Where we’re at

We have launched our production version browser for Mac, Linux, Windows and Android, with over 60,000 subs in just 4 months. We have integrated with IBC Cosmos as key technology for not only the “internet of blockchains” but also our joint broader goal of the “metaverse of metaverses.”

What are the Browser benefits?

Our browser not only stores but also values user data generated by browsing the web securely as part of users’ DecID. This gives users complete control over their Web3 data and metadata, who they choose to show it to and what they do with it. This is in line with GDPR and data protection laws.

Because user data is securely valued, a proportionate value of this data is returned to users in Decentr’s native token $DEC, directly into a user's dWallet each month. The dWallet is integrated as part of a user’s account.

How it works

DEC is one of only a few tokens with intrinsic value because it is based on a valuable digital asset – data.

The browse-to-earn (#BrowseToEarn) feature works by algorithmically assessing the data contribution a user has made as regards browsing and engagement the previous month. This is measured against the increase in overall token value, and consequently allows users to share in this increase.

The share of $DEC each user receives is based on what we term a user’s ‘Personal Data Value’ or PDV.

PDV functions as a ‘personalised’ exchange rate that allows users to gain economic benefits based on the value of their data, as determined by their PDV rate.

A user’s PDV increases through positive engagement, reuse and exchange of their data across the decosystem and the metaweb.

This is a game-changing decentralized economic theory and model (called the ‘deconomy’) that will power Web3 and the metaweb. PDV will eventually enable users to apply their PDV at Point of Sale (PoS) to receive a proportionate discount on goods and services, based on their PDV rate.

Simple example: if 1 DEC = 1 USD and a user has a PDV of 1.1000 then all purchases he or she makes are 10% cheaper at PoS. The ‘difference’ between the seller price and “discounted” price is met by the proportionate increase in the Decentr system reserve.

What is critical to note is PDV is the only truly decentralized Defi feature that exists as it is 100% user centric.

PDV can be ported across many of our defi features and planned cross-chain applications.

How PDV/data benefits users now

The mid- to long-term vision for Decentr to apply PDV at PoS is still in its early stages. While this gap is being bridged, Decentr has designed an alternative method to incentivise users:

As users interact with the Decentr ecosystem their PDV grows in value. Decentr currently provides a pool of 300,000 DEC rewards each month. Decentr takes the total PDV difference over the course of a month for a user and distributes a reward in DEC from the rewards pool, proportional to their share of overall PDV.

PDV therefore determines the percentage share of the DEC a user receives each month.

With Decentr, you get paid for browsing the Internet as you always have.

Why this valuation method is game-changing

There are many apps and platforms, including Brave, Gener8, FusionCash, DataCoup, etc., that attempt to capture/record their users’ browsing data so the company can ‘sell’ this browsing data in bulk, and then offer users some kind of miniscule ‘share’ in the profits gained. Decentr offers a game-changing alternative on two important points:
    1. Decentr users capture this value on-chain in their own wallets, so not is it only more accurate and granular but a user receives 80% of the value in cash (not merch, redeemable ‘partner’ vouchers etc). This forms part of a true, user-centric, data economy – one where users generate data of value and this value is returned to them as PDV/cash.
    2. The accurate, granular value of data in Decentr is unique because it is on-chain, which means every user ‘action’ (every click of the mouse or stroke of the keypad) is a secure ‘transaction’ on our blockchain. Users can derive economic value from these secure data ‘transactions’ via our suite of DeFi features—all as easy as browsing the web.

The result

The Decentr browser provides a secure gateway to crypto for both new and seasoned users alike, where users can simply download the Decentr browser and have all the necessary abilities, tools, links etc to simply start crypto’ing!

Decentr’s ‘superpowers’

Because the Decentr browser is natively blockchain aware, it can do things that other browsers can only dream of!

The most important of Decentr’s ‘superpowers’ is the integration of chains and tokens that will have a direct impact on the crypto user experience for both new and existing users alike. We continue to redesign our user onboarding and setup process to reflect this in subsequent versions across all platforms.

What does ‘natively’ blockchain aware mean?

Existing browsers, like Chrome and Firefox, interact with web3 via extensions and are not natively blockchain aware. Even the current crypto browser of choice, Brave, is not an actual web3 browser and uses ERC20 to connect to a centralised wallet provider in Uphold (this is past their somewhat shaky token utility and incentivisation model).

The Decentr browser now changes all of this and, as a result, our short term adoption and user acquisition strategy is based on the crypto ecosystem itself.

This is a logical strategic decision based on not only our existing user base and its ability to refer additional users to the ecosystem, but also due to the massive gap in the market for a browser that by design provides the necessary features, abilities and security for new users entering the crypto ecosystem.

As per other Tendermint/Cosmos deployments, Decentr’s mainnet operates on a delegated Proof-of-Stake consensus mechanism. This means there are a series of Decentr nodes that will power the blockchain/network and users will have the ability to either create their own Decentr node, or delegate their stake to an existing Decentr node and earn network rewards as a result.

The APR on network rewards is currently ~20%. By creating a Decentr node or delegating your stake of native DEC tokens towards a node, you will not only be earning these network rewards, but also helping support and decentralise the Decentr blockchain and ecosystem.

Even better, DEC token holders who wish to delegate their stake to a Decentr node can now do so directly via the Decentr browser.

Delegated staking provides an easy way for DEC token holders to earn APR on the Decentr network without having to run a Decentr validator.