As an enthusiastic Redditor, I was surprised to find a blockchain project modeled after none other than Reddit itself.
The new kid on the block(chain) is called VuzzBee, and, being a part of the crypto economy, it prides itself on the idea of rewarding all participants.
VuzzBee members will include content creators and users who consume and share the content while also rating it (up/downvote) and earning VuzzBee's cryptocurrency (VBEE) instead of karma points. As with Reddit, there will also be content promoters and advertisers, the last of which won't be earning any VBEE tokens.
You'll be able to post external content or create original posts in the form of text, images, graphics, video and audio.
You'll get paid to read, post, comment and share your favorite content. How cool is that?
You'll get paid for your content, while having the option to give your fans the chance to earn as well.
The VuzzBee ICO
VuzzBee Platform Launching Stages
In this incentivized social media participation model, VBEE is used as payment with which everyone is compensated for their efforts to grow the platform. Growing the platform also increases the value of the token over time.
A limited supply coupled with growing demand leads to price appreciation. Price appreciation makes VBEE more attractive to both, investors and traders. Investors are incentivized to hodl (hold, not sell) by being given higher voting and earning power based on their balance and activity on the VuzzBee platform.
To limit price volatility, withdrawals are limited to 30% of the available balance weekly. This is also a means to prevent spam (spam, withdraw earnings and liquidate).
New members are expected to be given a sign up bonus and to be able to purchase or trade VBEE in Fiat-VBEE-Fiat trading pairs on cryptocurrency exchanges.
Blockchain to Blockchain
While Reddit users cover ICOs and cryptocurrencies extensively, Reddit remains a traditional post forum site.
Meanwhile, the blockchain economy is exploding and creating it's own market. It's only logical to assume that ICOs and blockchain communities will gradually move over to blockchain based social media, social networking and social news sites. Therefore, Vuzbee is joining this new market at the right time and in the right placement.
One look at the average ICO post on Reddit says it all. Typically, the number of comments is limited and unless the project issues a token pre-ICO, there is no discussion at all. ICOs have to reach a new crowd on a new platform and Vuzbee may just be it.
And while there are blockchain based social media, social news and social networking projects on the horizon, I haven't come across a single one that describes itself as a Reddit-like platform.
What if Reddit creates its own cryptocurrency?
It doesn't look like they will even though it had been proposed in the past but the plan was cancelled for legal reasons.
What about Reddcoin?
Reddcoin is a social cryptocurrency but it is not attached to any single platform. It's social in the sense that it can be used anywhere, regardless of purpose.
Reddcoin is Not a Social Media Cryptocurrency
As a social cryptocurrency, Reddcoin can be transacted with anonymously via RedPay.me and email using Fiat currency. It can also be used to tip creators (or anyone else), pay for engagement, social networking, crowdfunding, etc. It's a peer-to-peer payment method and all it requires is a cell phone or an internet connection.
Telegram Tipping Bot
A Reddcointip bot exists and it can be found on Reddit. One way to use it is to create a Telegram group, post content and request RDD tips from your members. Learn more here:
A Quick Tutorial on How to Tip Reddcoin on Telegram : reddCoin
Proof of Stake Velocity Protocol
Reddcoin is a sub-cent POSV (proof of stake velocity protocol) cryptocurrency. This means that if you hold it in your wallet or in a staking pool, you are creating (minting) more coins, i.e. earning dividends, and you are incentivised to use it as well. It's currently gaining attention because the crypto market is recovering so the price can rise considerably in a matter of months. With an ATH (all time high) of $0.03 (1/7/2018) and a market cap of $253,889,461 (5/10/2018) it has growth potential even though it already (nearly) tripled since 4/1/2018.
Rumors & Speculation
There's been a rumor about a Binance listing a few months back. The rumor remains a rumor for now. Another rumor is an upcoming Reddcoin debit card and because it's a POSV coin, it may include cash back on certain purchases. True believers speculate that the RDD price may hit the $1 mark in a year or so.
If you’ve ever wished for a mutual fund type of investment within the crypto sphere know that your wish has come true!
CoinBundle is here and they’re offering up to $900 worth of tokens in exchange for your support. Spread the word and be ready to receive your CoinBundle (BNDL) tokens with which you’ll be able to purchase a bundle of cryptocurrencies during the upcoming beta.
