LikeCoin aims to reinvent the Like by realigning creativity and reward. We enable attribution and cross-application collaboration on creative contents. With a reinvented Like button and our unique LikeRank algorithm, we trace content footprint and reward content creators by Proof of Creativity mechanism.
In the Internet, rewards and creativity have been decoupled for long. This is especially true for independent content creators and freelancers. In the early days of the Internet, indies made money by selling their works online. All technical aspects of the Internet are now dramatically improved, yet the revenue model is not. In fact, it is worse. Content creators are not getting incomes but Likes. While some can take freelance projects and advertising jobs, such model is rather indirect. LikeCoin protocol is thus designed to monetise creative contents directly, so that creators can focus on creating great contents rather than selling or looking for business models. As technology evolves, everyone with a smartphone is a content creator of some sort. In particular, some photos taken by smartphones may have quality and resolution as high as single-lens reflex cameras. The crowds of freelance content creators and citizen journalists are huge and the market demand is extremely high. Once rewards and creativity are realigned, an explosive potential will be unlocked.
While blockchain miners usually understand mining as solving a mathematical problem, it does not have to be the case. With a focus on rewarding content creators, LikeCoin measures the importance of creative contents, i.e. creativity, and allows content creators to mine LikeCoin with their creative contents. We call the mechanism proof of creativity, or PoC. PoC defines creativity in two dimensions: 1. The higher the LikeRank of a creative content is, the more creative it is. 2. The more Likes a creative content receives, the more creative it is. A creators pool of 1bil, which accounts for 50% of total number of LikeCoin tokens in the long run, is reserved as the mining pool. At each day t, x LikeCoin will be minted from creators pool for distribution to content creators.
LikeCoin has been listed on QRYPTOS, a popular exchange based in Japan. Join the trade!
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