Wordcoin is a decentralized marketplace and digital currency that writers can use to market themselves online. Find out how it works today in our review.
What Is Wordcoin?
Wordcoin, found online at Wordcoin.io, is an international decentralized exchange where translators, content writers, social media marketers, and other writers can exchange their work in exchange for Wordcoin digital tokens.
The company aims to get a slice of the freelance writing marketplace – a marketplace they claim is worth up to $250 billion a year.
Marketers can use the platform to find writers to meet their needs, while writers can use the platform to sell their services to the top marketing firms and individuals.
The Wordcoin pre-ICO launched on September 27. The ICO is taking place throughout September, October, and November.
How Does Wordcoin Work?
Wordcoin aims to combine the most popular writing services into one convenient platform and marketplace. Anyone can use the digital currency – Wordcoins – to make transactions in that marketplace.
Here’s the basic process on how it works:
- Step 1) Order Creation: A client makes an order for an article that needs to be written, or content that needs to be translated
- Step 2) Order Fulfilment: A copywriter or content writer composes the article, then delivers a product that meets the client’s needs
- Step 3) Proofreading and Editing: A proofreader checks the content and makes any required stylistic changes or edits
A marketing firm or individual can use this service for copywriting, translation, and editing by writers around the world. Some articles might be designed for lifestyle blogs, while others are designed for the SEO and SMM spheres.
Wordcoin promises to offer all of the following features:
Wordcoin has a built-in reputation and rating system based on the price-quality principle. Marketing firms can choose the best writer for their specific budget.
Wordcoin offers multi-language support service 24 hours a day, 7 days a week.
Wordcoin aims to connect people with writers anywhere in the world at a minimal cost.
The market sets the price of each writer’s work, which ensures firms are paying the optimal rate for whatever content or translation services they need.
Wordcoin aims to be a one stop shop for all writing needs.
Safety, Security, And Transparency:
All transactions in the Wordcoin marketplace are written onto the blockchain for maximum security, transparency, and immutability.
Wordcoin is catering the platform to a wide range of parties. Companies can order and promote content for their corporate website or a separate brand, for example, while people can access social media marketing and reputation management services. Venues can use it to promote an upcoming event, while ICOs can launch PR campaigns using the team of writers available over the platform.
Multiple Job Opportunities:
Writers, content writers, copywriters, translators, social media marketers, and search engine marketing professionals can all use Wordcoin to maximize profits and access new money-making opportunities. It’s another platform they can use to market their services online,.
Available In Multiple Countries:
So far, the Wordcoin website has identified the UK, the United States, India, Australia, Canada, Ireland, New Zealand, and South Africa as specific targeted countries. It’s unclear if these countries are being specifically targeted by the platform, or if the platform plans to launch internationally, and it’s using these countries as examples (however, the platform does appear to cater to an English-speaking marketplace initially, which is why these countries are specifically mentioned).
Technical Features Of Wordcoin
Wordcoin uses all of the following technologies to power the platform:
- Blockchain: Wordcoin uses blockchain technology and smart contracts to conduct all financial transactions over the platform.
- API: Wordcoin is built to integrate with other services and applications through open APIs.
- Big Data: Wordcoin promises to analyze large amounts of user data and rating systems while constantly monitoring posted information to provide big data services.
- SSL Encryption: All data sent and received over the Wordcoin network is SSL encrypted.
- Artificial Neural Networks: Wordcoin uses AI technology to analyze text, eliminating low-quality content writing work. This is expected to reduce the influence of bots and word spinners on the platform. Someone won’t be able to just plagiarize someone else’s content, rewrite it in a specific way, then post it onto Wordcoin for easy money.
The Wordcoin ICO
The developers are selling 2 million Wordcoin during the pre-ICO, which is scheduled from September 7 to October 4.
They’re releasing 5 million Wordcoin during the main ICO, with bonuses of 5 to 20% available throughout the sale.
The developers have also scheduled a post-ICO, when they plan to use 500,000 Wordcoin to attract authors to the platform, another 500,000 tokens to attract partner sites, and 900,000 tokens to add new demanded services. A further 500,000 tokens are given to the organizers, with 500,000 dedicated to bounties.
The company claims that investors can expect growth due to the enormous international market of freelance writers. They also claim they’ve already had 7 to 12% profit in the first month (although this appears to be based on the pre-ICO price as compared to the general ICO price).
Who’s Behind Wordcoin?
The idea for Wordcoin first launched in 2010. The development team launched a similar product in the Russian market (without blockchain technology) in 2011, and operated that platform until 2017. Earlier this year, they realized the benefits of blockchain technology and decided to launch a crowdfunding campaign through an ICO.
Between November 2017 and February 2018, Wordcoin plans to launch the platform in beta form, with the final public launch scheduled for May 2018.
Key members of the team include Founder and CEO Pavel Burtsev and Co-Founder Dimitry Kotov. The development team is based in Russia.
Wordcoin is a freelance writing platform that aims to attract social media marketers, copywriters, and content writers to a decentralized, blockchain-based marketplace where firms can gather to purchase writing-related work. The development team has run a similar platform in Russia between 2011 and 2017. With Wordcoin, they’re seeking to bring that platform into a decentralized environment.
To learn more about Wordcoin and the ICO, visit Wordcoin.io today.