5fef59dc62a3b114e5123b68 - PackagePortal WhitePaper
5fef59dc62a3b114e5123b68 - PackagePortal WhitePaper
5fef59dc62a3b114e5123b68 - PackagePortal WhitePaper
Abstract
The PackagePortal is a platform that incentivizes online shoppers to scan shipping labels with
their mobile device. This enables real-time delivery confirmations & feedback about the delivery
experience directly from consumer to shipper, circumventing carriers & their surcharges. The
ecosystem leverages smart contracts for the tokenization of scan data, and the transferability of
its value, rewarding users for scans in the form of tokens ascribed redemptive value within our
platform. Online merchants and retailers are able to use PackagePortal to reconnect with their
shoppers at the moment of delivery, and easily operate blockchain based loyalty campaigns, as
they collect valuable consumer and delivery data, accompanied by driver ratings.
Welcome to PackagePortal 3
PORT Tokens 5
The Ecosystem 5
Phase One - PORT 5
Phase Two - XPORT 6
Phase Three - MPORT 7
Redemption Value 7
Redemption Value vs. Market Value 8
Smart Contract Disbursement 8
Redeeming PORT 9
How is the Redemption Value of PORT maintained? 9
Token Burns & Buy-Backs 10
Fungibility 10
Governance 10
Disclaimer 13
Addendums 14
Version Modifications 14
The PackagePortal app provides a transparent data bridge between online shoppers and
shippers, by leveraging the trustless programmability of on-chain smart contract transactions,
and the tokenization of tracking numbers.The platform enables e-commerce merchants and
their consumers to exchange delivery data and value, independent of whatever carrier may be
providing transportation of their goods.
Our mission is “to reunite online shoppers and shippers at the moment of delivery”. We fulfill that
by facilitating the ownership and transfer of delivery data and the value it creates. Blockchain
technology helps us do it transparently and efficiently, and will enable us to address multiple
touchpoints of e-commerce order fulfillment services.
This potential of PackagePortal as a doorway to crypto for many, is one that is carefully and
thoughtfully approached. The level of responsibility is noted, and met with an eagerness to
educate and nurture new entrants into this space, equipping them to safely navigate the
technology and their newfound digital sovereignty.
The glaring problem with this process is found at the end. Not only do drivers make errors, but
their scans merely capture GPS & a timestamp indicating: “I put that package, in that place, at
that time”. This desperately lacks trust and finality. Packages left on doorsteps are subject to
theft, damage, and in some cases spoilage, before ever being actually retrieved by the
customer who paid for the product and ultimately funded that delivery service.
At PackagePortal, we believe tracking can only truly end with the customer themselves
indicating: “yes; i did indeed get my delivery; at this time and this place...and in this condition”.
By enabling online shoppers to scan their own shipping labels, merchants can get real time
confirmations, as well as feedback about carrier performance and shipment conditions. Since
merchants and consumers can get their own independent datasets that are free from carrier
bias, delivery companies and drivers can be held accountable to better service and honest data.
Additionally, the customer and driver are not inconvenienced or forced to exchange unsanitized
devices for traditional signatures.
The fees charged for delivery confirmation today are atrocious. At the time of writing, average
rates exceed $5 per signature (see the bottom of page 8 here, or look at this). At
PackagePortal, we believe this price point to be unjustified, and a huge barrier to entry for
thousands of merchants who want delivery confirmations, but who’s margins don’t support such
an expense per unit.
Nevertheless, without an incentive, customers won’t participate, and carriers will continue to
monopolize delivery data. This is why PackagePortal exists. We can offer confirmations and
more robust data, at a fraction of those carrier rates. We achieve this with software that
tokenizes each scan, allowing us to capture and share the value created with those users that
are generating it. Now, when a PackagePortal user scans an approved tracking number, a
smart contract writes the scan data to the Zilliqa Blockchain, and issues a proof-of-receipt-token
to that user, as a means of measuring scans and rewarding shoppers.
