The LikeCoin project will give more to "Like" button on content sharing platforms, for example in social networks. The protocol will use its distinctive LikeRank algorithm to rank content and the "Proof of Creativity" mechanism to reward content creators.
In the existing Internet model, creativity does not necessarily guarantee monetary rewards, especially for independent creators and freelancers. Since Internet creating, users earned money selling their intellectual property by the Internet. And from this time, the revenue model has not undergone any significant improvements, despite the other Internet advancement. For creators Internet has worsened; instead of money, they started to get just "Likes".
LikeCoin's protocol seeks to break this order by creating a platform through which creators can monetize their content directly. As a result, the creators will have more time to create impressive content, rather than spending time searching for profitable markets.
In fact, every person with a smartphone in - is a potential content creator. Currently, some phones have the ability to shoot photos, which quality can be better than that of professional high-resolution cameras. The demand on unique photographic content is always high. Therefore, reorienting awards and creativity, LikeCoin will open to the world market opportunities to potential that hasn’t yet been used.
As mentioned earlier, LikeCoin assigns unique fingerprint identifiers to all content published on the platform. This facilitates the tracking of content, in particular derivatives and service providers. In addition, the platform uses the Proof of Creativity protocol to encourage attribution and partnership between applications.
LikeRank
Google's search engine revolutionized the Internet; depending on their relevance to the search keywords. However, this mechanism is still generalized, since it does not emphasize that the concrete contents of the header constitute a web page; rather, he collectively evaluates the entire page.
LikeRank will use trace tracking provided by the LikeCoin protocol to determine the creativity of creative content. Consequently, the more creative content, the higher the rating.
Proof of Creativity (PoC)
PoC defines creativity: The higher the LikeRank, the higher creativity The more "Likes", the higher the creativity
It is a utility token, on the ERC20 protocol and Ethereum blockchain.
LikeCoin's total amount 2,000,000,000 and will be divided into four parts.
The exchange rate during the ICO will be 40,000 LikeCoin for 1 ETH.
LikeCoin protocols are aimed at encouraging a data transfer protocol and an open license, offering a decent reward.
LikeCoin is a change designed to create the habit of voluntarily paying for high-quality content. By providing a large pool of creators for mining with Proof of Creativity over the next years, the community will gradually get used to the model of voluntary rewards over a long period of time.
