Trias (Old): Trias White Paper

What is Trias (Old)

Friends, imagine we live in a world full of all kinds of smart devices, from phones and computers to smart homes, and even future self-driving cars, all running various software non-stop. We hope these software and devices can act like loyal butlers, strictly following our instructions—no slacking, no cheating, no leaking secrets. But in reality, software bugs, hacker attacks, and data breaches are rampant, greatly undermining our trust in these “smart butlers.”

The Trias (Old) project, abbreviated as TRY, was born to solve this core issue. It positions itself as a “Layer -1 Blockchain” (Negative One Layer Blockchain) and decentralized cloud computing infrastructure. Simply put, if the internet is the foundation (Layer 0), and public chains like Ethereum are the first floor (Layer 1), then Trias (Old) aims to go even deeper underground, the “negative one layer,” to lay an unbreakable trust foundation for all software and intelligent systems. Its core goal is to ensure that machines can “do as they say,” strictly executing programmed instructions, thereby establishing an unbreakable trust relationship between humans and machines.

Trias (Old) offers a “Decentralized Software as a Service” (DSaaS) model. Traditional software services (SaaS) are usually provided by a centralized company, and if that company has issues, the entire service may be interrupted or attacked. DSaaS, on the other hand, uses blockchain technology to distribute the operation of software services across multiple nodes worldwide, eliminating single points of failure and making services more stable and secure. It can support native applications on various platforms, whether servers, PCs, mobile devices, or IoT devices. Its typical use cases include building trustworthy distributed applications for enterprises and ensuring software behavior is transparent and verifiable.

Project Vision and Value Proposition

The vision of Trias (Old) is to build a powerful, trustworthy, and secure general-purpose computing infrastructure. It hopes to use technology to ensure all internal systems and software run deterministically, meaning they only work as expected, without unexpected errors or malicious behavior. It’s like installing an “integrity chip” in every piece of software, ensuring they always fulfill their duties consistently.

The core problems it aims to solve include:

• Lack of Trust: In the digital world, it’s hard to fully trust software and systems because they may have vulnerabilities, backdoors, or be maliciously tampered with.
• Security Threats: Various cyberattacks, data breaches, and privacy violations are frequent, causing huge losses to individuals and enterprises.
• Centralization Risks: Traditional cloud computing and software services rely too much on centralized entities, posing risks of single points of failure and data monopolies.

Compared to similar projects, Trias (Old)’s differentiator is its unique “negative one layer” positioning. Most blockchain projects focus on the application layer (Layer 2) or the base public chain layer (Layer 1), while Trias (Old) goes deeper into the software execution environment, aiming to solve the trust issue of software at its root. Through its three-layer technical architecture, it strictly verifies and supervises software behavior, ensuring its integrity and trustworthiness.

Technical Features

The technical core of Trias (Old) is a sophisticated “three-layer architecture,” like a trust factory with multiple checkpoints, ensuring every aspect of software is trustworthy. The three layers are:

1. Leviatom: This layer is the “foundation” of Trias (Old), integrating “Trusted Execution Environments” (TEEs) technology and a consensus mechanism called “Heterogeneous Consensus Graph” (similar to Hashgraph).
   • Trusted Execution Environments (TEEs): Imagine you have a safe, and what’s inside is absolutely secure—no one can peek or tamper with it. TEEs are such a hardware-secured area, ensuring that software code running inside cannot be interfered with or modified by external malicious programs.
   • Heterogeneous Consensus Graph: This is an efficient consensus algorithm that can quickly verify whether the behavior of nodes in the network is honest. The Leviatom layer, through these technologies, acts as the “negative one layer” for other public chains, responsible for identifying and correcting inaccurate behavior in nodes, ensuring the reliability of software execution from the very bottom.
2. Prometh: This layer is the “quality inspector” of Trias (Old), a traceable development framework. Its main job is to check software behavior and find “bad code” that may lead to unexpected results. When data enters the system, Prometh records it on the ledger and verifies it through a series of checks, ensuring the data and software can complete tasks as expected. It thoroughly checks all functions and security risks, like giving the software a comprehensive physical exam.
3. MagCarta: This layer is the “smart contract language” of Trias (Old), a Turing-complete smart contract description language. Its role is to schedule and coordinate applications on the Prometh layer to run on the Leviatom network. Unlike most smart contract platforms, MagCarta is designed to provide embedded and customized consensus strategies for enterprise-level decentralized applications (DApps), enabling complex enterprise applications to run securely and efficiently on the blockchain.

In terms of consensus mechanism, the NETX mainnet (TSC Mainnet) of Trias (Old) adopts a mechanism similar to Delegated Proof of Stake (DPoS), called TPOS (Trusted Proof of Stake). Initially, there are 9 super nodes responsible for network consensus, but this can be expanded to 100 super nodes as needed to ensure network security and decentralization. Officially, the maximum transaction processing speed (TPS) of the NETX mainnet can reach 12,000 transactions per second.

