What is ASIMO?

ASIMO Smart Contracts Platform is an End-to-End contracts management Software as a Service (SaaS) application which allows you to create smart contracts for you, your business or your customers using a simple and intuitive drag & drop designer interface.

Features:
    1.   Drag and Drop Smart Contracts Builder
    2.   Built-in multi wallets management
    3.   Deploy contracts on various Blockchains
    4.   Interact and monitor using built-in Dashboards
    5.   Integrate with Enterprise Applications using APIs
    6.   Custom Oracles
    7.   Encrypted document storage on Cloud
    8.   Notification and Alerts
    9.   ASIMO token rewards

Why build on ASIMO Smart Contract Platform?

Abstracting and Demystify the Contracts Complexity
Building Smart Contracts on blockchain requires deep programming language skills and full knowledge of the Layer 1 blockchain solutions where you want the contracts to be deployed. The contract code also needs to be thoroughly validated and tested. ASIMO SCP offers an ability for you to build, test and deploy smart contracts across various blockchains using a simple drag and drop interface. ASIMO SCP will also offer a catalog of pre-built templates that have been audited, trusted and battle tested. This will significantly cut down the time needed to build new and custom contracts. This allows you or your organization to scale to thousands of contracts and also have an ability to montior them using a real time dashboard.

Cost Effecient

Object storage on Layer 1 blockchains is extremely expensive. For example, storing 1MB of data on Etherium can cost an upward of ~$5000. We are solving the problem by offering Cloud storage where documents and artifacts (linked to smart contracts) will be encrypted along with the hashes for integrity and verification. ASIMO SCP uses a hybrid model where the artifacts are immutable and stored indefinitely on the Cloud. Cost of storing 100MB will be ~$5. These artifacts whose hashes are referenced in the contracts can be retrieved or validated at any time. This allows unlimited storage of documents while paying negligible cost of storing these as opposed to storing them directly on blockchain.

Integration with Enterprise Applications
ASIMO SCP helps organizations quickly adopt and use smart contracts by allowing API, GraphQL or Webhook based integration with thousands of Enterprise Applications. This allows you to build contracts that can interact with external sources and execute automatically as per the data trigger logic defined in the ASIMO SCP. Some of the planned integrations include ServiceNow, ADP, SalesForce, Nasdaq, Bloomberg, SAP etc.

Manage Multiple Wallets
The platform allows adding multiple wallets across various contract workflows all of which can be monitored through a real time dashboard.

Notification and Altering
You can create custom notifications that are delivered directly to your email inbox, SMS, Teams or Slack channels when certain configured events occur. For example, recieve notifications when a contract finishes executing or when the wallet balance reaches a certain threshold.

Role Based Access Controls and IdP Integration
Integrate with your organization's AD or OAuth solutions. Give access to your contract development team based on their roles and be able to audit and set guardrails.

    Tokenomics

    ASIMO is a Layer 2 token that will power the ASIMO ecosystem. The tokens will have various utilities within the Smart Contracts Platform as described in the Whitepaper.

    Distribution of Tokens
    10% of the Total Supply will be held in the product development wallet, 20% of which will be spent annually. 50% of the revenue earned from fees will be distributed to the Platform Customers as rewards in proportion to their spend. This help incentivize higher platform usage.

    Burn Mechanisms
    20% of the total supply will be held in a Burn Reserve Pool wallet. 25% of the tokens will be annually burned to create a deflationary pressure and reward long-term holding of tokens. 50% of the fees from revenue earned will be burned every quarter.

     

    Fees
    While the platform is free to use, ASIMO Tokens will be required to be paid as platform fees to deploy the contracts to Layer 1 solutions such as to Ethereum Blockchain.

    Object storage on Layer 1 blockchains is extremely expensive. We are solving the problem by offering Cloud storage where documents and artifacts (linked to smart contracts) will be encrypted as well as hashed for integrity and verification. ASIMO Tokens will be required to pay for storage of documents and other artifacts in the Cloud.

    The fees will allow us to pay for the operational cost and continuous product echancements of the application.

USE CASES

Example of the types of contracts you can build on ASIMO SCP

Supply Chain Contracts with various vendors

Create complex contracts where vendors gets paid based on the quality, timely delivery and the quantity of the parts delivered.

Property Rental Agreement Contract

Set automatic payments for your rental properties using custom contracts created through ASIMO SCP where deposit and rental terms are defined and executed automatically.

Contract based on SLAs/SLOs/SLIs

Create contracts which allows automatic payment transactions (reward or penalty amount) based on the real world SLO/SLI data ingested through the Enterprise Applications such as ServiceNow.

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