Decentralized Autonomous Journals

in #steemit6 years ago

 Journals are managed as decentralized autonomous organizations by smart contracts. These are defined transparently by contributors, who offer ORV tokens and receive specific Journal Tokens. 

 The management rules are publicly available. Journal tokens empower contributors by providing decision-making capabilities using a variety of voting and participation schemas. 

 Contributors earn revenue based on their contributions and the rules defined in the smart contract. The operational costs associated with reviews, copyright agreements and Orvium Licenses are covered by the owner’s stake. 

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