If the minimum goal(1851 ETH) is not achieved the donors can retrieves theirs ETH
smart contract (Escrow) view it here .
AbstractEvery month the social networks earns thousands of millions of dollars by using the users and their data. The social Networks never retribuite a single penny or benefit to them beyond the ofert to use the platform itself, Majority of users see social network as a services but the reality is that they are consumers of one big business model (digital advertising) and free producers of the raw material for another big and profitable business model (big data and analytics), all they work for free and some cases they are unaware of power and value of your work.
We are proposing to create a new fairer social network with its own token (GAT General Advertising Token), that have a variety of business models to generate money of course, because we are aware that money doesn’t grow on the trees, but we are also aware that everybody should be rewarded by their work.
This model is better because economic growth is more likely when wealth well distributed instead of saving it, “Higher cash flow to the poorest is growth enhancing while a higher cash flow to the rich boosts savings. If people on lower incomes have more money, there will be more spending, more jobs and a stronger economy”, more jobs in context must be understood as more users wining money and spending in products and services and this while making our network economy growing
The General Advertising Token (GAT)
It’s designed and used by the company for its transactions. The company will develop a market medium where everyone that have a token can sell it to the advertisers who will need it for pay by ads because OurNet company only will accept as payment method these token.
As the network boom increases, advertising costs rise and demand for tokens also increases, which leads to a safe increase in the price of the token by the law of supply and demand. The company will not be able to issue more coins that those which were issued and announced in the ICO (1.000.000.000) and to promise open the market with a price 150% over the presale cost of token guaranteeing valuation for investors.
The market developed by company should be easy for exchange between tokens and any type of fiduciary or cryptographic currency. This token also could be exchanged in any other market.
BUSINESS MODEL FOR EVERYONE
The functionality of the platform will be similar as whatever social network that exists today but will focus on improving their defects and shortcomings and combinate their best functionalities as entertainment, news, e-commerce, job etc. Always looking to increase the user experience.
Users
Every user must make his account in the social network, then start to use it and spread the network, making his profile, sharing content, photos,news, selling, inviting and adding referees or friends, exchange he will get the possibility for earning a compensation.
The users can win tokens by use the social network and see the content, write news, sell products or get jobs for example, them can exchange your tokens by products or also fiat money selling theses to the advertiser.
Company
The company’s employees will organize on different fronts to work on research and innovation, monetizing network and making more business models, the business possibilities in this field are many and are very profitably. since that the main source of money is digital advertising, the company will destinate much of its budget in promote (spread) and improve its platform looking make an effective attractive channel of sells for get advertisers.
Investors
The company can not issue more tokens that those were issued and announced in the ICO (1000.000.000), and will open the market with a price 150% over the presale cost of token, It seeking that the donor recover their investment and start wining 150% and can continue winning as the token increase its cost, because it's need to satisfice of demand of advertiser that need pay the ads with tokens on the platform.
Growing strategy
When company starters, we will need to define enough amount of budget for paying rewards before company can achieve be self sufficiency (Reach the break-even point).To ensure rewards distribution and spread the network, we are working on making an algorithm that allows to distribute the rewards keeping the harmony between equality and utility, it is because if we distribute in equal way, at the end each person will end up a penny and this will be of no use. This algorithm will give points and increase the chances of winning the most referenced person as in a binary network, but once he wins a prize, he will be put on deep in order to ensure that each person in the network get the rewarded for their work.
Rewards
Every month the expenses, provisions, budget and net profit should be calculated by the company in order to determinate how much amount of net profit could be added to budget in order to share with their users cross specialized kinds of algorithms for through a model of prizes or raffles that will be developed