Third, Business model innovation of Chainless systems

Enter the white paper series

We start today to unveil the mystery of the chainless system and introduce the relevant contents of the white paper. Many programmers have had close encounters with Bitcoin and ended up empty-handed. We are destined to meet each other and believe your wealth is proportional to your cognition. Our airdrop design does not require you to spend money, but you must spend time reading articles to improve your cognition and contribute to your strength; otherwise, you will miss wealth. Interpreting the innovation of chainless systems” is divided into five sections.


The WEB3.0 chainless financial platform is referred to as the chainless platform. Its design breaks out of the constraints of the blockchain, and there is no limit to the impossible triangle of the blockchain. Cryptocurrency is better than advanced ideas, but its development is slow. According to statistics from PANews, at the end of 2022, there are 1,259 active DAPPs in Ethereum, which is really pitiful. The chainless platform adopts the idea of cryptocurrency and designs a transparent and centralized platform. The external characteristics are no different from the blockchain ledger. It is also a platform that implements openness and fairness and cannot be tampered with. Only in this way can the design compete with the ease of use of Web2, be popularized on a large scale, and make the number of DAPPs jump by an order of magnitude. Chainless design has no technical innovation and uses mature technology; it has unique innovations in products, incentives, communities, and core teams. This series has 5 sections in total. One is product innovation; the second is production relationship innovation; the third is business model innovation; the fourth is the role of the core team; and the fifth is the Interesting Reads Chainless Platform.

Third, Business model innovation of chainless systems

Customer reuse is the value of the platform

Why do bloggers go to Weibo? Why do podcasters go to YouTube? The reason is that the platform has a large number of users, and the platform has complete facilities. The broadcasters only need to do the business they are good at. Users feel like they have entered a large shopping mall to purchase their favorite products (hosts). The more products there are, the more users there will be, but for any product (broadcaster), the efficiency of user reuse is low. The main reason is that users cannot scan all the products within a certain period and find their favorite products. For traditional shopping malls, if products want to be sold, they must rely on in-store shopping advertising or shopping guides. At the same time, Internet platforms make recommendations based on the characteristics of customers. When users become accustomed to being “served” by recommendations, they “lose” their ability to search. What you see is what the platform recommends to you. Obviously, the fate of broadcasters and bloggers is in the hands of the platform. What should the host do if he refuses to accept his fate? “bribe” the platform, pay advertising fees to the platform, and gain exposure. You can also advertise on external platforms to divert traffic simultaneously to yourself and the platform.

On the other hand, you can also use YouTube, Twitter, etc., to divert traffic to your own platform. Please note that to divert traffic to your own platform, you must use YouTube and Twitter to “advertise” your platform. Effective traffic diversion cannot be achieved if the content is the same. Please refer to the YouTube Wenzhao channel to learn about Wenzhao’s effective diversion practices. “Diversion” or “drainage” means attracting customers.

Does the Ethereum platform have such a user reuse effect? Ethereum’s smart contract project, DAPP, uses Ethereum for transactions, and its users must be Ethereum users, so users are reused. Ethereum does not have the exposure bottleneck of the platform; there is no need for advertising similar to broadcasters, and there are no recommendations. All marketing must be done by the smart contract project DAPP itself, making it difficult for early-stage projects to get ahead. According to statistics from PANews, at the end of 2022, there are 1,259 active DAPPs in Ethereum, far less than the tens of millions of broadcasters and bloggers and less than the millions of mobile apps. They are all reused platforms; why is there such a big gap? It shows that there is great potential. Can we increase the number of active DAPPs on the platform?

Platform and project resonate, Web3 has more advantages

The biggest advantage of cryptocurrency is that it can issue coins. Issuing coins is different from sending money. Web2 can send money, but I haven’t seen anyone sending coins. Coins can rise, but cash cannot. If the platform and project issue coins to users simultaneously, it will be more attractive to users.

For example, the decentralized currency DW20 is an application project of the chainless platform. When it issues coins, the chainless platform also issues coins to the registered users, making the users of DW20 also become users of the chainless platform. The more application projects the platform has, the more free coins users may receive and the greater the appeal to users. On the other hand, the more users the platform has, the more application projects will be attracted to it, thus forming a positive cycle. This is the resonance effect.

