DMUNITY Review: Ethereum Blockchain Social Media Curation Market?
Get Rewarded By Dmunity For Voting And Curating Content
Dmunity is a one-of-a-kind social media curation market that is based on the Ethereum network. Its developers describe it as a social platform that is driven by the economy. The platform users will be rewarded by the platform for posting and curating material that is relevant to its user community.
A platform user will be able to earn tokens for making contributions that are valuable to the community. Currently, there are three ways to earn tokens, which include:
It involves holding on to the tokens already in your possession. As a platform user, you will earn rewards in the form of tokens for being an active community member. The rewards are being described as dividends that will be dependent on the number of tokens that are already in your wallet.
This refers to curating the posts made by other community members. Curating of posts can be done by downvoting or upvoting a post that has been made by another community member.
Curating newer posts will earn you more tokens as opposed to curating posts that have been in the forum for a longer duration.
It refers to publishing new content that can be accessed by all the other community members. The total number of tokens that you will earn for publishing a new post will be based on the voting system.
Your tokens will depend on the number of downvotes or upvotes that your post receives.
Tokens Creation And Distribution
Tokens are created on an interval basis, e.g., daily basis, before being pooled into what is known as a Rewards Fund. The initial 50% of tokens present in the fund are handed out as dividends to all the current token holders.
The remaining 50% is then split between the people who curate and publish the posts. The publisher will be given 50% of the total reward, and the curators will receive the remaining amount. Their distribution is done in such a way that it gets to favor the early curators.
The tokens that are currently in your wallet represent your reputation in the curation and publishing community. This means that the more tokens that are in your possession, the more influence you will have in the voting system.
It is a factor that will ultimately determine the rewards dished out for each post. In addition, it will also determine how the post will rank or be viewed on the community website. People with many tokens, therefore, have a say on how posts get to be seen on the curation feed by the rest of the community.
Once tokens have been paid out from the Rewards Fund, you have to wait until they have matured before they can be sent to you. It typically takes three days for each post to mature. Once a post has matured, no votes can be cast. Currently, it is not possible to buy or sell the tokens, but this is a feature that is expected to be made available from September 14th, 2018.