Inverter Network is formed with a vision that tokens, from the way they are created to the larger system they are connected to, can make modular money and programmable institutions possible on the blockchain by enabling issuing and distributing tokens in a programmable and dynamic way.
The technical research that evolved into Inverter Network’s technical stack began in the early 2021s. The Inverter research group, involving participants from diverse backgrounds across the ecosystem from token engineers to mechanism designers to traditional market brokers, was first focused on tackling the limitations of monolithic smart contracts by turning protocols into building blocks like LEGO pieces to form customizable protocol stacks, and second, mitigating the loss of value capture from sovereign token economies that provide utility to those protocol stacks.
After comprehensive research spanning nearly a year and a half, the Inverter protocol v.1 was designed as a modular infrastructure to facilitate blockchain use cases involving programmable money flows: ensuring the extendability and upgradability of protocol capabilities, as well as dynamic operability of embedded business logic and token economies via customizable admin panels to offer a comprehensive back-office solution.
One of Inverter's core objectives is to create a design space for innovative token mechanisms. We offer an open library of modules that enable users to build mechanism primitives. Our architecture then allows combining these primitives in various ways to serve different purposes and use cases. Two key aspects of our approach are crucial. Firstly, the Inverter’s protocol architecture makes these mechanisms accessible, affordable, and of high quality for all projects seeking to utilize tokens, eliminating the need for expensive resources in smart contract engineering. Secondly, Inverter modules makes every innovation and tool reusable and accessible to others. Thus, the token primitives in our library play a vital role in advancing the field of token engineering, enabling a streamlined process of turning ideas into smart contract mechanisms that integrate seamlessly into existing token economies.
Moreover, this approach offers a pathway for advanced research and development in token engineering. Collaborations with research leads, such as the BCRG RnD, have led to the development of modules like the Bonding Curve Module. We believe that by building sustainable support structures for researchers and creating a framework for catalyzing ideas into adoptable technologies, we initiate an invaluable learning loop for token engineers.
Our goal is to become a key infrastructure provider for improved token models, offering possibilities that open up entirely new types of use cases for projects that previously lacked access to such tools. Now, these projects can experiment freely and innovate without constraints.
Inverter Network understands the value of supporting meaningful public projects with sustainable token systems, shown by early users of the Inverter Protocol.
In 2024, our roadmap includes:
- Launch Inverter on Mainnet, along with the Inverter SDK & Control Room. Upon Mainnet Launch, the on-chain Inverter Module Registry will be available, along with its governance according to the Inverter Security Standard.
- Create Token Issuance templates for larger community members to customize and deploy their sovereign token economies
- Initiate the first set of public bounties for community module contributions and audit competitions
- Have a minimum of 3 token economies launched on Inverter protocol
Inverter Network History
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applied to the Token Engineering QF Grants Round: Spring 2024 6 months ago which was rejected