Prices

Italian version

Updated on: 28.02.2020

This Document is intended to help you understand the pricing for T.R.I.N.C.I. Blockchain plans, and how much you will spend using the Independentchain blockchain network and/or with respect to the use of the modules depending on whether they are read and/or write enabled.

Introduction:

Our Blockchain is the first in the world that calculates transactions individually with the acronym “TPS” which stands for Transactions per Second. Each transaction recorded in blockchain may have different values depending on the type of Smart Contract, also known as the “Module”, you intend to use. Regardless, the charge method will not be subject to change, and will ONLY ever be calculated based on the blockchain entry (“entry” in this context means the inclusion of a transaction in the blockchain which certifies that an event happened at a distinct moment in time, and in a specific geographic point). Depending on the Module you wish to use, certain distinct scenarios might arise. For example, for any module received as a “license-as-a-service” one may set up entries to be charged to the organisations creating the blockchain networks as licensees. This is done by adjusting system preferences at the log-in stage. The list of prices for each “TPS” at the beginning of each new encounter will be listed, without exception, in the manner noted below.

Blockchain T.R.I.N.C.I.: all “TPS” transaction entries to your Wallet in the Synkrony Alias will be charged in real time. “Entry” in this context means a user adding a hash to the chain. Costs vary depending on the module and/or the volumes quoted in advance at the sign-up phase, and on the network resources used. The table below gives an overview of T.R.I.N.C.I. Blockchain prices.

ADVANCE-PURCHASE TPS PRICE LIST

ALFA

NUMBER OF TRANSACTIONS

PRICE PER TPS

From 1,000 to 1,500

Euro  0.25

From 1,501 to 5,000

Euro  0.24

From 5,001 to 20,000

Euro  0.23

From 20,001 to 100,000

Euro  0.22

From 100,001 to 200,000

Euro  0.21

From 200,001 to 300,000

Euro  0.20

From 300,001 to 400,000

Euro  0.19

From 400,001 to 500,000

Euro  0.18

From 500,001 to 600,000

Euro  0.17

From 600,001 to 700,000

Euro  0.16

From 700,001 to 800,000

Euro  0.15

From 800,001 to 900,000

Euro  0.14

From 900,001 to 1,000,000

Euro  0.13

Over 1,000,0001

Euro  0.12

BETA

NUMBER OF TRANSACTIONS

PRICE PER TPS

From 1,000 to 1,500

Euro  0,125

From 1,501 to 5,000

Euro  0,120

From 5,001 to 20,000

Euro  0,115

From 20,001 to 100,000

Euro  0,110

From 100,001 to 200,000

Euro  0,105

From 200,001 to 300,000

Euro  0,100

From 300,001 to 400,000

Euro  0,095

From 400,001 to 500,000

Euro  0,090

From 500,001 to 600,000

Euro  0,085

From 600,001 to 700,000

Euro  0,080

From 700,001 to 800,000

Euro  0,075

From 800,001 to 900,000

Euro  0,070

From 900,001 to 1,000,000

Euro  0,065

Over 1,000,0001

Euro  0.06

GAMMA

NUMBER OF TRANSACTIONS

PRICE PER TPS

From 1,000 to 1,500

Euro  0.0625

From 1,501 to 5,000

Euro  0.0600

From 5,001 to 20,000

Euro  0.0575

From 20,001 to 100,000

Euro  0.0550

From 100,001 to 200,000

Euro  0.0525

From 200,001 to 300,000

Euro  0.0500

From 300,001 to 400,000

Euro  0.0475

From 400,001 to 500,000

Euro  0.0450

From 500,001 to 600,000

Euro  0.0425

From 600,001 to 700,000

Euro  0.0400

From 700,001 to 800,000

Euro  0.0375

From 800,001 to 900,000

Euro  0.0350

From 900,001 to 1,000,000

Euro  0.0325

Over 1,000,0001

Euro  0,030

Figure 1. Overview of T.R.I.N.C.I. Blockchain pricing

The cost is charged upon each completed entry, and is charged for each action undertaken. For example, a member enters the cost of €1 on the blockchain; 1 Token is deducted from the Wallet, which must be pre-loaded with the electronic payment systems based on the actions one wishes to complete. For further information on how to pay, please review Payment Methods.

Network Baseline Components

To understand the pricing structure, we must begin with an introduction to basic networking components. T.R.I.N.C.I. allows for the creation of a blockchain network and/or the use of modules which are hosted on Independentchain.

Independentchain is a completely decentralised hardware network, a Proof Of Authority (POA) made up of certified nodes. No user on the network has any privilege over the other, no one may control the information stored on the same, modify, or eliminate them, and no one may alter the protocol which determines how the underlying technology works. There are also no hubs: the entire system is based on a totally distributed architecture. T.R.I.N.C.I. miners must meet the stringent accreditation requirements, and work with the objective of rendering T.R.I.N.C.I one of the most secure blockchains in the world. Architecture specifically designed and built by Affidaty S.p.A. supports three different classes, which are differentiated by security level, and continuity-of-service level. The “Terms and Conditions of Use” for each Blockchain shows the class into which the public data will be recorded. “Module” in this context means a Smart Contract which may be owned by Affidaty S.p.A., or by a third party using the T.R.I.N.C.I. blockchain.  For example, an application like “E-Choice” is a Module or Smart Contract running on a free license, and runs on a class of “Beta” nodes. To provide a bird’s-eye view: a T.R.I.N.C.I. blockchain network is made up of the following baseline components:

