[ANN][OFFICIAL] PR.network – Incentives-based Publishing & Credibility Reviews

[weav]

Hi Folks,

We've got some news and a couple of changes or rather "upgrades" in the gameplan.

Enjoy this raw version Part.1. about:

- The basic problem we try to solve,
- The proposed solution,
- Token development
- Token Distribution.

Let us know your questions and comments

Part 2 will cover:
Voting Rules.
Public Prediction
Simulation of Payouts


THE PROBLEM

Public opinion polling is in a crisis due to industry’s outdated methods used since the 1930s. In the last few decades, the percentage at which people participate in opinion polls has been dramatically declining and this negative trend is ongoing. With no innovations, it's only getting harder for researchers to reach out people and predict the public opinion as accurately as it should be.

THE SOLUTION

PR.network (PRN) creates a foundation for a new phenomenon – the Public Polling 2.0 –incentivized real-time polling based on the voting system fueled by Unique Digital Assets – ERC20 Tokens. The objective of Public Reputation Network is to use blockchain to revolutionize the way global communities predict and influence the public opinion using a fun and rewarding social media platform.

Public Reputation Network creates a unique blockchain based alternative to public polls and surveys. At PR.network participants do not reflect personal opinions but predict the collective opinion of the majority of people. The platform provides the general public with an independent and rewarding online review platform and lets the global community to participate in the process of shaping the general opinion about public entities, topics and affairs.

PRN Community members are incentivized to keep their predictions up-to-day every day. Each time a prediction is in line with the actual status, at the end of the day, all relevant members are rewarded from the pool of incorrect predictions. According to user’s desired maximum risk per day: 2% up to 100% of Digital Assets gets locked in the prediction pool for redistribution to winners. The loss can never go beyond limits, but rewards can go beyond or under the limit depending on the size and number of incorrect and correct predictions' value and quantity.

PR.network is currently in Beta. During this phase, only basic functionality is supported and only reputations of public entities can be monitored. Over time number of measured categories will grow and may include: products, services, events, shows, games, films, series, music and much more.

UNIQUE DIGITAL ASSETS (UDAs)

PR.network is fueled by 2 Balanced Binary Tokens: PR+ and PR- the Unique Digital Assets.

PR+ and PR- are digital cryptographic currencies with a capped supply of a total of 100 Million.  PR+ and PR- work in synergy to provide security, utility and entertainment through rewards and opportunities to create, hold or exchange Unique Digital Assets (Tokens) that measure the value of public entities and matters.

PR+ TOKEN is an essential asset in terms of usability at PR.network. It executes all requests sent to the network. 100 MLN supply of PR+ is released based on a predefined plan in the Smart Contract. PR+ is utilized as network’s security against spam and Sybil attacks. Users use PR+ to Vote, create PR Cards and PR- Card Tokens. PR+ is based on deflationary supply model in which 100 PR+ is destroyed each time a new PR- Card Tokens is created. Deflationary model ends after PR+ reaches 50 Million Units and no more PR Card tokens can be created.

PR- TOKEN broadcasts real-time capitalization value of all PR Card Tokens created by the community. PR- Card tokens are Unique Digital Assets with a supply of 100 Units per Token. Each PR- Card Tokens measures the total value of each PR Card based on the real-time market capitalization for PR Card Tokens.  Every PR Card owner can create unique PR Card Tokens for each PR Cards in the collection. Holders of PR Card’s Tokens can earn up to 100% of security fees paid by the community depending on the percentage of PR Card Tokens they hold. New Ethereum tokens are generated with a click of a button and automatically added to the internal UDA Exchange and to user’s account balances. Creators of Unique Tokens can hold or trade their tokens with other community members. For every new PR- Card Token generated 100 PR+ is destroyed.  

