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Author Topic: Decentralized Contents Reward System: Follow Extension  (Read 673 times)
scalated
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October 16, 2017, 02:17:47 AM
Last edit: October 19, 2017, 03:11:12 AM by scalated
 #1

Decentralized Contents Reward System: Follow Extension

Introduction

Follow Extension is an extension that helps service applications to apply a decentralized reward system
using blockchain technology. By applying Follow Extension to each service application, content providers and
consumers can trade content at an affordable price away from paying excessive commission fees on existing
distribution structures. Not only that by applying Follow Extension to social media platforms that originally do
not give any reward, a new market can come together where content providers are motivated to
create and provide valuable, high quality content.

Attractions
1. Open source and run by community
2. Already working product
3. Consumptive demand for the token
4. Small cap
5. Widely Applicable on contents market

Token Distribution
Hardcap: 2mil $

Presale price: 1 Follow Extension Token = 0.4$
Official retail price: 1 Follow Extension Token = minimum 1$

Max supply: 10,000,000
50%: Presale distribution. Unsold quantity wont be minted. (it's like unsold tokens are burned)
30%: Official sales at retail price
20%: Core team

Presale date will be announced soon.


Core team
Core team members has worked at Microsoft HQ, successful IT startups, a law firm, and a broadcasting station.

Notes
We are hiring! Also running a bounty program for translating, marketing, and open source development.
If you are interested, let us know. We will give you more details.

Links


=================

ANNOUNCEMENT:

Token sales will be on the first week of November

Anyone can receive tokens without participating the pre-sale.
We prefer people to receive their tokens via contribution.

Pre-sale is just designed for only people who are interested in this project and think it has a bright future but do not have a time to contribute on it.
1606376937
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Reply with quote  #2

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October 16, 2017, 02:19:47 AM
 #2




krisnajsadrak
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October 16, 2017, 02:25:43 AM
 #3

this new thread, and you created another thread in just few minutes ?  Shocked
https://bitcointalk.org/index.php?topic=2274783.msg23066190#msg23066190

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sky9314
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October 16, 2017, 02:26:49 AM
 #4

Where is the drop link, where the bounty links are, these plans are not ready to post is really too impatient!
scalated
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October 16, 2017, 02:28:53 AM
 #5

Removed the previous post for more information.
We are going to continuously add details here Smiley
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October 16, 2017, 03:01:23 AM
 #6

looks very interesting project. Community driven projects always win.
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October 16, 2017, 03:25:15 AM
 #7

double thread here? https://bitcointalk.org/index.php?topic=2274783.0
its better to lock that. so that no one confused. thanks in advance.
malbarussa
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October 16, 2017, 03:34:40 AM
 #8

I guess this project is basically similar to what Steemit tried. But it's going to solve problems steemit has. good job.
I saw the road map but just want to make sure that it will be possible to make profits from making contents since 2Q, right? or 1Q?
scalated
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October 16, 2017, 04:57:40 AM
Last edit: October 16, 2017, 06:08:01 AM by scalated
 #9

double thread here? https://bitcointalk.org/index.php?topic=2274783.0
its better to lock that. so that no one confused. thanks in advance.

Thanks! just locked the previous thread.


I guess this project is basically similar to what Steemit tried. But it's going to solve problems steemit has. good job.
I saw the road map but just want to make sure that it will be possible to make profits from making contents since 2Q, right? or 1Q?


right, it's going to solve other contents rewarding systems like steemit because cheatings wont exist.
Yes. It's going to be 2Q
octobersun
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October 16, 2017, 06:45:49 AM
 #10

Looks good. I liked motivations of this project and the team looks honest. I have a few questions to ask you about this project and participation. Is there any AMA session?
scalated
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October 16, 2017, 07:43:44 AM
 #11

Looks good. I liked motivations of this project and the team looks honest. I have a few questions to ask you about this project and participation. Is there any AMA session?

You can always send me a dm on Slack and talk about project participation. Any participants are welcomed and going to be rewarded. For AMA session, we are going to open a session before pre-sale period, which is within a month.
Didin
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October 16, 2017, 07:55:25 AM
 #12

50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

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October 16, 2017, 09:36:56 AM
 #13

50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

That is all in smart contract I presume?

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scalated
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October 16, 2017, 09:52:10 AM
 #14

50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

Great question. Proving and transparency are important in blockchain projects, especially for token and crowdsale contracts.

Technically, unsold tokens are not going to be burned. Instead, tokens are only minted when crowdsale contract recieves some amount of ETH received. Since we are running a presale contact using "CappedCrowdsale code" (we set 5,000,000 tokens for presale), it is guaranteed that amount of minted tokens will be between 0 ~ 5,000,000. If this project raises half amount of the goal, then it's going to mint only 2,500,000 tokens. The unsold tokens are technically "burned" in the sense that they never existed at all.

Some people have hard to time understand this logic and that's why other people usually just call this method "burning". There are some team mint all tokens first and then really burn unsold tokens later, but it's doing same thing with more works and waste of gas.

Anyone can check the contract codes on here. Let me know if you are not familiar with solidity programming and want to know more detail. I can help Smiley

https://github.com/FollowExtension/contract



octobersun
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October 16, 2017, 10:46:22 AM
 #15

Do I need to fill out a whitelist form? If so please let us know
scalated
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October 16, 2017, 11:38:16 AM
 #16

50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

That is all in smart contract I presume?

Yes. You are right. Smart contact guarantees and forces everything works as planned. Thats why it is named “contract” Smiley
scalated
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October 16, 2017, 01:02:59 PM
 #17

Do I need to fill out a whitelist form? If so please let us know

Not yet, but it is possible to make a whitelist if many people are willing to participate the presale.
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October 16, 2017, 01:43:32 PM
 #18

Wow, This project is interesting.
I wonder how the token sales plan goes.
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October 16, 2017, 06:42:16 PM
 #19

Core dev worked at Microsoft HQ?   Shocked Huh Seriously?

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scalated
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October 17, 2017, 01:26:02 AM
 #20

Wow, This project is interesting.
I wonder how the token sales plan goes.

It's going to be announced soon. Presale will be within a month
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