We are excited to announce that SPK Network is entering the last testnet phase and will launch the mainnet in the coming weeks.
Why does SPK Network matter?
Centralized Web2 big tech giants have long controlled the means of online expression by monopolizing the infrastructure on which users' digital accounts depend. These platforms can censor or deactivate accounts at their discretion, often due to regulatory pressures. Such centralization undermines the guarantee of freedom of expression in the digital realm.
In this system, big tech companies view your social media accounts and the data they generate as assets. They can privatize and sell this data, claiming ownership and monetization rights that should belong to you.
SPK Network aims to shift control back to individuals by simplifying the operation of digital infrastructure. By utilizing peer-to-peer node systems, everyday people and independent organizations can manage their digital infrastructure, reclaiming value from big tech companies.
Web3, devoid of owners, venture capital, ICOs, pre-seed rounds, or CEOs, provides solutions that allow users to own their social media accounts, content, and online identities. SPK Network embodies these principles as a decentralized, censorship-resistant social media protocol and incentivization layer for Web3. It enables content platforms and creators to interact with the decentralized social graph while rewarding infrastructure providers with SPK governance and BROCA gas tokens.
Your community can support each other by providing IPFS storage using personal computers and servers, eliminating the central failure points plaguing traditional Web2 platforms.
Earning Opportunities in the SPK Network Ecosystem
There are numerous ways to earn within the SPK Network ecosystem:
- Provide node infrastructure such as storage, content delivery, encoding, transaction, and content validation.
- Provide liquidity to the network.
- Create breakaway communities and power their economies.
SPK Network encourages communities to self-host their content using its distributed Content ID, IPFS storage layer. By leveraging peer-to-peer spare hard drive storage space and dedicated peer-run servers, communities can operate without reliance on centralized platforms.
Encoding Services
Node operators can offer encoding/transcoding services to the network, receiving direct payments from users who utilize these resources.
Content Delivery Network Gateways
Users can set up a Content Delivery Gateway to the network, earning rewards from the community. These gateways operate as IPFS gateways with additional features like block lists and content moderation.
Content Storage Nodes
Dedicated Storage Node operators are rewarded for providing storage capacity to the network. Validator nodes ensure these nodes are consistently storing what they claim through random spot checks.
Validators
All network content passes through validators who make it available to storage node operators. Validators are rewarded using a variation of the Proof of Access algorithm and are elected by the community based on their performance and community votes.
SPK Network Tokens
SPK Governance Token
Initially inflationary, SPK tokens taper off to a super-low inflation governance token distributed to infrastructure providers and LARYNX miner token delegators. SPK tokens enable stake-based voting for governance decisions, validator elections, funding proposals, and setting network variables. They can also be staked in the SIP DeFi Pool to accumulate trading and DeFi fees.
BROCA Utility Token
BROCA tokens limit spam and incentivize service provision on the SPK Network. They regenerate daily based on the amount of SPK tokens powered up on a user's account, ensuring a cost-effective experience while discouraging mass spamming.
LARYNX Miner Tokens
Infrastructure service providers earn SPK tokens by staking LARYNX Miner tokens. The more LARYNX tokens staked, the more efficient the mining process. LARYNX tokens inflate continuously and can be purchased or obtained by sending funds to the SIP liquidity pool.
Service Infrastructure Pool (SIP)
The SIP is a DeFi Liquidity Pool that provides permanent liquidity and generates continuous DeFi swap fees for the community. Payments for LARYNX miner tokens are locked into the SIP, with fees benefiting DeFi stakers, network infrastructure providers, and community DAO projects.
Breakaway Communities
SPK Network allows digital communities to self-host their Web3 infrastructure and content platforms. Communities can choose from various self-governance models, including Proof of Stake, Delegated Proof of Stake, and Fractal Governance. These models ensure community members have a say in how their platform is run and rewarded.
Off-Chain Accounts
SPK Network enables users to post and store video and text-based content off-chain, integrating on and off-chain content indexing. Users can attach multiple blockchain accounts to their off-chain accounts, earning rewards from the SPK Network across various platforms.
Applications
Various social and content systems can benefit from integrating the SPK Network. Existing platforms can use SPK Network for decentralized backup storage and infrastructure, ensuring they are not reliant on centralized, censorious incumbents. Potential use cases include AI software storage, NFT image storage, and server backups.
Conclusion
Everyone contributing to the SPK Network can be rewarded and incentivized by a protocol with no central ownership, venture capital, or ICO backing. SPK Network represents true Web3 technology: ownerless, open-source, and autonomous, ensuring freedom of expression and decentralization. SPK Network's governance token, SPK, is earned by those creating value for the community, helping to dismantle centralized control by big tech companies.
Vote for our Hive Witness:
Support our proposal
SPK Network Funding Proposal 2023
About the SPK Network:
The SPK Network is a decentralized Web 3.0 protocol that rewards value creators and infrastructure providers appropriately and autonomously by distributing reward tokens so that every user, creator, and platform can earn rewards on a level playing field.
Check out the SPK Network Light Paper: @spknetwork/spk-network-light-paper
Visit our website: https://spk.network/
Telegram Group: https://t.me/spknetwork
Discord Server: https://discord.gg/JbhQ7dREsP