LIKE&COIN: Meet LIKECOIN!
LikeCoin: reinvent the Like, rewarding contents by Proof of Creativity.
- LikeCoin platform enables content creators and service providers to receive incentive when their contents are liked or super-liked by audiences. You can refer to the whitepaper for fully detailed definitions of elements in the LikeCoin ecosystem, which comprises: creative content, content creator, service provider, derivative work, content adopter, content source, content origin, original creator, distributed content and content distributor.
- Don’t be bored by that long list of stuff, they are written in an extremely easy-to-understand way in the whitepaper.
- A notable feature of LikeCoin is that it creates a unique fingerprint for each creative content. The uses of each content for any derivative work on any service provider will be traced to ensure the content creator will get paid whenever his original work is used and liked.
Vision and mission: LikeCoin has the goal of rediscovering how it likes to work for artists on the internet. When an artist uploads their work to the internet, they still earn money. However, most of the ads, not their art. The more they get, the more money they will get from advertising.
The Problem: On the Internet, rewards and creativity are decoupled. The communities of freelance content creators and netizen journalists that produce high quality work are huge, but they are receiving Likes and not income for their work.
The Solution: LikeCoin aims to reinvent the Like by realigning creativity and reward. We enable attribution and cross-application collaboration on creative contents. With a reinvented Like button and our unique LikeRank algorithm, we trace content footprint and reward content creators by Proof of Creativity mechanism.
Elements in the LikeCoin Ecosystem:
- Creative content
- Content creator
- Service provider
- Derivative work
- Content adopter
- Content source
- Content origin
- Original creator
- Distributed Content
- Content distributor
Realigning rewards and creativity:
In the Internet, rewards and creativity have been decoupled for long. This is especially true for independent content creators and freelancers. In the early days of the Internet, indies made money by selling their works online. All technical aspects of the Internet are now dramatically improved, yet the revenue model is not. In fact, it is worse. While some can take freelance projects and advertising jobs, such model is rather indirect. LikeCoin protocol is thus designed to monetise creative contents directly, so that creators can focus on creating great contents rather than selling or looking for business models.As technology evolves, everyone with a smartphone is a content creator of some sort. In particular, some photos taken by smartphones may have quality and resolution as high as single-lens reflex cameras. The crowds of freelance content creators and citizen journalists are huge and the market demand is extremely high. Once rewards and creativity are realigned, an explosive potential will be unlocked.
LikeCoin token is a utility token based on Ethereum and is ERC-20 compliant.
LikeCoin tokens are only exchangeable with ETH during token sale period. The standard rate is 1ETH to 40,000 LikeCoin, with optional bonus of lock up period of 6 months. Tokens will be sold in 4 stages: Early Believers (50% bonus, i.e. 20,000 extra LikeCoin per ETH), Institution (50% bonus), Early Bird (25% bonus) and Public Sale (no bonus except referral bonus). Remaining token at the end of the token sale period, if any, will be transferred to the Ecosystem Development pool.
Get more details:
ANN Bitcointalk: [https://goo.gl/pJAHRa]