At Cent, our mission is to enable anyone to make a creative income. We build tools to address the biggest challenges for creatives of all types: aggregating audience, managing distribution, retaining ownership of intellectual property, and monetization.
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This is really cool. Are you only going to make the payments via crypto or will you look to offer traditional bank payments?
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Really like the idea. Have some doubts about the monetization plan tho.
1) As more and more people seed an artist, and given that every previous seeder will get a cut of *all* the next seeders... how does that scale? Practical example: An artist has 100 seeders, the 101st person seeds 1$ - how much of that dollar reaches the artist? #PonziScheme?
2) Also, how much of each spot reaches the artist? Your site/FAQ never explains how the platform makes money. You need to keep the lights on and process also those payment transactions. Do artists pay you a monthly fee? Do you get a cut of all spots/seeds, like Patreon?
Can you clarify these doubts? Thanks :)
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Hunter
This week, we launch the next era of Cent. We've learned a lot over the past year and are super excited to finally get this out into the world.
A brief intro to how it works:
- Fans can "Seed" creators who they think will create more value in the future. Seeding is giving a set amount of money to a creator each month, and receiving a portion of all Seeds given after you. This gives the creator a monthly income and incentivizes early fans to share the creator's work.
- You can "Spot" any post on the network. This is simply a fun way to give 1 cent to the creator of a post to show you appreciate their work, and you can hit the Spot button as many times as you want.
1,000 Likes is 1,000 Likes. 1,000 Spots is $10.
Check out the site and please ask us any questions or leave any feedback here! We're currently working on adding some explanation videos to the site and they should be up shortly.
- Pavan, ¢
Honored to be on this journey with you guys. Cent is a very inspired use case of blockchain, and has never ceased to innovate. Really loving the refined focus and new design, making unique properties of the blockchain accessible to creators and fans globally - very excited for what's next! 🔥Congrats everyone!
New to Cent and upvoted. I like the intro video, and as a former YouTuber myself, I like the concept of shared income with the fans. Congrats on making the PH homepage!
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Hunter
@dndombe Thank you! That intro video was all @acmorreale. Let us know if you have any feedback or questions.
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Absolutely one of the most innovative apps on the planet right now. A major milestone for the newly forming internet of value.
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