TTC protocol — A decentralized and token-incentivized social networking protocol

brainerdpaul (-2)(1)in #ico • 7 years ago

TTC is a decentralized and token-incentivized social networking protocol for the next generation of social platforms. TTC provides a brand new social experience; the platform is completely decentralized. This gives participating individuals a highly rewarding and dynamic user experience.
TTC Protocol is based on Block-chain Technology. The records on the platform cannot be altered or deleted and the records are secured once they are recorded on the platform. Recently, blockchain technology has led to rapid development of identity management, transaction processing, documenting provenance and supply chains.

TTC ECONOMIC SYSTEM

TTC tokens are distributed as rewards on a daily basis to users who contribute to the platform. We have three types of rewards;

The Content Reward for users who create high quality content, and those who will interact with the content by liking, commenting, sharing, or reporting. Content with a higher value will be given wider exposure, and also both the user who created that content and the users who interacted with it are given larger rewards of TTC tokens.

The Reputation Reward which is for users who make contributions over the long term by showing loyalty to the platform, consistently creating high quality content, and gaining recognition from others. A user’s reputation value begins at 1 when he or she registers and the maximum is 100. Reputation = Retention Value + Value of Content created +Follower Value + Auditing & Reporting Value Retention Value reflects the loyalty of a user toward the platform and keeps increasing at a slower rate as the user keeps visiting the platform. Content creating value reflects the quality of content a user creates and keeps growing at a slower rate if the user creates more content. Follower value reflects a user’s popularity on the platform and keeps growing if the user has more followers. Auditing & reporting value reflects a user’s contribution to maintain the quality of the platform. selected users on the platform form an audit committee who receives reported content. The auditing and report value increases if the user participates in more reporting and auditing cases.

The Advertising Reward is for users who take part in promotional activities such as watching advertisements, participating in themed campaigns, or completing customer surveys etc.

Both content and reputation rewards are issued from a fixed pool of TTC tokens programmed into the smart contract of the TTC Protocol but Advertisement rewards are generated by the TTC tokens introduced to the platform by advertisers.

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ON-CHAIN AND OFF-CHAIN TRADEOFFS

The TTC Protocol is built on the public Ethereum network which is the most widely used blockchain network. However, with the growing number of DAPPs and users, Ethereum is overburdened resulting in slow transaction processes. Ethereum also requires fees for every transaction on its blockchain. All these could be a considerable burden for users if the transactions are not aggregated and so the TTC Protocol will implement a balanced on-chain and off-chain transaction service. The transactions in the TTC Protocol will be settled on the Ethereum blockchain. Additionally, the TTC Foundation will implement an off-chain ledger to improve the efficiency of the system. Users’ actions will be initially recorded off-chain, then synchronized on-chain upon computation. This hybrid solution creates a semi-centralized system in which all users on the TTC Protocol will have a relatively smooth and consistent experience. Eventually, the TTC protocol ecosystem will evolve into a fully on-chain service, by working with other public blockchain or by building its own system.

TTC tokens are distributed on daily basis to users who contribute to the platform as rewards. Rewards are divided into three types.

Content Reward :

For users who create high quality content, and for users who interact with content by liking, commenting, sharing, or reporting.

Reputation Reward : For users who make contributions over the long term by showing loyalty to the platform, consistently creating high quality content, and gaining recognition from others.

Advertising Reward : For users who take part in promotional activities such as watching advertisements, participating in themed campaigns, or completing customer surveys.

Blockchain Technology

Practically, the blockchain is a digital leap used for recording multiple transactions. It is decentralized, distributed, and praised, and because the record can not be retroactively modified without any subsequent notions that intersect with the entire set, the blockchain technology is in shape. This makes it an ideal block barrier for tracking events, medical trading, trading and other record keeping records

Social Based Blockchain

There are several ways in which blockchain technology can be used originally for social circuits. For social networks to wake up, participating users must be able to interact easily. Every user on the platform works as an advantage in this series. Because of the frequency and frequency the user interacts with, the node event increases. It's very harmonious with chain blocks.

In these years of life, a blockchain-based content platform has gained public attention. At such platforms are Steemit.com, a decentralized and token-incentivized platform that credits cryptocurrency to users who generate and interact with high quality services. However, at Steemit.com, the barrier to be released is steep.

It is still challenging for casual blog writers to share their interests, opinions and knowledge because of the mandate that only strict service that meets high professional standards will be rewarded. As a result, this platform is based on a set of users who can utilize the Steam rewards system.

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.

Advertisers can promote brands and products through TTC’s advertising platform. Unlike traditional platforms that are centralized, the profits from advertising go directly to users. This fosters a win-win relationships for both advertisers and users.

ICO DETAILS

Pre ICO will be launched at March 12, 2018 10:00 AM (Beijing),

Main ICO will be launched at March 26, 2018 10:00 AM (Beijing)

You can participate with a minimum purchase of 0.1 ETH.

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 = 4,000 TTC

Token Name: TTC

Platform : Ethereum

Standard: ERC-20

Total issue: 250,000,000

Pre-ICO : March 12 2018

Main-ICO: March 26 2018