Currently social media works on a centralised architecture in which users are provided with a 'free' service in exchange for being fed advertisements and 'sponsored' posts in relation to the content they are posting, viewing and searching for online. However this centralised approach to your personal life comes with it's downsides, for instance Facebook has recently come to light in the news for selling users data to intrusive advertising companies (Source: The Facebook Cambridge Analytica scandal)
This is where TTC are stepping in to create a decentralised social media platform, with it's inbuilt TTC token, not only will users have a piece of mind knowing that they are in charge of their data and content, but the TTC platform will also reward users for participating in content, generating, liking and sharing, interacting with others are all rewarded in TTC tokens, which together with the decentralisation creates a highly rewarding and dynamic user experience for all those who are involved in the platform.
The unique aspect about the TTC platform is that by combining the TTC Protocol’s token based incentive mechanism together with the distribution of user-generated content such as like's and shares, articles published and posts, the TTC Protocol itself is led by each end user. On top of this, as the userbase of the project increases overtime, so does the value of the TTC protocol it's built upon, as a result, increasing the price of the TTC token which users earn for their content.
The image above compares the difference between the two types of platforms. A centralised system is based around the platform controlling the distribution of the content, and serving adverts to it's users, and as a result it's the platform that benefits from the users content they post and generate. On the other hand we have the decentralised system, this platform is built around the users, it's them who decide which content is worth seeing, and it's the users who benefit the most from the platform.
Earning tokens
Now that you have a brief understanding on what the TTC protocol project are trying to achieve, along with the benefits of a decentralised social media platform versus the standard centralised system that most people use, lets take a look at the ways in which posting your content on the TTC platform can you earn TTC tokens. The main reason why you can earn for your content, is to not only encourage the posting of more high quality content as users compete for the user-base to like/share their content, but it also acts as an incentive and facilitates the growth of the platform as more and more people want to get involved and start earning their share of the tokens.
According to the TTC whitepaper, there are currently three main ways in which you can earn tokens on the platform, they are as follows:
Proactive users
Every user in the network is a stakeholder, which contributes to a shared belief that contributions matter. Users will participate proactively as their contributions are clearly and fairly recognised and rewarded.
Healthy atmosphere
Content aligned with the core values of the network gets highly rewarded. This creates a self-sustaining cycle where users are encouraged to create content that strengthens the network.
Exponential growth
As the network grows, it increases the value of the network, which in turn increases the value of the incentives. Not only does this make incentives more attractive to users, it also builds public awareness about the network.
if you'd like to know about the project, you can find their social media channels below. If you'd like to read more into the project, the technical aspect or just want a more detailed overview, you'll also find a link to the whitepaper.
Whitepaper: https://d1u6eqogwsdivn.cloudfront.net/whitepaper/TTC_Whitepaper_EN.pdf
Website: https://www.ttc.eco/
Twitter: http://www.twitter.com/ttceco
Medium blog: https://medium.com/ttc-official-blog
Facebook Page: http://www.facebook.com/ttceco
That is pretty smart to have a way or incentive for people to generate content. I mean social media as it is now is super closed and you get nothing for publishing your data.
Yep a way to give back to content creators is really whats needed in a direct manner that way even small publishers can get rewarded right now it seems the select few make it big and everyone else is just screwed how the market is currently setup
I believ a lot of people will get involve eith ttc mostly because of the incentive
I for one would not say no to rewards to showing off lol. I think it is a given people will be sharing content and if you have an incentive in place you are increasing acceptance rate
Some who have claim to have such system ended up being pyramid schemes
actually those who claim to build an incentive social platform even though it's centralized turned out to be pyramid schemes
There's a shift in paradigm with TTC users Will surely be rewarded for their input on a platform.
Going to be awesome to fully be in charge of your own data and to earn incentives to be on the platform, honestly facebook is just becoming a chore to use
I suspect fb to react accordingly on hearing about this project cause it's going to be a huge competitor.
This will be a tough competition for Facebook. Hope they meet the standards.
You're right, knowing that one gets paid for something brings out the creativity that lurks within the individual, so this will surely boost the social network platform
I like the idea that market relations can be developed in any ecosystem, making the incentive for ecosystem itself to grow and give more food for this relations.
I think the fact you can earn from posts/actions will really propel this project forwards.
That's what i'm thinking, it's one thing getting a user base but retaining is another and if you're rewarding you stand a better chance
Yeah... Users have to earn enough and see the worth of earning. I believe ttc will do a good job.
very interesting point is that the value of incentives increases as the network grows. So the users come by themselves
I likened this to the way referrals works you get paid when you refer someone only that this is better, you equally get paid ehen you use the platform
Exactly, creating that robust environment that the industry need and you don't have to bother about anyone making money off your sweat, the money goes to the user
Directly! No middle men or chance of getting ripped off but a direct person to person ability to reward for content, that way even small media personalities have a chance to earn off of their posting and sharing
Yeah, one literally see how his/her input help boost a platform which gives users a sense of commitment.
one very important feature of TTC is the fact that it safes guard our data from those who may have a fraudulent or even genuine intention giving us power over what we allow
It helps restore ownership rights to the users. Giving them full control over what's theirs
Yep, some social networks today just give us only a visibility of data confidentiality management instead of real control what we allow to make public and what we do not.
Like ive said before given all the security breaches of fortune 500 companies in the last 5 years, i'm ready for a change hopefully this form of public security on chain will prove to be better option longterm
ttc airdrop：http://shareplus-ft.tataufo.com/airdrop/