On social networks such asFacebook, Instagram or Twitter, there isvalue that is transferred between users calledLike.
Whether it's a picture of a dog, a poem or a shortvideo, for every contribution to the community likes areexpected as a recognition for a good job.And they become an incentive for creating newcontent.
But asthere are an unlimited supply of likes, nobody ever ran out ofthem. Likes have no actual value and usersgive away likes to low qualitycontent.
What if we can create scarcity value onlikes by turning them into a freely transferabletradeable token with a limited issuance?
What would happen if we transformed likes intoLike Coins?
On one hand you'd have to thinktwice before handing out your tokens in exchange for low qualitycontributions because your stock of Like Coin islimited.
On the other hand you'd be able to giveaway as many Like Coins that you wish on certaincontent that you've really enjoyed. You could earn your Like Coinsback.
But this would mean that you should've actually contributedto the social network.
Today all social networksare turning to video as the dominant resourcefor engaging users on their platforms. Butvideo still relies upon a huge cost on storage andbandwidth.
By using a token such asLike Coin called Flixx,Flixxo users are engaged in helping improve videodistribution network by lending their storage spaceand their bandwidth in exchange for tokens.
Spending Flixx for consuming the content they really want towatch. And earning Flixx back for making thenetwork strongerwhether it was a smartphone, a tablet or desktop computer oreven a smart TV, Flixxo smartly uses any deviceconnected to the internet turning it into part of a decentralizedand incentivized peer to peer network thathas no structural costs. And unlimitedscaling possibilities.
Cent is a social networkthat functions as an income source. So it's an alternativeto employment.
Hi I'mBryan Colligan with AlphaGrowth and today we are here at San FranciscoBlockchain week. I'm here with Max fromCent. Max how are you?Tell me about Cent.
Cent is a socialnetwork that functions as an incomesource. So it's an alternative to employment.It's a way of sharing knowledge and creativitywithin a userbase and directing or exchangingfinancial and creative value foreach other in novel decentralized ways.
Whereare you at in your product life cycle?
Last Fall we pushed our betalive which isour bountry contract. A bounty you essentiallymake a request or ask a questionof the network. Like I need a logo or review my paper I wrotefor school.
You place a certain amount ofmoney as a reward for doingthat action.
Then the user base competesto give the best answer to thatquestion. And then the answers are voted on and the money is given to the bestanswers.
Is this kind of likeQuora?
We sometimes get calledCryptoQuora.
That's not a bad thing. That'samazing.
It's cool.We have seen a lot of people.. We have users in over120 countries now. A lot of people inrural India and Africa are using the service to answerpeople's questions andearn some amount of money. A few dollarsper week but it's enough for them to fundamentally change their life quite abit and we are scaling that up each month so that peopleare making more and more.
So you are here at San FranciscoBlockchain Week. What are youtrying to accomplish?
We are doing our private sale of our upcomingtoken right now. Any investors that are accredited weare looking to meet. But also potentialusers, potential other technical collaborators.
Atall the conferences I go to, thereare people I meet that I wanted to meet and somethinggreat happens out of it.
I think there is some aspectto life in just showing up..
You got to at leastshow up.
If people want to reach out to you and learn more aboutCent, how can they do that?
They can contact meat Max@Cent.co
Ifyou are a creator or if you are any sort of other person whoshares stuff online we are about to launch oursecond contract this week.
Soyou can share something like a poem,song, video and you post it andpeople come along and think that's really cool. And they also think other peoplewill also think that's cool. And what they can do is seed it withmoney.
That means they send a certain amount of money to acontract and half that money goes to the creator of the content and the otherhalf goes to the seeders that gave moneyto that content before them.
So when you give moneyto something, you are going to get a steady stream of moneyfrom everyone that comes after you that gives money to the same piece ofcontent.
It rewards both the creator and the early supporters of apiece of content financially.
So you are monetizing the viralloop?
Yes. We are incentivizingpeople to discover, share andsupport creators in a way that's not relying on altruism.It's relying on selfishness which wethink is an easier thingto rely on in the world today.
That's where Cent comes from,incentivization?
It technically comes fromincentivize and decentralized.But we like to think of every action on thenetwork being incentivized.
In thefirst contract we talked about voting on what you think the bestanswers are. Each time you vote you earn a little bit of Ethjust for doing that.So commenting and incentivizedcontent sharing and pretty much everything.
That's my favoritepart in the crypto world in general. How you canarchitect new types of behaviors.
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Welcome to a brief introductionof the Primas app. The first truly decentralizedapp that puts you in control.
Primas is aplace where you make the rules and can openly share ideas with thosewilling to listen.
But how does it work?
WellPrimas is an idea publishing and sharing platform.On the home screen, you can browse through the latest articles andsee what is trending in your groups aswell as some others you might be interestedin.
You can even write your own piece on your phone.Or on your computer using your webeditor.
Groups arewhere Primas comes alive. Catch up with what'shappening in the areas or industries thatinterest you. And support the verified originalauthors.
Withthe value tab, you can keep track of yourearnings and see the value of your contributions.Check out and customize yourpersonal profile to fit your personality.
Most importantly know that you are contributingto our movement to restore health to the internet.
A community of developers - Building the future of
Giveth isthe happy ending of the DAO.It's taking the same idea ofputting a bunch of money in one spot fora cause but making it a non profitcause.
Givethhas in the middle a simple GoFundmelayer just like Kickstarter and all of these things where you are kind of amarketplace where you are trying to match people who havemoney and a desire to change the world topeople who have the time and the plan to make that change a reality.
The current charity system, there is this charity in the middlethat kind of blocks the extra value thatcan be transferred. They take the money and route itover from these guys to these guys. Butthey don't get to connect the people.They are in the way.
