Good day everyone i would be writing about the EVERY MEDIA PLATFORM like i introduced the last time,click on this link in order to have an overview of it https://steemit.com/blockchain/@adelekejustin01/introduction-to-every-media-blockchain-platform-a-new-media-ecological-public-blockchain-for-unbundling-baadd-media .Today i would be writing further on the following;
A) EVERY MEDIA PLATFORM ECOSYSTEM
EVERY MEDIA PLATFORM ECOSYSTEM
Blockchain has a characteristic of a network that all participants trust the safety of each other, is interdependent,
and runs organically. Also, it grows based on the participation of members. The value of EVE coin which is
created from blockchain is not held by the coin itself but is held by an ecosystem that is open and distributed
based on trust so that all participants carry out the role of network faithfully. Thus, we want to actualize a
mechanism that a greater number of members can participate in the coin network.
The ecosystem of platform is made up of 3 assets such as EVE which is the fundamental coin, ADD which is
used for the value exchange of advertisement and data, and EXP which is needed to move the ecosystem
smoothly. The three distribution policies that are necessary to operate these assets are as follows.
First, contents are experience goods, so they are used to produce the value of experience goods and all
participants receive rewards. The contribution level is calculated quantitatively for a set period (7 days) and is
rewarded by relative evaluation. Another method for a content reward is to receive profits earned from an
advertisement as the reward. One can receive an advertisement reward additional to content producing reward
by measuring the number of impressions in a way that pays advertisement fee per 1,000 impressions (CPM,
cost per impression). This is a generally used method for a digital advertisement. The content which able to
produce rewards are awarded only once after measuring their contribution level for 7 days, but advertisement
rewards can receive continuous rewards based on the number of views.
Second, the assets that maintain the platform ecosystem are categorized into assets that have primary functions
such as a measure of value, exchange means, and reward and assets that have status, access, and power. The
first assets are EVE coins, which are the basic trade means from main blockchain and rewards for the contents,
and AD & DATA (hereafter called ADD) coins, which are advertisement rewards. These can be traded at outside
cryptocurrency exchange market and are liquid assets. The latter assets are EXP which are kept for a long time.
Third, the value of assets which is needed in order to maintain the ecosystem, lie between the link and network
of platform participants. Thus, all assets circulate based on interests and needs shared between participants, and
if a participant group is added, the function can be added onto continuously.
ADD(AD & DATA)
The ADD coin is a reward that can be received mainly based on the level of
contribution for the advertisement, and it has a high liquidity just like the EVE
coin. Thus, it can be bought or sold at the cryptocurrency exchange.
Especially, since ADD coin can be exchanged for the advertisement value, it has
characteristic of downward inelasticity which stays at KRW 100. However, it
also has upward inelasticity since it can be paid as the advertisement fee for the
amount of value fixed by the platform. At the same time, the ADD coin has the
ability to actualize the Internet of value. When it is wired to another person
through the address of the wallet which is provided from the platform, no
transaction fee is charged.
Stable growth of community
EXP is the central point of the ecosystem that makes the community more stable.
Thanks to the mechanism design which is included in EXP, the content creator is able to receive a bigger
reward, can work more, acquires more rights to speak, and can make a trustworthy new user a member of the
community. Through this, the community can steadily grow more and more.
THANKS FOR READING.
To know more about this platform;
visit the website: http://everymediaplatform.io/en/index.html
join the telegram group: https://t.me/everymediaplatform
my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1070043
whitepaper link: http://everymediaplatform.io/en/whitepaper/EMP_Whitepaper_EN.pdf
facebook link: https://www.facebook.com/official.embp/
twitter link: https://twitter.com/emp_official_tw
Bounty thread: https://bitcointalk.org/index.php?topic=4986481