LikeCoin
Working as a designer, fan artist, writer or other content creation job in this age is not easy. Content creators often upload their work to social media to gain recognition. Unfortunately, it rarely results in real money. Yes, they will get some likes on social media but likes will not pay the bill. To solve this problem and give more opportunity to make profit for creative content creators, LikeCoin is developed.
However, there are some flaws about this model. Firstly, it detaches the profit from the art itself since the artists are gaining money from the ads, not their creations. Furthermore, the cost of advertisement itself is far from cheap. As a result, content creators are not able to get maximum profit from their skill. This is exactly what LikeCoin wants to change. By reinventing the like, artists can earn money directly from their arts. This way, content creators can focus on their arts instead of figuring out the most lucrative ways to make money.
When a user sees a content they really like, they can tap the like button up to five times in one post. The likes gathered from the users’ appreciation will be used by content creators to mine LikeCoins from the Creators Pool. Beside tapping the Like button, users also can click Super Like. When users tap the Super Like button, they basically “pay” the content creators with tokens from their wallet.
It also comes with a system called Proof of Creativity which is used to measure how “creative” a content creator is. Higher Proof of Creativity can be achieved in two ways. Firstly, by measuring the LikeRank of the content and secondly by measuring the amount of Likes a content receives.