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Author Topic: [ANN] ⭐️⭐️⭐️ LIKES Token - Creating Rival Social Networks ⭐️⭐️⭐️  (Read 99 times)
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ArchSaint
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August 11, 2019, 11:53:19 AM
Last edit: August 15, 2019, 01:50:02 AM by ArchSaint
 #1

Whitepaper and Roadmap for ArchSaint

Website: https://archsaint.com/

TOKEN: ArchSaint (ERC223)
Symbol: LIKES
Total: 360,000,000
Etherscan:
https://etherscan.io/token/0x408bdb01159c2cc0bf1767553ef960f78b737e92



Content
  • Why Rival Social Networks?
  • _1.1. The 2 Manifestos
  • The 6 Social Networks we will Rival
  • The Community Hub
  • Revenue Generation
  • Shareholders
  • Founders
  • The LIKES Equity Token
  • Conclusion - Summary

1. Why Rival Social Networks
Our Goal is not to change the way things are done, but more along the lines of removing the expense of CEO's, VP's and other high expense personnel and put those salaries to better use.

In the place of CEO's and other expensive personnel, will be the Community who will put in place, Managers for each platform that will have a specified time to make the Platforms better and increase the revenue, or else they can be Voted out of the position at the next Vote.

Another avenue we want to tackle are the Primary Shareholders and investors that all the Current Platforms need to always appease, even if it means sacrificing things on the users end, such as selling personal details, changing privacy policies and terms of service to make the user into an Asset, rather than an individual.

Instead, All Shareholders will be the ones holding the LIKES Equity Token with equal voting rights, regardless of how much LIKES Token they hold.
Voting will cost some LIKES Token.

1.1. The 2 Manifestos
ArchSaint will have 2 Main Manifestos that will constantly be edited and improved and they will be the founding principles that each Platform we build, will adhere to as part of ArchSaints founding Constitution.

The 2 Manifestos will be:

Freedom of Speech
Personal Responsibility

2. The 6 Social Networks we will Rival
ArchSaint will be building 6 major Rivals to 6 of the Current Social Network Platforms and they are:

Twitter
Facebook
Google Search
YouTube
Twitch
Patreon

They will each have their own Platform Manager that has been voted in by the Shareholder Community, via the Community Hub, which everyone has access to.

Each of the 6 Platforms will also be allotted 50 Million Equity Tokens to use as initial capital.

The Social Network Platforms we will build will be as close to identical to the Platforms we wish to Rival.

Advertising and Content Curator Profits
Advertising will be as it is with any other current Platform, where Advertisers purchase spots on Content Curators content.

Advertisers can only purchase Advertising with LIKES Token, so they will need to visit Exchanges and purchase Tokens from the Community.

Content Curators then get a portion of the Advertising funds based on certain Algorithms, but they will be bigger portions than what they currently get and we do this to bring Content Curators over to our Platforms.

Content Curators will get paid in FIAT Currency, so the Platforms will need to Sell the LIKES Token back on Exchanges

Rewarding the Viewer
This has never made much sense to us, since the viewer is getting content on demand on many varied subjects.

So no, there will be no financial rewards for viewing content in the foreseeable future.

Demonetization is an abomination to everything that is fair in this world and will not be tolerated, since it is the Advertisers that choose the content that they wish to advertise in.

There will be levels of Adult Content that a Content Creator can put their content in and if they abuse the freedom, then the community will decide their fate, via the Community Hub and will be subject to a day/week/month or longer account blockage, to ponder their abusive ways and hopefully make amends and do things more community focused.

Free Speech
Even though there will be a strict adherence to Free Speech, there will be a point that it becomes vulgar, albeit, still being Free Speech and even though vulgarity depends on perspective, it will not be allowed during the Platforms inception, and then the Community can and should discuss how to work with that issue.

3. The Community Hub
Don't like the Manager, then Vote them Out - Incentivize Management
The Community Hub is a Platform that the Community can visit to get an overview of the performance and issues for a particular Platform.

The Community Hub will also be responsible for R & D for new projects, such as Plugins and Extensions that can be used with 3rd party services to enhance the usability and productivity for users within the Platforms, and of course, creating further Social Network Platforms.

The Community Hub will also allow for the discussion of features and also let the Community make suggestions and improvements on the platforms, which the Managers can use to improve the Platforms they manage.