TOKEN DEVELOPMENT PLAN

Until final Smart Contracts aren't released PR+ and PR- three tokens play an important role in the process: PRN, PRICO and PRAir: 12 MLN PRN + 44 MLN PRICO and + 44 MLN PRAir = 100 MLN PR+ Token

PRN TOKEN: - 12.000.000 Supply - PRN is used to perform Early Bird ICOs and Airdrops. PRN facilitates the early adopter’s programs, Community bounties and is used for beta testing the incentivized Public Opinion Predictions. As soon as PR+ and PR- tokens are defined and implemented, PRN will be swapped one to one with PR+. PRN is expected to be exchanged at the internal UDA exchange but there is no plan to pursuit PRN to be listed at external exchanges.

PRICO Token - 44.000.000 Supply – PRICO is used for the purposes of ICOs: PRE-ICO and ICOs. PRICO uses smart contract for ICO schedules and pricing. ICO is spread over 12 months. The highest price bonus is gradually decreasing to reach the official price in the last ICO. As soon as the smart contract for +PR and PR- is set up, PRICO Token will be swapped with PR+ one to one. PRICO is planned to be exchanged at the internal UDA exchange only, there is no plan to pursuit PRICO to be listed at external exchanges.

PRAir Token – 44.000.000 Supply is used for the purpose of future Airdrops. PRAir is a token allocated to the founders, the community and developers. Yearly release of the coin is capped to a maximum of 1 Million PR+ per beneficiary. PRAir token will be exchanged with PR+ one to one, but the release of PR+ will be capped by yearly limits. PRAir cannot to be traded at the internal or external exchanges.



TOKEN DISTRIBUTION PLAN

Initial Coin Offerings (ICO) PLAN:
Half of all PR.network Tokens (50.000.000) is distributed through Initial Coin Offerings (ICOs).



6.000.000 of PRN is reserved for Early Birds Supporters and Adopters
3.000.000 is reserved to Early Bird Supporters - members who’ve been supporting the development of the platform since the beginning.
3.000.000 is reserved for Early-Bird Investors developers, partners and community members. Only signed up members with a minimum of 20 Balanced Votes can participate.



12.000.000 of PRICO is reserved for the Public PRE-ICO
PRICO is planned to be distributed from the 7th till the 31st in December. All Ethereum holders can take part in the PRE-ICO to benefit the highest price bonus in the entire public coin offering period.



32.000.00 of PRICO is reserved for the Official ICOs
32MLN of PRICO is distributed every month starting January 7th 2018 through December 31th 2018. The price bonus decreases after every ICO. Unconsumed ICO QTY gets rolled to the next ICO with a lower price bonus. Except the last ICO in December 2018, when 10.000.000 of PR+ is released for offering, monthly only 2.000.000 if released in ICO.



AIRDROP PLAN

Half of all PR.network Token (50.000.000) is distributed through long-term Airdrops.
6 Million is released through PRN Token and 44 million thought PRAir.
3.000.000 of PRN Token is airdropped to the first 12.000 Early Bird Adopters, out of which 82% is allocated to the first 2000 community members. All Early Bird Adopters are entitled to 20% of the Airdrop after reaching a minimum of 20 Balanced Votes. To receive entire Airdrop 100 Balanced Votes is required.



3.000.000 of PRN is airdropped through the Bounty Programs to the Early Builders: Publishers, Voters, Bounty Experts, Web Designers, Solidity Devs, PHP Symfony devs, JavaScript devs, Copy-Writers, Technical Writers, Bloggers and Translators.



44.000.000 of Airdrop funds are distributed through Token PRAir. PRAir is designed to gradually release PR+ to Founders, Community and Developers. PRAir has a yearly release lock of 1.000.000 PR+ per beneficiary and a maximum of 3.000.000 per year for all three beneficiaries.



Founders Allocation is to help PRN founders to continue building more blockchain based solutions.
Development programs will provide funds to support the development of the final decentralized version of PRN.
Participation programs will support adoption and needs of growing community.

Looks great, nice update.