PORT tokens have a redemptive value on the PackagePortal platform that remains static. Every
scan of an authorized tracking number will earn at least 1 PORT. Users may collect & redeem
these tokens on our platform for products, merchandise, &/or services facilitated by
PackagePortal and its network of retail merchants.
Users who decide not to redeem tokens right away, will have the ability to earn more tokens by
staking or providing liquidity for PORT pairs. Alternatively, users may also convert PORT into
ZIL in order to access the larger ecosystem of applications and services integrated with the
Zilliqa network.
The Ecosystem
E-commerce deliveries happen everyday, on every continent, with hundreds of millions of
shipments happening daily, and exponential growth year over year. So in theory, a successful
business model for PackagePortal demands billions of tokens to be minted as we grow over the
years. In order to balance such an inflationary supply of tokens into the future, while maintaining
frontloaded value to our earliest adopters & partners, the PackagePortal ecosystem will support
3 iterations of the PORT token’s life-cycle.
● Phase One: PORT
○ Total Supply - 10 Million
○ For Early Adopters
● Phase Two: XPORT
○ Total Supply - 100 Million
○ For Gaining Traction
● Phase Three: MPORT
○ Total Supply - 10 Billion
○ For Growth & Scalability
Once all 10 million PORT tokens have been mined by user scans and are in circulation, a new
token and supply will be introduced to continue rewarding new and existing users for each scan
into the future. This token will be a 10x supply increase from the original PORT, with the roman
numeral “X” indicating such, having a ticker symbol of XPORT.
XPORT will carry the same
redemptive value as PORT
on our platform; however
while holders of the original
PORT token will be eligible
for premium rewards, prizes,
and bounties, XPORT holders
gain static redemptive value
alone and have no eligibility
for premium rewards or
governance.
Because PackagePortal is confident that sustainable revenue will be secured moving into
Phase Two, we will eliminate premining after Phase One. This means 90% of the total supply of
XPORT (90 Million) will be locked in the scan contract for mining, with the remaining 10% (10M)
earmarked as ecosystem funding for the provision of Staking and LP Rewards and network
maintenance.
Once all 100 million XPORT tokens have been mined by user scans and are in circulation, a
new token and supply will be introduced to continue rewarding new & existing users for each
scan into the future. This token will be a 1000x supply increase from the original PORT, with the
roman numeral “M” indicating such, having a ticker symbol of MPORT.
● PORT - $1.00*
● XPORT - $1.00
● MPORT - $0.50
The original PORT and XPORT will both be worth $1 within the platform. However, as stated,
original PORT holders gain eligibility for exclusive rewards and prizes along with governing
rights, while XPORT holders possess redemptive value alone. After both PORT and XPORT are
fully mined, MPORT will then be introduced, with half of the redemptive value of its
predecessors.
*Please note: Exiting our platform and trading our tokens in public or external markets comes with
inherent risk of loss. Users are expected to do their own research before attempting to remove
tokens from our ecosystem. While we encourage users to take digital sovereignty, exiting our
platform should only be done by those who are experienced in such matters, and legally able to
do so in whatever jurisdiction(s) they may be subject to.
Neither the company, nor its agents or officers, will ever imply, insinuate, or otherwise
communicate that any token created by the company, may increase or decrease from the values
we’ve assigned them above. No tactic or strategy shall be conducted, nor will any directives be
given, that would seek to stir speculative expectation of financial gain by the trading or
exchanging of our tokens outside of our platform.
A token becomes an “unregistered security” when profits are promised, implied, or expected.
Package Portal Inc. is a legal entity subject to the regulatory control of the great United States. As
such, we seek to curate and sustain a reputation of trustworthiness & consumer care in an arena
marred by scams and shams.
To that end, our token(s) value is fixed w ithin our platform, a nd its value sustained therein. If
tokens are sold by the company at any time, the price will match the static redemptive rates
shown on the previous page. This is meant to insulate our users from external risks, and
eliminate any implication of potential profiteering from the trade, swap, or resale of our tokens.
Please note that this auto-send function is fully functional, but has been temporarily disabled
until network processes are validated &/or audited. During this stage, users will be sent tokens
manually every week on Sundays before midnight UTC. After successful mainnet probing, the
auto-send script will be redeployed, and users can expect tokens to arrive in their wallets within
minutes after scanning approved codes.
