Ico will start on February 1st, so i expect that you have everything prepared before the date launch. Can you tell us in quick summary, what do you offer to your investors?
Decentralization is showing the promise for solving many of our problems and many projects are trying to implement the same, especially with the help of new technology available to us.
Various blockchain projects are trying to decentralize publishing platforms, by decentralizing the content storage, content discovery and content exchange on a social platform.
Where other platforms fail to achieve decentralization simultaneously in all three of these aspects, Respectonomy aligns the incentives for all these aspects to work in unison.
So the basic motive for our investment, either through time, money or support through mining is to realize the vision of a truly decentralized social network that fairly rewards all aspects of this network.
This investment however, grows valuable over time due to the manner the RES token is used in the network. Respectonomy provides a layer for anyone to build bots on, that can crawl user’s data by paying them for it and bots can earn by providing services. Advertisers then effectively become special kinds of bots that instead pay users to modify their hosted data.
Thus, the demand for RES token is driven through the usage by advertisers who would buy token to pay users for advertisements directly, as per user’s self-moderated discretion, whereas service-bots run through micropayment of RES.
The final motive for possessing RES is the ticket for participation in an elite network since only a limited number of users stay on the prime network. Decentralization’s kryptonite is supporting the weakest infrastructures for end nodes, as evident by the blocksize problem. Because bandwidth is a limited resource, the fees over time drives up to a point that only a limited number of users shall be able to afford RES for accessing content in the prime network, while other users fork to a parallel respectonomy network which requires lesser RES. Users are part of a particular respectonomy network depending on their ability to mine, buy or earn the minimum amount of RES required to participate.
We regard the release of respectonomy’s protocol as an important step towards correctly aligning the incentives for all participants in the network and driving the value for the RES token.
An idea of social network without censorship is very attractive.Will the ICO investors be like shareholders and get paid dividend from the profits?
Respectonomy is a platform that aims at incentivizing activities of the users - Creators Curators and Consumers
That being said it is purely community driven
Bigger the community more the users popular the platform becomes.
More popular the platform becomes more will be the demand for the RES tokens
After the mainnet is launched and tokens are distributed we will soon be listing it to exchanges for trading for which we have already begun dialogue with few big exchanges
So RES token holders are not shareholders as their no centralization exist so the question of dividends doesn not exist.
However one thing is assured is that the ICO funds will be directed to create maintain and most importantly 'Popularize' the platform so that initial investors get benefited with price rise.
Go through our whitepaper once and also the Motivation blog to understand the concept better.
