The service i am talking about is adzbuzz.
Both have pros and cons.
Narrative is a more-ish decentralized.
The part of the A community-elected Tribunal is the governing body of the network, and it has
final say on issues within the community is not present in adzbuzz but the adzbuzz's coin adzcoin has a governance in the form of masternode(or will be coming in June).
Another is the fact that ordinary users at this moment do not earn in adzbuzz. In adzbuzz their use to be activity rewards but that got abused constantly. It might of been due to the fact that earnings were form adzbuzz own funds.
This changed when adzbuzz decided enough was enough. Adzbuzz decided to halt the earning feature until a better solution was found. Adzbuzz replaced it with Proof of earn aka where use do activities such as click ads in which adzbuzz makes money and gives you the money. Many of the people in it for only the money and abused the system left. This left me and few others.
One of the community member proposed the idea of the ownership of communities. Adzbuzz is a content discovery where individuals and sites can earn. Individual blog and sites have communities. Site share the link to the site and blogs can write posts on the site. The more active the site the more the community owner/mod can earns.
The money would be funded by ads and other adzbuzz services on of them is the adzbuzz exchange. More on that later.
Communities cost a $100 at the moment each but that is going to change.
Then the community( I was part of it) proposed the idea of youtube communities ownership and it got approved.
The are 3 main currencies in adzbuzz. Two are cryptos and one is a point system.
Adzbuzz promises to use 10-50% of the profits to buy back and burn adzcoin(the main tradable crypto). The other 50% is shared to the earnings pool. Something like Narrative does.
So main decentralized crypto is adzcoin. Adzcoin will be bought and burned so decreasing supply. there is 81 Million adzcoins.
Another asset was formed by Proof of burn. This is called adscredit. Adscredit represents the stake in ad network of adzbuzz . Own 10% of all adscredit? You own 10% of the ad network in adzbuzz. You can rent your adscredit to adzbuzz so they can advertise in your behalf.
To show their support they burned all of the premined coins to the adscredit = 1million ads credit
Over 15 million adscredit were burnt.
The adscredit adzbuzz owns will be used for self funding so that more $ enarned goes to investors.
Based on what i see adscredit will stop it proof of burn this year. IDK when but there will be a couple of week notice when it happens :) Check the burn here: https://adzbuzz.com/adzcoin-indirect-donation
adscredit will be traded with other crypto aka bitcoin for a year now before being only traded with tazocin
The non crypto is bonus credit/community credit where you use both types of credit to buy the communities.
Community credit= must buy credit Bonus credit= credit you earn.
So where did i fit into this?
I was the one who proposed the idea of renting adscredit, I got inspired by steem rental degations and told them my plan. Where you can rent people to use your adscredit to advertise.
I was one of the few "leading" the charge to add masternode aka a type of governance to adzbuzz :)
So with this let me state all the main adzbuzz project to gain money:
Adzbuzz= content discovery social network the star of platform. Where community learning feature can be found.
ADZbuzz Services (Live) - Fiverr-like marketplace where people can order micro-tasks from other users at a cheap rate. Everything from article writing to design can be ordered.
ADZbuzz Tifostarter (WIP) - A 100% unique and free platform where football fans can raise funds in ADZcoin to support the creation of tifos in football stadiums. Adzbuzz will take a small % and show ads.
ADZbuzz Savers (Live but require major improvement) - A Price Comparison site and cashback site. Ads and promoted products are shown along with ref earning made. Paid in crypto
ADZbuzz Exchange (live) - An exchange where Bitcoin and other Alt coins can be traded.
ADZbuzz Native Ad Network (Alpha release) - Where Publishers can put our ad code on their website, display ads and earn.
ADZbuzz Pay - A Payment Gateway to send and receive payments in ADZcoin
ADZbuzz Titan (Alpha release) - All in one earnings platform where ADZbuzz members can increase their daily ADZcoin earnings from up to 20 different sources.
And more!
One of the major earners will be the adzbuzz exchange.
What is the adzbuzz exchange?
In short it basically an exchange in which every trader-buyer and seller- benefit not just token holders. In not like kucoin in which only the coin holder get a fee share, every trader in adzbuzz does.
The unique feature of the ADZbuzz Exchange is the option for traders to get at this moment at this moment a 100% rebate on their trading fees in their bonus wallet and a 50% rebate when their referrals trade.
