Lotus

The token of appreciation

Lotus is a priceless digital token of appreciation that you can always keep at hand.

We are about

Smart contracts

Taproot with state, bigger integers, more opcodes and a new smart sighash

Self-funding

50% of new coins go to miners, 50% to projects supporting the community

Scalability

Based on the codebase of eCash, which allows organically scaling to +1M transactions/second

Stability

Issuance of new coins softly follows supply and demand

Our mission

Powerful symbol of appreciation

Every day, in our interactions with other people we have experiences that make life worth living. We say, “thank you” to each other. But, talk is cheap and words are fleeting. It’s easy for someone to express appreciation through words alone. How motivating is “thank you?” What if we could seamlessly back our words with something priceless? What would the world look like if we had a more effective way to express gratitude to each other? What if we could keep the “appreciation,” we receive, forever?

Eternal gratitude

The joy of giving and receiving

The Lotus Project believes that it would foster the spirit of reciprocity. We believe that it would guide people towards positive actions -- and away from things that are not beneficial. And we are creating a way to do exactly that. Flowers are often given to show appreciation, but we cannot keep perishable flowers at hand. By tokenizing a flower, we can always have the symbol with us. Tokens take up no physical space, and do not perish. The lotus in particular symbolizes purity, enlightenment, rebirth, and regeneration. These are the values which this token seeks to represent.

Community first

Lotus is a community-driven innovation that will ensure that your gratitude is preserved forever.

The Lotus token ledger is maintained on a permissionless, uncensorable, and open blockchain which is maintained and enabled by software produced by the Logos Foundation. New tokens are minted through proof-of-work mining and given as a reward to the developers who lovingly produce the infrastructure which enables the token to exist and be transferred, and to the miners who carefully maintain the accuracy of the blockchain. This occurs through "block rewards", which are open and transparent. Unlike Bitcoin, which is a speculative asset, Lotus is priceless -- a token of appreciation -- having sentimental value. The reward schedule is programmed to react to changes in the demand for Lotus tokens and is inflationary. By being inflationary, there is no reason to hoard it except as a reminder of how much people value us. Lotus is not to be an investment, but our investments in each other will generate more Lotus.

New Lotus are issued through rewards that are split between miners and projects which benefit the public good as a show of appreciation.

Whenever you use Lotus to appreciate your friends, you know that you're also supporting these great projects.

Logos Foundation

The Logos Foundation is responsible for running this project and ensuring the infrastructure is in place for all users. Without which, Lotus would not exist.

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Stampchat

StampChat is a decentralized end-to-end encrypted messenger which uses the Lotus token to ensure all messages you receive are valuable. This allows spam to be filtered on the platform without centralized moderators. The communication is decentralized, secure, and uncensorable.

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Be.cash

Be.cash collaborates with the Logos Foundation to assist in developing the lotus blockchain software, as well as developing Point of Sale systems and mobile payment methods for areas without the necessary infrastructure for traditional payment methods.

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Bitcoin ABC

Bitcoin ABC develops highly scalable open-source software for mining and transferring cryptotokens. Although Bitcoin ABC does not charge for its work, Lotus uses this software as a basis for the network and deems it appropriate to reciprocate to these developers.

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When you give or accept Lotus you are supporting the commons and adding value to the worldwide economy.

The initiatives you support when you use Lotus are:

Human rights
Renewable power
Digital privacy
Permaculture
Open source software
Humanitarian efforts

Have a question? Check out our frequently asked questions to find your answer.

You will need to run Lotus Node on your computer. You can find instructions here. To check your hashrate and approximate rewards check our rewards calculator.