TTC PROTOCOL
A Decentralized and Incentivized Social Networking Protocol
Decentralized
Social Networks
Individuals have adapted to the rapid development of mobile
communication technology by finding new ways to share their
lives, interact with one another, and form communities. Social
networks are no longer simply technological phenomena. Major
platforms like Facebook, Instagram, and Weibo have fundamentally
changed the way users express identity, communicate ideas,
and develop relationships.
As social network services grow increasingly sophisticated, users
run up against limitations caused by their centralized architectures.
Currently, the platforms themselves determine how
user-generated content is distributed. The resulting dynamic
favors paid content, while authentically user-generated content is
condemned to low engagement and low visibility. Additionally,
advertising revenue generated by users’ likes, shares, and other
forms of engagement flows to the platform provider rather than
to its contributing users.
This dynamic has not gone unnoticed. Users’ patience is growing
thin, and users now expect a new generation of transparent,
open-minded, decentralized social networks that incentivize
participants rather than platforms. This is the next generation of
social network.
Blockchain
Technology
Practically, a blockchain is a digital ledger that is used to record
transactions across multiple parties. It is decentralized, distributed,
and public, and because the record cannot be altered
retroactively without the alteration of all subsequent information
in collusion with the entire network, blockchain technology is
secure by design. This makes blockchains suitable for keeping
track of events, medical information, financial transactions, and
other types of record keeping
Blockchain-Based
Social Networks
There are several ways in which blockchain technology can be
naturally applied to social networks. For a social network to
develop, participating users must be able to interact easily. Each
user on the platform functions as a node in the network. As the
frequency and the probability at which users interact increases,
the density of nodes increases. This is highly compatible with
blockchains.
In recent years, blockchain-based content platforms have
garnered public attention. On such platform is Steemit.com, a
decentralized and token-incentivized platform that gives cryptocurrency
rewards to users who produce and interact with high
quality posts. However, on Steemit.com the barrier to entry is
steep. It is still challenging for ordinary bloggers to share their
interests, opinions, and knowledge because the platform
mandates that only rigorous posts meeting a high standard of
professionalism will be rewarded. As a result, the platform is
highly concentrated to a select group of users that are able to
take advantage of the Steem reward system.
Token-Incentivized
Social Networks
Rewarding some users with cryptocurrency tokens creates
economic incentives. These incentives effectively facilitate
the establishment and growth of social networks in a few
ways.
Proactive Users Every user in the network is a stakeholder,
which contributes to a shared belief that contributions
matter. Users will participate proactively as their contributions
are clearly and fairly recognized and rewarded.
Healthy Atmosphere Content aligned with the core values
of the network gets highly rewarded. This creates a
self-sustaining cycle where users are encouraged to create
content that strengthens the network.
Exponential Growth As the network grows, it increases
the value of the network, which in turn increases the value
of the incentives. Not only does this make incentives more
attractive to users, but it also builds public awareness
about the network.
TTC Token
TTC is a universal token based on blockchain, issued as the
operating medium for smart contracts. Compared to traditional
mining mechanisms, TTC is issued to users depending on their
contribution levels to the platform. This incentivizes users to be
active in making contributions and maintaining a positive and
consistent personal image on the platform.
Roadmap
ICO Plan
The TTC will be issued on ECH20 with a total amount of
1,000,000,000 (1 Billion), in which 25% of total coin will be
set aside for sale. ICO participants can purchase TTC with
ETH in exchanges.
1ETH = 4,000TTC
Token Name: TTC
Platform : Ethereum
Standard: ERC-20
Total issue: 250,000,000
Pre-ICO : 10am March 12 2018
Main-ICO: 10am March 26 2018
The team:
Brian Cheng
President & Founder
Chase Chang
VP, Ecosystem
Yixiao Wang
Product Director
Yuanyong Zhai
Technical Director
He Zhang
Design Director
Jie Wu
Growth Director
Peng Liu
Technical Lead
Xiangyang Wang
Technical Lead
Liang Zhang
Technical Lead
Yi Mo
Senior Product Manager
Bingqing Chen
Senior Product Manager
Shihao Guo
Senior Product Manager
Yunji Ma
Design Lead
For more information follow us here:
Website: http://www.ttc.eco/
Facebook: https://www.facebook.com/ttceco
Twitter: http://www.twitter.com/ttceco
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1350925
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