Have you ever wanted to write a book, but have no money to publish and loathe the idea of sharing your hard earned profits with Amazon?
Well Publica may just be the platform for you.
Publica is a platform that allows for publishing on the Ethereum blockchain and utilises their ERC20 token PBL (pebbel) as a means of operating on the platform. Their idea is that you can fund the writing, promotion, and selling of your book on the blockchain using a book ICO.
So how does it work?
A book ICO enables authors to sell pre-release versions of their 'work in progress' as readable tokens. In doing this, authors are able to engage with and offer incentives to their early followers and passionate supporters, receive the funding needed to complete their writing, and promote their work on a whole new level due to the power of the blockchain.
This is all done in 3 simple steps:
Creation of a campaign page for the book.
Setting a token price for the book, which then automatically creates a smart contract.
Using the proceeds from the campaign to finish the book.
When completed it will be published automatically to the blockchain and accessible to anyone holding your tokens.
What are the benefits using Publica/Why publish on the blockchain
Digital distribution - allows automated distribution of ebooks to Publica e-reader wallets.
Tradability of Books - each book becomes a token that dictates access to it. To lend or gift a book to a friend, family member or library, you simply transfer the token of the book from one wallet to another.
Transparency - access to a clear record of financial interest, sales, author and third party interest.
Community - tokenisation of your book creates vested interest among cryptocurrency enthusiastic readers, who are now holders of a tradable token.
Global decentralisation - blockchains have no government. Publica is available to all without limits on what you write or what you read, nobody can shut it down.
Market Use - token exchanges will use smart contacts to delegate part of the resale price of the book to an author.
Audit free revenue - incorporate your publishing team into the smart contracts creating an automatic payout system.
How Can You Get Involved?
Publica now has an operating e-reader available on the google play store: App Link
You can also create your own book ICO by registering as a author on their authors platform.