[PRNETWORK]

When is the PRN ICO scheduled, and what is required to qualify as an "Early Bird Supporter" or "Early-Bird Investors developers, partners and community members"?

3.000.000 PRN for Early Bird Supporters is already reserved for supporters and advisors.

3.000.000 PRN is for Early Bird Investors - only community members with an account and Ethereum address attached to it can participate. All contributions must be sent from that Etherum address to PR.Network address to qualify. Community ICO and ETH address will be announced this month.

We give you an opportunity to purchase PRN TOKEN 4000% or 4x cheaper than the official ICO Price.  This is why 1 member can only purchase only up to 500.000 PRN.

Minimum purchase: 5.000 PRN (0.0833 ETH)
Maximum purchase: 500.000 PRN (8.3333 ETH)

If you take the future of this platform seriously it's the best moment for you to buy and hold the value of this Public Reputation Network.

Let us know if this doesn't sound like a great opportunity to you!

[freo]

Yes this does sound like a very nice opportunity. 4000% is a great bonus for early members. Look forward to getting the details later this month.

[Elkmar]

Well, that's some great news we got there. Keep up the good work guys 

[PRNETWORK]

Guys, PR.network has a really huge potential to disrupt the market!

All PR Cards are not only designed to measure, influence and predict the public opinion. In the future PR Cards will also measure the real-time popularity of entities based on a real-time market capitalization of every PR Card Token in the network!

Every PR Card token will have a supply of only 100 Units and You PR Card creators will be the ones creating, owning and releasing PR Card tokens to the public!

Each PR Card token will measure the popularity of public entities: actors, politicians, sports clubs, you name it. Holding PR Card tokens will generate earnings for Token Holders from fees paid on these Cards. If you own 1% of a token, you earn 1% of all fees paid on the PR Card token you own.

The value of every PR Card token will fully depend on the actual supply-demand.  How much can a Token of an idol be worth? We don't know yet but there is always a chance it can go to the moon!
 
How cool is that!?

[omitusaf]

Thank you all the silent but active ones! Here some highlight from this voting cycle:

New Votes:


New PR Cards and Stats:


New users are from the US, Australia, Marshall Islands, Indonesia, Malaysia and Poland
We already have many PR Cards that represent public women, now we just need more women in the voting community!

If you still don't get the thing, it's really simple: All the PR cards belong to users that created them. There is only one Justin Bieber, Elon Musk, Putin or Tesla. (sorry already in the network) so you can hold unique PR cards of public entities not yet created. How many politicians, Sportsmen/women, musician or brands you know that are not on the Public Reputation Network yet?

We will turn all PR Cards (and later the Public Opinions) into Unique Digital Assets (UDA's) that aggregate real-time feedback about the public trust towards those entities. Cards and Opinions will generate rewards for their creators, users will be able to buy, sell, auction or give away cards like other digital assets. Why would people want to buy those cards? First of all, because they will generate incentives for their owners. Also, how many people you know that love to collect unique assets like stamps, printed cards, etc?

Will there be rewards for users who vote on the cards but do not create them?

[s1]

... Holding PR Card tokens will generate earnings for Token Holders from fees paid on these Cards.  If you own 1% of a token, you earn 1% of all fees paid on the PR Card token you own.

Who pays a service fee, what does the fee pay for, and why would anyone want to pay a service fee?  Please explain this bootstrapping.  Thanks

[PRNETWORK]

Will there be rewards for users who vote on the cards but do not create them?

Yes, voting or better: “predicting the general opinion using votes” is the main long-term incentive program where every day a minimum of 2% of Locked token Qty is redistributed from inaccurate members to the accurate ones.

It’s important to note that the first 100.000 Votes (Currently we’ve got 6000 Votes) will be backed by a Token as an incentive for Early Bird Voters/Adopters from the Bounty Program- DevOp support. When prodictions get activated this 100K will be locked for everyday redistribution of the 2% from the worst predictors to those that are the best (accuracy-wise).

... Holding PR Card tokens will generate earnings for Token Holders from fees paid on these Cards.  If you own 1% of a token, you earn 1% of all fees paid on the PR Card token you own.

Who pays a service fee, what does the fee pay for, and why would anyone want to pay a service fee?  Please explain this bootstrapping.  Thanks

It's a Security Fee - Flexible Security fees are used against spam and Sybil attacks. Fees differ among PR Cards and community members. The higher probability of a fraud the higher fee.  The check system behind will analyze votes and PR Cards to defines ratio to the baseline fee for each Card and Member.

Baseline fee is very low, it's an equivalent of 0.02 $ in Token for every request on the card.

[omitusaf]

PUBLIC REPUTATION NETWORK

(PRN/PR.NETWORK)

PRN is an incentivized social influence network built for communities to reflect actual reputations of public people and organizations and to predict their future reputations.

PRN is built to serve the global community as the most reliable source of information about the public trust - generated from the bottom-up based Balanced Binary Voting.

PRN is a platform for public entities to help them identify how to act and behave on a daily basis in order to survive in their public sphere.

PUBLIC REPUTATION NETWORK utilizes the Balanced Binary Voting. The latest voting model invented by PRN founders:

"In the balanced binary voting overall sentiment of the society is always neutral. In every case, a balancing is necessary for every vote to count. In this model, voters are incentivized to vote on topics they do and do not feel strong sentiment about. When a voter expresses a positive opinion on a topic, the second balancing vote must be negative and vice versa.  Each voter casts first vote on the topic he/she may feel strongly about and balances the vote with the second opinion for another topic of their choice they may not have a strong feeling about."

PRN LEGACY:

Official Animatic: https://www.youtube.com/watch?v=eCMPpufFHaA&t=5s
Official Landing Page: https://www.pr.network/landing
Official Website: https://www.pr.network/
Rules Page: https://pr.network/rules
Empty blog awaiting for you blogger: https://pr.network/blog/
Domains: https://publicreputation.network/ http://publicreputation.net http://public-reputation.com

White Paper: Under Review

Roadmap: Under Review

SOCIAL MEDIA:

https://www.facebook.com/PublicReputationNetwork/
https://twitter.com/pubrepnet
https://www.linkedin.com/company-beta/17982684/

PUBLIC REPUTATION NETWORK is now initiating the integration with the Blockchain. This process involves the transformation of the platform into a decentralized organization with its internal digital asset PRN Token - 12 Million PRN Tokens are expected to be created for global communities, investors, early adopter, and founders. PRN Token is the essential element of the incentive program and the platform as a whole, in which the active members earn or lose % of the PRN Token at the end of every day/cycle.

PRN Token grants its holders the ability to earn incentives for correct predictions of the actual reputations of public entities. Anyone holding PRN Token will have the ability to vote, create and hold unique PR Cards that represent and measure the public trust towards the entity the card represents. PRN Token holders can collect PR Cards, buy them or sell them to others like unique digital assets. Holding PR CARDS will generate rewards for their holders as they will be entities to additional % from the card's losers pool.

Token Distribution:
PRN Token will be Airdropped and 50% will be offered in ICO's.

PR.NETWORK is still in BETA version - with no Token Attached to it yet. There are Voting Points instead, which are limited in a weekly cycle.
Every PR Card created in BETA will belong to the PR card's creator after integration with the Block Chain is completed.
Every vote cast will count in the Airdrop allocation. Use it and take the advantage as the early adopter. (Note: The number of PR Points and PR Cards is limited in a week to limit the abuse and give equal chances to everybody)

We raise funds from private investors to envision the integration of PRN with the Block Chain and the initiation of the 1st ICO Release as soon as possible. Our target is to raise 200 ETH but we don't ask you for help. If you are interested in the project don't hesitate to PM us. We look forward to connecting with devs, potential partners, supporters or interested co-founders.

