Service Governance Platform

The Airetos Service Governance Platform (SGP), in simple terms, is a set of smart contracts deployed on EVM compatible blockchains that serve the following purposes:

Fee management#

• This component manages the fee tokens accepted by the platform for executing services.

• Administrators can register, enable, or disable various tokens (e.g., USDT, USDC, DAI, ETH) as accepted fee tokens.

• Users need to pay the execution fee (specified by the service provider) for the services they add to the prescript.

Service management#

• This component handles the registration and staking process for service providers.

• Service providers can register their offered services and specify the corresponding execution fees (e.g., KYC - 1 USDT).

• To prove their trustworthiness and commitment, service providers are required to lock up a specified amount of the Airetos native token as a stake. A slashing mechanism is in place to penalize service providers who provide harmful or unreliable services.

Treasury management#

• The Treasury Management component is responsible for distributing the collected fees and managing the staking and slashing mechanisms.

• It distributes a portion of the total fees received from users to the respective service providers as compensation for their services.

• Additionally, the Treasury Management component can allocate funds for a token buyback program, where a portion of the fees is used to purchase and burn the Airetos native token, thereby increasing its scarcity and value.