Questions Answered!
If you recall our “submit a question and win” bounty programme organised to celebrate our main net launch on twitter
https://twitter.com/self_sell/status/98358088625480089610 most popular questions have been picked out and answered by our founder Li Yuan and winners have been rewarded with 100 SSC each.
Find the questions and answers below:1.hhhhhb (Q): There are some similarities between Selfsell and MiaoA (TNB). Comparing to MiaoA, what are some special characteristics Selfsell possesses?
Li Yuan (A): “TNB and Selfsell are essentially different. Selfsell purposes Value yourself, value your future. Everyone has equal right to issue their tokens on Selfsell platform which represent their own value. This digital currency is a form of digitalization which integrates individual brand, individual credit, individual potential, individual income and other similar factors. The digital currency which represents personal value is the most significant assets in the future Blockchain domain, it has numerous application scenarios. For each different targeted individual, how to evaluate personal value, what are some application scenarios for digital currency, please refer to project White Book (omit detail here). Referring back to celebrity groups similar to TNB, Selfsell and TNB are fundamentally different. TNB digitalised very specific fan-and-star interaction scenarios for the sale of celebrity availability. Star coins can only be limited to scenarios which involve celebrities’ time costs.
Nevertheless, Selfsell’s SSC primarily focuses on the tokenization of each celebrity’s personal brand, not limited to celebrity endorsement. It’s the whole eco-system of their brand building and value creation, including interaction with their fans, sponsors, press, clubs, related products, etc. Selfsell star coins have the same lifecycle as their personal brands, or even go beyond their mortal life. Despite some similarities between Selfsell and TNB in certain user cases, mindful investors would observe huge differences in concepts”
2.Right hand is busy(Q): When using Achain to transfer, it is not as jammed as I do in Ethereum. Between this mainchain that just launched and Achain, how is the performance? What are the advantages? What would you do to expand the market?
Li Yuan (A): “Selfsell mainchain has made many innovations, every technical innovation has a close connection with Selfsell’s concept. Generally speaking, Achain targets more blockchain developers around the world, providing various tools and solutions for humans to integrate seamlessly into blockchain. This includes solutions to issue digital assets, a distributive application built on smart contracts to satisfy human needs, and forking or merging. However, handy as it is, it remains for blockchain developers, so it has certain technical barriers.
Since Selfsell is created for the public, the development team would consider reducing the threshold of the design on Selfsell website to an extent you cannot even feel it exists. For example, transferring on Achain is already fast, comparing to Wechat and Alipay, there is still 10 seconds confirmation time gap in blocks, Selfsell would lower the confirmation time to 6 seconds. Achain considers issuing assets in hundreds or thousands range. However, on the first day of Selfsell launching its mainchain, it had millions to billions of different assets designs, anyone has the right to issue their digital assets which represent their own value. Furthermore, all the assets on Selfsell mainchain are equal, no difference between transferring speed and contract support. In addition, the use of smart contract of Achain emphasises Turing-complete and SandBox. Selfsell’s contract has specific application scenarios, it has Turing-complete but more importantly without coding. This promotes smart contracts to automatically distribute personal income on time, save personal credit, trace back personal values, etc — -making it more accessible for users. Selfsell mainchain upholds the concept to serve all, no doubt Selfsell’s business will complement each other along the way.”
3.sailor (Q): Hi, Project Team! I’d like to know what would the profit model be for Selfsell. What is the plan? Would you switch to job market in the future? As far as I am concerned, the job market has some potential to expoit.
Li Yuan (A): “In fact, Our white paper is subdivided into different profit models according to different business scenarios. Omit details here, generally speaking in a macro picture, users need to pay for values that Selfsell mainchain provides. For example, issuing personal digital currency, person digital currency trade, personal digital currency application scenarios on Selfsell mainchain. Users who make the payment could play a role as a person who issued the digital currency, investors, traders, or participants in the application scenarios (e.g: advertisers, press, offline entities, etc). Selfsell would not become a job a market, but certainly, it has a connection with employment, such as the framework for talent evaluation, (personal development …), job market and businesses or start-ups all have relationships with Selfsell.”
4.CJW (Q): I’d like to know what market segments Selfsell will target at. Are you mainly focusing on top individuals? Would celebrities post on App?
Li Yuan (A): “Market scope has multiple emphasis on the development of Selfsell at different stages. In general, celebrities will post on Selfsell App first.”
5.Li (Q): How would you approach personal credit reporting? I feel like it is quite difficult.
