Pocits Network project is about building an online world of geo networks where in addition to connecting with friends and contacts, you can engage publicly as a resident within your own city or town and county and beyond too. A place where you possess ownership, control and responsibility over your identity, content and communications via smart contracts free of the mystery data mining.
In addition to engaging with friends and contacts, the architecture of pocits.com is designed to:
simplify your digital life through multitudes of community and business apps,
connect people, organizations, and corporations as residents of city & town networks,
scale internationally within autonomous county, state, and country networks,
compete for local, regional, and international marketing budgets,
grant its revenue back to local enterprise projects in perpetuity, and
monetize independent content creators and broadcasters too.
Development is funded by the commoditization and sale of its advertising via pocitcoin. The project's reserve of 100 million tokens are disbursed as required to provide liquidity to the project's 800 million enterprise pool; it's global development budget. All project budgets, earnings and rewards are assigned and settled in pocitcoin which project's and developers may swap or exchanged via the project's reserve for cash and/or select crypto currencies (BTS & BTC).
PRODUCTS, CIRCULATION & TIME
All marketing within pocits is managed through a single control panel with directory, promotion and advertising apps that feature your business content and community activities for free to visitors of corporate and professional profiles with circulation fees to the city's public commons where people can search, find, browse and discover you.
The Marketing project handles all things related to the commercial and non-commercial marketing within the network. Pocits suite of marketing apps makes doing business easy, effective and cost efficient. The team's objective is to:
maximize the business-consumer dynamics and utility of the network
assess the advertising potential of each type of regional network within pocits.com
create the marketing suite's products and user control panel (bizcard)
manage the establishment of the core business-consumer SMARTS for marketing
update and maintain exchange rate pricing for cash and/or alt crypto currency purchases
direct sales revenues to their respective reserves
manage Partners Program exchanges
The Index project is about the design and creation of the PDX with ongoing maintenance to include multiple parties in various capacities working in concert as required. The project requires analysis of both online and offline advertising mediums to determine, design, and formulate the required metrics that calculate a basket of team marketing products within three classes: directories, promotions, and advertising.
The PDX measures and equates the percentage of change in the market price of pocits.com’s ad-block (marketing suite) against its competitor ad-block, a similar basket of products. As the network's suite of marketing products are priced in pocitcoin, the PDX serves a price discovery mechanism for advertisers and token holders. The index provides industry metrics that minimize volatility in the price of its marketing products via the free-market exchange of pocitcoin.
Pocitcoin transforms advertising from a static expense to a dynamic commodity. In addition to redeeming tokens for superior business-consumer advertising and networking at pocits.com, corporations, professionals and the general public may buy and/or sell the network's ad-blocks as a commodity for their profit potential via the free-market exchange of pocitcoin.
The mandate of the Token project is to establish, secure and maintain its integrity as a commodity and initial distribution as outlined in this document, at pocitcoin.org and at pocits.com. Oversight and fair market price for pocitcoin is provided through the Pocit Index, the token’s price discovery mechanism.
Pocitcoin is a digital asset issued on the Bitshares blockchain and trades under the name POCIT. Each token represents an ad-block: a fixed amount of marketing products, circulation and time within the ecosystem of pocits.com. The token's value is the goods it secures as the network’s marketing suite is priced in pocitcoin. The token offers utility and guaranteed buying power. A token can redeem a full ad-block irrespective of rising and fluctuating prices for those same products in all other currencies.
The Reserve project is about establishing and maintaining an liquidity pool of POCIT assets within each county network as part of the token's initial distribution. A county reserve facilitates the sale of the network's marketing products to advertisers and disburses project grants to the enterprise initiatives of the membership. The total amount of ad-blocks distributed to each reserve is proportional to population at a one-to-one ratio thus a county of 100,000 population is allotted 100,000 ad-blocks for project grants with an additional 12.5% (12,500 tokens) to convert advertiser cash sales.
At pocits.com, 100% of the advertising revenue earned from your town stays in your town! By simply marketing goods and services, network advertisers help to support enterprise in their community. Your county's advertising sales revenue is retained within your local reserve.
