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About LikeCoin(LIKE)

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What problem does LikeCoin solve, and how exactly does it do so?

Most content creators don’t get pay. Contents still make lots of money on the Internet, mostly through advertising. But that comes with a high hidden cost. Content creators are supposed to express themselves, or make contents audience appreciate — which has some subtle differences from want . With the change in business model, creativity is distorted towards eyeball generation for the the sake of advertisement. It is fortunate that immersive contents like books and movies are still being sold. From another angle, however, it also shows under advertising model, it is almost impossible to produce immersive contents.

How is the idea monetized? How do the token holders profit from that?

While blockchain miners usually understand mining as solving a mathematical problem,

it does not have to be the case. Say for example, proof of stake (PoS) mechanism does

not involve hash power and thus has little impact on environment.

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.

Team

LikeCoin's team members.

Heartherm Huang

Heartherm Huang

Founder

Linkedin
Jacky Ko

Jacky Ko

Chief Marketing Officer

Linkedin
Aludirk Wong

Aludirk Wong

System Architect

Linkedin

No Image Available

William Chong

Full Stack Developer

Linkedin

Roadmap


 
2017 Q1-Q3 Brainstorming, R&D
2017 Q4 Early Believer sale
2018 Q1 Launch of LikeCoin Token, ID and Like.co
2018 Q2 Prototype of puttyimages and blogchain.md
2018 Q3 Launch of puttyimages
2018 Q4 Like Button launch
2019 Launch of blogchain.md and LikeCoin ecosystem scale up
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Quick notes

Tokenomics

Token Info

Price: 1ETH=40000LIKE Hard Cap: 12600ETH Buy with: ETH Platform: Ethereum Location: Hong Kong Restricted: Yes, except China and US

Other Info

MVP/Prototype: Yes Escrow: Yes Category: Art & Music

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What problem does LikeCoin solve, and how exactly does it do so?

Most content creators don’t get pay. Contents still make lots of money on the Internet, mostly through advertising. But that comes with a high hidden cost. Content creators are supposed to express themselves, or make contents audience appreciate — which has some subtle differences from want . With the change in business model, creativity is distorted towards eyeball generation for the the sake of advertisement. It is fortunate that immersive contents like books and movies are still being sold. From another angle, however, it also shows under advertising model, it is almost impossible to produce immersive contents.

How is the idea monetized? How do the token holders profit from that?

While blockchain miners usually understand mining as solving a mathematical problem,

it does not have to be the case. Say for example, proof of stake (PoS) mechanism does

not involve hash power and thus has little impact on environment.

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.

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