The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Pedity
Here is an Overview of the project
Pedity is a simple community oriented content sharing platform where every user is rewarded PEDI tokens based on content and not on upvotes/votes from other users.
Write articles and get rewarded in PEDI tokens for sharing articles
Share videos and get rewarded in PEDI tokens for sharing that video.
Create, capture and Share images and get rewarded in PEDI tokens for sharing images
4.Questions and Answers
For every successful answer user gets rewarded and also the person who has asked question will also get rewarded.
Here you get rewarded for every post your create, comment you make, user you refer. That means you are rewarded for almost anything you do on Pedity.
Ofcourse reward rate is dependent on various factors.
You can easily exchange PEDI token on Stellar Term exchange for Stellar Lumens. In simple terms, you are getting rewarded just by sharing content and the best part is that you don't need upvote or like to get rewards. Once you create posts, rewards are generated instantly. This is all thanks to the Stellar blockchain technology.
You can buy Pedity Tokens on Interstellar, StellarTerm and StellarPort Exchange where Pedity is listed as verified asset.
Our mission is to bring transparency in content industry using blockchain.
Rewards are unbiased, every user will get same reward at a particular time.
All rewards are generated almost instantly and can be redeemed instantly.
Users can delete their data and their account whenever they want.
Users can see all rewards data live on Stellar blockchain.
Limitations and Problems
Being in development stages, lot of things cannot be answered as well. But some of the limitations we feel are quite typical and we are also thinking of how to tackle them.
First problem being to accept PEDI asset, user has to create a trustline and for that the user needs to have some XLM in their account. We can fund 100-1000 users with our own budget and easily create their accounts with minimum balance while registration. Problemnwill come when Pedity will have more users, We have seen example in other blockchains where they use a faucet to fund their users. Certainly for trustline, a faucet (that transfer money in pennies) or something like that is not viable as it will need to transfer 2XLM per user (~1$) and with time XLM will get much higher value which is a situation
We are still thinking how to tackle this problem
. Second problem being once a value is credited to a user(here value is referred as PEDI tokens),
We would like to make sure that users don't go to exchange and change them right away. That might be a unhealthy ecosystem. For this, I have two plans
a Incentivize users if they have tokens for a particular amount of time
b Add two time slots where in first time slow the rewarded PEDI assets are first allocated and second time slot, where those particular assets are released so that user can trade.
These are few issues we are facing and certainly with time I will be able to solve them as it will give more insight how the platform is growing.
We believe in open source projects and by the time Pedity has matured Beta stage, all code will be released to public so that anyone can contribute to Pedity and learn more about it.
Pedity Reward Generation
Pedity is a PHP based platform and PEDI is the rewards generated using stellar blockchain.
PEDI is the currency which is awarded to users based on the content they are posting. In place of manually deciding the value of how much value a user is getting in PEDI per content, we are going to use few factors from stellar platform that will help us gain the value of PEDI tokens per post, the factors are listed below-
1.Trustline (Most Important )
The volume of content created
Volume of PEDI tokens traded in past 24 hour
Value per XLM
PEDI Token Sale
Total Number of Tokens — 3,999,999,999
30% Token are for Sale — 1,199,999,999 to bring funds for future development of the project
Pre-ICO Price 1 PEDI = 0.0005 XLM
16 million+ PEDI tokens already sold at SDEX
PEDI Token Distribution
Pedity has a very productive roadmap and the project is in premitive stage, even so our platform is live. You can explore Pedity Platform and see how it works. You can also see the RoadMap of Pedity to know our future plans.
Investors investing more than 1000 XLM will get extra 5% tokens and Investors investing more than 5000XLM will get extra 10% tokens.
Q4 2017 -
Creation of Pedity Platform backbone
Start of Pre-Alpha
Q1 2018 -
Registration of Pedity.com
Creation of PEDI Tokens
Listing on Stellar DEX
Platform reaches Alpha milestone
Addition of WhitePaper, RoadMap and Rewards Documents
Q2 2018 -
Profile with current coins and price
Addition of FAQ
Finance PEDI rewards completely through Stellar Ledger
Automatic Unlock of rewards after every week
Addition of Pedity Balance viewer plus XLM balance viewer in account
Web Wallet creating inbuilt into profile
Addition of more content type such as videos, Q/A, images
Completion of Alpha and start of Beta Milestone
Q3 and Q4 2018–
Rebranding of Pedity Project
Possibility for direct exchange using BTC and other altcoins (Example
Advertising using Pedity
More utilities of Pedity
Completion of Beta Milestone
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995