Relevance Coin

1 billion free coins to improve relevance on the web

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#3 Product of the DayOctober 10, 2017

We're creating a new category—relevance—to let you discover, save, and read what's worth your attention. To make it happen, we're giving away 1 billion coins to early users for free and we'll buy them back later with our profits.

Product Hunters who join until October 13 start with 20 coins.

Reviews

  • Arin Basudoctor, professor environmental health
    Pros: 

    By connecting "monetisation" possibilities with "content" relevance, this is an unprecedented mix: nothing like this exists at the moment.

    Cons: 

    Yes, I think if they can allow coins for "minting" new & relevant information, rather than "give away", that would be great.

    I guess we will have to watch this space. The possibilities are endless and this is the first time a web service is linking the "linking" with "minting".

    Arin Basu has used this product for one day.
  • Pros: 

    Good stories based on my interests so far!

    Cons: 

    Could be improved by removing the bright red error bar that directs me to "Join the Discussion". At least allow it to be dismissed.

    Brings stories for me right to the new tab page in chrome. Options for each story are "Save (Public)", "Read Soon (Private)", or "Share". There's also a feature to have the article read to you, which is nice.

    Emmett Armstrong has used this product for one day.

Discussion

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Chris MessinaHunter@chrismessina · 🏆 PH Community Member of the Year!
Super excited about what my friend @dominikg is attempting here... You'd be forgiven for imagining that Refind is just the second coming of delicious united with the save-it-later goodness of Pocket and Instapaper... instead, he wants to start with those services and then build a platform to reward those contributors who find, curate, and share the best content on the web. It's a bold new inventive take on the coin offering model... and one that I think is extremely well timed (especially considering Twitter's possible addition of a "Save for Later" feature!). If you still need an invite to Refind, you can have one of mine!
Nils Hitze@gentlemannerd
@chrismessina very excited too! Rock it @dominikg
Adithya Shreshti@adithya · Founder of Startuposphere | Knowmad Life
@chrismessina @dominikg Quick question: What was the inspiration behind this idea of Relevance coins/Virtual currency/credit system. Were you inspired by Quora Credits? What happens after the 1 Billion coin limit is crossed? Does this basically work as a quality control system after a period of time? Or is that the case from the beginning? Nevertheless, a great idea and implementation.
Dominik GrolimundMaker@dominikg · Founder Refind
@chrismessina @adithya Thanks for the questions. I haven't heard of Quora Credits, but I'm planning to write the back story of this announcement at some point.
Adithya Shreshti@adithya · Founder of Startuposphere | Knowmad Life
@chrismessina @dominikg Great, looking forward to read it. Also there's one more - Steemit (https://steemit.com) that incentivizes content. I am not sure how Product Hunt misses featuring few 'wonderful' products: https://www.producthunt.com/post... but that was months ago. Please do share your perspective/thoughts on 'Blockchain for Content' 😀
Ross Currie@rossdcurrie · Founder, CrowdLoot
@chrismessina @dominikg @adithya I really liked the idea behind Steemit, which seems to operate on similar principles, but found it fell down in two key areas: 1) Almost all of the popularised content posted to Steemit is about blockchain, or about Steemit itself 2) Because of the monetary incentive, we're seeing the sort of lame comments that bots write on Instagram posts - a whole bunch of "Great post!" comment spam in the hope that someone with steem power upvotes your comment and you earn some Steem. From a quick glance, it looks like you might have solved the first issue (reminds me a bit of Nuzzel in the way content is recommended), and have a wider breadth of content, but I'm curious as to how you are tackling the second issue... or if it's even an issue, given the way your platform works.
Dominik GrolimundMaker@dominikg · Founder Refind
Two years ago we started our journey here on Product Hunt. We've reached product-market fit, Refind is used by thousands of engaged users and it's growing. But now we want to accelerate growth, so we're making a big announcement today: we're giving away 1 billion coins to early users for free. At a later point, we'll buy them back with our profits. It's the world's first token-based referral and buyback program. We think it's a better alternative to ICOs for startups who are not looking for funding but who want to grow the network instead—millions of users instead of millions of dollars. Product Hunters are invited to join for the next three days and will get 20 coins to start (like if they were invited by another user). This also applies to Product Hunters who joined previously. After three days, we'll go back to invite-only. You can get more coins by inviting your friends (20 coins per signup). 1. Read the announcement: http://relevance.community?ref=p... 2. Sign up and get 20 coins: https://refind.com?ref=producthunt Thanks for your interest! I'll be around here and on Twitter (https://twitter.com/dominikg) for questions all day.
Michael Musgrove@mbmusgrove · Marketing guy.
@dominikg This is a really imaginative idea. I've been using Refind and enjoying it for a while, and it just keeps getting better with the more people that get on board. Godspeed.
Michael Musgrove@mbmusgrove · Marketing guy.
@dominikg I'm getting a 404 on the https://refind.com/i/wallet page, fyi.
Dominik GrolimundMaker@dominikg · Founder Refind
@mbmusgrove Releasing just now. Please try again in 2 minutes.
Dominik GrolimundMaker@dominikg · Founder Refind
@mbmusgrove That's great to hear, thanks!
Dominik GrolimundMaker@dominikg · Founder Refind
@mbmusgrove Does it work now?
Martijn de Kuijper@mdekuijper · Founder at Revue
It's insane how fast @dominikg is pushing out new, high quality stuff. Really impressed again!
Dominik GrolimundMaker@dominikg · Founder Refind
@mdekuijper Thanks!
Hɘlmi@helmi
I've been on Refind for quite a while now and am trying to convince people to use it for mostly the same while now. It's just an awesome product to use. After dipping my toes into blockchain technology too now for some months it's awesome to see @dominikg and his team go this route now. I'm so excited and am very curious to see how this is turning out While i'm quite sure it will be awesome. Good job, @dominikg – this should help you getting Refind to even more fame.
Dominik GrolimundMaker@dominikg · Founder Refind
@helmi Thanks, also for all your help in the past!
Damien Van Achter@davanac · lab.davanac
Well done @dominikg ! Really impressive and damned well played. Why not adding the possibility to mine "relevance coin" in javascript when someone read a link "refinded" ?
Dominik GrolimundMaker@dominikg · Founder Refind
@davanac Thanks! We have some more ideas for the Relevance Coin. Stay tuned! :)