"We have borrowed several concepts from the STEEM / Steemit.com platform including:"
9.5.1 Cryptocurrency-based Content Platforms
There are existing cryptocurrency based content platforms that have pioneered the use case
of employing tokens as an incentivization mechanism for content creation and distribution.
Steemit.com, based on the STEEM cryptocurrency has developed a novel way to incentivize
social media content creation, similar to Reddit.com. Although there are several key differences,
we have borrowed several concepts from the STEEM / Steemit.com platform including:
• Net upvote & downvote system based on 1 vote per token rather than 1 vote per user
• A squared (n2) proportional token payment distribution function that weights the payments
more towards the top-voted research content, but still allows everyone to get paid something
• Scheduled increase in token circulation to fund the compensation for new and existing
research content
• Pre-determined yield for existing token holders that are willing to commit to a holding
period, also funded by scheduled increase in token circulation
https://coin.red-pulse.com/wp-content/uploads/redpulse-whitepaper-en.pdf
