At present, the major problems faced by the story industry are illegal copying of ideas and content, publishing of illegal content, profit sharing issues and lack of rewards for contributors. Content and ideas are copied from the original source, without the owner even knowing, and is published on different forums to earn illegal revenues. On the other hand, content creators have failed to get the actual compensation for their work as the profit sharing structures still remain mismanaged. Similarly, whenever readers read a content, share their reviews with the writer and other readers and suggest other readers to read that content, they should be rewarded for the contribution. Previously, the industry was not able to collect reliable data to reward such contributions. Due to all these issues, most people prefer to trade their story assets through offline mediums in order to assure trust.
Content creators and story writers remain underrated for their efforts and work. They are unable to truly value their content as they are unaware of the fact that well-organized and structured narratives generate greater values. This problem arises specifically for the non-professional writers as their efforts can be easily undermined and remain underpaid or not paid at all. Till now, no such online platform existed that would facilitate the non-professional writers in a way to polish their skills and value their work honestly.
Storichain will ensure that it systematically measures the contributions made towards a story in a manner that the system records who, when and how of the contribution. It will prove the value of the creators’ efforts by analyzing each creators’ contributions to the story in the case of collaborations. This data is defined as the “Activity Metrics” and will be used to distribute the profits generated by the story. This data can not be altered as it will exist on blockchain. Implementing blockchain technology saves costs and time for story writers and contributors, removes the need for a third party interference and also ensures honest reward and profit distribution.
Token Allocation & Distribution
Storichain utility token is named as TORI. All on chain transactions/funding will be done using TORI. It is an Ethereum ERC-20 token. It has high utility and value within the ecosystem and can be used for various services and can allow owners to buy digital items and voting right within the network. This token can be bought from a listed exchange and can be utilized in the Storichain dApp.
Coin Statistics are as follow
- Initial Supply: 4,000,000,000 TORI (4 billion token issued initially)
- 1 TORI = around 0.0034~0.0035USD
Sale:
- Initial Sale 15% 600,000,000
- Sale B 10% 420,000,000
- Sale C 9% 360,000,000
Storichain aims to implement smart contracts inorder to code the terms of the contract between the content creator and the distributor and to review whether the terms have been fulfilled or not. In conclusion, Storichain is a story creation and consumption platform that is based on blockchain and is a collection of protocols for the contracts. This idea needs alot of input before it can actually be implemented.
Visit link below about Storichain
Website: https://storichain.io/
Whitepaper: https://drive.google.com/drive/folders/1s902dyb4msuSu4dcg-9tlqE8vVcxC2Kb
Bounty BTT: https://bitcointalk.org/index.php?topic=5158251.0
Twitter: https://twitter.com/storichain
Facebook: https://www.facebook.com/storichain
Medium: https://medium.com/storichain
Telegram: https://t.me/storichain_en
Author
Bitcointalk username is maman567
Bitcointalk Profile link https://bitcointalk.org/index.php?action=profile;u=1560241
Eth address 0x3eE31C3E9B22c493A3B31e06Aed5a7183843BE3E