Why shouldn’t you be rewarded when creating user engagement?
Chances are that you, like almost everyone else, is on social media. The average social media user is signed up on at least 3 different social media platforms and checks all of them on a daily basis. Most people even check them a lot of times every day. This equates to a ton of time spent browsing social media every single day, but what do you get in return? Nothing but ads served in your feed. The users are what drives the platform forward and are also a huge part of driving more people onto the platform. Creating posts, status updates, posting pictures and so on is the what most people want to consume when using social media, so why aren’t the people who contribute it being rewarded with anything? This is a question a crypto startup asked themselves, they want users to be rewarded for the user engagement they create. The project goes by the name of LikeCoin, and is appropriately creating a new an improved like button which rewards the people’s content which is being liked. This creates an environment where users are more motivated to contributing content their friends or followers want to see as they are earning more the more engagement it gets.
LIKE is more than just a rewards token
When people are rewarded because of the likes they generate on their creative content, they are paid in LikeCoin’s own token, LIKE. However, this token has some features most people probably didn’t expect. One of them is collaborative rewards, this means that if someone uses something you have created in order to create a new creative piece, you get some of the rewards that the one work generates, because you essentially own a part of it. This means that you can really start raking in a lot of rewards if other users start using your work for their work. You can also enable payments of Like Coins, which means that people can directly pay you for your work, service or product in LIKE. Below is a graphic from LikeCoin that displays a scenario of how a single like can reward multiple entities because they all have a part in the liked product.
To fund their project, LikeCoin is raising funds through an initial coin offering (ICO), selling their ERC20 token LIKE. LIKE tokens are a vital component of the LikeCoin ecosystem as it facilitates rewards.
The token sale started on the 7th of May
The token sale ends the 21st of May
40,000 LIKE = 1 ETH (Bonuses are available for different phases, see chart below)
- Maximum amount of tokens minted is 2,000,000,000 LIKE (by 2028)
- A maximum of 600,000,000 LIKE will be for sale during the ICO
- Hard cap is 12,600 ETH
- Soft cap is 4,200 ETH
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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