The Los Angeles-based startup team Ideamarket has launched a project that is a marketplace for monetizing trust in content authors.
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Description of the Ideamarket project
The Ideamarket team has suggested evaluating content creators using investments. The platform itself is built on top of Ethereum. Ideamarket functions the same way as Reddit in much, where people can advertise various media brands, journalists and indeed any post they think has credibility on the Internet. But instead of having no value like an upvote, Ideamarket allows users to buy tokens (think of it as promotions) from a social media account they deem valuable and reputable.
Features of this platform:
| Firstly | The system is based on the presentation of each account as an object with a certain trust score. |
| Secondly | Platform users can buy tokens that reflect the value of the account. The more credibility the author has, the higher his “shares” on the site are. |
| Thirdly | You can earn money, using the system through the purchase and timely sale of tokens. The users of the project themselves can offer accounts that can be monetized in this way. |
This approach, according to representatives of Ideamarket, stimulates the fight against inaccurate information in the media. At the same time, only public figures are represented in the platform tops at the time of publication of the news. For example, the Twitter accounts of Elon Musk and Joe Rogan.
The first 1000 tokens for each listing were worth $0.10 each. The token price is automatically increased by $ 0.01 for every 100 subsequently purchased tokens, driven by the gluing curve algorithm. You can list any account (even @elonmusk) if not already listed. If you add an account, owned by someone else, interest will be charged to their wallet after purchase and they can claim it at any time.
Additional information
The site has an “About” section, which serves as a WhitePaper document. With its help, you can learn more about the project and find out about the features of its use.
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