Pocits.com sells marketing products to advertisers only, it does not sell tokens directly to network members nor on the Bitshares' Exchange (DEX). All marketing products that are purchased with fiat or other crypto currencies are by conversion from the token's spot price plus a surcharge. For all non-pocitcoin purchases, the reserve offsets that revenue by burning an equal amount in tokens. The reserve maintains a 1 to 8 ratio of its total asset holdings to issued grants.
The Enterprise project is about supporting local initiatives through the distribution of pocitcoin granted to the projects of pocits.com members. The lion's share of pocitcoin (80%) is distributed via project grants to the enterprise initiatives of pocits members within each county network. Projects posted by members in the county commons and endorsed by the residents, qualify for pocitcoin grants.
There are three classifications of projects: private, community, and business. Projects can swap their token holdings for other currencies from their reserve. Projects may disburse their granted tokens to project workers, exchange them with merchants, or sell them peer-to-peer with any buyer or sponsor. Members can support a specific project by simply purchasing tokens directly from the project itself.
The XCHG project is about the design, structure and operations of Pocits' asset management and currency exchange services. The XCHG facilitates pocitcoin exchanges between network members both virtually at pocits.com (database) and on the DEX via Bitshares financial utilities (blockchain).
The XCHG provides financial services to network the membership and and buys and sells assets on the DEX to provide liquidity to member token holders and grant recipients. In addition, the XCHG team facilitates currency swaps on behalf for all county reserves and trades its own holdings to strategically profit and balance its portfolio for the benefit of the XCHG traders and depositors.
TERMS OF AGREEMENT
How many times have you clicked on Terms of Agreement but never actually read all that legalese? The SMARTS project is about a new approach to user policies and agreements that simplifies, educates and informs network members with specific and relevant information on request.
SMARTS is an acronym for systems management assumptions and assertions, resolutions, terms and statutes. At any and every point of engagement within the Pocits network, users can access, view, and choose to opt in or out of specific policies through the SMARTS interactive wiki styled forums and governance. In addition to the network's SMARTS system, a company, organization or person can independently create their own SMARTS to tailor policies and agreements with employees and clients, members and contacts, and followers too.
The corporate director of the Pocits Project is Pocits Inc. The company was founded in May of 2009 to research and develop pocits, a multipurpose information transmedia concept to simplify online networking and communications between people, organizations and corporations.
The pocits.com network was engineered to be a public utility and does not operate as a corporate entity nor does it contract with any corporate entity deemed as being a country, county, municipality, city or township. In keeping with this intent, Pocits Inc transfers ownership of its property and rights over to the pocits.com domain name, logo and trademark branding, the UI and UX architecture and software, database(s), data, and hardware to the collective membership of the pocits.com network via the trade sale and subsequent acquisition of these assets to:
sever the platform as separate and apart from the legal corporate entity of Pocits Inc, its founders, advisers, shareholders, creditors, and any related obligations and encumbrances if any, and to
set Pocits Inc separate and apart from the Pocits Project and the Network to serve in a directorship capacity only as overseer of ongoing systems development and operations, and thereby
render the network to its collective membership in perpetuity free from future trade sale acquisitions by any corporate or private entity, and to
liberate pocitcoin from any inference as being a security or investment instrument rather than being a commodity, and to
initiate the token’s distribution via the first transfer of pocitcoin to facilitate the purchase and acquisition from Pocits Inc.
This acquisition was settled by transfer of i200,000,000 to Pocits Inc and equates to 2% of the total supply of pocitcoin. The status of the company’s token holdings are:
i20,000,000 Operations (circulating supply)
i80,000,000 Term Deposit (non-circulating)
i100,000,000 Pocits Project Reserve (kickstart investment)
The company is responsible for the oversight of the Pocits Project and all its systems development projects. The company executive, staff and partners endeavor to ensure that each aspect of the project conforms and complies with applicable legal and taxation regulations for each of the regions within which it operates.