Monetization of creative material: Likecoin Project

oc10pus (25)in #token • 8 years ago (edited)

LikeCoin is a currency for rewarding creativity. It can be used in likecoin.store as well as online services that have adopted the LikeCoin protocol. 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 track content footprint and reward content creators by Proof of Creativity mechanism.

Mission of LikeCoin: The existing internet mode does not warrant monetary rewards whatsoever to creative community. Independent freelancers and creator who have been consistently creating quality contents are undoubtedly put at a disadvantage. LikeCoin aims to disrupt this outdated model by developing a platform that allows content creators to directly monetize their content.

LikeCoin will undoubtedly create more possibilities to particular market which has yet to be tapped. Below are the integral part of LikeCoin ecosystem:

Creative content, which alluding to the type of material distributed on the LikeCoin stage. Each and every one of which is represented by distinctive fingerprint ID
Content creator, referring to individuals publishing creative content.
Service provider, referring to integrated web applications and their attribution protocol into the system in order to facilitate the process of creativity and rewards realignment.
Derivative Work, this refers to content developed as a result of original contents’ combination or modification.
Content Adopter, referring to creator developing derivative works.
Content Source, this refers to creative contents used in any of the creation of derivative works.
Content Origin, which referring to the original creative contents.
Original Creator
Distributed Content, which refers to creative content published on a particular service provider without any alterations beforehand.
Content Distributor is the platform used to distribute content.

On the Likecoin platform, there are two main directions:

Creating images
Blogging

Benefits of Using LikeCoin:

LikeCoin offers some features that will make this platform very attractive for creative workers. Firstly, the like button in LikeCoin is different with similar functions in the other social media. The function is same, which is to show appreciations for the creators, but it comes with bigger advantages.

When a user sees a content they really like, they can tap the like button up to five times in one post. The likes gathered from the users’ appreciation will be used by content creators to mine LikeCoins from the Creators Pool. Beside tapping the Like button, users also can click Super Like. When users tap the Super Like button, they basically “pay” the content creators with tokens from their wallet.

It also comes with a system called Proof of Creativity which is used to measure how “creative” a content creator is. Higher Proof of Creativity can be achieved in two ways. Firstly, by measuring the LikeRank of the content and secondly by measuring the amount of Likes a content receives.

The platform will work according to the following scheme: after the publication of any work, the reader, if he liked the work can thank the author with LikeCoin coins directly from his wallet, he needs to press the "Like" button as before. In such an ecosystem, authors will now focus on creating really high-quality and engaging content, as they will be able to earn directly, LikeCoin will immediately come to their account, and users will not watch annoying ads. All received coins for their work, the authors will be able to exchange for real money. Transparency of the system and transactions will provide blockchain technology, on which the project is built.

Token Distribution:

Crowdsale = 600,000,000
Creators = 1,000,000,000
Ecosystem Development = 200,000,000
Team = 200,000,000

Token sales: