TTC-PROTOCOL: informal networking structure having decentralized applications & user’s rewarding mechanism.
Preface:
There are hundreds of platform which provides opportunity to the user to socialize with others. They platform take their time and benefit nothing, even show them ads for which they are getting paid from the advertisers but they don’t reward the users on watching them. They work on mechanisms of centralization. Though many decentralized-platform based on blockchain technology allow their customers to earn but mainly for specific skills to work, investing on their platform but these mainly formal platforms. But if this earning way in decentralized manner is collaborated with an informal social network that would be amazing. Getting incentives/ rewards even on interacting with people, creating quality data but not requiring any skill for that, no investment required, still get cryptocurrencies. This is the theme behind TTC-PROTOCOL stage.
This TTC-PROTOCOL is decentralized structure allowing advertisers to advertise products so their users get incentives/ rewarded on viewing these ads, data-sharing, interaction with others on system and socializing.
To do this, TTC networking stage is planning to create a number of decentralized-Apps. First of them is tataUFO. These Apps will be user friendly, users use them to share/ create content and view ads. Every qualitative activity is being rewarded here. Anyone can be the part of this system from all over the world. Apart from users but developers are also welcomed here so that they can create their own decentralized app use it and promote it on same stage. Applications will also have emoticons, chatbots, polls, coupons, gifting and many other features. This protocol runs on Ethereum, blockchain, and smart contract principles which make sure that no one gets the rewards unfairly. Every activity is being audited identified, even other users can report fraudulent users who will then monitored by TTC-protocol platform itself for fair dividends of incentives.
Rewarding:
The reward is the token. This crypto token also have monetary value is expected to increase as number of token holders/ user’s demand increases. These rewards are on:
- Advertisement: the users are rewarded for viewing ads, filling surveys forms and promoting brands. More reward will be given for actually responding to them.
- Content-writing: second way of getting token is through writing-content, more the content has quality, more will be the reward. Even liking, share and commenting on other user’s content also makes user eligible or getting incentives.
- Reputation: more the loyalty of any users, higher will be reward. Users are asked to make recognition form rest of their users. But this depends upon the value of retention, created content, number of followers, and auditing.
The cryptocurrency:
The crypto-token/currency which is being used by TTC-platform for user’s rewarding system is ERC20 standard is known as TTC-token. Main ICO for TTC tokens is starting from April 18, 2018, with the 1 ETH price for purchasing 4000 TTC tokens. These tokens for sale are 250,000,000 (which is 25% of total supply). The users who are whitelisted after process of KYC are allowed to participate in the ICO of TTC token-sale. For further insight about the project please visit whitepaper.