Chainless is a transparent centralized platform close to centralized platforms in terms of ease of use. The chainless ecological support fund accounts for 30% of the total coin and is the largest share of ecological support in the cryptocurrency field. According to the chainless token distribution, the introducing party can get 10% of the user’s reward when a new user is introduced. The project party can also make profits as the introducing person and receive support from ecological funds, so they are motivated to transfer DAPP projects on the Ethereum are imported into the chainless platform. Mature cryptocurrency application projects will jump to the chainless platform, bringing new users to the chainless platform and gaining a large wave of new users themselves.

When DW20 customers obtain DW20 tokens, they also get chainless platform coins. Similarly, users of other projects can also receive chainless tokens after registering for chainless projects and can participate in various activities of the chainless platform. Our policy is to reward real customers because many applications require real names, especially financial applications.

No platform project in the cryptocurrency space has this resonance. It is the platform competition strategy of the chainless team. The chainless platform project support fund is an incentive for the project side, and sending chainless coins to users is an incentive for users. The project and its customers receive incentives at the same time. Coupled with the platform’s multi-signature and multi-backup wallet advantages and technical and ease-of-use advantages, it is very attractive to project parties and their customers.

Resonance phenomena may create amazing user growth rates. The concept of resonance is like this: the project and the platform promote each other’s growth.

Ethereum uses the wool-from-the-sheep model. Generally speaking, the resonance phenomenon is an improved innovation of Ethereum’s business model. If it stops here, the valuation model will not be much higher than Ethereum’s. The chainless community is prepared for the chainless system to realize the wool comes out of the pig model.

Financial Taobaois the next trend

The Internet was initially used as a tool, and point-to-point is the primary feature of the Internet. When people began to use the point-to-point feature of the Internet to disintermediate, changes in production relations occurred, and the Internet reshaped almost all physical business relationships. Thirty years later, only finance still uses the Internet as a tool. We cannot sell financial products like Taobao. Why? The reason is that Taobao sells “now,” and financial products sell “future.” The future cannot be seen or touched. The reason why we are deceived is that we don’t understand. The decision-making method for problems we don’t understand is to “believe.” Behind belief is credit and the level of credit is rating. However, when the share price of ICBC is 3.9HKD and the net assets per share are 9.6HKD; when we can see the predicted rate of return before buying insurance’s financial management, but we do not know the underlying assets and uses of the insurance company; When Credit Suisse can go bankrupt; can its ratings still be trusted? Who can we trust? The entire financial system is opaque; what you see is what they want you to see. Who is immune to the effects of inflation?

The Internet has given us two new factors: group owners and big Vs. Satoshi Nakamoto gave us two new methods: transparency and machine credit. These four points are used; there are conditions for the disintermediation of finance. You can open a financial e-commerce similar to Taobao. The chainless user community is an e-commerce company for financial products, and it is an organizational form that sells “the future.”

To sell the future, someone needs to increase credibility. It is the role of Big V.

Selling the future requires someone to verify it. It is a community discussion.

To sell the future, someone needs to try it out. It is the role of the group leader.

Selling the future requires face-to-face contact between manufacturers and communities, and direct sales from “manufacturers” reduce toll costs. It is what platforms are for.

From a transparent perspective, only fixed deposits under RMB 500,000 in financial products are transparent and certain. Others are all gambling, but the risk is different. Because legal currency will inflate, we cannot ignore financial management. Satoshi Nakamoto’s “peer-to-peer cash system” was created to eliminate inflation. The author described the principle of Satoshi Nakamoto’s elimination of inflation in “From a peer-to-peer cash system to a bubble-free financial system (”.

The financial industry is at the top of the food chain. Is it correct that financial services account for over half of the industry’s profits?

The practice of cryptocurrency has proved that the wool-on-sheep model is not enough to shake the status of financial monsters. Adding the wool-on-the-pig model to this model makes it different. The following is an excerpt from Chapter 3, “3.6.1 Financial Management Projects,” of the chainless White Paper, which may be easier to understand intuitively.

How does wool come out of a pig?

