Pillar Token

  • The Pillar token is a meta-token. It is designed to power all the services and transactions you use during your day. To make your life simple, you'll just see your normal currency plus your pillar balance. All the tokens necessary will be one level down, paying for the goods and services you use.

 

  • While the wallet and platform are open-source and free, users will pay for the various PDL services with pillar tokens as they use them. The token will power (provide micropayments for) the entire ecosystem, giving an instant business model to many projects that can tie in. This is the beauty of the token: you may need a service exactly once and you won’t need to sign up for it, you’ll just pay for it with a Pillar token and you’re done.

 

  • Here’s an example: you go see your doctor, she does some tests and gives you a prescription for some pills. All the data from that visit, and the prescription, will be copied to your wallet. You can then manage the prescription any way you like, including asking for bids from pharmacies for the lowest price, or fastest delivery, etc. In this case, pharmacies compete for your order, and their software can be aware what the bid/ask is, and they may give you special offers to choose their service or even pay you to watch an ad for a particular drug. This is all under your control - you decide how you want it, and you pay a small number of pillars each time you use the system for storing your records and letting you manage your relationship with the health-care system. Your data can even go to a study being done - with your permission - and even though you’re anonymous in the study, if they want to send you a message, you’ll have a choice of receiving it or not.

 

  • The pillar is a meta-token. For example, Brave has a native token for seeing customized ads and monetizing your browsing experience. Augur has a token for betting. Akasha has one for messaging. You'll encounter dozens or hundreds of tokens as you go about your day. All these tokens will be native in our system one level below the Pillar token. Users may only ever see pillars, or they may see the various utility tokens for the services they use.