So newbium will have features like steemit? How's the plan to monetize & how the rewards system will work? Also similar to steemit where readers can upvote articles?
Yes,
https://coins.newbium.com will be very similar to Steemit, Facebook, etc as a social media site where anyone can post content. But keep in mind that we are focused only on crypto related content. Also we are already a leader in real time crypto market information with the visualization part of newbium. So with real time crypto market information + crypto related user generated content, we are already seeing something very unique taking shape.
The rewards system is still being fleshed out but it will definitely reward those who provide content. We have not decided if voting will be used but sharing is one action which is already confirmed. So users will be rewarded for sharing content to social media even if they are not the original posters of the content.
The reputation system will also be integrated into the rewards system....we intend to build a meritocracy so that only those who provide the best content (analysis, news, information, etc) will have the best ranking.
Although we can see various monetization options our focus at this point is to get the content generation cycle started. The more high quality content we generate on the platform the more our organic reach increases and the more users we will attract. The more users we have the more we can monetize....revenue streams we have already highlighted are subscriptions and commissions from shapeshift trading.
