TTC is a new cryptocurrency project which boasts a very good incentive. It will become appealing to everyone. The TTC project have created a unique platform whereby social media network users will be rewarded for generating, distributing and interacting with other users for watching ads and many more things.
Big key point of the TTC project is that it is based on the decentralized blockchain technology. At the moment alot of social media platforms are centralized and only earning money for the stake holders / owners. TTC is a very unique project because they are looking to change that through the decentralized platform which means not one single person or company owns the platform. I haven't seen any other social media platform realm in the benefits for the contributors or end-users.
Earning money through social media will be very appealing to millions of users. We all know how long each and one of us spend a day on social media, so why not get paid for it aswell?
How will it work?
The users or contributors will be paid in TTC tokens. By combining the TTC Protocol’s token based incentive mechanism together with the distribution of user-generated, the TTC Protocol itself is led by each end user. As the number of end users grows, the TTC Protocol becomes more valuable, and the commercial value of the TTC token increases; a very good reason to hold onto your TTC tokens as the project grows more and more.
A piece of content's value in TTC tokens is determined by the reputation of the users who interact with it. A user’s reputation affects the value of a piece of content whenever that user likes, comments, shares, or reports it.
If a user with a high reputation interacts with a piece of content, that content is given higher value and higher exposure. Additionally, content shared on other platforms is also given higher value because it’s exposure off the network increases the value of the network.
The first decentralized application(DAPP) on the open platform; TTC Protocol will be tataUFO, a social network service with more than 10 million total users. tataUFO is committed to breaking the conventional bottleneck of social networks, decentralizing content distribution, and returning value to individual users through a blockchain-driven tokenized incentive mechanism.
Economic System
TTC tokens are distributed as rewards on a daily basis to users who contribute to the platform. Rewards are divided into three types.
Content reward
For users who create high quality
con-tent, and for users who interact with content by liking, commenting, sharing, or reporting
Reputation reward
For users who make contributions
over the long term by showing loyalty to the platform, consistently creating high quality content, and gaining recognition from others
Advertising reward
For users who take part in promo-tional activities such as watching advertisements, par-ticipating in themed campaigns, or completing customer surveys
Both content and reputation rewards are issued from a fixed pool of TTC tokens programmed into the smart contract of the TTC Protocol. Advertisement rewards are generated by the TTC tokens introduced to the platform by advertisers.
Whitepaper : https://d1u6eqogwsdivn.cloudfront.net/whitepaper/TTC_Whitepaper_EN.pdf
Homepage : http://www.ttc.eco/
Facebook : http://www.facebook.com/ttceco
Twitter : http://www.twitter.com/ttceco
Medium https://medium.com/@ttc.eco