[ANN] PRESSCOIN ICO: cryptocurrency to stimulate independent news & journalism

[WBVC]

PressCoin is a new crypto-infrastructure that fundamentally redesigns how to create, design, fund, market, and deliver news and journalism.

HOME: https://www.presscoin.com
TEAM: https://www.presscoin.com/who/
WHITEPAPER: https://www.presscoin.com/whitepaper/
 
ICO opens: 12.11.2017
The ICO will run for a total of 28 days.

PRE-ICO opens 11/22.
Learn more: https://ico.presscoin.com

A coalition of news organizations and journalists in various parts of the world have banded together to create a cryptocurrency to sustain funding for investigative journalism. Called PressCoin, the digital currency was made to get rid of the advertising revenue model, decentralize funding sources, and upend corporate media monopolies with collaborative content that strengthens civic participation around the world
 
The traditional media industry represents one symptom of the logic of extraction. Representing a heavily concentrated network of interlocking companies, tied to powerful business, defense, technology, fossil fuel, and other interests, the journalism produced by this industry did not necessarily represent ‘quality journalism’.

Numerous studies show that firstly, this system often produces narratives amenable to those business, defense, technology, fossil fuel and other interests; and secondly, the quality of reporting on major issues – such as financial crisis, climate change, and global poverty – has consistently been inaccurate and misleading. Worse, on foreign policy and national security, mass media journalism has often parroted propaganda in service to overlapping state and corporate interests. In other words, the traditional media has often been a major institutional promulgator of Fake News.

*Media Coverage*
VentureBeat: https://venturebeat.com/2017/11/16/presscoin-is-a-cryptocurrency-for-investigative-journalists-and-their-readers/
RT: https://www.rt.com/business/410318-presscoin-cryptocurrency-investigative-fake-news/
NY Times: coming soon
WSJ: coming soon
Insurge @Medium: https://medium.com/insurge-intelligence/we-are-using-the-blockchain-to-give-the-media-back-to-the-people-join-us-9a8f2953f589

*Official Social Media Handes*
TWITTER: https://twitter.com/realpresscoin
INSTAGRAM: https://www.instagram.com/presscoin_news/
FACEBOOK: https://www.facebook.com/PressCoin-830394353804009/
LINKEDIN: https://www.linkedin.com/company/presscoin/

*Token Details*
A total of 100,000,000 NEWS tokens will be issued, for a total of 100m USD.
Each token is valued at $1.
This represents 40% of PressCoin GmbH.
This puts the projected total post-ICO valuation of PressCoin at 250m USD.
NEWS tokens are ‘equity’ tokens, meaning they represent an actual share of the PressCoin company.
Token holders have the right to object to the board, and PressCoin GmbH will eventually be transitioned into PressCoin PLC

*Roadmap*

Q4 2017:
• Finalize new design for INSURGE Intelligence
• Complete Metype development and launch beta
• Finalize design of core features for Next Election
• PressCoin launch

1H 2018:
• Develop and release the first version of the next generation INSURGE platform
• Optimize and take Metype out of beta
• Develop and release the first version of Next Election

2H 2018:
• Integrate PressCoin and CoinType for marketplace purchases and fund donation into INSURGE and Next Election
• Add video to first Next Election feature upgrades
• Complete Mojonomy system design integrated with PressCoin marketplace
• Conduct security audits and implement recommendations

1H 2019:
• Integrate crowdsourcing-based monetization features into Next Election
• Develop and release Mojonomy
• Integrate PressCoin and Karma point system to allow activity-based earning
• Develop advanced analytic and intelligence report features for all the platforms
• Move data to decentralized and encrypted storage

BEYOND:
• Launch Zolori platform
• Launch ChickenSoup platform
• Continuously add new features based on crowdsourced feedback from users and stakeholders
• Launch PressCoin Financial Services
• Launch PressCoin Ventures

[juragane]

any bounty campaign or airdrop sir ?

[epicfailman]

Any escrow for your ICO?

[illusionspeak]

Token holders have the right to object to the board, and PressCoin GmbH will eventually be transitioned into PressCoin PLC. Can you tell more about the rights to object?

[PressCoin_ICO]

ico.presscoin.com
PressCoin ICO is supported by CointypeX.com - and we are sending tokens within 24 hours of us receiving funds. No escrow is needed :-)

Any escrow for your ICO?

[PressCoin_ICO]

As we have chosen to self-regulate ourselves, we have filed all necessary paperwork in the UK to raise money from the public (similar to an IPO). Despite there being no regulatory bodies for ICOs, we are doing this because an ICO is also equal to raising funds from the public. For this, we have created a unique smart contract for HYBRID TOKENS, and PressCoin tokens are linked to an individual share of PressCoin, PLC. In this manner, they behave both as Equity Tokens, as well as Utility Tokens.

