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WHAT IS CNBT.IO?
CBNT is a decentralized professional content sharing community based on blockchain technology and an ecosystem model of DPGC (Decentralization Professional Generated Content). In the beginning, we will focus on blockchain and professional financial investment content. CBNT will create a win-win ecosystem for all participants, including content/articles providers, content readers (viewer), ad publishers, and token holders. In the CBNT community, whether you are content generators or content viewers, both sides can receive tokens “Mining Rewards”. As CBNT grows and traffic boosts, all the profit of numerous ads will also be distributed to all of the participants.
Innovation in the CBNT community: participating is mining;100% profit exchanging; community autonomy model; practicing decentralized self-operation management “group wisdom”. All participants in this ecosystem can get 100% corresponding rights and benefits, thus to achieve a win-win system of “content, traffic, and advertising.”
Content creators will be rewarded tokens if readers like their valuable content. the higher the content ranks, the more tokens the creators will get.
Viewers can vote on and share high-quality articles, and the benefits of these articles will be distributed based on the user’s contribution weights.
High-value information equals opportunity in the business world. Sharing valuable information to questioners can bring you more benefits.
Change the traditional advertising model. The advertiser pays tokens to publish ads, and the advertising fees will be distributed based on fan’s contributions.
CBNT’S DESIGN CONCEPT
CBNT tokens will be released from the Mining pool at a fixed time every day as an incentive. The incentives will be divided into 3 parts: 45% for authors (content creators), 45% for content viewers and communicators (likes, comments, sharing), and 10% to CBNT token holders whose tokens are in a locked state. On the CBNT platform, how many CBNT tokens can be mined when content creators publish an article? The most important factor in the content mining incentives is the content quality. The higher quality the content is, the more users will participant in viewing, sharing, liking and other mining activities, thus gaining more mining incentives. The rating right of the content will be given to the readers, and each reader has different voting weights. The higher the weight is, the greater the impact on the content rating. The final mining rewards will be comprehensively calculated based on factors, like readers’ behavior weight, view amount, and whether the article is original, etc. The daily token pool will be distributed according to the weight of the score. The value of high-quality content on CBNT mainly comes from the mining behavior of viewers.
The value weight of viewer’s mining is mainly composed of the following factors:
Part of the mining value of the viewers is derived from the number of tokens held. The more tokens held, the higher the weight of the mining value and the more the mining incentives will be rewarded in the future.
Each user has his own contribution value (similar to Alipay Sesame Credit Score), which is mainly used to measure how much the user contributes to the community. The contribution value has nothing to do with the number of tokens held and the number of tokens locked but gains from commenting, liking, sharing, and other activities. It is gradually accumulated and improved from long-term participation on the platform. The higher the contribution value, the higher the “credit score” the user will have on the platform, and the contribution value is directly proportional to the mining incentive. If the user wants to share more mining incentives, he needs to continuously
improve his contribution value.
Secondly, the behavior of evaluating the value of high-quality content is forwarding and sharing. Users can share good-quality content with friends and can also be shared with social media. When sharing is successful, it records mining behavior, and the content value will also increase.
Readers that write quality comments on content. If the comment is liked by others, both the reviewer and the author can be rewarded mining incentives, and the contribution value of the reviewer will be added as the number of likes increases. (Users can only get like incentives if they like and comment on the content, and if their comment is liked, they can get the contribution value and the like incentives. This will encourage users to make more high-quality comments but not spam content. )
Every effective like on high-quality content (both users with a higher contribution value and users with lower contribution value) can increase the value of your content’s mining incentives.
Each viewer has limited mining capability. Each mining will consume a certain CB value. The CB value is only used to control whether the mining behavior can be rewarded, rather than the parameters for controlling the mining behavior. The content mining will consume a certain CB value each time, and 100 points will be added to the CB value every 24 hours. When the CB value is insufficient, users can continue to like the content, but the like does not contribute to the improvement of the content value and the CB value is not reduced.
Mining Behavior Rank
In order to encourage the viewers and communicators who reveal high-quality content, the sooner the users mine content (sharing, commenting, and liking), the more content mining incentives they will receive. For example, for the future value distribution of the same content, the mining incentives will decrease based on the order of likes. Based on the held token amount, contribution value, mining behavior (likes/shares/comments etc.) and the mining behavior rank, the mining incentive value will be calculated.
As CBNT is a proof of platform ecosystem, CBNT token holders can enjoy rights on the platform, like revenue sharing, supervision, voting etc. The total supply of CBNT is 10 billion, and it will never be overissued. There are two ways to obtain CBNT: one is mining, and the other is to trade from the exchange. The distribution mechanism of the tokens are as follows:
1 Mining Pool
The Mining pool will be used to motivate content creators, high-quality content viewers, and communicators. The mining pool has 6 billion CBNT tokens, accounting for 60% of the total amount. Participating is mining; the token would be released every day to the participants.
The tokens will be released annually according to contract rules:
1st year, 40% of tokens will be released.
2nd year, 30% of tokens will be released.
3rd year, 20% of tokens will be released.
4th year, 10% of tokens will be released.
5th year, 10% of tokens will be released.
From the 4th year, 10% of the token stock will be released each year, and so on. Once all of the tokens have been released, the campaign of participating is mining is over.
2 Operations Pool
The amount of tokens in the operations pool is 1 billion CBNT for early business development and cooperation, accounting for 5% of the total. The operations pool will be 100% transparent and under supervision, and the token report will be disclosed regularly. Release Method: referring to the mining mechanism, the tokens in the operations pool will be synchronously released every day as the same proportion of tokens are mined.
Formula: Token amount released daily=total operation token * (token mined previous day/total mine pool token)
3 Private Institutional Investors
500 million CBNT will be provided to investment institutions that contribute financial resources, coordinated resources, strategic planning, and talent assistance in the early development of the project, accounting for 5% of the total.
This part of the token will be pre-released and will be locked and released through a smart contract according to the private investment rules.
4 Founding Team
1 billion CBNT will be given as an option to the project development and operation team, accounting for 10% of the total, as a long-term incentive.
Formula: Token amount released daily=total founding team tokens * (token mined previous day/total mine pool token)
5 CBNT Foundation
The CBNT Foundation will hold 2 billion CBNT accounting for 20% of the total. This will ensure the completion of technical project development, as well as subsidize operating and maintenance costs.
Formula: Token amount released daily=total foundations tokens * (token mined previous day/total mine pool token)
CBNT project start-up; preparation for the business rules, process design, and communication with content creators, etc.
Complete product prototype, and business rule model; CBNT token generation; project development continues.
listing of CBNT official website.
listing of CBNT Beta version; invite community members to form a beta team and complete a system test.
listing CBNT 1.0 version, available for IOS and Android users.
Gradually achieve group wisdom decision-making, and establish a self-operated distributed community with ecosystem co-construction, community co-governance, and revenue sharing, and in which each CBNT holder can participate in community elections, business decision-making activities, etc.
FOR MORE INFORMATION CLICK LINK BELLOW:
- Website: https://www.cbnt.io/index-en.html
- Whitepaper: https://www.cbnt.io/whiteBook1.pdf
- ANN Thread: https://bitcointalk.org/index.php?topic=4906256
- Telegram: https://t.me/cbntofficial
- Facebook: https://www.facebook.com/cbntofficial/
- Twitter: https://twitter.com/CbntOfficial/
- Medium: https://medium.com/@cbntofficial
- Steemit: https://steemit.com/@cbntofficial
Author: Foto lama
My Bitcoointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1957113