Blinked is a social media recommendation platform run by a group of qualified individuals, which grants users up to 90 percent of advertising revenue. Members earn the 90 percent revenue by being an active recommender. Your rate of earning will be determined by how engaged you are, and members simply share their favorite things, places, services and anything else that fascinates them. For rewards, members exchange their earnings in the blinked arc ode. In return, members exit with blinked (BLKD) token.
- THE NEW BLINKED PLATFORM
The Blinked Feed: Users may view each Blink in the Blinked Feed made by users they choose to follow including any friends, influencers, experts or publications by swiping left to right in app.
Discover : Any user may find other new users, Blinks, influencers or publications and opt to follow them in Discover. A toggle is available to view images of them all categorically and a text field is available for a more defined search.
Map/Near Me : Any user may view recommendations made by friends nearby on a map, and may select either map or list view. Filters are available to view results categorically (i.e. Food & Drink or Shopping).
Profile : User profiles are available by tapping the upper right corner of the app. Profile images and settings may be adjusted. Users may also view any recommendations made by them to date. Filter categorically to see recommendations by city or category. Other users’ profiles are available by tapping their name or image anywhere viewed in app.
Ask : Users may “Ask” friends for a recommendation. The Ask becomes visible in the feed only. Anyone following a user may respond.
Blinked Arcade : Users may exchange Blinked Gold (BGZD). for rewards in the Blinked Arcade.
Wallet : Users may view totals of their BLKD token and BLKD Gold.
- BLINKED [BLKD] TOKEN
Blinked is executing a token issuance and utility token sale under the name Blinked Token (BLKD).
As described in this white paper, the Blinked token is for use on the Blinked platform, engineered to serve as the advertising and reward product itself. An advertiser, business or user purchases Blinked token, exchanges it for the performance token, Blinked Gold [BGZD], and uses it to either (a) earn within the platform or (b) offers it to the end-user for engagement with digital advertising content. There is no other purpose of use of the Blinked token.
Blockchain will be incorporated in the distributed application software platform with the goal of addressing transparency and validation issues in online display advertising and reviews. Existing nonblockchain solutions do not offer a trusted resource. The inherent transparency offered by the blockchain will address many of the concerns individuals have with solutions like Yelp and Facebook. BLKD token and BGZD are paramount for users, businesses and advertisers.
- BLINKED TECHNOLOGY
Blink protocol: The Blink protocol’s aim is to create a cryptocurrency which can be used for real life payments, microtransactions and a platform for smart contracts that can enable mass adoption of distributed applications.
One of the most important characteristics of Blink is no need to force the entire system to agree on blocks of transactions. Blink allows independent operations to be applied to the state in any order, with the condition that the resulting end state is the same. In the Blink architecture, each account has an independent chain of transactions that are applied to it; hence, a global consensus is not needed. It just needs a consensus on the accounts modified by individual transactions. All transactions are also cryptographically signed with the previous state of the modified accounts. This is the same principle of security increasing with each transaction that happens with blockchains, but applied per account, allowing parallelization and scalability.
Unlike Bitcoin and many other blockchain based currencies requiring computational power to solve the cryptographic puzzles, Blink uses proof of stake to choose the supervisor node called the locker, responsible for maintaining an order of transactions for that account. Each node in the network should prove it owns or is endorsed by one or more accounts. The sum of account balances represents that node’s total balance. Besides, each node should also have a subset of its accounts that represent its collatera and will be punished if they misbehave. When a locker is punished, funds are taken from his stake account, and redistributed to all other nodes. The punishment amount for a locker misbehaviour will be recommended at least the income that the node would make in a period of 30 days but would be best estimated from a working network.
Having a locker associated with each account adds another layer of security, but if the association is permanent it can backfire and cause several problems. To address these issues, they divide the timeline into intervals called rounds, each lasting between 3 and 60 seconds. In the beginning of each round, each account will be paired with a different locker using the pseudorandom procedure described in the next section. This pairing isimplicit, and can be calculated only when required.
How the consensus is reached?
The consensus component of Blink is constantly running in parallel to transaction broadcasting. For each round it consists of 2 phases:
Proposal & sync. This phase starts right at the end of a round. Its purpose is for any node to find out about transactions that were accepted by the majority of the network, but they were missed by the node in the broadcasting phase.
Commitment. This is the finality of the consensus routine. Each node makes a single commitment on what the global state at the end of the round is.
Initially, only two lockers (for the two affected accounts) accept and sign the transaction. So the initial confirmation of a transaction comes after 300–600 milliseconds. Having high throughput (20 000 transactions per second) means transaction fees will be low..
After a transaction is initially signed by two nodes, it is gossiped through the network as the nodes sync up. The more time passes, the higher the percentage of nodes that receive and apply a past transaction. After a certain amount of time, the network votes on the entire state some time in the past. A transaction that managed to reach a majority of the nodes will be included in the vote, thus reaching finality. In the current prototype implementation, this happens in less than 5 seconds.
Each transaction also needs to be signed by the lockers of all accounts involved, which increases the security for transactions. Besides, the way Blink selects the locker for an account is based on a proof-of-stake type selection. Since locker selection is independent for each account, it makes any attack on the global state impossible. Furthermore, having rounds and enforcing that every transaction needs to be assigned to a roundgive users another powerful layer of security. It can guarantee the same level of security as blockchain algorithms.
By considering a function that consistently chooses only a subset of lockers for a specific account, Blink could allow transactions within the same city for instance to be signed by lockers in the order of milliseconds. However, there would be a disadvantage that an account might get trapped with a small set of lockers that are malicious. Hence, it should be considered with care.
- BLINKED TIMELINE
Blink launched its fully committed private pre-sale of 100,000,000 BLKD on May 30, 2018. On July 8, 2018, the advertisement of pre-sales began .This shows an early pre-sale of 50,000,000 BLKD.
Blink road show is set to begin on September 4, 2018 with a pre- sale of 150,000,000 BLKD. Shortly after, Blink will do a general sale. By the end of 2018, BLKD token integration shall be complete and Blink will release Blinked DAPP+SITE. April 2018 will see Blink Holiday power marketing, which will be the beginning of decentralized Advertising sale Administration.