INCREASE KNOWLEDGE THROUGH BOOKS AND SHARE INFORMATION.
Middlemen are in trouble with the advent of blockchain technology.
Yes, you book publishers.
They deny authors to tap directly into the readership market and gain maximum profits. Gilgamesh seeks to connect the two all for the benefit us gaining more knowledge and sharpening our intellect.
A brainchild of Skiral Inc., the Gilgamesh platform is a social network that uses the power and authority people gain as social influencers to increase in-depth knowledge through reading books and sharing information. Goodreads is a close competitor to the Gilgamesh platform, however, Goodreads static platform only allows users to leave reviews on a book’s page without opportunity to connect with the author. Goodreads does not offer an incentive to users to bring in new readers or increase user engagement.
To bridge this gap, the Gilgamesh platform makes reading books and sharing knowledge fun through an incentivized social platform that rewards active participants with Gilgamesh Tokens
(GIL) based on their level of participation and value on the platform by using smart contracts on the Ethereum blockchain. The use of the Ethereum network & IPFS allows the Gilgamesh platform to securely store critical information such as user information, token distribution, and book files on the blockchain. The collection of tokens fuels the Gilgamesh platform organically because they incentivize productive engagements for readers, authors, and critics, and encourage users to read more books and be more active on the application in order to gain more knowledge and earn more tokens.
The Gilgamesh platform engages a native and flexible utility token that is unique to the platform by using the Ethereum ERC20 standard token which users will earn on the platform and spend on goods and services offered, or voting on the future of the platform. Users will earn tokens for actively participating in the platform through social engagement, creating useful content, or providing a service. The tokens earned can be saved to earn governing influence on the platform, purchase books, audiobooks, eBooks, or publishing services.
Authors in particular will benefit from the Gilgamesh platform because each token earned can be spent on platform publishing services, advertising or donating to charity. The platform will also serve to connect authors with book designers, copy editors, distributors, copyright lawyers, and printing service providers who can be paid through the platform using Gilgamesh tokens.
Users earn GIL tokens on the platform based on their contribution on the platform. For example, users can write a review of a book to earn GIL, when other users “like” or share the review, the original poster will receive GIL tokens a reward for creating quality content that engaged the platform users.
Each contribution organically grows the Gilgamesh platform. Users can spend GIL tokens on books, or save GIL tokens for governance. Authors earn GIL tokens when they gain fans, receive positive book reviews and a high star rating, and through book sales made through the platform. It is important for authors to be actively engaged with their fans to encourage reviews and book sales. Authors can spend GIL tokens on book advertisements on the platform or self-publishing services, such as copy editors, book layout designers, copyright lawyers, printing services and distribution.
The Gilgamesh platform will earn revenue through three main resources:
1. advertisements by authors or service providers,
2. a service fee for services garnered between author and self-publishing service providers,
3. commission from book, eBook, and audiobook purchases readers make on the platform.
GIL tokenholders consist of token purchasers who purchase GIL during the token sale, service providers, platform users (authors, readers, and critics), and the Gilgamesh team.
All token-holders can stake tokens in the Gilgamesh platform to vote and propose new ideas, initiatives, or fee schedules on the Gilgamesh platform. As a result, the Gilgamesh platform will ultimately be designed based on the token-holder’s vote.
Published at Wed, 09 Oct 2019 12:27:38 +0000
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