Topic: [ANN][ICO] LoopIn - Ad-free Decentralised Reward-based Social Platform - page 2. (Read 1014 times)
September 02, 2017, 02:32:03 PM
Thanks! Nice website btw
September 02, 2017, 01:50:42 PM
good project sir and I hope this project will be on the right path good luck
September 02, 2017, 01:32:24 PM
https://imgur.com/DYs4Vih
LoopIn is a decentralised social media platform that aims at empowering its users by allowing them to own the content they create and rewards them through the creation and promotion of high-quality content on the platform. LoopIn does not natively support advertising in order to create a safe environment where users do not feel targeted by external businesses. Rewards come in the form of virtual tokens that can be exchanged for Ether.
In the last decade we have seen a boom of social media platforms, each offering the same product in different ways. Many have failed, but the few that have stood the test of time have become an intrinsic part of our daily life. Taking out one’s phone and scanning one’s feed on any of these platforms has more or less become a subconscious action as well as being used to either pass the time or avoid awkward environments.
Most social media users don’t realise that the information they publish and share on social media platforms has value. By giving their data away for free, users allow companies to profit through the reselling of this information and targeted advertising. Social media platforms make money from the content users create on their platform. Busi- nesses and advertisers make money from user’s data and information. And celebrity/high profile accounts make money from sponsoring brands to users and sharing click-bait articles to users. The only people who are not rewarded are the average users.
At the same time, whether it is advertisements or click-bait articles, there is a lot of undesirable content on social media platforms. That’s because social media is an easy target for businesses which use the platforms as a central pool of potential customers to profit from, essentially doing their job for them.
Current social media platforms are also entirely controlled by their providers, and users are at the mercy of their decisions as of the fate of the platform and the data that goes with it.
LoopIn uses blockchain technology and decentralisation to resolve the above problems existing in the current social media industry.
On LoopIn, all users can finally own their content and be rewarded by sharing it with others. Rewards in the form of virtual tokens are given to content creators by other users of the platform based on whether they enjoyed the content.
As rewards can only be obtained through others on the platform, there is an incentive in producing quality content that users would enjoy. Cheap, easy-to-generate and low-quality content like click-bait articles and brand-sponsoring posts would receive little to no endorsement on a platform where it costs money to Like it, making LoopIn a place where each item in a user’s feed is meaningful and with a higher potential value to that user.
LoopIn is also the first social media platform that does not natively support advertisements in order to create a free space for everyone to enjoy and not feel targeted by businesses.
LoopIn’s reward system aims at making the process of exchanging digital goods easier so that more people can own digital assets, grow accustomed to them and learn how the assets of the future are exchanged.
LoopIn coins (LIC) are the tokens that will be distributed to investors during the token sale period. All investors will also receive an amount of Loops to get them ready to use the platform when it’s deployed on the main network. LoopIn coins will be tradable on cryptocurrency exchanges for fiat or other crypto currencies as needed.
Co-founder & Lead Developer
Victoria Xie
Co-founder, Developer & Marketing
** NOTE: The Chinese version of the website and white paper are purely to help investment in the project. We operate in the UK and therefore are not subject to China's latest regulatory decisions**
Click HERE to join LoopIn Token Sale starting on 12th September 2017!
LoopIn is a decentralised social media platform that aims at empowering its users by allowing them to own the content they create and rewards them through the creation and promotion of high-quality content on the platform. LoopIn does not natively support advertising in order to create a safe environment where users do not feel targeted by external businesses. Rewards come in the form of virtual tokens that can be exchanged for Ether.
The Current State of Social Media
In the last decade we have seen a boom of social media platforms, each offering the same product in different ways. Many have failed, but the few that have stood the test of time have become an intrinsic part of our daily life. Taking out one’s phone and scanning one’s feed on any of these platforms has more or less become a subconscious action as well as being used to either pass the time or avoid awkward environments.
Most social media users don’t realise that the information they publish and share on social media platforms has value. By giving their data away for free, users allow companies to profit through the reselling of this information and targeted advertising. Social media platforms make money from the content users create on their platform. Busi- nesses and advertisers make money from user’s data and information. And celebrity/high profile accounts make money from sponsoring brands to users and sharing click-bait articles to users. The only people who are not rewarded are the average users.