It’s like having your own free money manager and a whale trade for your gain.
What’s a whale?
A whale in crypto is an individual or a group of investors with funds large enough to produce massive market waves. Whales create buy and sell walls in order to control the price, accumulate as many coins as possible and sell them at a favorable price.
The price is determined by the market which itself consists of buyers and sellers. Buyers and sellers set the price when they place their buy and sell orders. A whale or a group of whales place very large orders and thereby direct the price. Other, smaller investors follow the wave and the price goes in the direction set by the wave.
With CoinBundle, on the other hand, you are one of many investors simultaneously involved in a single trade.
Imagine the possibilities.
The CoinBundle ICO is set to start this quarter and launch in Q3 2018.
Toward the end of the year, BundleCards will be issued and tested. The BundleCard will include cashback and you’ll be able to make purchases with your cryptos as well as get ATM cash.
Speaking of cash…
You’ll be able to buy your cryptocurrency bundles with fiat (debit or credit card) as an alternative to the CoinBundle (BNDL) token. In other words, you can invest your cash and cash out. With CoinBundle you can purchase this crypto mutual fund with fiat money and cash out your gains back into fiat money.
A cryptocurrency investment for crypto skeptics
The explosive growth and subsequent drop of the crypto market cap back in late 2017 and early 2018, has turned many a hopeful noob (newbie) into a crypto skeptic. In order for a full crypto market recovery to take place and exceed ATH (All Time High), the crypto industry has to go mainstream.
Super affordable, super low risk and super simple crypto investment vehicles like those (soon to be) offered by CoinBundle present the ideal entry point for crypto skeptics and crypto newbies alike.
Time is money
Investing in crypto successfully requires a considerable amount of time and effort.
The crypto industry is evolving at a high pace. There’s an enormous amount of research that has to be done before even just the coin of the week, never mind the coin of the year can be discovered.
Different coins are listed on different exchanges. Signing up, transferring funds, determining the right time to invest, how much to sell for and when and if to change the order.
Diversification is a life saver
With the exception of gamblers, serious crypto traders diversify their investments as well as their investment strategies.
This means buying and selling multiple cryptocurrencies, doing the research, examining upcoming events and announcements and weighing in TA (technical analysis) and fundamentals (company, product/service, stage of development), all at the same time.
Oh, and call it a hobby if you’re merely building a portfolio as a side.
Let’s say that you are aware of all of the above, but wouldn’t mind having a few passive micro investments managed by professionals at no additional cost. All you’d have to do is make a deposit, set your preferences, let the gains roll in and cash out or go shopping with the card they give you.
It is common for crypto traders to pump a coin and by pumping I’m not referring to pump and dump schemes. Pumping a coin simply means promoting your investment on social media, including Twitter, Reddit and Telegram.
You want your investment to grow and you want it to grow fast so you chat with your circle about it. You let them know you’re invested and what the fuss is all about. The ones who did the research join in and the price rises over the following days, weeks or months.
The great thing about CoinBundle is that they’ll reward you for adding new investors to your bundle. You’ll earn CoinBundle (BNDL) tokens which you can use to buy more bundles, make purchases using the BundleCard or trade at an exchange.
The third decentralized social platform that caught my attention is called Presiam. It's a Facebook-like social media platform on a private Blockchain with a 50/50 Member ad revenue share.
The Facebook of crypto that pays crypto
The future success of social media lies in the industry's willingness to share revenues with their users. Let's face it. Profit producing social media companies are nothing but high traffic advertising platforms.
It could be said that advertisers are social media's bread and butter and yet this is only possible thanks to the millions of users who invest their time posting and sharing content, inviting friends, family, coworkers, and acquaintances to join and do the same. It's the ultimate viral marketing concept. It just seems that the ones who give the most, get the least and it is time to level the playing field.
In comes Presiam
A free social app with its own cryptocurrency (PRSM), built in wallet, exchange, staking, social profiles, groups, pages, user selected ads with a 50% revenue share, and even a referral program. Who could possibly ask for more?
Oh, and wait, you get to own your data as well. That's right. Your information and your content is yours to remove, delete, export, import, whatever.
