OK, So everyone wants to know -
The who, what, when , where , why's and how's.
Well in this episode I'm going to explain exactly what it is. It's likely much better than you really think at first glance. We're going to dive into the full Business plan listed on http://www.rakugo.co so that we can give our investments much more validations towards to upcoming success of Rakugo. You are welcome to download it yourself and follow along with me, or give it a full review for yourself. It really provides alot of insights into whats happening here.
So, What is Rakugo?
Rakugo is an Ethereum blockchain-based secure content publishing platform that rewards contributors with revenue and exposure for their content. The misson is to allow anyone to materialize and protect their creative value in a simple and intuitive way - using blockchain technology.
Historically, online publishers force creators to give up rights to their content, and demonetize the authors, while reaping advertisement profits solely for the company. We have seen similar styles of events occur with buzzfeed, and vice news as examples. These authors entirely give up their rights for a simple line of credit on who wrote it. They receive no incentives and sign off all rights to their published work once it is submitted.
Rakugo brings together a community of content creators, editors, publishers, and readers, to create a new +decentralized publishing economy.
Why should I use rakugo? Doesnt "Steem-it" pay users already for publishing?
Well sure, Steem-it has a great system built, but its lacking correcting in my opinion. On steem-it users are paid using an upvoting system, however, if you don't add value to your account using cryptocurrency, your upvotes arent worth much. This leads to a group of "whales" with large value accounts, upvoting each other in a circle reaping all the benefits, while smaller kats go unnoticed by the majority and get drowned in pennies.
Rakugo is changing this model entirely. They are utilizing the news media style similar to Buzz feed and other multi Billion dollar publications.They plan to utilize in on advertising revenue and distribute that fairly to users based on the value they add to the platform. This ensures a FAIR and EQUAL system unlike Steemit currently uses.
Rakugo also plans to offer paid "premium" content subscriptions to prominant curators. This means authors will ++be able to release public content, aswell as request micro fees for visibility on larger more scalable content.
Both of these features combined with add immense value to publishers content. Rakugo also plans to utilize a copyright for authors. Users will be able to fully secure their content from theft or plagerism while FULY retaining the rights to their work and revenue. Something that has NEVER been done before. Before Rakugo that is.
When is the Token Sale (ICO) taking place? When will tokens be distributed and what will the price per token be?
Well the pre-sale has already begun back on August 1st, Unfortunately You would need to register to participate. This option may stil be available if you quickly jump to www.rakugo.co is get your information submitted (email , eth address and name , basic stuff). The initial price will be listed as 1200 RKST/ 1ETH . During the pre-sale , investors get an option of a 5% bonus on investments 1-50 ETH, 10% for 51-150ETH , 15% for 151-249 ETH, and 20% +bonus for 250ETH + . The full ICO will begin on August 19th and continue until Sept 19th, unless a grand hardcap of 20,000 ETH is raised before that. The tokens will be distributed at the end of the ICO sale
Who is behind Rakugo?
The founders of Rakugo are Brendan Playford and Wyatt Meldman-Floch. There is a wide range of developers, publishers, media and blockchain experts behind the developement aswell. If you wish to go into depth with the full team Rakugo has, jump over to http://www.rakugo.co to browse their LinkedIn profiles.
How does Rakugo plan to make an impact on this already well established sector of business ?
Tune in to find out the reply to this question and more on tomorrow Webinar by registering at http://www.rakugo.co/rakugo-webinar-session-1-meet-the-team/+
This will conclude todays cast of Digital Currency Daily, I hope I have expanded your understanding on Rakugo and hope to see you on the investors' table. If you caught this video on steemit it would be appriciated if you could upvote comment ,reteem and follow the channel for more daily updates!
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My name is Conrad, Thanks for stopping by, and I wish you all the best of luck out there. See you tomorrow.
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