This means that each token represents not just the premium associated with the crypto trading world, but more importantly, it represents all the revenue generated by PressCoin, PLC.   

Further, as a shareholder, basic rights to annual report about the company operations, financials etc, will be provided. Further, in case shareholders wish to object to the way in which management is operating the company, they can do so via investor relations, as appropriate under UK Chamber of Commerce.

This makes PressCoin a uniquely different offering from all existing ICOs, and here all investors win, as having given the opportunity to not just trade these tokens on exchanges, but also to hold on to them as store of increasing value, similar to holding on to stock of other public companies. Everyone wins! Hope this helps...   

Token holders have the right to object to the board, and PressCoin GmbH will eventually be transitioned into PressCoin PLC. Can you tell more about the rights to object?

[PressCoin_ICO]

Slack channels have been created ... if you would like to support us, please join http://[Suspicious link removed]/presscoin-slack

[PressCoin_ICO]

Slack channels are here: PressCoin.com/slack

[prowellG]

Wow you have some big plans there i´m looking forward to it.

RT has just wrote an article about you its no surprise that they like your project:

https://www.rt.com/business/410318-presscoin-cryptocurrency-investigative-fake-news/

[SebastianJu]

WBVC, I think the idea is interesting however how will journalists be paid and how fake news fought? When the readers decide then I think it can't change anything. So what's the plan?
What's the advantage for an investor?

[SeveralQ]

Hi everyone! Just added PressCoin ICO to my website https://concourseq.io/Q/PressCoin. ConcourseQ is a collaborative due dilligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! (PS: Team welcome to add sale details)

[PressCoin_ICO]

In the end, what the world considers news is a common global conscious of "accepted" ideas and "consensus" thinking.

With open platforms as described in the PressCoin.com world, instead of taking a particular point of view, a new Euclidean Information Model is used, called Open Inquiry. Instead of having a "correct" point of view, it allows seekers to explore and navigate the complex set of connected issues that your world really is. This allows one to move from "right/wrong" to a more complete understand of the picture, as it is, without specific points-of-view. In this way, all issues that people think that are relevant will bubble up around related issues. This is done through a decentralized moderation system, that internally grants "karma points" for valuable contributions (again as determined by the decentralized interactions), and therefore allows respectful, moderated communities to be built up. Think along the lines of Quora, Wikipedia, Reddit, etc.

The way PressCoin is applying these models is by building end-to-end, seamless platforms for specific, much needed activities in the public sphere: investigative reporting (Insurge Intelligence), Elections monitoring and news (NextElection), solutions journalism (ChickenSoupNews), citizen reporting and mobile journalism (Mojonomy), and local news, local events, and local businesses (with Zolori). Further, the protocol is open, allowing others to "plug in" and expand the reach. Already, news organizations, NGOs, and journalists from around the world have started reaching out to PressCoin around this... 

Hope this is useful, in terms of how these platforms are being designed to run differently.

Further, as far as advantages for investors go, ico.PressCoin.com is the first ICO to offer a Unique Hybrid Token that is both an Equity-Token and also a Utility-Token. This means token holders are essentially shareholders in PressCoin, PLC, and their tokens will represent the revenues of the company, similar to a regular share of a public company. This allows for trading profits, as well as caters well for longer-term investors. 

WBVC, I think the idea is interesting however how will journalists be paid and how fake news fought? When the readers decide then I think it can't change anything. So what's the plan?
What's the advantage for an investor?

[PressCoin_ICO]

Thank you for your encouragement - the world just needs more open collaboration and harmony. Many news organizations are realizing that the divisive ratings game is not useful in the end, and leads to our present state of affairs. An open set of platforms will change how we interact with each other around these issues - and that creates a whole opportunity for the early investors. Luckily, there is enough value for everyone to participate in!

Onward!
ico.presscoin.com

Wow you have some big plans there i´m looking forward to it.

RT has just wrote an article about you its no surprise that they like your project:

https://www.rt.com/business/410318-presscoin-cryptocurrency-investigative-fake-news/

The word is definitely getting out - great to see fellow supporters of this important project

[SeveralQ]

Hi everyone! Just added PressCoin ICO to my website https://concourseq.io/Q/PressCoin. ConcourseQ is a collaborative due dilligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! (PS: Team welcome to add sale details)

Some additional context as your team does diligence: https://sputniknews.com/analysis/201711201059268149-presscoin-blockchain-fake-news/

'Let's say Facebook decides to put a news story in your newsfeed. By using the system that is based on the distributed ledger, Facebook and other social media can check the distributed ledger for the credibility of the source. Because of the availability and the immediacy of that ledger, the provider of the user feed will be able to judge whether a story is legitimate or not, at least based on the reputation of a source. Sources that spread fake news could be voted as such, and receive penalties in the distributed ledger. This negative reputation would be hard to suppress and cover-up, making everything more transparent.'