  • Synkrony Alias- Issues digital certificates to identify any interactive network component, thereby allowing for the accounting of debits and credits accrued against the T.R.I.N.C.I. network;
  • T.R.I.N.C.I. – Proprietary Affidaty S.p.A. architecture on which modules or Smart Contracts of any size are built, which must maintain a master blockchain ledger, and must verify the transactions. The modules may be made up of a single transferor (SOLO) or by a group of transferors. The modules arrange the transactions according to the smart-contract rules, delegating the sequencing of those transactions to T.R.I.N.C.I. The blocks are created on Independentchain and verified by Miners;
  • Independentchain – this is a distributed, decentralised, and certified network, made up of three (3) types of nodes optimised for high-level performance at low energy absorption, which allow for the T.R.I.N.C.I. blockchain to be mined. The classes of nodes:
  • – Alpha Nodes – Alpha nodes, installed directly in the Server Farm, ensure the maximum levels of service continuity and security, whether cybersecurity or physical security, boasting the highest structural standards. Download the Technical Specifications; – the Beta nodes, installed within the selected Mining Farm which are both qualified and certified, boast high levels of service continuity and strong security, both electronic and physical. Download the Technical Specifications; – Gamma nodes – Gamma nodes, installed on the Home Farm, have uncertain levels of continuity and standard system security, with no possibility of control by certified parties. They may be vulnerable to malfunction and to service interruptions. In each class of network, the nodes contain the Wallets, and the relation amongst these creates the blockchain ledger which verifies the transactions.

T.R.I.N.C.I.’s Blockchain on Independentchain offers a number of membership types. The price varies from module to module, but the cost is always borne by the party writing the blockchain, and who obtains a benefit therefrom. These modules will only, without exception, grant access to organisations through the Synkrony Alias. Using the Synkrony Alias, you can participate in an organisation once you agree to the conditions set by the peers who accepted the rules of the module. You do this by signing the Smart Contract, or your private key. By signing the Smart Contract or module with your private key, you accept the rules of the same, and all associated payment terms. Each Smart Contract contemplates specific cost functions, as well as the details of the network class in which it operates. Additionally, the modules differ in terms of the class of security and guarantee of continuity of service; this will likewise affects the cost of making entries on the blockchain. Key elements of the class of the network and price elements broken down by the Security category and quality of service offered:
 Alpha Nodes – the Alpha nodes, installed directly within the Server Farm, ensure the maximum level of service continuity and security, in addition to the maximum network speed and certified access control at top, universally recognised standards.
 Beta Nodes – installed within qualified and certified Mining Farms, boast elevated service-continuity levels, and strong security both on the network and the access side.
 Gamma Nodes – the Gamma nodes, installed at the Home Farm, have uncertain levels of continuity of service, and have no control by certified parties, and may be vulnerable to malfunctions or service interruptions

Example of Costs to be Borne by Users

1) Access to Affidaty Modules When Affidaty publishes the module for an application, it has its own set of Terms and Conditions of Use which sets forth: Costs for paid services; Class of Security of Nodes; Geolocalisation of the Nodes and Online Data Processing. 2) Access to Third Party Modules on T.R.I.N.C.I. When a third party uses a T.R.I.N.C.I. Smart Contract to create a customised module, is required to follow our instructions so that Affidaty S.p.A. can provide, in equal measure to all users, the applicable terms and conditions of use in a legally compliance manner with respect to the following elements: Costs for Paid Services; Class of Node Security; Geolocalisation of Nodes. Affidaty S.p.A. shall not be liable for the data processing of third parties.

New users must sign up to access the modules.

Sign up to reload credits, if you have not yet done so. Make sure that the credits are in your account before accessing the modules. On the other hand, you will not be able to take part in the blockchain communities, nor in the opportunities they offer, before the credits are applied to your Wallet. Reload Immediately or view payment methods.

Tokens may be purchased to spend within the modules. These are like arcade tokens; if not spent, they will remain the permanent property of Synkrony Alias. Credits will remain active as long as you keep your Synkrony Alias; therefore, they do not have to be used within a specified period. Credits may be spent on all services offered in the Affidaty modules and/or more generally within the T.R.I.N.C.I. world. Therefore, they may be spent on Affidaty Blockchain modules and/or on third-party modules if they use T.R.I.N.C.I. technology.

Format Pricing

Blockchain T.R.I.N.C.I. supplies pre-defined configurations in accordance with EU Regulation no. 254/2014 of the European Parliament and Council, of 26 February 2014, and in accordance with European Regulation no. 2016/679 (GDPR). You may choose the configuration with which you would like to begin. When you are ready, begin using the first modules in the world that allow you to have experiences which only blockchain technology can offer. However, we must inform you that before you begin to experience any module or Smart Contract, you must be familiar with applicable mathematical rules, and know what your network configuration is. To ensure the utmost availability, we strongly recommend always reading the Terms and Conditions of use for any module before registering for it using your private key, in order to ensure that you are joining the organisation fully informed, having considered the matter carefully.