Li Yuan (A): “Personal credit system has different forms in terms of location, time and population. During the process of Selfsell development, we examined the credit environment and its feasibility in Europe, particularly in UK, Switzerland, France, Germany, Northern Europe, American, etc. Work is not easy, even if it was, we would like to do better than our competitors. Selfsell team must overcome difficulties in respect of credit system. However, there are precedents of personal credit system based on blockchain already, Selfsell would continually refine the credit system model and become a formidable competitor in the system of risk control.”
6.dengju (Q): First of all, what does issuing capitals mean? Does it mean my assets in reality (including but not limited to housing, cars, followers or something else)? Secondly, or does it mean to issue my own Tokens on the mainchain? Thirdly, if it is, how to ensure the value of my Tokens matches my real assets? If I issued my capitals because I had many followers, so they could trade, is it scam in some way?
Li Yuan (A): “Value yourself, Value your future. Selfsell allows individuals to issue digital currency which represents their personal value instead of personal real asset value. Personal Token or personal value have various application scenarios for different groups of people. Stars have strong focus on their brands by trading followers’ token in exchange for interaction with stars. Followers are able to enjoy more direct and transparent exchanges with their stars, stars can also promote their brand, it is a reflection of value. As for talents, more tokens issued means higher possibility for future income rights. It is reliable and continuous benefits for investors.”
7.@natakin4real (Q): Is there any plan if not immediate but in the nearest future to integrate areas with immense poverty and little or no access to technology such as some parts of Africa to take advantage of what
SelfSell offers as talents here could be synonymous to diamond in the rough?
Li Yuan(A): “Certainly, these directions embody Selfsell concepts to help talented young people, those who are willing to undergo transformation. Everyone should have equal rights. Supporters not only care about the economic returns talents bring but the gratification of helping others and see them succeed. Therefore, caring community is a major part of Selfsell platform. This is a vase project, Selfsell will not be focusing on education at the moment, but I can ensure you that Selfsell will insist on our original discipline to the end.”
8.@EsternityLi (Q): The core of Selfsell is investing in people, how would you assess a person’s potential and is there any platform or support for them to exploit their talent and express themselves in different fields? Also, how can investors track their performance? Look forward your elaboration.
Li Yuan (A): “Regardless of the existence of Selfsell, we have seen different types of approaches to assess a person’s potential. For example, an outstanding scout can explore a young player’s talent; mentors in universities might know possible future accomplishments of a student, or even audience of Kickstart could assess the potential of an artist. Selfsell is developing a system — — more standardised, more streamlined. It largely depends on data and our model, promoting transparency and fairness through blockchain technology. We believe this artificial intelligence assessment model based on blockchain would be very competitive, thanks to the contribution from every Selfsell team member. As for how to track issuer’s performance, there are two aspects to consider: first of all, Selfsell has established a communication platform and social contexts for both parties. Through disclosing more information not involving privacy and application tokens would bring up-to-date information to investors and supporters. Secondly, Selfsell has its own trading platform for digital currency, the market has played a significant role. Any form of behaviour which assists personal development strengthens personal credit and brand value would be crucial to personal tokens.”
9.@TaoYUAN14 (Q): What you guys are doing is not based on new concept, it exists for long time in human society. What are greatest strength when you guys pack these old concepts into new blockchain ?
Li Yuan (A): “This is exactly the magic of Selfsell, integrating Human capital theory, Income Share Agreement (ISA), Crowdfunding、Token Economy and other fields to create a brand new era. Just like blockchain technology which integrates existing technologies such as P2P communication, cryptography, distributed ledger, and game theory to bring a revolution. Every section has its value, together values are again amplified, thus initiate a revolution to a tokenize, human-value based future.”
10.@YLaplanteD (Q): Selfsell promotes a life key element: You must believe in yourself. I’d like to know if you’re working on partnerships with universities and schools? Education is in my opinion the first way to invest in yourself and often it’s accessibility is the first barrier to success.
Li Yuan (A): “Certainly, these directions embody Selfsell concepts to help talented young people, those who are willing to undergo transformation. Everyone should have equal rights. Supporters not only care about the economic returns talents bring but the gratification of helping others and see them succeed. Let’s Invest in undiscovered diamonds and make them shine, as the Chinese proverb goes, apprehend people fishing, equip them with knowledge and tools, instead of giving them fish directly. Therefore, caring community is a major part of SelfSell platform. This is a vase project, SelfSell will not be focusing on education at the moment, but I can ensure you that SelfSell will insist on our original discipline to the end.”
