STAYGE One Network |An Artist – Fan Ecosystem
About STAYGE ONE
STAYGE ONE is an artist - fan system, tokenizing the real foundation of the entertainment sector, fandom. STAYGE ONE aims to revolutionize disrupt the sector by converting fan participation and influence into tangible worth, incentivized by its proprietary delegated POC consensus algorithm.
STAYGE ONE will address some basic issues in the conventional entertainment market, from the absence of reward ecosystem for fans, fragmented services throughout the sector, absence of sustainable fan advertising tools, and efficient means to raise funds for artists.
STAYGE ONE will leverage its entertainment sector experience and links, starting with K-POP artists and extend to celebrities, actors, teams, sports stars, influencers, models and content brands. Lastly, making a sustainable and healthy system that compensate fair rewards for fan activities, interconnects sector services through virtual money, and as a means to crowd fund for producers and artists!
Twin Token Model
STAYGE ONE at its core has 2 kinds of virtual money, STG, and ACT.
STG will be like any other virtual money traded on an exchange. STG have some utility parts within the STAYGE ONE, they can be paid as charges for delegate nodes and validation services, they can be applied for staking in consensus final decision making, they can be applied as intermediary tokens to worth swap with other Block-chains, they can be applied to buy ACT or Redeemed by ACT. STG will eventually migrate to native tokens upon launch.
The ACT is essentially rewarded for contributions and activities within STAYGE ONE communities. Tokens are released to community members for a huge range of social activities. These can be in the shape of content making and engagement, voting, sharing posts, referrals plans etc. if you are participating value to the community, you’ll receive clear compensation.
Releasing of ACT take into account, the impact of fandom size, and fan activities and STC cost, the rate at which inflate is developed to change constantly forever in the downward side, as the community activities level up. The rate of reduces will be same as that of a logarithmic curve, effectively managing ACT complete issuance. ACT and STG tokens are 2 ways convertible; the discussion rate is influenced by artists’ participation and society Activity.
Delegated of POC (Proof of Contribution)
STAYGE ONE utilize DPOC consensus algorithm, same as POI (Proof of Importance) applied by NEM but also reason in information storage participation and participation in the artist fan community. Below is a brief detail and idea of how this’ll work but the right info is not disclosed.
A fan applying the STAYGE ONE, ten percent of his present unvested values of STG token become vested any day. He needs to meet the min needed value of vested coins to begin harvesting.
This rewards the fan who makes deals and participation with other fans in the society in the platform, and also by granting incentives for a fan if he participates their info storage space. There ’ll be an algorithm that values the score based on these matters, encouraging fans to make substantial participations to the block-chain platform to get incentives, advantaging the artists – fan and developing a meaningful connection.
Application and Use of cases
STAYGE ONE painted some actual life apps and services. This includes a huge range of solution tailored for the entertainment sector that is non-existent presently.
• Fan Communities
Fan society is the basic building block of the STAYGE ONE. Communities will go via verification procedures same to that of Twitter accounts, to stop squatting.
• Ticketing Service Example
One more common issue in the entertainment commerce, market distortions reasoned by unlawful brokers, these brokers’ safe tickets early on and resells them for income. With STAYGE ONE, it’s possible to distinguish actual fans from brokers, limiting buy amount from broker wallets, offering higher precedence to buy for true fans.
• Goods Market Example
STAYGE ONE will offer an all in one goods marketplace solution. Goods within the marketplace are priced in ACT and STG, making cross boundary payments irritate free. STAYGE ONE will also offer a safe house for 'presumes' who supply illegal goods supply with a lawful authoritarian structure in place. Fans can buy around and buy items of the artists they support.
• Crowd funding Example
Conventional startups sense the pain in going via VC funding, spending needless tries writing pitch decks and worthless outcrop numbers, rather than costs time on the plan itself. Artists Crowd funding for is developing possible with STAYGE ONE, and fans can even suggest a plan and lift up capital for producers to understand their plans.
For further details about this amazing STAYGE ONE network visit following links below:
• Official web Site: http://www.stayge.io
• Whitepaper: http://www.stayge.io/whitepaper/STAYGE_Whitepaper_en.pdf
• Telegram Group: https://t.me/stg_en
• Twitter: https://twitter.com/STAYGE_One
• Reddit: https://www.reddit.com/r/STAYGE/
• Facebook: https://www.reddit.com/r/STAYGE/
• Medium: https://medium.com/@stayge
Bitcointalk username and ICON wallet address - hldss11 / hx94a5dc6b5d26171adb50fc2d90b59475f8e1ce71