The Community Hub will also conduct polls, articles and most importantly, will be used as the vessel that the Community will vote in Current Managers or if they Community deem fit, will vote in a New Manager.

There is no maximum amount of times a Manager can be voted in.

There will also be a vote required by the Community to elect a Manager for the Community Hub.

Voting for Platform Managers is carried out every 5th of November, starting from the timezone of Christmas Island/Kiribati
Submissions to be a Platform Manager, must be submitted 90 Days prior to November the 5th and after 7 Days, the contenders will be publicly announced and the contenders can then start campaigning.
Results of the Voting will be available at the end of November the 5th from the timezone of Baker Island and Howland Island

4. Revenue Generation
Generating Revenue needs to follow the way the Current Social Networks are making profits and that is by advertising.

We wont be asking users who view content to pay Content Creators some funds as a form of appreciation for the splendid work they have done and instead, viewers can either Subscribe/Follow or Like a Content Creator

Advertising lets business promote the goods or services and advertising also lets users make purchases on products or services and also helps users find bargains amongst the advertisements

The only difference to the Advertising Requirement (financially), is that Advertisers will need to acquire the "LIKES" Token and use that as a form of payment for advertising.

As Advertisers need to use the Token to make purchases, then that will assist the Token in gaining some momentum on Exchanges and also raising the Value of the Token.

By Raising the Value of the Token, the Community can then profit from the increases in value, just like any other shareholder in a company.

5. Shareholders
Shareholders are the Community that hold some LIKES (Equity Token)

As a Shareholder, you are entitled to a SINGLE VOTE per subject, regardless of how many LIKES you have in your possession.

The LIKES Equity Token comprises 100% Ownership of the entire ArchSaint Network and all the Platforms it builds along with any and all work carried out by the ArchSaint Network

Ownership of ArchSaint is by means of the LIKES Equity Token and is per Holder of the Token and not be quantity of Tokens held, making every shareholder have equal status.

The Value of the Shares (LIKES Equity Token) is via the Exchange Rates offered by 3rd Party Exchanges

6. Founders
The ONLY WAY this system will work as a Community Owned and Managed Network, is if the Founders are prepared to step aside and relinquish everything pertaining to ArchSaint at a given time.
This is the price the Founders will pay to achieve the intended goal of the Projects.

The Founders will concentrate on setting up a rudimentary Community Hub, that will hold the first Election of a New Manager for the Community Hub and will also signal the end of the roles of the Founders.

2 Keys will always be used by the Managers of the Platforms to perform any "SEND" of Tokens and one key will be held by a Founder, till specified differently by a vote from the Community.

7. The LIKES Equity Token
The LIKES Equity Token is ERC233
ArchSaint runs on the LIKES Equity Token, as a voting tool, a trading token and as Equal Shares to its holders, regardless of the quantity an individual holder has in their possession.

The Likes Equity Token is initially divided like so:

Rival Twitter - 50,000,000 LIKES
Rival Facebook - 50,000,000 LIKES
Rival Google Search - 50,000,000 LIKES
Rival Youtube - 50,000,000 LIKES
Rival Twitch - 50,000,000 LIKES
Rival Patreon - 50,000,000 LIKES
The Community Hub - 50,000,000 LIKES

5,000,000 is used to Seed Fund for the preparation of the Community Hub
5,000,000 Reserved for the Founders who will have a very short role to play and will be very proud to see it in the hands of the Community
Total LIKES - 360,000,000

Why call it LIKES?
The Social Landscape is all about popularity, based on how many followers or likes you have, so the obvious name for a Token, would be LIKES, that can now have a Financial attachment, and not just the Popularity attachment, which can be incorporated in some of the Social Platforms, much like BITS are used on TWITCH

In some of the Platforms to be built, the Managers have the option to incorporate the LIKES Token to perform just the same as a Like or Thumbs Up, but with a financial reward attached to it.

-----------------------------------------------------

Each Platform Manager is responsible for their allotted LIKES Token, with the aim of increasing its usage and value on all 3rd Party Exchanges.

Wallets holding the LIKES Token by Platforms will always require 2 keys to make a send, making sure that Platform Managers do not make mistakes and also to ensure that the wallets are not abused or compromised.

