Decentralized Contents Reward System: Follow Extension

[scalated]

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

Website : http://followextension.com/
Slack : https://followextension.slack.com
Tweet : https://twitter.com/FollowExtension
Github : https://github.com/FollowExtension
White Paper(EN): http://followextension.com/Follow_Extension_White_Paper_English.pdf

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

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.

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[polarstar00]

[krisnajsadrak]

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

[sky9314]

Where is the drop link, where the bounty links are, these plans are not ready to post is really too impatient!

[scalated]

Removed the previous post for more information.
We are going to continuously add details here

[puku2001]

looks very interesting project. Community driven projects always win.

[Mallampue]

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]

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]

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]

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]

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]

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

[akp_star]

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?

[scalated]

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

https://github.com/FollowExtension/contract

[octobersun]

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

[scalated]

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”

[scalated]

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.

[Elkain]

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

[akp_star]

Core dev worked at Microsoft HQ?   Seriously?

[scalated]

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