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togeDAO - A forum and social media community built on the Ethereum blockchain to incentivize content creators.


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Next update : 1 month, 3 weeks ago | Last updated : 1 month, 3 weeks ago

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{"ops":[{"attributes":{"underline":true,"color":"#000000","bold":true},"insert":"How togeDAO¬†Works?"},{"attributes":{"align":"justify","header":2},"insert":"\n"},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"Unlike any other social network, togeDAO¬†is based on the Ethereum blockchain, which allows it to be run in a decentralized manner. This means there is¬†"},{"attributes":{"bold":true},"insert":"and no data abuse, no censorship, no central authority, no downtime, no data vulnerability"},{"attributes":{"italic":true},"insert":".¬†"},{"insert":"\n\nIt solves a seemingly-endless list of problems seen in centralized social platforms (i.e. Facebook, Twitter, etc.).¬†\nAs well as the above unique advantages, it¬†also¬†"},{"attributes":{"bold":true},"insert":"rewards"},{"insert":"¬†its users using cryptocurrency! So, rather than post to social media, while the central party (Facebook, Twitter, etc.) cash in on ad revenue, you can post to social media and be paid for it yourself.\n\n"},{"attributes":{"color":"#000000"},"insert":"That is, all the content¬†posted¬†on togeDAO¬†is stored in the Ethereum¬†blockchain and cannot be removed by any central authority like in the case of Twitter and Facebook. Its regulated/moderated by the users to prevent plagiarism, illicit content, and other unnecessary/useless¬†content."},{"insert":"\n\n"},{"attributes":{"color":"#000000"},"insert":"There‚Äôs a¬†"},{"attributes":{"color":"#000000","italic":true},"insert":"reward system"},{"attributes":{"color":"#000000"},"insert":"¬†where forum discussions, content creators and curators are paid out which, in theory, should be based on the value they add to the platform. The platform uses TOGE, ETH and DAI to¬†reward both content creators as well as curators who can upvote, downvote, comment, and flag posts."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"1.¬†TOG¬†‚Äď Our¬†tradable cryptocurrency (utility token) that you can¬†\texchange for DAI or ETH,¬†buy and sell on exchanges. "},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"2.¬†The stable cryptocurrency, designed to be pegged to¬†DAI, that serves as a way for content contributors to know exactly how much they are getting paid. It can be traded with ETH or TOG¬†and can be transferred to other accounts."},{"insert":"\n\n"},{"attributes":{"header":3},"insert":"\n"},{"attributes":{"color":"#000000","bold":true},"insert":"How Are The Users Paid On togeDAO?"},{"attributes":{"header":3},"insert":"\n"},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"The way togeDAO¬†comes up with these tokens to reward users is simply by creating them. Unlike bitcoin, the tokens are already pre mined, and each year they inflate the supply to have more tokens to distribute."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"Everyday togeDAO¬†rewards 100% of the new TOG¬†units to the people who paid to the content creators, curators, and commenters."},{"insert":"\n\n"},{"attributes":{"color":"#000000"},"insert":"The payout reward for"},{"attributes":{"color":"#000000","bold":true},"insert":"¬†each post"},{"attributes":{"color":"#000000"},"insert":"¬†is as follows:"},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"¬ß¬†At least 80% of the amount goes to the author¬†of the thread or content."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"¬ß¬†At most 20% is distributed among the curators."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"The thread owner‚Äôs¬†job is to write a topic¬†that they think will add value."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"The curator‚Äôs job is to then vote on the content based on how good they think it is. To try to keep it somewhat of a meritocracy, togeDAO¬†will create clever ways of incentivizing curators to vote only on quality content."},{"insert":"\n\n"},{"attributes":{"color":"#000000","bold":true},"insert":"Incentivizing"},{"insert":"\ntogeDAO¬†is trying to change how social media platforms work. Unlike platforms like Facebook where users are not compensated financially for the content they create, togeDAO¬†rewards the platform‚Äôs contributors/creators‚Äô directly with its togeDAO¬†coin¬†at the end of every week.\n\nCreators and curators play a central role on this blockchain-based platform which rewards the users for their contributions.\nIn addition to creators, curators are also a very important part of the togeDAO¬†community. Users who upvote and help evaluate the quality of content are called ‚Äúcurators‚ÄĚ on togeDAO.\nIn fact, curators are also rewarded on togeDAO¬†as they help in maintaining the quality of the content! \nThat‚Äôs what togeDAO¬†and decentralization are all about ‚ÄĒ the power is in the community‚Äôs hands.\n\nLike Reddit, togeDAO¬†relies on its community to self-enforce the guidelines for user behavior. We are going¬†to¬†develop¬†a community moderation guides called¬†togeCops\nA few important points that are emphasized by togeDAO¬†are:\n¬∑¬†Citing sources and giving credit is encouraged.\n¬∑¬†There is a lot of emphasis on rewarding the original creator so original content is preferred when it comes to giving out rewards.\n\n¬∑¬†Avoid rewarding undesirable and spammy content.\nThe idea is to create a genuinely decentralized platform where users themselves decide which content is valuable, how good behavior should be incentivized, and how to create and maintain a positive community.\n\n\n"},{"attributes":{"underline":true,"color":"#000000","bold":true},"insert":"How Does togeDAO¬†Make Money?"},{"attributes":{"header":2},"insert":"\n"},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"togeDAO¬†uses the following ways to earn money."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"One of the ways togeDAO¬†makes money¬†is when its users¬†pays ETH¬†so their posts can be seen by a larger audience, thus getting more votes which translates into higher daily incentives.¬†Theoretically we will use that ETH¬†as an investment in the platform by which they can make a larger return than what they‚Äôre giving back with rewards."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"Additionally, our¬†tradable TOG¬†token will¬†appreciate in value, which will bring in a source of cash for the¬†platform or reinvested¬†back in the business."},{"insert":"\n"},{"attributes":{"color":"#000000"},"insert":"togeDAO¬†also allows its users to¬†"},{"attributes":{"color":"#000000","italic":true},"insert":"promote"},{"attributes":{"color":"#000000"},"insert":"¬†their posts to reach a larger audience. togeDAO¬†has its own built-in way to promote¬†each post. This is not unlike other decentralized platforms such as¬†Minds, which also allows users to boost posts this way as well.¬†Think of it like a Twitter Ad, your essentially paying for people to see your content, hoping that will convert to sales for your business, or in this case, upvotes and earning potential for your post."},{"insert":"\n\n"},{"attributes":{"color":"#000000"},"insert":"We have¬†no explicit ads, but you can imagine each post as a single advertisement. In order to attract attention or ‚Äúsell the contents‚ÄĚ, a user should invest his money. If people like their¬†post and they¬†will get their¬†money back and even earn something."},{"insert":"\n\n"},{"attributes":{"bold":true},"insert":"What is togeDAO Token¬†(TOG)"},{"attributes":{"header":3},"insert":"\n"},{"insert":"TOG, stable one. It is intended to be valued 1:1 with DAI, which means that 1 TOG¬†should be equal to the amount of DAI¬†that can be bought with 1 USD.\nAs TOGs¬†are intended to be stable, 70% of the payment to creators and curators on togeDAO¬†is processed in¬†TOG¬†. TOG will¬†be listed¬†on several exchanges.\nYou can cash out your TOG¬†by converting it to DAI¬†or ETH on the in-built mini exchange or converting it to fiat currency.\nAlso by holding TOG, you earn a 10% annual interest.\n\n"},{"attributes":{"color":"#050b2b","bold":true},"insert":"Investment Description"},{"attributes":{"header":2},"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"Our short description of business was started to address a demand for¬†more blockchain incentivized community."},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"We understand that we operate in what can be a competitive field, so¬†the¬†aim to outcompete similar businesses by offering :"},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"1.¬†A simple, easy and better UX "},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"2.¬†Straight forward mode of payment with a pegged token that will be as stable as the DAI token"},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"3.¬†Fully decentralized reward community."},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"This makes us unique in the industry and gives us a strong competitive advantage."},{"insert":"\n\n"},{"attributes":{"color":"#26263a","bold":true},"insert":"Summary"},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"We genuinely believe that¬†togeDAO¬†has huge potential in the Ethereum blockchain. Our team has proven expertise, including relevant experience. To add to this, our unique approach makes¬†togeDAO a powerful force in the dapp chain."},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"With our predicted future growth, we are offering you a valuable investment opportunity."},{"insert":"\n"},{"attributes":{"color":"#26263a"},"insert":"Visit "},{"attributes":{"underline":true,"color":"#0000ff","link":"http://www.togedao.ml"},"insert":"www.togedao.ml"},{"insert":"\n"}]}

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