The biggest draw of blockchain technology has always been its ability to facilitate the spread and tracking of information. Even the very beginnings of cryptocurrencies with Bitcoin came as a response to the increasing public need for a way to publicly and immutably store information out of the hands of centralized authorities.
It should come as no surprise, then, that hundreds of startups have taken the information principles of the blockchain and converted them into viable applications.
What Is AllSpark?
AllSpark is one such organization. They have worked to attempt to create an “ecological public chain” which seeks to reshape and change the way we view and value information all over the world. The main draw of the AllSpark system comes from its ability to assign somewhat legitimate value to the transfer of information. This is done by incentivizing content creators to make content that will be seen and enjoyed by more people.
But there’s more to the AllSpark proposition than simply motivating writers to create popular pieces. The company seeks to integrate a sophisticated chain of action in order to jump start what many see as an evolving economy of information.
The company is currently raising money for this venture using an ICO, or Initial Coin Offering. Consequently, it is important that potential investors understand not only the details surrounding this cryptocurrency crowdfunding process, but also the main features and components which help to characterize the application being created by the startup.
How AllSpark Blockchain Content Sharing & Social Media Works
Content creators can sign up to produce their work on the native AllSpark blockchain community. Once they do, they will be able to connect with fans, spreading their message to everyone that chooses to regularly check the creator’s page.
When a consumer sees a bit of information they might be interested in, such as a song, an article, or an academic piece, they can then pay using the company’s tokens to gain access and download the creation.
When a consumer sees something they like and share it with others, they are incentivized as well. This is because users who share information to those who then download the information are paid dividends, or small percentages, of the fees collected from the sale.
Finally, big fans of particular content creators can incentivize their favorite artists to create more by directly sending tokens to the creators.
Obviously, the main goal of this system is to incentivize everyone involved to further participation in the information economy. The use of tokens takes the transactions out of the hands of traditional entities such as record labels, major retailers, or art salesman, just to name a few. Instead, content creators and their fans interact directly and are motivated to spread their message as far and wide as possible.
But it isn’t just the artists that stand to benefit from incentivized creation on the AllSpark blockchain. Additionally, the site elaborate to say that restaurants and other benefits can post on the site to prompt creators such as artists and writers to make content that promotes their business. Then, the writers who pick up the task can then enter a blockchain smart contract that pays the writer for their work relative to the promotional success of the piece.
Finally, designers of promotional materials such as clothing brands can advertise and be paid for the productiveness of their creation on the application.
AllSpark ASK Token ICO Details
Parameters Of The ICO
- Token Symbol: ASK
- Token Sale Date: 07/23/18 – 08/15/18
- Token Price: 3000 ASK = 1 ETH
- Accepted Payment Method: ETH
- Total Supply: 300,000,000
- Hard Cap: 120,000,000