GIANT Protocol sounds very interesting!

  1. Data Contract tokens: These will be semi-fungible tokens , representing specific data plans , like 15 GB data for $250 valid for a month in the USA. While consumers still pay for these data packs , they have additional benefit in terms of earning yield on this tokenized data, and establishing a secondary market for data , something which Helium network has refrained from doing in terms of data credits. By using a system of reputation score and asking providers to put a collateral , it ensures right service from the providers.
  2. GIANT : It is the native token of the protocol , which will be used alike by providers and consumers to operate on the network. They will also be used to reward validators and for making governance decisions in the proposed DAO . It will also be used as collateral to mint DTC tokens.
  1. Teller protocol :Data providers can mint data contract tokens using the teller protocol , representing the data. It is done by a data provider requesting to mint a DCT, with the response from the smart contract to deposit a certain amount of GIANT collateral depending on the reputation score. Once the requested GIANT tokens are staked , DCT is minted.
  1. https://www.indiatimes.com/technology/news/giant-protocol-internet-access-560311.html
  2. https://www.aninews.in/news/business/business/young-indian-female-founder-aims-to-connect-the-world-using-internet-connectivity-based-decentralized-economy20220125221150/
  3. https://finance.yahoo.com/news/giant-protocol-raises-5-million-163000064.html
  4. https://giantprotocol.org/litepaper/
  5. https://www.businesswire.com/news/home/20220127005732/en/GIANT-Protocol-Publishes-Litepaper-for-Decentralized-Internet-Connectivity-Economy
  6. https://medium.com/web3foundation/how-nominated-proof-of-stake-will-work-in-polkadot-377d70c6bd43

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