Let’s use an insurance company as an example. Insurance is a financial project and an enterprise that manages more than one million “employees,” so it is the most comparable. The turnover of grassroots insurance officers is huge because new insurance officers are unpaid. There are many types of insurance, and the commission for some insurance projects can reach 30% of the insured amount. Generally speaking, projects with long-term returns, such as financial management projects, do not have such high initial commission benefits, but giving 10% of the insured amount in the first year is a common way to motivate grassroots underwriters, including providing underwriters upline for total benefits are 15%-20%. The insurance company will take about 4 years to earn back this money. You will only get 80% of the money if you redeem it that year. Insurance companies need the underwriter’s connections and the underwriter’s explanation. With new insurance officers, there are new connections. Although the elimination is large, the relationships remain. An insurance officer’s personal connections, credibility, and professionalism determine his performance. Networking is the group leader’s ability, and explanation is the mentor’s ability. It is difficult for grassroots insurance officers to have this ability without long-term training, resulting in a high turnover rate. Insurance companies do not advertise and rely on this attrition rate to screen out suitable underwriters.

The credibility of insurance does not depend on the underwriter. In fact, it depends on the company’s ability and the insurance company’s stable investment ability. All insurance companies need to do is create a brand.

The chainless community is a good channel that can completely replace the functions of insurance officers at all levels.

1. Big V replaces the insurance officer’s explanation function

The cooperation of community tutors and temporary tutors (insurance experts) may replace the first function of the insurance officer: explaining. It is a public class.

2. The relationship between the group leader replacing the insurance officer

After the open class, can I form a group? Can. However, if A group member is “insured,” the owner of A group can share the interests. Because the personal connections belong to the leader of Group A. An enterprise must have rules if it wants to last for a long time. Insurance companies’ internal upstream and downstream systems ensure the system does not collapse. The group leader replaced the second function of the insurance officer, personal connections. Compared with trust in the group owner, the group owner should be more trustworthy. In this way, the functions of grassroots insurance officers will no longer exist.

3. Comparison of the distribution of policy renewal income

For the renewal of the insurance company’s insurance, the underwriter also earns from it. From the second year to the end of the renewal period, the insurer will still have a small income of about 1%-2% per year. At this time, the role of the insurance officer is to collect money and other work. Does the upline also withdraw commissions from renewals in the insurance company’s commission distribution? I have no idea.

The above is the distribution system of insurance. If the chainless community is connected to an insurance company, the chainless community can charge 15% of the initial annual fee from the insurance company. Later renewals are completed by the group owner and have nothing to do with the community mentor. If this insurance is a scam, Community Tutors are in big trouble. If you have any questions, you can ask the temporary tutor. Temporary tutors can form their own group, or others can serve as group leaders, called group B and a service group.

The distribution of the chainless community is as follows: 7% of the 15% rebate from the insurance company is directly given to the insured group members, that is, the “insurance holder,” which means that this person is 7% cheaper than directly going to the insurance company to apply for insurance. The two group owners, A and B, get a total of 4%; group leader A, who has connections, gets 2%, and group leader B, who does the work, gets 2%. Tutors get 2%. The other 2% is the profit of the chainless system. A total of 8% rebate is shared among the four parties. Insurance companies generally give 1%-2% rebates during renewal, while chainless communities only offer 1% rebates, which benefits insurance companies.

The chainless system gets a 1% rebate, group owner B receives 0.7%, and the chainless system gets 0.3%. Group owner B is responsible for after-sales service. If the service is not good, others may jump to other similar groups. Why can group owner B get 0.7%? He may have to pay because he wants after-sales service and invites tutors to provide services.

After cutting off one or two levels, the service will be more professional, trust will be better, and the insurance industry will change. Under the current insurance system, if grassroots insurance officers allocate 7% to policyholders, it would be difficult for them to survive unless they work part-time.

The above chainless distribution system can be easily implemented through smart contract programs.

There are many financial products, but the basic principles are the same. The principle is to cut off unnecessary levels.

Utilize Satoshi Nakamoto’s transparent ideas and community forms to challenge the black box of opaque finance. Please refer to Chapters 2 and 3 of the Chainless White Paper for details.

The business model of the chainless platform is a model in which the wool comes from the “pig + sheep.” It takes advantage of the transparency and credibility of the cryptocurrency platform and combines the social achievements of Web2. A good product must combine its predecessors’ advantages and address the market’s pain points. Chainless transparent centralization is such a platform.

If readers don’t understand the community, you can read “What Satoshi Nakamoto didn’t think of, what he didn’t say… Series 4: The cryptocurrency community has a long way to go” (

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