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RE: I hate these titles...the steem Killer
Hi thanks for sharing this. how will post generate value exactly? when will the platform go live? If paid in ETH, does the platform have its own token? if so what is it used for?
From their blurb in my post, content generates value. And it does have its own token: AETH
The token is used to reward the authors and curators much like steem and can be convertes to ETH or fiat currency.
The rest: Straight from their FAQ:
"When is the launch?
The alpha version is already available for Linux, MacOS, and Windows and currently runs on a private Ethereum testnet. The main Ethereum network launch (AKASHA 1.0) is expected to happen around Q3/Q4 2017.
Will there be a token crowdsale?
In the first phase AETH will be a token placeholder used inside the AKASHA ecosystem. We chose to focus first on building a working decentralized application and learning from the actual use what sorts of problems we should be solving with a custom token. Depending on our findings we might do a crowdsale, but most likely not by the time we launch the beta."
great answer. I guess this makes me nervous in ICO's: "learning from the actual use what sorts of problems we should be solving with a custom token". they need to answer that question quite clearly before we should invest in it.