I really believe that communitiesare what change the world.
If we putthese guys in the same chat room, then beautifulideas will come out of it. It's not justabout sharing the resources of money, it's about sharing theresources of ideas and time and effortand connecting everybody together.
We live in a world where you cantweet Donald Trump and yet you don't knowwho is using your donations for something.
It just doesn't make anysense.
So we have this GoFundMe layer in the middleand above that we have a communitylayer, building a culture of altruismand experimenting with decentralized governance which is something that'sreally near and dear to my heart.
I really hope Givethcan be a playground for DAOs tocome in and if you want to experiment with a decentralizedgovernance protocol, you can actually test it bystarting a charity.
Take your UI, take your smartcontracts and then say we want to do the mostgood for homelessness. Andbeta test it. Air drop some money to allof your supporters and then let themhave control over the donations and see how it worksout.
Giveth is a playground forthat. We have the Gofundme layer, the network ofcommunities and there is basically a chatroom. And the smart contract layer which is another thing wehave a huge advantage of because Givethwas started by the White Hat Group and we have the best smartcontract developers in the world.
One of the bigreasons for that is we aren't tryingto make money. We are really trulyan altruistic loosely groupedset of hackers that are just trying to make the world a better place.
We have no legal entity and thatis by design because without a legal entity you can't make aprofit.
Everything ishappening in the smart contract realm. And everything isloose and funand experimental.
If you are a beginner looking to learn a newskill, online course sites are a dime adozen.
What if you are past the beginnerstage? If you are at the intermediate or advanced level, there aren't a lot of options outthere for you.
That's the problem theeducation ecosystem solves.
Professional development is an industry that isworth about $360 billion. But most of the onlineeducation companies that exist todayare all competing in the beginner space.
That iswhy the education ecosystem is focused onpeople who have already passed the beginner stage.
Our beta has connected 1 million professionalsworldwide. And with our new educationtoken, that number is only going to grow.
The education tokens is an ERC20token which lives on the ethereum blockchain. That means itcan be bought, sold and traded outside of theecosystem just like any other cryptocurrency.
But our tokenexists primarily to power a new system of incentives which willreward everyone who brings positive value to the ecosystem at anylevel.
Learners will use education tokensto pay for their subscriptions, to donate tocreators. To request specific projects or materials andengage in Q&A with project creators.
Inreturn learners are rewarded for positive behaviorlike practicing with project materials and watchingprojects.
Similarly, projectcreators will be rewarded with tokens. The more view time their projectsget, the more education tokens they receive.
API creators who extend the platforms' functionality will berewarded with tokens as well. So will users who find andreport bugs on the system.
Educationtokens are also used for governance.
Forexample, holding education tokens will give users the powerto vote on the future of the platform.Not just what projects are being created but thefeatures that the development team implements. And what new project topics tosupport.
We have learned a lot from other tokenmodels like SteemIt which is a blogging platform thatrewards its users with tokens when they write awesome content.And the more power the users have, the morethey create projects which matches what viewers want towatch.
How do we make sure these tokens havevalue? To start with, the token isdesigned to have as much utility as possiblein the education ecosystem meaning as long as people areusing the network, they will need tokens. Andas the size of the userbase grows, so doesthe demand for tokens.
To help further offsetthis, a percentage of all tokens spent on subscriptions annuallyare burned removing them from circulationand increasing the value of all remaining tokens.
Finally,13% of all the tokens created have been reservedas incentives for project creators over the nextthree years. Our goal is to have 10,000 new projectscreated in the next 3 years.
We want to partner upwith schools, libraries,colleges and other online education companies.
Our mission is to be the place on the webfor professional development. Andour education token is the central partofthat.
The Sapienrewards engine is now live and automaticallyrewarding users with SPN for interacting with theplatform.
These actions include creating high qualitycontent, commenting and voting on posts.The more SPN a user stakes, the more rewards theyearn.
How does this work?
Bloggers like Sam can be stake and earnSPN from the rewards engine for sharing his stories on the Sapienplatform.
Kim leaves insightful postsor comments in any community she is a part of. Currators like herspend time voting on content, similarto ever other social platform. Except nowall of them receive SPN for contributing to the ecosystemand adding value to the Sapien community.
How are SPN rewards determined? By communityconsensus.
Introducing Charges.With Charges, the Sapien community controls the rewardsengine. Each user is allocated a certain number ofCharges per day according to their staking tier. If they think a post isvaluable, they can give it a charge.
Eachday SPN rewards are distributed based on the number ofCharges each post received. The more chargesyou get, the more SPN rewards you earn.
As users all around the world begin adding value to thenetwork by posting, commenting and voting oncontent, the SPN token becomes the fuelfor a robust, tokenized social network that fairlyrewards users for their efforts.
Stake your SPNtokens today andstart earning with the Sapienrewards engine.
Have you ever published your creativecontent on social media?Have you realized no matter how many likesyou get, the income all goes to theplatform?
LikeCoin, a new cryptocurrencyis here to reinvent the Like andhelp you generate the income you deserve.
Unlike othercryptocurrencies which use computational powerto do mining, creators mine LikeCoin withcreativity by making a newdecentralized Like button and the unique LikeRankalgorithm, LikeCoin traces content footprintsand rewards all the creators in the collaboration.
The more Likes yourcreative content receives, and the more derivative worksit generates, the more LikeCoin you and your collaborators willreceive.
Of course, you may alsoaccept direct LikeCoin payments from readers and audiences.
Remember, LikeCoin is promoting a movement toredistribute the income generated by content creation.We should get back the income that we deserve from the monopolizedplatforms.
Reinvent the Like, rewardcontent through Proof ofCreativity.