• Reward for validators
XSL Labs
XSL Labs will be responsible to develop an ecosystem around the Internet of Trust. It will have all the funds related to the Initial Coin Offering to ensure the development of Pulsar and its components including distributed SDIs, distributed apps and distributed app extensions.
XSL Labs is an incubator and provider of grants for projects that wish to be developed on Pulsar. The aim is to create a complete ecosystem around the protection of personal data by allowing development teams to participate in it.
XSL Labs will also be in charge of promoting the ecosystem and creating all the conditions necessary for its mass adoption. It will have 30% of the total amount of SYL (3,000,000,000 SYL if 7,000,000,000 are distributed during the ICO) as well as 100% of the funds invested under the ICO.
An escrow account with a progressive release will be created in order to release the 3 billion SYL through Smart Contracts, which will respect fixed rules:
• A maximum of 60,000,000 SYL will be released from escrow each month
• The first cycle will last 50 months.
• Each month, not distributed SYL will be placed in a new cycle.
• The number of distributed SYL is divided by two at the end of each cycle.
THE FONDAMENTALS OF SYL
Underlying technology
A decentralized identity will be deployed on a DLT. Distributed apps as well as different extensions will be part of the services offered within the SYL ecosystem.
Market size
The global Big Data and Analytics’ market size was estimated at $ 171.39bn in 2018, and is expected to reach $ 512.04bn in 2026, with an annual growth rate of 14.80% between 2019 and 2026 according to Valuates Reports. Between the two periods, the market will have multiplied by 3.
https://reports.valuates.com/market-reports/ALLI-Manu-3K13/gblobal-big-data-and-business-analytics
This market is divided into 5 areas :
7%: Diffusion & targeting (A)
16%: Gathering of data, sale and rental of database (B)
18%: Storage structuring, Hosting (C)
22%: Online advertising (D)
37%: Analysis & Intelligence (E)
The SYL's areas of action are A, B and D. Which, by 2026, will put the SYL on a maximum market of 220.16 billion euros (these figures are only indicative).
Number of users
Europe has 741.4 million inhabitants.
On average 93% of the European population uses the Internet and smartphones.
https://fr.digitalsobe.com/statistiques-dutilisation-mobiles
The number of potential users of our services is therefore 689,502 million for the EURO zone. International expansion is possible but this is not, for the moment, part of the initial phase of the ecosystem expansion plan.
Application of the theory of quantitative currency to SYL
Calculation
● Ms1 = (P1xQ1) /V1 + Ms2 = (P2xQ2) /V2 + …
● Ms : the fundamental value of money supply or market cap (in USD) per service
● V: the velocity or the number of times the Token is exchanged over a period of time (per year)
● P: the price of the product or service sold (in USD)
● Q: the quantity of products or services sold over a period of time (per year)
Example
● 200 services
● 20 services at 1$ - […] – 20 services at 10$
● 12 of velocity (full resale of developer stocks without Locking)
● 7,000,000,000 SYLs in circulation (not counting Locking)
● (Ms (1) = ((1 x 100000) / 12) x 20) + (Ms (2) = ((2 x 100000) /12) x20) (Ms(3))….+
● (Ms (10) = ((10 x 100000) /12) x20) = 9 166 440$
SYL Tokenomics
Quantitative and qualitative analysis of the SYL and its ecosystem, identification of the value creation’s levers of the token.
Token & Sale
The SYL will be the utility token of the Pulsar distributed network
It will be necessary for the creation of an SDI, for the execution of Smart Contracts and will be usable within the ecosystem to access the various services that will be offered within SYL Library.
Price evolution
CURRENT PHASE
0.002$ per SYL
(3 000 000 000 available at this price)
NEXT PHASE
0.003$ the SYL
(3 000 000 000 available at this price)
ISSUANCE Token
All undistributed tokens will not be issued.
10 000 000 000 SYL at most will be issued.
TOKEN Distribution
● TOKEN SYMBOL: SYL
● NUMBER OF DECIMALS: 6
● ONE SYLOSHI: 0.000001
● MAX SUPPLY: 10 000 000 000
Team
Georges Tresignies
FOUNDER
Ludovic Ryckelynck
FOUNDER
Franck Guillaud
DIGITAL AND TERRITORIAL MARKETING
Johanna Guillemoteau
MARKETING AND DATA ANALYTICS
Michael
DIGITAL COMMUNICATIONS DIRECTOR
Edmond Babin
DEVELOPER
Christophe Requin
DEVELOPER
Benoît Philibert
UX / UI DESIGNER
Karen Péloille
ANALYST
Conclusion
Above all the SYL token will be a means of exchanging, purchasing services and executing Smart Contracts within the SYL ecosystem. The value of the asset will therefore depend on the number of services and their cost, the number of assets in circulation, the velocity within the ecosystem and the supply/demand in the speculative market..
It should be noted that even if XSL Labs disappears, the ecosystem will continue to develop autonomously and to operate perpetually, powered by the players of the network. This is possible because of the decentralization characteristic of the network, and its lack of need of a central and unique decision-maker. Through this "Tokenomics", we can understand that all the players in the ecosystem will have an impact on the asset’s price through their various services.
For more information about this project you can see it below:
● Website : https://www.xsl-labs.io/
● ANN THREAD: https://bitcointalk.org/index.php?topic=5287198
● Twitter : https://twitter.com/XSL_Labs
● Facebook : https://www.facebook.com/XSL.Labs/
● Telegram : https://t.me/xsl_labs_official
AUTHOR :
Bitcointlak username : Galih_Al karim
Wallet address : 0x57162Fe45De6c93B20478e63a878A3FfF9658E29
