UUNIO VS STEEMIT - CAN STEEMIT COMPETE AGAINST IT !
UUNIO ,A blockchain-based company is launching a content rewards platform that compensates creators and says its platform boasts compelling advantages over “exploitative” mainstream rivals like STEEMIT .
UUNIO's WORKING STRATEGY
It wants its service to threaten the likes of YouTube, where it claims some content creators are barely given $500 to $600 even if they have million views. It is also railing against internet giants such as Facebook, which makes billions of dollars every year on the back of personal data and advertising wealth, which is never shared with its users. Copyright infringement is also an issue, with fledgling entertainers all too often finding their work has been ripped off by other accounts.
UUNIO’s work is to give equal voting power to all & eliminating the risk of self-voting and ensuring that a few users cannot control the fates of many thousands more. The company claims a large chunk of its community would need to work together to abuse the system – meaning there is less chance of manipulation. Its platform would also do away with the concept of a compensation period, with UUNIO raising the fanciful idea that creators could use the annual earnings on timeless content for a pension.
According to UUNIO, Steemit’s upvoting system is flawed because the power carried by a single vote is determined by the money held in a user’s account. The company says this has left smaller content creators struggling to earn decent compensation unless their work is recognized by a “whale” – someone with significant Steem Power. To compound the problem, Steemit only pays out rewards for the first seven days that a post is live, meaning creators of evergreen viral content could potentially miss out on years of earnings.
UUNIO would be supported by a suite of other decentralized apps (dApps) which aim to shake up the world of news,online reviews and investing in ICOs.
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