Tokenomics

The token of the Trias (Old) project is TRY, but please note that in July 2024, the Trias project underwent a major contract upgrade, exchanging the old TRIAS token (TRIAS (OLD)) for the new TRIAS token (TRIAS (NEW)) at a 1:1 ratio. Therefore, when referring to “Trias (Old),” we are mainly discussing the situation before the upgrade, but it is crucial to understand its migration to the new token.

Basic Token Information

• Token Symbol: TRY (old token)
• Total Supply: 10,000,000 TRIAS.
• Current and Future Circulation: According to official information, the lock-up period for all 10,000,000 TRIAS tokens has ended, and all are now in circulation.
• Inflation/Burn: The project has a buyback and burn plan for $TAS tokens, using $TRIAS for buybacks to reduce the supply of $TAS.

Token Utility

The TRIAS token plays multiple key roles in the Trias ecosystem and is the core of its economic model:

• Network Payments: Used to pay for various service fees in the Trias network.
• Staking: Holders can stake TRIAS tokens to support network security and operation. By staking, users have the opportunity to earn rewards such as $GROW, $TAS, and $TSM.
• Governance: Users who stake TRIAS tokens can participate in mainnet governance, proposing and voting on important project decisions to jointly shape the development direction of the Trias ecosystem.

Token Allocation and Unlocking Information

According to the initial allocation plan, the distribution ratio of the 10 million TRIAS tokens is as follows:

• Public Investors: 6%
• Seed Investors: 8%
• Foundation: 20%
• Ecosystem: 13%
• Team: 10%
• Early Supporters: 10%
• Network Rewards (Mining): 30%
• Marketing: 3%

All tokens’ lock-up periods ended in 2023, meaning all tokens have been unlocked and are in market circulation.

Team, Governance, and Treasury

Core Members and Team Features

The core founder of the Trias project is Dr. Anbang Ruan. He founded Trias in 2016. Dr. Ruan holds a PhD in computer security from Oxford University and has over 12 years of experience in trusted computing, cloud security, and cryptography. The design and implementation work of the team is also supported by research results from the Trias founding team’s work with the Peking University System Security Group since 2009. This strong academic and industry background provides a solid foundation for the project’s technical strength.

Governance Mechanism

The Trias mainnet has implemented a governance plan, allowing TRIAS token holders to participate in network decision-making by staking their tokens. This means community members can propose important proposals and vote on them, jointly deciding the development direction of the ecosystem. This decentralized governance model aims to ensure the project’s long-term development aligns with the collective interests of the community.

Treasury and Funding Runway

Details about the specific size of the treasury and funding runway are rarely mentioned in public information. However, the project successfully raised $1.6 million in its initial token offering (IEO). In addition, 20% of the token allocation belongs to the foundation, which is usually used for the project’s long-term operations, R&D, and ecosystem construction.

Roadmap

The development roadmap of the Trias project is divided into several stages, aiming to gradually build its trustworthy computing infrastructure and ecosystem.

Key Historical Milestones and Events

• 2016: Dr. Anbang Ruan founded the Trias project.
• 2021: TRIAS token officially launched.
• 2023: The team focused on data and security, aiming to attract clients such as banks, financial institutions, and governments.
• April 2024: The first phase of the NETX ecosystem migration plan launched.
• July 2024: Trias underwent a major contract upgrade on Binance Smart Chain (BSC), exchanging the old TRIAS token (TRIAS (OLD)) for the new TRIAS token (TRIAS (NEW)) at a 1:1 ratio. The old token was burned and is no longer in circulation.
• August 2024: The second phase of the NETX ecosystem migration plan launched and ends on November 30.
• To date: The NETX mainnet has processed over 103.496 million transactions, demonstrating its performance and stability.

Future Key Plans and Milestones

The future development plan of Trias is mainly divided into four stages:

• Stage One: Build the “negative one layer” trusted technology and network foundation. This stage uses the Heterogeneous Consensus Graph (HCGraph) algorithm and node trust verification to establish a trusted network infrastructure.
• Stage Two: Integration of trusted networks and cloud computing. Aims to break the limitations of public chain applications and allow Web2 applications to enter the Web3 world with unlimited possibilities.
• Stage Three: Combine Layer 2 privacy computing to build a trusted financial and pan-financial service system related to real-world assets (RWA).
• Stage Four: Establish a trusted infrastructure for the interactive development between computers and the world.