**Plus coin are stored offline and reload manually for security. **
This bonus is reflected in USD at the current exchange rate of the coin the trading fee is received in by ADZbuzz.
Important: There is no need to buy any coin to earn this rebate. All that is required to instantly get the rebate is to trade on the ADZbuzz Exchange and the rebate will automatically be reflected in your ADZbuzz bonus wallet.
The money in the bonus wallet can be used to acquire shares in communities on the ADZbuzz platform, allowing traders to claim ownership over communities.
These communities will allow traders to earn extra coins in 3 ways:
Earn coins accumulated for the owner of that community – This bonus is instantly sent to the earnings wallet and can be withdrawn instantly. This can be done the very moment you made a trade.
Earn daily coins from the profit share on ADZbuzz – This bonus can be withdrawn after 30 days every day and earn traders a passive income forever.
Sell the share in the community – The share you own can be resold to other traders later on in the exchange– After the sale the coins will be instantly sent to the wallet of the coin of your choice.
All ADZbuzz communities and instead of representing ownership in communities by a mere percentage, actually represent it by a decentralized Ethereum Token that can be traded on the adzbuzz exchange. Key note : slowly being rolled out This means that there will be 1000's of new markets added to the ADZbuzz Exchange over time, allowing communities to be bought and sold just like any other coin trading on our exchange.
All community tokens will have the following specs:
-> Built on Ethereum
-> ECR20 Compliant
-> 2 Million Tokens per community
-> Fixed Supply
Here is an overview of how much traders will earn as a rebate on trading fees in their bonus wallet based on the total amount of trading fees earned by the ADZbuzz Exchange:
First $1 Million Trading Fees: 100% Rebate
$1-$10 Million Trading Fees: 50% Rebate
$10-$100 Million Trading Fees: 20% Rebate
$100 Million+ Trading Fees: 10% Rebate Bonus wallet credits can be used to claim ownership in communities on ADZbuzz.
You can find a clear tutorial on how to redeem the bonus credits here: https://forum.adzbuzz.com/forum/adzbuzz-get-started/16220-use-adzbuzz-exchange-trading-fees-to-earn-daily-coins-and-grow-your-community-shares
ADZbuzz is able to offer a 100% rebate initially (and 50% to referrers) because the value of communities lies in their creation. As soon as a community is created on ADZbuzz it needs to be purchased for $100 (non-gold members) or $75 (Gold members) using money or bonus wallet earnings. People start engaging with the content of the community the moment it’s created and posts appear in the stream on ADZbuzz making the community earn daily coins for the publishers and owners.
ADZbuzz Exchange Referral Program Referring others to the ADZbuzz Exchange is also beneficial as you will also get a rebate on their trading fees. This is half of what you get for trading yourself and will be awarded like this:
First $1 Million Trading Fees: 50% Rebate
$1-$10 Million Trading Fees: 25% Rebate
$10-$100 Million Trading Fees: 10% Rebate
$100 Million+ Trading Fees: 5% Rebate There is no limit as to how many people you can refer to the ADZbuzz Exchange
They plan on also giving back the withdrawal fee as bonus credit once one million trade has been done.
Say the withdrawal fee is 0.0005 BTC, you will get 0.0005 BTC back as bonus credit( well as USD at the time the trade was done)
Here the whitepaper for the exchange: https://forum.adzbuzz.com/forum/adzbuzz-get-started/16413-adzbuzz-exchange-whitepaper
I updated this post to reflect the latest decision made by the team/community.
Here is the main whitepaper for adzcoin may have parts that are outdated:
https://adzbuzz.com/ADZbuzz-Whitepaper.pdf
Here is my somewhat biased comparison of adzbuzz to Narrative:
Narrative is a Content Economy, generating rewards for content creators, moderators, and others who positively contribute to the quality of content on the network. Hmm.. where did i hear that from
Narrative is the world’s public journal. There are three types of content channels on Narrative: Personal Journals, Niches (subject-based collections), and Brands Hmm...A personal blog.... A niche aka sites....and brands another site....Hmm
Users can follow specific Narrative channels and view a stream of all content they track. All content is public, curated and managed by elected moderators.
Hmm.....
Best of all, 85% of all revenues generated by the network flow directly to the active participants (e.g., content creators, active participants, moderators, and other positive influencers). This is sounding really similar to something am I right?
