Social network with a decentralized, blockchain-based incentive system.

dmitriysar (45)in #crypto • 7 years ago

HeartBout is a social network with a decentralized reward system based on a blockchain technology. Users taking part in creation and promotion of content receive rewards in the form of HBC cryptocurrency.

The HeartBout social network monetizes activity of users for publications, votes or comments providing issuance of HBC through its advertising capabilities.

The HBC tokens can be spent on promotion of a publication (advertisement). Besides, the coins can be taken out to an accredited stock and converted to other currencies in future.

Users assess content using “hot” (like) and “cold” (dislike) hearts. It means that the more often a user uses the social network, the more HBC they can get.

The HeartBout social network will become a revolution of communication in social networks. The HeartBout users will be rewarded for their activity, both authors and voters, and such rewards will stimulate their involvement and encourage to spend more time there than in common social networks.

The economics of HeartBout is built on the basis of the advertising standard 100 HBC = DAU *U, guaranteeing the exchange of the issued HBC tokens at the request of the holder on the relevant number of ad impressions at the social network. Where DAU is the number of unique users who have visited the app during 24 hours U — advertising.The Reward system of HeartBout social network is built on a decentralized platform using blockchain technology. The authors, voters and miners get a reward in HBC tokens.

Emission.
The issuance of HBC tokens is done on a daily basis. All emitted tokens during the day are distributed between authors, voters and miners. The issuance of HBC tokens, is limited to 200 per day. Voting with hot hearts affects the amount of emitted HBC tokens. Voting with cold hearts does not affect the emission, but can recover the power of “hot hearts” of the voter.

Award author.
The author of a post or comment gets 65% of the HBC tokens from the total emission. The award from a publication depends on the number of positive ratings — “hot hearts” and their power. The calculation takes into account “hot hearts”, received in the 24 hours after publication.

Voters reward.
The reward for voting with a “hot heart” is 15% of the HBC tokens from the emission for voter. The reward is distributed between users, who voted for the publication, subject to sequence number, “hot heart” and its power. To prevent attempts to drive up hot and cold hearts, a special mechanism is used to limit the amount of hearts available and the power of hearts, by establishinges a dependence between the number of used hearts and their power.

Miner reward.
The miner’s reward is 20% of the HBC tokens from the emission when blocks in blockchain are made in accordance with the schedule. Blockchain Heartbout is able to make a schedule for the production of blocks every 3 seconds among the 21 delegates according to the rounds.

Reward for participants during bout.
Bets are placed by a challenger and must be confirmed by another participant. Thus, the prize fund is formed and consists of the challenger’s and the recipient’s amount of tokens. The winner gets a prize fund minus a commission for HeartBout social network.

Crowdsale.

The name of token: Heart Bout Coin
The maximum number of tokens issued for sale : 44,197,720
The sum of the maximum collection amount of ETH : 6 440
The kind of token: ERC20
The price of token: 0.051 $, 1 ETH (at the dollar rate 1 ETH — $ 350) = 6 863 HBC
The minimum purchase sum: 0.1 ETH
Crypto currency for payment: ETH

Bonuses: