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Author Topic: [PRE ANN][RES] RESPECTONOMY -A Decentralized Social Network - ICO Date- 1st FEB-  (Read 6176 times)
tbolt256
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December 29, 2016, 02:05:52 PM
 #1



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INTRODUCTION

Respectonomy is a decentralized, self-moderated social network system that gives the user the freedom to share their thoughts without the fear of censorship while rewarding them for it. Though modern social networks provide a platform for free information exchange, it is just an illusion of freedom as some sort of moderation or censorship is often used. This project aims to assign value to data, measuring the quality of inherent information, and to provide a mechanism for fairly compensating data bandwidth availability.

Respectonomy will be an open-source, browser based implementation, that utilizes the Bittorrent protocol for content sharing and a proof of work blockchain to determine the value of the RESPECT token that runs the system. Being an independent token, unlike colored coins, the PoW blockchain system that Respectonomy flows on, represents a closed network with dynamic membership of parties, and this determines its true value in a free-market.

Our system makes use of the RESPECT token that can be used by the users to vote for the content that they deem to be of a superior quality. This ensures that the content is reviewed algorithmically by the network and not determined by the reputation of any user. The value of the content is now based solely on the value of the token which is determined and fairly distributed by a proof of work blockchain. This prevents the branding of any user as a good content creator while at the same time discourages ads, spam and trolls.



FEATURES

Open Source  
  Autonomous
   


Censorship Resistant  
  Fair Distribution  






  • Name: Respectonomy
  • Token: RESPECT
  • Symbol: RES
  • Algorithm: Proof of Work
    To avoid an identity conflict, a Proof of Work (PoW) based algorithm is used. The miner solves a computationally hard problem which is decided by the difficulty level to mine a block. The solution to the problem shows proof of the miner's work in obtaining the block and hence there is no conflict in the identity.
  • Block Specification
    The initial block reward is 16 RES per block. A block is generated every 2 minutes. This block reward reduces over time (see Halving Rewards) to give an incentive to early users of the platform. Eventually each block will have the same reward.
    The block rewards are halved every 525800 blocks, which is approximately 2 years at an average time of 2 minutes per block. The block reward is halved till it is 1 RES and stays constant henceforth.
  • Difficulty Re-Target
    The difficulty level of a block determines how hard it is for a miner to get the hash value of the block. Initially the difficulty will start at 1, which is the lowest possible value, and will increase with subsequent blocks. The difficulty level is calculated as a moving average of the past 2016 blocks. The difficulty may increase or decrease to ensure that the average block time is approximately 2 minutes.




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Founder: Miss Budchai    
   
FireBird (Developer)
Thunder Bolt (Developer)
VicktorX (Web Developer)
Red Sonja (Digital Marketer)
Fantastic Mr. Fox (Trading Specialist)
Asterix (Strategic Head)


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December 29, 2016, 02:08:49 PM
 #2

Hashing algo?
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December 29, 2016, 02:09:02 PM
 #3

whe will it be launched?

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December 29, 2016, 02:12:18 PM
 #4

I'm following u on twitter. This project sounds interesting. Good luck.

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December 29, 2016, 02:12:51 PM
 #5

No bounty on twitter or facebook and articles? because I want to participate to it if there is.
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December 29, 2016, 02:13:30 PM
 #6

Looks intresting. Any bounty? When are you plan to start?

(                       incent                       )
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BETTER LOYALTY THROUGH SMARTER REWARDS
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December 29, 2016, 02:15:45 PM
 #7

any bounty for local translation??? i would to reserved indonesian translation
thank you

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December 29, 2016, 02:16:11 PM
 #8

Do you have anything to show us? Will this be an ICO or mining only? more info please.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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December 29, 2016, 02:24:20 PM
 #9

Thanks for your interest Smiley
All details are on our website. Whitepaper link will be updated in this post itself.
This is only a PRE-ANN, a final announcement regarding ICO, bounties, and other details will be made shortly. Please keep following us on our social links for updates.

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December 29, 2016, 02:26:11 PM
 #10

There is nothing special really there is nothing.

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December 29, 2016, 02:36:07 PM
 #11

Quite interesting.following your all social media.. Wink

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December 29, 2016, 02:39:30 PM
 #12

You have any bounty for translation than let me know to make reserve my slot for this opportunity.

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December 29, 2016, 02:41:24 PM
 #13

Algo is SHA256 and there will be an ICO for 4 million coins and they'll even keep an additional 1 million.

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December 29, 2016, 02:42:45 PM
 #14

I skimmed through the website. It looks like your building another Alexandria. We already have platforms that do what you are trying to do but that doesn't matter if you can do it better.

Do you have anything built yet or is this still in the planning phase?

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
● First UTXO Based PoS Smart Contract and DAPP Platform ●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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December 29, 2016, 02:45:21 PM
 #15

Great to know that you did not made this a moderated thread we'll hope that your official announcement will also not be moderated so we can give our honest opinion about your coin I predict this is another ICO in the making jus tlike all the newbies who posted their new coin.

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{}.
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tulipbubble
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December 29, 2016, 02:45:36 PM
 #16

There is nothing special really there is nothing.

Yes, if it is mining coin, not many will mine it, if ico? I doubt they will raise much fund
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December 29, 2016, 02:48:31 PM
 #17

really shitty name.

you need to think of something more catchy.

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December 29, 2016, 02:55:42 PM
 #18

There is nothing special really there is nothing.

Yes, if it is mining coin, not many will mine it, if ico? I doubt they will raise much fund

if they search enough they will find that Ico coin are having a hard time,even those heavily promoted coins are not getting their target,it's better to mine this coin and also make it a pos coin for those who can't mine let's see what kind of roadmap about transferring this coin to investors..

tbolt256
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December 29, 2016, 02:59:27 PM
 #19

Great to know that you did not made this a moderated thread we'll hope that your official announcement will also not be moderated so we can give our honest opinion about your coin I predict this is another ICO in the making jus tlike all the newbies who posted their new coin.

The post is unmoderated based on my previous interactions with more experienced users on the forum. Official announcement will also be unmoderated. I sure hope our ICO will not be like others and will get a good response.

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December 29, 2016, 03:23:00 PM
 #20

Great to know that you did not made this a moderated thread we'll hope that your official announcement will also not be moderated so we can give our honest opinion about your coin I predict this is another ICO in the making jus tlike all the newbies who posted their new coin.

The post is unmoderated based on my previous interactions with more experienced users on the forum. Official announcement will also be unmoderated. I sure hope our ICO will not be like others and will get a good response.

So it's going to be another Ico,you know how everything works when it comes to ico,I hope you will not be the kind  of new dev from a newbie launch coin stating that there's no need for an escrow,anyway since you already made an interaction let's see what you can put in the table ..

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