The Narrative organization (“Organization”) manages the software development, technical infrastructure and product marketing, but has no role in moderating users or content.
Hmm...I am having deja vu right?
Narrators are essentially owners in the system, because everyone has an equal chance at prospering, based on the quality of their own actions in the network.
Hmm.seems really familiar
Revenue sources for the Network will include: • Niche and Brand Channel Ownership Fees • Advertising • Issuance of NRVE Tokens
Hmm... a community like feature in which you have to buy? Could of sworn i heard this before.
Revenue collected by the Network is held and disbursed in the following manner: • Content Creators: 60% • Narrative Organization: 15% • Niche Owners: 10% • Activity Rewards: 8% • Niche Moderators: 6% • Tribunal: 1%
Hey isn't the like adzbuzz profit share system?
Diff users in Narrative:
Narrator Any registered user of the network. All users have their own (free) journal that they can post to anytime.
So like personal post in adzbuzz?
Content Creator A Narrator who posts content on the network. So earning form posts hmm.....
Niche A Niche is a subject-oriented channel that any Narrator can post to. Niches are created by Narrators, but each must be unique and must be approved by a vote of all Narrators who are “Rep Pos” (have a positive reputation). Every authorized niche must have one owner and one or more moderators. These owners and moderators earn Network Rewards, based on the overall popularity of each Niche.
So it kinda like adzbuzz community feature with the share have rights features.
Founders:
Any person that contributes 60 NEO or more in the Narrative Token Sale will be classified as a “Founder” when they register on the network using the same email account they used for the Token Sale. Founders will receive the following special rewards: Niche Ownership Advantage: when we launch our early alpha, codenamed Chaucer, in March 2018, only Founders will be allowed to reserve/ purchase new niches for the first two weeks. This gives them a huge competitive advantage in reserving the most popular subject areas. Activity Points Bonus: for each reward period, Founders will receive a 10% bonus for the number of Activity Points they accumulate. Thus, if the Founder generated 100 activity points, we would add 10 bonus points to his total. This will occur for the life of the Founder’s account. Exclusive Access: Founders will be granted exclusive access to the Narrative team via a dedicated Slack channel from the end of the Token
Wait isn't like adzbuzz gold?
https://adzbuzz.com/adzbuzz-gold
NO CRYPTO BARRIERS:
Cryptocurrency is not highly adopted yet. Thus, the network cannot thrive and compete with other networks if it requires its users to use cryptocurrency. Thus, advertisers will have the option to pay with fiat currency and network rewards can also be received in fiat currency (through a crypto/fiat conversion process)
Hey we have a paypal !!!
Both Owners and Moderators of a Niche are compensated for their efforts by participating in Network Rewards, based on the overall popularity of their channel, compared to others.
This is like our community earning feature.
Owners must pay an annual fee to purchase the Niche. If they fail to renew the fee, the Niche is re-listed for a new Owner. Annual fees are paid in NRVE tokens. So it like our community feature expect renwas are needed.** I think adzbuzz might need to do that but just a low renewal fee like $1 a year fee nulike Narrative. This $1 fee will show if the account is active and just getting rewards. if not paid a 30 period lock in period before going auto sold Food for thought**
Revenue: on every user profile, Narrative will display the revenue earned by that user currently and all time (with graphs). In addition, each content item will display how much it has earned the creator. Network rewards each month will also be summarized (revenue per source and how distributed). The platform will also display how much advertisers pay for each ad (historical log). Fiat conversation fees collected by the Organization will also be made available for anyone to see.
Wait a second adzbuzz does that too!
Approval of Ads: Advertisements must also be reviewed in advance to ensure that they meet the standards the community of users adheres to
Adzbuzz has it to but a stake system
However, the Organization is guaranteed to always receive at least 15% of all network revenue.
Adzbuzz doesn't do that directly. Adzbuzz has a stake in the system as such they will be forced to make adzbuzz better since they have a direct stake in adzbuzz. And elected masternodes
I will to talk to anyone using Narrative for their opinion on this. You answer my question and I shall answer yours.
:)
Key note let get steem listed on adzbuzz:
@cicbar and @harj and anyone please let discuss about this :)
Join adzbuzz by
Either go to site: https://adzbuzz.com/
Or use my ref link: https://adzbuzz.com/go?r=ahsanulkhan