To participate in the Airdrop simply join the PRN Movement:

- Create an account at the Public Reputation Network:

1) Visit: https://pr.network/register/
2) Click on: Login Facebook, Login Google, Login Linkedin or Login Twitter to become a verified member.
3) If you don't use social media fill in the registration form and verify the email address to become an unverified member.
4) Cast at least 1 Balanced Binary Vote (+1 vote/-1 vote)

- Increase your PRN allocation ratio:

1) Become a Premium Member
2) Vote regularly on PR Cards
3) Create PR Cards

- To maximise your future incentives.

1) Create as many PR Cards of trendy entities as you can.

Stay tuned for more info and don't hesitate to ask questions if you have any ideas or concerns.

Sincerely I'm yet understand the concept of the project. Could you pls make the whitepaper ready on time?

[2fresh]

Even more things in store than expected.  
These features look great, excited for more developments.

[PRNETWORK]

Sincerely I'm yet understand the concept of the project. Could you pls make the whitepaper ready on time?

Actually, a big portion of the Paper has been already released. Please go through the paper-lite released last Friday.

[PRNETWORK]

Even more things in store than expected.  
Most of the mentioned features look great, excited for more developments.

If only most of them, then which ones don't?

Please let us know. We can still change some of the plans if the majority doesn't like the direction.

[2fresh]

Poor choice of words I guess, was reading it on mobile and thought I might have missed some bits and pieces.
I didn't really mean to imply there was anything I didn't like.

On the contrary actually, the project is quite impressive, features like the card tokens and internal exchange have surpassed my expectations.

[skadoosh1]

this is one of the projects i actually like. Im an early adopter who signed up a long time ago and its just fun to make these cards and vote. You know a project is good when you want to come back and vote and participate. Ill be keeping my airdropped tokens for a while.

[2fresh]

The ico going to take quite a long time though. I get the idea behind a slower distribution,
but I don't know if the longer duration is going to be that beneficial.

[freo]

Yes, in crypto terms it is a very long time.  Not sure what the reasoning behind that is?

[PRNETWORK]

Yes, in crypto terms it is a very long time.  Not sure what the reasoning behind that is?

We do things differently than the majority of ICOs.

ICO is spread over the period of 12 months to support the harmonic distribution of PRICO Token. Information is spread with a speed of light, but it never reaches diverse communities at the same time. Over the period of 12 months, we will have a chance to reach out many among global communities.

Our priority is the compliance. In most of the cases, ICO is used to finance the development of a solution, but we already have a solution. Our ICO funds will be used to support the expansion and mainstream adoption. We’ve already built our BETA solution with no ICO fundraising. In 2-3 months we may complete the entire solution. If we manage to do so, our coins cannot be considered as “Securities” and can be sold in every country with no restrictions. From the legal standpoint of view PR+ and PR- will be “Utility” Assets. So really great opportunity for everyone to keep valuable assets that comply with all the regulations!

[jijikill]

This is abit complicated for me to be honest as english is not my mother tongue , what is the milestone dev is looking to achieve?

[PRNETWORK]

This is abit complicated for me to be honest as english is not my mother tongue , what is the milestone dev is looking to achieve?

In other words. Based on what we've learned from legal ICO experts in California, from a regulatory perspective, with all the cool stuff that we already have, it's better for us to do the ICO after the platform is fully functional (added exchange, predictions and token factory) We aren't far from the final so now we try to get stuff done, at least to have the majority of functions.

[jznsamuel]

This is abit complicated for me to be honest as english is not my mother tongue , what is the milestone dev is looking to achieve?

In other words. Based on what we've learned from legal ICO experts in California, from a regulatory perspective, with all the cool stuff that we already have, it's better for us to do the ICO after the platform is fully functional (added exchange, predictions and token factory) We aren't far from the final so now we try to get stuff done, at least to have the majority of functions.

closely following all the updates, and pretty excited with the concept and the plan you have laid out.
any reason why the token won't be listed on exchanges?