BlockChain is an integrated transaction recording technology with modern technology, which has a unique, irreversible code that revolutionizes the way internet, banking and other things work. Currently, there are many companies, banks, and even platforms that use blockchain technology. I will explain to you about one platform that uses blockchain technology. The platform is CBNT, see an explanation of CBNT.
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What Is CBNT?
CBNT is a decentralized professional content sharing community based on blockchain technology and an ecosystem model of DPGC (Decentralization Professional Generated Content). In the beginning, we will focus on blockchain and professional financial investment content. CBNT will create a win - win ecosystem for all participants, including content/articles providers, content readers (viewer), ad publishers, and token holders. In the CBNT community, whether you are content generators or content viewers, both sides can receive tokens “Mining Rewards”. As CBNT grows and traffic boosts, all the profit of numerous ads will also be distributed to all of the participants.
CBNT will be built as a token economy system that fully complies with the rules of the free market economy; every individual who has contributed to others can benefit from it financially, thus solving the following problems faced by the traditional internet content ecosystems:
- Reduced content quality caused by the attention economy.
- Content creators spend time creating content and provide value for the platform while ultimately transforming their work for the benefit of the platforms’ profit model.
- Content viewers and communicators can’t share the financial value that the content generated. and many more
The advantage Of Using CBNT
Content Creation
Content creators will be rewarded tokens if readers like their valuable content. the higher the content ranks, the more tokens the creators will get.Content Communication
Viewers can vote on and share high-quality articles, and the benefits of these articles will be distributed based on the user's contribution weights.Paid Q&A
High-value information equals opportunity in the business world. Sharing valuable information to questioners can bring you more benefits.Ads Monetization
Change the traditional advertising model. The advertiser pays tokens to publish ads, and the advertising fees will be distributed based on fan's contributions.
In the future, the CBNT community is an open and transparent organization with a token representing all rights to the platform. Each CBNT holder can participate in community elections, business decision-making voting, other activities, and finally, achieve group wisdom decision-making. All data are publicly and transparently recorded on the blockchain, thus achieving the establishment of a distributed community organization.
Project Background
Everyone who knows internet has social media accounts on Face book, twitter, Instagram. Millions of user’s daily visit to these sites but at the end of the day social media sites owners earns millions by capturing user’s data and users gets nothing in reward. CBNT things that it is not fair with users who create contents so they starting creating a system where users will be earn reward by doing social media work. CBNT will solve the problem of current social media system and rewards every contributor who creates value by producing unique contents.
How it will works?
CBNT rewards high quality content creators with more tokens so more people start creating unique and valuable contents that will ultimately drive traffic to the network. Steemit has a same kind of idea but on steemit there is no any kind of rule to reward high quality content creator the most. High quality content creators will generate huge amount of traffic that will generate ads value. Content creators will also experience additional benefits like paid readings, paid sharing and paid questions and answer sessions. CBNT token advertisement system will be transparent to all users to protect peoples who are holding the tokes and advertisers will be allowed to buy ads with BTC, ETH and through other digital currencies.
In the start home page of authors will be open for advertising and revenue generated from that will be split between authors and its followers. Content creators will be awarded the most and all followers must to have to pass KCY to ensure high quality users. Spam free system will enable advertisers to take decision about buying ads and increase ROI. Advertisement revenue generated will be shared between all token holders by taking hourly snapshot. CNBT personal team and other thirty party users will be allowed to vote and become part of improved advertisement system.
CBNT Mining System:
Every data CBNT token as a mining reward will be distributed between community members at a specific time. The reward distribution will be like this; 45% to content creators, 45% to readers who are liking, sharing or commenting and remaining 10% will be awarded to token holders. Each user will have its own value based on its engagement, the higher the user value the higher mining reward he will get. Users will be encouraged to promote only high quality contents, the sooner they like and share that content the higher reward they will get.
The Application Of CBNT
Download App CBNT V1.0 is planed to be launched in Sep. 2018.
On App Store And Android Store
System Structure :
WHAT PROBLEMS DOES CBNT SOLVE :
CBNT will be built as a token economy system that fully complies with the rules of the free market economy; every individual who has contributed to others can benefit from it financially, thus solving the following problems faced by the traditional internet content ecosystems:
- Reduced content quality caused by the attention economy.
- Content creators spend time creating content and provide value for the platform while ultimately transforming their work for the benefit of the platforms' profit model.
- Content viewers and communicators can't share the financial value that the content generated.
Mining Mechanism:
CBNT tokens will be released from the Mining pool at a fixed time every day as an incentive. The incentives will be divided into 3 parts: 45% for authors (content creators), 45% for content viewers and communicators (likes, comments, sharing), and 10% to CBNT token holders whose tokens are in a locked state.The rating right of the content will be given to the readers, and each reader has different voting weights. The value of high-quality content on CBNT mainly comes from the mining behavior of viewers.
The value weight of viewer’s mining is mainly composed of the following factors:
- Token Amount: Part of the mining value of the viewers is derived from the number of tokens held. The more to-kens held, the higher the weight of the mining value and the more the mining incentives will be rewarded in the future.
- Contribution Value: Each user has his own contribution value (similar to Alipay Sesame Credit Score), which is mainly used to measure how much the user contributes to the community.
- Sharing: When sharing is successful, it records mining behavior, and the content value will also increase.
- Commenting: Readers that write quality comments on content. If the comment is liked by others, both the reviewer and the author can be rewarded mining incentives, and the contribution value of the reviewer will be added as the number of likes increases.
- Liking: Every effective like on high-quality content can increase the value of your content's mining incentives.
- CB Value: Each viewer has limited mining capability. Each mining will consume a certain CB value. The CB value is only used to control whether the mining behavior can be rewarded, rather than the parameters for controlling the mining behavior.
- c Behavior Rank: In order to encourage the viewers and communicators who reveal high-quality content, the sooner the users mine content (sharing, commenting, and liking), the more content mining incentives they will receive.
Token Information:
Token Symbol : CBNT
Total Supply : 10 Billion
Token Type : ERC20
Token distribution
As CBNT is a proof of platform ecosystem, CBNT token holders can enjoy rights on the platform, like revenue sharing, supervision, voting etc. The total supply of CBNT is 10 billion, and it will never be overissued. There are two ways to obtain CBNT: one is mining, and the other is to trade from the exchange.
The distribution mechanism of the tokens are as follows:
Team Members:
CBNT is made up of a group of highly-trained and skilled professionals who come from diverse backgrounds.
For More Information About CBNT Please Visit Link Below:
Website
Whitepaper
Telegram
Twitter
Facebook
Medium
Steemit
Author of this article:
Username: Unyun
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2430867