At the same time, whether it is advertisements or click-bait articles, there is a lot of undesirable content on social media platforms. That’s because social media is an easy target for businesses which use the platforms as a central pool of potential customers to profit from, essentially doing their job for them.
Current social media platforms are also entirely controlled by their providers, and users are at the mercy of their decisions as of the fate of the platform and the data that goes with it.
LoopIn's Solution
LoopIn uses blockchain technology and decentralisation to resolve the above problems existing in the current social media industry.
On LoopIn, all users can finally own their content and be rewarded by sharing it with others. Rewards in the form of virtual tokens are given to content creators by other users of the platform based on whether they enjoyed the content.
As rewards can only be obtained through others on the platform, there is an incentive in producing quality content that users would enjoy. Cheap, easy-to-generate and low-quality content like click-bait articles and brand-sponsoring posts would receive little to no endorsement on a platform where it costs money to Like it, making LoopIn a place where each item in a user’s feed is meaningful and with a higher potential value to that user.
LoopIn is also the first social media platform that does not natively support advertisements in order to create a free space for everyone to enjoy and not feel targeted by businesses.
LoopIn’s reward system aims at making the process of exchanging digital goods easier so that more people can own digital assets, grow accustomed to them and learn how the assets of the future are exchanged.
LoopIn Token Sale
LoopIn coins (LIC) are the tokens that will be distributed to investors during the token sale period. All investors will also receive an amount of Loops to get them ready to use the platform when it’s deployed on the main network. LoopIn coins will be tradable on cryptocurrency exchanges for fiat or other crypto currencies as needed.
Start date: 12th September 2017
End date: 10th October 2017
1st week bonus：+20%
2nd week bonus：+10%
3rd week bonus：+5%
4th week bonus：+1%
LoopIn coin distribution floor: hidden until reached
LoopIn coin distribution cap: 120,000,000 LIC
Currency accepted: ETH, BTC
Token exchange rate: 1 ETH = 1,250 LIC, 1 BTC = 16,000 LIC
Minimum transaction: 0.1 ETH, 0.008 BTC
End date: 10th October 2017
1st week bonus：+20%
2nd week bonus：+10%
3rd week bonus：+5%
4th week bonus：+1%
LoopIn coin distribution floor: hidden until reached
LoopIn coin distribution cap: 120,000,000 LIC
Currency accepted: ETH, BTC
Token exchange rate: 1 ETH = 1,250 LIC, 1 BTC = 16,000 LIC
Minimum transaction: 0.1 ETH, 0.008 BTC
LoopIn Token & Fund Distribution
| Token Distribution | ||
| Token sale: | 40% | |
| Founders: | 20% | |
| Future usage: | 40% | |
| Fund Distribution | ||
| Development: | 60% | |
| Marketing: | 25% | |
| Operations: | 10% | |
| Legal: | 5% |
LoopIn Roadmap
| Feb 2017 | LoopIn Idea | Mar 2018 | Alpha release |
| Mar 2017 | Research | Apr 2018 | uPort integration |
| Aug 2017 | ICO website launch | Aug 2018 | Beta release |
| Sep 2017 | Initial Coin Offering | Sep 2018 | Status integration |
| Oct 2017 | Development starts | Jan 2019 | LoopIn launch |
| Dec 2017 | LoopIn tokens listed on exchanges | May 2019 | Mobile application |
LoopIn Team
Rupert Cobbe-WarburtonCo-founder & Lead Developer
- Multiple years of development experience in the investment banking space in companies such as J.P. Morgan Chase & Co. and Bank of America Merrill Lynch.
- Blockchain believer. Has been trading cryptocurrency since 2013 and exploring distributed ledger solutions thereafter.
- LinkedIn - https://www.linkedin.com/in/rupert-cobbe-warburton-5a3a0647/
Victoria Xie
Co-founder, Developer & Marketing
- Diverse experience in quantitative investment research and investment banking technology in companies such as J.P. Morgan Chase & Co.
- Blockchain enthusiast with particular interest in exploring the potentials of blockchain technology in the finance space.
- LinkedIn: https://www.linkedin.com/in/victoria-xie-183322a0/
** NOTE: The Chinese version of the website and white paper are purely to help investment in the project. We operate in the UK and therefore are not subject to China's latest regulatory decisions**
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