It seems to me that developers need to rush to the introduction of payment functions in their platform. As far as I know, Facebook is planning to introduce its own cryptocurrency in the near future. And then it will not be an innovation.
Corld will build the future of social networking with a unique sharing economy model based on tokenization as well.
Unlike established social networks which are beneficial only for the few who use personal data of many as commodities, Corld will share its economic value with its users via Cedium, which is Corld’s medium of exchange and the sole accounting unit of Corld platform.
How is the project administration going to support the price policy of the token, what is the action plan?
The core of this model is Cedium, Corld’s medium of exchange. As an ERC20 token, Cedium serves as the sole accounting unit of Corld, for all economic transactions made within the platform. Both individuals and businesses will be able to use Cedium. Users can use Cedium to donate, view the premium content of users or simply making economic transactions.
Corld’s revenue model will be based on three main items and their breakdowns: advertisement revenues, brand partnership revenues and premium revenues.
Corld will share a significant amount of its advertisement revenues directly with ad viewing users. Corld users will also be able to spend Cediums in the platform to view the Premium content of other users.
Corld users will be able to obtain Cediums via Cedium Rewards Pool. 15% of total Cedium supply will be allocated to the Cedium Rewards Pool. One third of the Rewards Pool will be distributed to initial users and will continue to be distributed the maximum equivalent of one third of the remainder per annum.