You, as a user are a member and a publisher. You, just like Presiam and the advertisers and the investors, are there to make money and have fun while at it.
The Presium socal app
The PRSM token
The Presiam token, PRSM, is not an ERC20 token running on the Ethereum blockchain. Instead, PRSM has its own private proprietary blockchain. Typically, such a token would be a coin, but because of the extensive utility of PRSM, it is classified as a utility token.
The total global supply of the Presiam token - PRSM - is 600 million. While there is an ongoing bounty, the Presiam project is not an ICO. Instead, funds are allocated privately. You can find more on that toward the end of this article.
No ICO means no initial mass sell off. All revenue earned and shared are received and paid in PRSM.
PRSM price appreciation
PRSM is a POS (proof of stake) token. In order to make the most gains staking the token, it is necessary to hold as many tokens as possible. This means that you have to earn and or purchase as many tokens as possible in order to earn as much dividend as possible. Earning through staking, i.e. POS 'mining' is directly correlated to the amount of tokens you hold.
Selling PRSM or exchanging PRSM for other crypto therefore defeats the purpose.
More tokens held for staking means less tokens available for trading on exchanges, which also causes the price to rise or to remain stable. If the price rises over time, in addition to tokens earned through staking (and those earned through the ad revenue share program), your portfolio grows in value. Sharing this information with your network of friends and followers brings in additional earnings through, both, referral earnings and further price appreciation as more people buy PRSM.
The PRSM in app staking interface is a simple, set and forget feature. It includes options to mine while charging, mine using WiFi, auto transfer to in app PRSM wallet, etc.
PRSM wallet with a built in cryptocurrency exchange
This feature, together with the in app PRSM wallet, acts like a Coinomi or Changelly alternative because its integrated with ShapeShift. With ShapeShift you can exchange PRSM for 40 other cryptocurrencies, all within the Presiam app.
How will Presiam make money?
Through ads. Presiam as a company is an advertising platform specializing in highly targeted social media advertising. As members, we get a social media platform that pays us in multiple ways, while Presiam makes money selling advertising space to big and small advertisers. This, in addition to earnings from staking and referrals.
What is Presiam to a member?
It's a social media publishing platform in which you are the publisher and as such earn half the revenues generated by the advertising you choose to show to your audience.
What is Presiam to someone who is new to crypto?
An opportunity to enter the cryptocurrency market without spending a dime and build your crypto portfolio through simple social media participation. It's a place where you can learn about the crypto market and share what you have learned, ask questions, provide answers and network with like-minded people. With Presiam, you can earn while you learn.
What is Presiam to an investor?
The Presiam team is currently looking for private investors. The minimum investment is set at $5,000 and it buys you an ownership stake in the company (Presiam Management, LLC) and a certain amount of PRSM tokens. The funding goal is set at $1.2 million of which 20% have already been secured, according to the Presiam website.
What is Presiam to a content creator?
The Presiam mobile platform is the perfect tool for content creators. You can turn your social media profile on Presium into a niche/special interest micro blog and gradually grow it into a group or a brand page with a niche following. The income you generate with your selection of ads shown to your followers, along with the income from PRSM staking and referrals, make up a little business on the side for some extra cash or a long term investment.
What is Presiam to a marketer?
Presiam is a social media marketer's dream come true. Niche marketing perfected. Imagine an affiliate marketing platform with a social media platform attached to it and a 50% affiliate commission across the board. That's Presiam for you.
What is Presiam to a small advertiser?
Have you ever thought that you needed to spend more in order to successfully advertise your work, product or service? What if there was a platform that made it possible for you to earn your advertising budget before spending it? With Presiam you can make money by creating, posting and sharing your content first and then use those earnings to pay for your own promoted content.
What is Presiam to a big advertiser?
A constantly growing advertising space with hyper targeted ads shown to prospects who have have actively expressed an interest in what you have to offer. A type of market that will attract influencers and social media marketers who will support you in exchange for a fair compensation. You will pay for the advertising space and get the marketing for free.
Existing advertisers include Rackspace, GoPro, Hostgator, Luxcess, Niche Ad Network, Viola.ai, LunarPages, Lyft, WPcryptox, Advandate Dating Solutions, ShapeShift, Braziliex and StumpTown.