In addition, there are the following important plans in the near future:

• Cross-chain Bridge Function: Expected to launch before the end of October, allowing TRIAS (TEP20) token holders to seamlessly transfer tokens between Polygon, Binance Smart Chain (BSC), and the TEP mainnet.
• Mainnet Staking Plan: Coming soon, allowing users to stake TRIAS (TEP20) tokens to earn rewards such as $GROW, $TAS, and $TSM.
• Mainnet Governance Plan: Will allow stakers to participate in network governance.

Common Risk Reminders

As a blockchain research analyst, I need to objectively point out the possible risks of the Trias (Old) project. This is not investment advice, but to help you fully understand the project.

• Technical and Security Risks

  • Technical Complexity: The “negative one layer” architecture, TEEs, and Heterogeneous Consensus Graph concepts proposed by Trias are very cutting-edge and complex. While this may bring powerful features, it also means high development and maintenance difficulty, and potentially greater unknown technical risks.
  • Mainnet Performance and Stability: Although the official claim is that the NETX mainnet TPS can reach 12,000, its actual performance in large-scale applications still needs time to be verified. Any emerging blockchain project may face challenges such as performance bottlenecks or security vulnerabilities.

• Economic Risks

  • Token Migration Issues: Historical data shows that during the migration from Trias (OLD) to Trias (NEW), some users reported encountering “maximum token limit reached” or conversion pages not working properly. This may hinder users’ asset conversion or even cause losses.
  • Old Token Liquidity: With the launch of the new token, the liquidity of the old token may drop sharply or even disappear completely. Some users reported encountering zero liquidity when trying to convert old tokens to USDT. If you hold old tokens, be sure to understand their current exchange status and risks.
  • Market Volatility: Like all cryptocurrencies, the price of TRIAS tokens is affected by market sentiment, macroeconomics, regulatory policies, and other factors, and is subject to significant volatility.

• Compliance and Operational Risks

  • Community Doubts: In some community discussions, users have expressed concerns about the project’s activity, transparency, and team communication efficiency, with some even calling it a “scam” or “money grab.” Although these comments do not represent the official stance, they reflect the doubts of some community members and should be noted.
  • Information Transparency: Although there is a white paper and official website, the disclosure of some key operational data (such as treasury fund usage, detailed team member information, etc.) may not be as open as traditional companies.
  • Regulatory Uncertainty: Global regulatory policies on cryptocurrencies are still evolving, and future policy changes may affect project operations and token value.

Verification Checklist

To further understand the Trias project, you can refer to the following official and third-party resources:

• White Paper: https://docs.trias.one/trias-docs-1/whitepaper/trias-whitepaper
• Official Website: https://www.trias.one
• GitHub Activity: https://github.com/trias-lab (Please check code update frequency and community contributions yourself to assess project development activity.)
• Block Explorer Contract Addresses:
  • TRIAS (OLD) on BSC (old token, migrated): 0xa4838122c683f732289805fc3c207febd55babdd
  • TRIAS (NEW) on BSC (new token): 0x184cff0e719826b966025f93e05d8c8b0a79b3f9
  • TRIAS (TEP20) (mainnet token): 0xc82F2c8d756ce1c89A523f131ffC697502845Ba5
  • ERC-20 TRIAS (old token on Ethereum network, may be inactive): 0x3A856d4effa670C54585a5D523e96513e148e95d

Project Summary

The Trias (Old) project, with its unique “Layer -1 Blockchain” positioning, aims to fundamentally solve the trust issue between software and machines in the digital world. By combining Trusted Execution Environments (TEEs) and an innovative three-layer architecture (Leviatom, Prometh, MagCarta), it has built a Decentralized Software as a Service (DSaaS) platform dedicated to ensuring deterministic software behavior and data security. Founder Dr. Anbang Ruan’s strong academic background and the team’s research foundation at Peking University provide robust technical support for the project.

The project’s TRIAS token plays key roles in payments, staking, and governance within the ecosystem, and all tokens have been fully unlocked. Notably, the project underwent a major token contract upgrade in July 2024, migrating the old TRIAS token to the new one, with the old token no longer in circulation. The roadmap shows the project’s grand vision, from building underlying technology to integrating with cloud computing, and eventually expanding into future finance and RWA fields.

However, any emerging blockchain project comes with risks. The challenges faced by Trias (Old) include the complexity of its technology, user issues during token migration, liquidity risks of the old token, and doubts from some community members about the project’s transparency and activity. In addition, the inherent volatility of the cryptocurrency market and the ever-changing regulatory environment are also factors to consider.

In summary, Trias (Old) proposes an ambitious solution, attempting to blaze a new trail in the field of digital trust. For interested parties, it is strongly recommended to conduct thorough independent research (DYOR), carefully review the white paper, official announcements, and community discussions, and rationally assess all potential opportunities and risks based on your own situation. Please remember, the above information does not constitute any investment advice.