On the Internet, rewards and creativity have long been separated. This is especially true for independent content creators and freelancers. In the early days of the internet, indies made money by selling their work online. All the technical aspects of the Internet are now increasing dramatically, but the revenue model is not. In fact, it's worse. Creators are not earning but Likes. Although some can take on freelance projects and advertising jobs, this kind of model is somewhat indirect. The LikeCoin Protocol is designed to monetize creative content directly, so creators can focus on creating great content rather than selling or searching for business models.
As technology develops, everyone with smartphones is the creator of some kind. Specifically, some photos taken by the smartphone may have the quality and resolution as high as a single lens reflex camera. The crowd of freelance and citizen journalists is huge and the market demand is very high. Once gifts and creativity are aligned again, the potential for explosions will be unlocked.
The LikeCoin project intends to give more meaning to the 'Like' button feature on content sharing platforms like social media. This protocol will use a typical LikeRank algorithm to rank content and the Creativity Evidence mechanism to reward creators.
In the existing internet model, creativity does not always guarantee the rewards of money, especially for independent creators and freelancers. When the internet is still emerging, users make money by selling their intellectual property online. Surprisingly, the revenue model has not experienced a significant increase, despite the progress of other aspects of the internet. On the contrary, it has deteriorated; instead of money, creators only have 'Likes'.
The LikeCoin Protocol aims to disrupt this culture by creating a platform where creators can monetize their content directly. As a result, creators will have more time in creating impressive content, rather than wasting time searching the market.
Basically, every individual with their smartphone is a prospective content creator. Currently, some phones have the ability to shoot photos that are of equal quality or even better than high-resolution professional cameras. The demand for unique photographic content is always high. Therefore, by realigning the rewards and creativity, LikeCoin will open up the possibility of the world to a market whose potential has not been exploited yet.
And here are some components of LikeCoin Ecosystems such as: Creative Content - this refers to the unique material published on the LikeCoin platform, each of which is represented by a different fingerprint ID; Content Creator - this is the individual who publishes creative content; Service Providers - this is a web application that has integrated the LikeCoin attribution protocol into the system, facilitating the reordering of awards and creativity; Derivative Works - this is content developed as a result of modification and / or a combination of other original content; Content Adopter - creator who developed derivative works.
Content Sources - creative content used in making derivative works; The Origin of Content - refers to the original creative content; Original Creator; Distributed Content - creative content published at the service provider without prior change; Content Distributors - the platform on which the content is distributed is used.
LikeCoin provides a unique fingerprint identity for all content published on the platform. This facilitates content tracking, especially derivative works and service providers. Furthermore, the platform utilizes the Proof of Creativity protocol to encourage attribution and partnership.
The LikeCoin Mining Protocol: LikeRank- Google search engine revolutionizes the web; the ranking of the web page according to its relevance to the keywords the user searched for. However, this mechanism is still generalizable, as it does not highlight the relevance of the particular content that makes the web page; instead, collectively assess the entire page.
LikeRank will use the trace footprint provided by the LikeCoin protocol to ensure creativity of creative content. Therefore, the more creative a content, the higher the ranking.
Proof of Creativity - While blockchain miners usually understand mining as a math problem solving, it does not have to be the case. Say for example, the proprietary evidence (PoS) mechanism does not involve hash strength and thus has little impact on the environment.
Focusing on useful creators, LikeCoin measures the importance of creative content, creativity, and allows creators to mine LikeCoin with creative content. We call the mechanism of creativity proof, or PoC. PoC defines creativity in two dimensions: The higher the LikeRank of creative content, the more creative it is and the more the creative content it receives, the more creative it is.
Like.co - In order for the public to conveniently and transparently search for LikeCoin smart contracts, the mining section will be set up at Suka.co to reveal a detailed analysis of the distribution of the Creator Pool token, including but not limited to: How many LikeCoin were printed the day before, and historically from day one; How much content received LikeCoin, and on average; What content receives how many LikeCoin; The latest PoC difficulties. Creators can access their own creative content easily at Like.co, and receive detailed analysis from them.
LikeCoin comes in the form of a digital currency named LIKE. Token LIKE will go on sale on May 7, 2018 to May 21, 2018, at a price of 40,000 LIKE equivalent to 1 ETH. The token purchase itself can be done with foreign digial currency such as ETH. Do not forget, get also purchase bonuses at certain time period.
LikeCoin itself is the result of teamwork led by kin ko, kin is an Internet veteran who in 1999 founded the game developer Lakoo, supported by Tencent and Sequoia Capita. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
So that' s all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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