-----------------------------------------------------

Initial Sales of the LIKES Equity Token is done at this website https://archsaint.com on the Shop Page and will work as follows:

Only 5,000,000 will be sold - via popular Cryptocurrencies on the Shop Page (No Purchasing with Fiat Currency)

500,000 LIKES will be sold at $0.01 (Sales start August 16th 2019)
500,000 LIKES will be sold at $0.015 (Sales start when Stage 1 in Roadmap is complete)
1,000,000 LIKES will be sold at $0.02(Sales start when Stage 2 in Roadmap is complete)
3,000,000 LIKES will be sold at $0.025 (Sales start when Stage 3 in Roadmap is complete)
The remainder of the LIKES (except those reserved for the Founders) will be sold at unspecified times via 3rd Party Exchanges when funding is required by instructions of a Platforms Manager.

Platforms will sell LIKES on 3rd Party Exchanges and the amount of Tokens sold and the date's they will be sold, will be announced on the Community Hub and will be sold at the going exchange rate.
Tokens sold will be trickled in, to avoid spikes and make sure other sellers are not to adversely affected.

Advertising
Advertising will be offered at the launch of any platform and Advertisers can purchase LIKES from 3rd Party Exchanges for the purpose of paying for their Advertising.

This will ensure a steady and fair trade of LIKES Token both in Buy and Sell Orders, thereby adding monetary value for the shareholders

Trading - Exchanges
The LIKES Token is what Advertisers will use as the currency to purchase advertising spots on any of the Social Platforms that are created and  that will created a steady and large flow of Buys and Sells on Exchanges.

The Platforms will sell back LIKES via Exchanges to pay for salaries utilities and so on, making the LIKES Token a valued asset as it will always be in demand from the Buying and Selling community.

Whitepaper - https://archsaint.com/whitepaper/
Roadmap - https://archsaint.com/roadmap/
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August 11, 2019, 12:07:13 PM
Last edit: August 15, 2019, 01:56:08 AM by ArchSaint
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Reserved for Updates

Edits have been made to the Whitepaper
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August 11, 2019, 06:33:55 PM
 #3

Everything that is built by ArchSaint, shall be open source so others can either emulate what we are doing or can build tools to improve the performances and useability of what we have built...

Whitepaper: https://archsaint.com/whitepaper
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August 12, 2019, 11:34:11 AM
 #4

5 Days Until we Release the first batch of LIKES Token

August 16th Batch 1 Goes on sale.

Quantity: 500,000 LIKES Tokens
Price: $0.01
Total USD Value: $5,000

Link: https://archsaint.com/shop/

All Major Cryptos Accepted
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August 12, 2019, 05:36:35 PM
 #5

We are doing things different, not in the way we do business, but instead how we will mimic traditional Social Networks, without being to “Crypto” about things and refraining from too much use of “Decentralization Speak”

In fact, we will be building all the Rival Social Networks as close as possible to the current crop of Social Networks, but with the main difference being that the Community are the CEO’s and the Majority Shareholders.

We will also be using the LIKES Token to work as the internal currency within the Rival Social Networks, meaning that advertisers need to purchase LIKES Token from exchanges, instantly making it a valuable asset thats in demand.

Partnering with Other Blockchain Platforms
As we are not afraid of cryptocurrency and in fact do recognize that it has some amazing value and uses, we will partner with Blockchain Platforms that provide a variety of Services, from Freight, to Real-Estate, to Insurance and every other Platforms that will add value to the Community

As our GOAL is to first demolish every existing Blockchain Powered Social Network, then we go for the big boys and start eating away at their user base, by providing better services, less restrictions, privacy policies and terms of service, built by the community and of course, having the LIKES Token as the Equity in the Company, making all holders of LIKES, some of the happiest people with a Token that grows the bigger the community gets!

Partners will be coming along for the ride and in the process, will be making profits for their teams and users, making a partnership with ArchSaint, not only productive, but financially rewarding as well.

https://archsaint.com/archsaint-partnering-with-other-blockchain-platforms/
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August 12, 2019, 06:29:33 PM
 #6

I didn't read your entire OP, I got bored three times I tried to read them thoroughly, and it's kind of a surprising business presentation from an entity that propose to run on social media that'll rival facebook, twitter, youtube, etc where presentation took a huge point.

But tell me more about this... manager, or boss or CEO, you mean to say that each entity chosen has 1 year to prove their work and the stakeholders (literally anyone holding your token) can vote if the appointed human should continue their works or get fired?

My account is still active and owned by me, my sudden inactivity and messed up posts are due to the fuckin thesis I'm currently write. They're sucking my time... and my life like fuck
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