Cool, ill share this with my Qfellows.

[Edgar9]

Looking promising project. Will keep my eyes on this project. Any bounty available for Bitcointalker member ? I would like to join the bounty if available ...

[Bank4YOU_Group]

Who do you see as your customers? Journalists? People accepting news?

[PressCoin_ICO]

Yes, please email bounty@presscoin.com for details

Looking promising project. Will keep my eyes on this project. Any bounty available for Bitcointalker member ? I would like to join the bounty if available ...

[PressCoin_ICO]

Journalists and other producers, moderators, stringers, etc get paid by the platform, as a share of all revenue produced by their contributions. Even contributing news organizations can earn PressCoin.

On the other hand, news organizations for instance, can also function as customers.

For NextElection, some early newspapers are already in talks with using the platform as their elections monitoring portal during the various elections news cycles.

Another revenue stream is premium subscriptions on InsurgeIntelligence, a purpose-built investigative reporting platform that covers all the complex issues that govern our lives.

Mojonomy will not just allow citizen reporters to earn money, but will let news and other organizations pay for citizen-generated content from around the world.

The white paper identifies over 15 different revenue streams.

HTH!

Who do you see as your customers? Journalists? People accepting news?

[crypt -rider]

I found this statement interesting: "we have chosen to self-regulate ourselves, we have filed all necessary paperwork in the UK to raise money from the public (similar to an IPO). "

You mention you have filed all the necessary paperwork.

For me the important questions are:

(a) which bodies have you filed this paperwork with?
(b) has the relevant body responded to grant permission for you to raise money from the public in this way (i.e. to raise funds similar to an IPO)?

As we have chosen to self-regulate ourselves, we have filed all necessary paperwork in the UK to raise money from the public (similar to an IPO). Despite there being no regulatory bodies for ICOs, we are doing this because an ICO is also equal to raising funds from the public. For this, we have created a unique smart contract for HYBRID TOKENS, and PressCoin tokens are linked to an individual share of PressCoin, PLC. In this manner, they behave both as Equity Tokens, as well as Utility Tokens.

This means that each token represents not just the premium associated with the crypto trading world, but more importantly, it represents all the revenue generated by PressCoin, PLC.   

Further, as a shareholder, basic rights to annual report about the company operations, financials etc, will be provided. Further, in case shareholders wish to object to the way in which management is operating the company, they can do so via investor relations, as appropriate under UK Chamber of Commerce.

This makes PressCoin a uniquely different offering from all existing ICOs, and here all investors win, as having given the opportunity to not just trade these tokens on exchanges, but also to hold on to them as store of increasing value, similar to holding on to stock of other public companies. Everyone wins! Hope this helps...   

Token holders have the right to object to the board, and PressCoin GmbH will eventually be transitioned into PressCoin PLC. Can you tell more about the rights to object?

[PressCoin_ICO]

Yes, we have filed to raise public funds in the UK, and Chamber House has granted PressCoin registration as a PLC (public limited company). The details of the license number etc, are available on our FAQ https://www.presscoin.com/faq

HTH!

I found this statement interesting: "we have chosen to self-regulate ourselves, we have filed all necessary paperwork in the UK to raise money from the public (similar to an IPO). "

You mention you have filed all the necessary paperwork.

For me the important questions are:

(a) which bodies have you filed this paperwork with?
(b) has the relevant body responded to grant permission for you to raise money from the public in this way (i.e. to raise funds similar to an IPO)?

As we have chosen to self-regulate ourselves, we have filed all necessary paperwork in the UK to raise money from the public (similar to an IPO). Despite there being no regulatory bodies for ICOs, we are doing this because an ICO is also equal to raising funds from the public. For this, we have created a unique smart contract for HYBRID TOKENS, and PressCoin tokens are linked to an individual share of PressCoin, PLC. In this manner, they behave both as Equity Tokens, as well as Utility Tokens.

This means that each token represents not just the premium associated with the crypto trading world, but more importantly, it represents all the revenue generated by PressCoin, PLC.   

Further, as a shareholder, basic rights to annual report about the company operations, financials etc, will be provided. Further, in case shareholders wish to object to the way in which management is operating the company, they can do so via investor relations, as appropriate under UK Chamber of Commerce.

This makes PressCoin a uniquely different offering from all existing ICOs, and here all investors win, as having given the opportunity to not just trade these tokens on exchanges, but also to hold on to them as store of increasing value, similar to holding on to stock of other public companies. Everyone wins! Hope this helps...   

Token holders have the right to object to the board, and PressCoin GmbH will eventually be transitioned into PressCoin PLC. Can you tell more about the rights to object?