HEARTBOUT

The HeartBout is based on blockchain technology which will become a revolution of communication in social networks with a decentralized reward system which encourage the activity of an applicants. It is a service based on social networking which was developed with the plan to transform time spent in the network into profit for all applicants such as applicants and advertisers in mind.

The HBC tokens can be spent on advancement of a production (ad). Furthermore, the coins can be taken out to a certify stock and changed over to different monetary standards in future.

Users assess content using “hot” (like) and “cold” (dislike) hearts. It means that the more often a user uses the social network, the more HBC they can get.

The HeartBout social network will become a revolution of communication in social networks. The HeartBout users will be rewarded for their activity, both authors and voters, and such rewards will stimulate their involvement and encourage to spend more time there than in common social networks.

The economics of HeartBout is built on the basis of the advertising standard 100 HBC = DAU *U, guaranteeing the exchange of the issued HBC tokens at the request of the holder on the relevant number of ad impressions at the social network. Where DAU is the number of unique users who have visited the app during 24 hours U — advertising.The Reward system of HeartBout social network is built on a decentralized platform using blockchain technology. The authors, voters and miners get a reward in HBC tokens.

Ecosystem

The economics of HeartBout is built on the basis of the advertising standard 100 HBC = DAU *U, guaranteeing the exchange of the issued HBC tokens at the request of the holder on the relevant number of ad impressions at the social network. Where DAU is the number of unique users who have visited the app during 24 hours U - advertising.The Reward system of HeartBout social network is built on a decentralized platform using blockchain technology. The authors, voters and miners get a reward in HBC tokens.

Emission

The issuance of HBC tokens is done on a daily basis. All emitted tokens during the day are distributed between authors, voters and miners. The issuance of HBC tokens, is limited to 200 per day. Voting with hot hearts affects the amount of emitted HBC tokens. Voting with cold hearts does not affect the emission, but can recover the power of "hot hearts" of the voter.

Award author

The author of a post or comment gets 65% of the HBC tokens from the total emission. The award from a publication depends on the number of positive ratings – “hot hearts” and their power. The calculation takes into account “hot hearts”, received in the 24 hours after publication.

Voters reward

The reward for voting with a “hot heart” is 15% of the HBC tokens from the emission for voter. The reward is distributed between users, who voted for the publication, subject to sequence number, “hot heart” and its power. To prevent attempts to drive up hot and cold hearts, a special mechanism is used to limit the amount of hearts available and the power of hearts, by establishinges a dependence between the number of used hearts and their power.

Reward for participants during bout.

Bets are placed by a challenger and must be confirmed by another participant. Thus, the prize fund is formed and consists of the challenger’s and the recipient’s amount of tokens. The winner gets a prize fund minus a commission for HeartBout social network.

Miner reward

The miner’s reward is 20% of the HBC tokens from the emission when blocks in blockchain are made in accordance with the schedule. Blockchain Heartbout is able to make a schedule for the production of blocks every 3 seconds among the 21 delegates according to the rounds.

Social network HeartBout implements smartcontract: Token HBC and smartcontract ICO, the interaction between which occurs through a secure Protocol to call methods of other smartcontract provided by the creators of blockchain Ethereum. To comply with ERC20 standards, smartcontract token HBC has advantages in comparison with the usual tokens, ensuring safe operation with transaction token and providing information about the token. Administration access methods of smartcontract ensure the correct execution of the script and protect against attacks. All mathematical operations are done with security check through the connected library SafeMath, proven among developers of smartcontracts..

HeartBout Coins (HBC)

Advertising

With HBC tokens, ad views can be purchased of native advertising that will be placed in the feed of HeartBout social network. The advertiser can increase the cost per 1000 impressions (CPM) in HBC tokens to increase the priority, if one-time demand for advertising will exceed the capabilities of the system. However the advertiser retains the right to select the base cost, not exceeding $2 for every 1000 views at the current rate for HBC in the system, but in such case, the advertisement is shown in a priority sequence.

Exchange

On completion of sale of tokens (ICO) 30 of June 2018, in July, the token HBC blockchain HeartBout will be available on the most reliable cryptocurrency exchanges. Distribution of HBC tokens will increase steadily. For maximum convenience, it is planned to develop its own internal exchange for the exchange of HBC tokens to other currencies.

Token Specifications