Did you ever wish Facebook and Twitter were virtual meritocracies where quality comments and content were rewarded, instead of the lowest common denominator and flaming? Do you ever wish that you benefitted in some way from the traffic your posts generate, that you shared in the revenue generated by eyeballs viewing advertisements next to your content? Are you sick of exhausting social media echo chambers? I know I was, and then I came across CBNT. Facebook isn’t a platform for conversations between adults, professionals, those who actually have something substantive to say, rather it is ruled by the banal. This is due in large part to the fact that there is no incentive to make accurate, well-reasoned, comments and responses. CBNT is the exact opposite.
Combining the best elements of social media and the booming blockchain model of internet interactivity, CBNT is a platform that rewards expert users for creating high-quality content. By turning likes, shares, comments, engagement, from an arbitrary ego-booster into tokens that grow in value as the platform does, CBNT has incentivized user engagement with superior posts.
Not only that, CBNT offers something that traditional social media platforms wouldn’t dream of: advertisement revenue sharing based on engagement. The higher quality the content created, the more tokens that content generator will be rewarded with. Authors are rewarded with 50% of the incentives generated by ads on their page. Those who follow and engage with the content created by authors obtain 40% of incentives while the rest (10%) is delivered to the “Caibao Room”.
The Caibao Room (named after the CBNT token, which is otherwise known as the caibao token, representing the Chinese characters for wealth and treasure) is kind of like the token bank for CBNT. Here is where sharing advertising revenue becomes a reality, as you can trade a CBNT token for a proportional amount of Bitcoin or Ethereum.
CBNT also offers particularly skilled and knowledgeable authors the ability to engage in paid Q&A sessions, paid material readings and paid sharing groups. For high-level contributors, CBNT could eventually be an extra, knowledge based blockchain revenue stream.
As the overall value of the CBNT platform increases, the more the value of tokens increases, which means quality content is the proverbial tide raising all ships. The tokens themselves are at the core of CBNT’s unique offering and are essentially digital rights while on CBNT. Liking, commenting, sharing, all are linked to tokens, mining tokens via platform participation. The tokens themselves will be released every day from the mining pool, at a fixed time, to incentivize interaction across the ecoysystem.
The content itself is largely concerned with the latest breaking blockchain information, as well as financial investment closely related to token economy systems. This means that most users are already sophisticated peers with an interest in building a better blockchain environment.
If you’ve ever spent a great deal of time and energy on a well thought out response, only to see it wholly reposted by someone else claiming your keystrokes as theirs, then CBNT will definitely interest you. CBNT offers a content confirmation function which generates a unique authentication value for each piece of media. Containing creator information, release time and content tags, this feature allows information about the content to be written into the blockchain as a verifiable certificate of content ownership, which would be useful in the case of questions about the content’s copyright.
Overall, CBNT is a fascinating melding of the potential of blockchain with the benefits of a platform for professionals interested in the technology. I can’t wait to start filling my Cabaio.
Website: https://www.cbnt.io/
Whitepaper: https://www.cbnt.io/whiteBook1.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4906256
Twitter: https://twitter.com/CbntOfficial/
Facebook: https://www.facebook.com/cbntofficial/
Bitcointalk Username: rabia_laskor
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2153374