What is Narrative?
Narrative is an online content network where the registered members are rewarded with reward points with a 1:1 correlation to NRVE tokens (which can be exchanged for money through crypto exchanges) for their positive contributions. You can create and publish your own content. read content, comment posts, like or dislike it, vote on niches and more.
So basically you can earn some tokens that can be converted to money by creating content and participating on the platform.
What is NRVE?
It is the utility token that supports the Narrative platform. You get NRVE credits based on the actions in the platform. Each month Narrative will pay out 85% of the NRVE rewards pool ( which is all revenue generated by the network such as niche ownership fees, advertising fees, newly minted nrve tokens,etc..). I strongly suggest you to learn more: https://spec.narrative.org/docs/network-rewards ).
The pay out will be distributed in this percentage:
60% for content creators ( those who write posts)
10% for Niche Owners (those who own a Niche)
6% for Niche Moderators (those who moderate niches)
8% for general activities (such as voting on Niches, doing a like/dislike, commenting, etc..basically, If you are actively doing something on the platform to contribute, you are eligible to earn some NRVE from this percentage)
1% for the Tribunal members.
The company only keeps 15% to support the infrastructure and marketing.
What are Niches?
Subject areas on Narrative platform. Think of it as a kind of a "group" or community on a given topic. They are unique areas in Narrative where content creators can post related content. If you own a Niche you will be rewarded with a portion of the 10% from rewarded pool based on the niche popularity. The more popular your niche, the more recurring revenue you will earn. The role of the owner is to promote the niche and ensure that it has sufficient moderators to maintain a high quality of content that is pertinent to the subject. Niche moderators are elected by the followers of the niche.
Every year niche owners must pay a fee to renew his ownership. If a niche owner fails to pay the required renewal fee for a niche, the niche will be put back up for auction, where the highest bidder will win. Moreover a niche may be sold by a niche owner if they want
Why should you be interested on Narrative platform?
I think because:
both content creators and participants of the platform actually earn from participating on it
the content reward model is nice
quality is sought through the various mechanisms of rewarding, election and moderation