PlusOneCoin (PLUS1 Token): Blockchain Social Media Cryptocurrency?
What Is PlusOneCoin?
PlusOneCoin (PLUS1) is a blockchain-based social media application where content providers and platform owners on ADVFN and Investorshub have the opportunity to monetize their social media content, sites, and posts. Similarly, the cryptocurrency will enable the audience of the social media content to have more control over the social media content they consume.
Challenges PlusOneCoin Seeks To Address
Currently, it is challenging for content providers and the platform owners on the financial platform ADVFN and Investorshub to get more users to interact with their content. PlusOneCoin will address this challenge by merging social media with blockchain technology through the PLUS1 cryptocurrency.
The implementation of blockchain technology by the cryptocurrency will enable it reward online engagement and popular posts while at the same time identify users, comments, or likes made by bots similar to how blockchain is able to keep track of cryptocurrency transactions.
Additionally, the cryptocurrency will enable its owners to ‘+1’ (up-vote) social media content that they like such as posts on bulletin boards. An up vote to social media contents or posts will result in the creator receiving rewards in form of the PLUS1 and promotion of the content to other social media users.
How PlusOneCoin Blockchain Social Media Cryptocurrency Works
To begin using PlusOneCoin, users are required to download the Plus One Coin wallet to their computer. Once installed, users can mine the PLUS1 or purchase or trade the cryptocurrency via multiple exchanges.
Users will receive rewards for posts on their favorite websites. For example, if users like a comment made by a particular user and the comment becomes popular, the commenter will earn PlusOneCoin from their comments. The revenue stream will benefit the platform plus all those interacting on it.
PlusOneCoin PLUS1 Token Author Allocations
Most of the PlusOneCoin (PLUS1) is allocated to the authors of the contents and posts as a means of incentivizing them to create more high quality content. The remaining amount is distributed to the social media sites to encourage the publishers to support and enhance the social media community.
PlusOneCoin (PLUS1) is a social media validation cryptocurrency that is based on the Proof of Work (POW) algorithm and the ASIC-resistant blockchain. PlusOneCoin has more use cases than other cryptocurrencies in the market today. This, therefore, means that its value is guaranteed to increase in the future.
Social media users will be issued with a PlusOneCoin wallet containing the PLUS1, which they can use to pay for content, reward content providers or other users on the platform through up voting the content.
Easy To Use And Mine
Blockchain technology makes the coin minable via any personal computer since the PLUS1 wallet is compatible with both Mac and windows PCs. The coin is also easy to use as it is tradable among the token holders.
Managed By An Established Company
PlusOneCoin is managed by an already established company that is licensed and regulated by known stock exchanges, which validates its legitimacy.