The redemption process requires a minimum amount of PORT to be redeemed at once. Users
can earn and save until they reach their desired token count, and redeem those tokens when
their goal is reached, for whatever item they’ve decided to claim.
Effectively, each consumer scan equates to a delivery confirmation & rating submission, which
PackagePortal sells to shippers. The value of those sales are encapsulated in the PORT token,
and issued to the user responsible for generating that data.
Regulatory bodies in many jurisdictions (including the United States) consider this to be a form
of intentional price manipulation, and concerted effort to boost speculative exchange rates, by
decreasing the supply against its market cap. Instead, PackagePortal promises that the value of
each earned token will remain constant on our platform, and that the company will use every
resource available to broadcast that value unilaterally.
PORT will be priced at $1 at the time of the pool creation. Likewise, the future listings of XPORT
and MPORT will be priced at $1 and $.50 respectively. Market value may vary or differ from
redemptive value. The company will use its platform, resources, and social profiles to
communicate that any departure from these values, whether in sale price or bid ask, is
unwarranted, and that all risk is assumed by the user at the time a swap is conducted.
Governance
As technological and legal advancements accompany dynamic token distribution & holder
demographics, the Board will put forth Proposal-1 which will decentralize control and
governance over multiple aspects of the PackagePortal platform.
Upon implementation, holders of the original PORT will be given on-chain voting rights for
various decisions involving, but not limited to:
● Rewards Distribution
● Staking & Liquidity Yields
● Premium Prize Sourcing
● Campaign Participants
● Charitable Donations
*Please note: No proposals have yet been submitted, nor will be submitted until after all 10 million
PORT are in circulation, and platform stability has been demonstrated. Upon the last PORT being
mined from our scan contract (when XPORT is introduced), Proposal-1 will be issued to the
public. In the months leading up to that time, drafts will be made public so that community
feedback and participation in the review process will influence its structure.
*Governance and voting rights will also be afforded to gZIL holders. Details will be put forth as
users begin scanning the final 1 million PORT.
Liquidity Provision
Liquidity pools will be created on ZilSwap to provide users the ability to exit the PackagePortal
platform, and participate in the wider ecosystems of applications being built on Zilliqa and
Ethereum. Holders who provide liquidity within those pools, will generate rewards. Every PORT
locked in a sanctioned pairing, will earn the following rewards:
Staking
A staking contract will be deployed in early 2021, with all subsequent LP and Staking reward
distributions being automated. Wallet support will be announced prior to deployment.
Quite simply, if you send business our way, we’ll give you half of whatever our product and
service generates from that client. Anyone shipping items online can benefit from our service.
Yet, many of them need to be educated as to why...this is the nature of nascent technology and
innovative solutions for ordinary problems. Nevertheless, we’ve witnessed communities come
together to produce some incredible outcomes and contribute in wonderful ways. Our hope is
that our network of users and supporters will produce opportunities for growth, and if so, those
efforts will be rewarded equally & handsomely.
Please send referrals to [email protected] Your email should contain a link to, and
description of, the referral company, as well as CC’ing your point of contact within the
organization.
The tokens exist for consumptive purposes, as a means of exchanging value on, and in connection with,
our own platform and ecosystem. The tokens have a fixed internal value and constant redemption rate for
items, services, & products available within our platform, or the platforms owned by our strategic partners
&/or affiliates. Any supply of tokens in circulation possesses immediate usability in our ecosystem. Be
aware that exiting our platform, or removing the tokens from our controlled ecosystem is done so at your
own risk, having acknowledged the general counsel provided in this disclaimer. Users of the
PackagePortal platform are expected to be aware of the laws or regulations of their local jurisdictions. It
is the obligation of the user to evaluate if use of the platform would be unlawful under any law or
regulation of the jurisdiction they’re subject to. Use of the platform is an acknowledgement & acceptance
of this disclaimer.
Addendums:
● PORT Allocation chart.
● Token Supply Column c hart
Version Modifications