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Summary of NPICK BLOCK
Overview
- NPICK BLOCK is a blockchain platform for social media services, solving problems of personal privacy, revenue sharing, and copyright.
- It utilizes NFT technology and NPICK token ecosystem to provide a standard social media platform.
Key Features
- Solves personal privacy problems using NFT by ERC-721/ERC-1155 protocol.
- Provides revenue sharing solution through SMART CONTRACT of NPICK token contracts.
- Solves copyright problem by guaranteeing content copyright and determining content value.
Growth and Expansion
- Plans to expand NPICK token and ecosystem to
About NPICK BLOCK: Empowering the Future of Blockchain Innovation
Introducing NPICK BLOCK: A Revolutionary Blockchain-Based Platform
1) About NPICK BLOCK
NPICK BLOCK is a revolutionary project operating in tandem with Npickple, a thriving mobile social media platform boasting 500,000 members in Korea (
http://npickple.com/
). This blockchain-based platform is specifically designed to address three pressing issues plaguing social media service platforms. Firstly, it tackles personal privacy concerns, such as forgery and falsification of accounts and creator content, by leveraging NFT technology via the ERC-721/ERC-1155 protocol. Secondly, it provides a revenue-sharing solution through the SMART CONTRACT of NPICK token contracts, thereby resolving the issue of fair compensation. Lastly, it guarantees the copyright of uploaded content and determines the value of each respective content, thereby resolving copyright disputes. By addressing these three key issues, NPICK BLOCK ensures that social media platform users are safeguarded and their legitimate rights and interests are protected. The NPICK token serves as both a measure of value and a method of compensation. Ultimately, NPICK BLOCK aims to establish a standardized social media platform ecosystem by expanding the NPICK token and integrating it with external social media platforms beyond Npickple. This will create opportunities for transparent economic value creation, benefiting platform operators, content providers, and platform users alike. Looking ahead, NPICK BLOCK plans to expand its business globally, incorporating various services and benefits for users through NFT technology and the NPICK token ecosystem.
2) The Evolution of a Social Media Platform Built on NPICK BLOCK – By integrating with diverse global social media platforms, NPICK BLOCK establishes itself as a standard platform, complete with platform-specific utility tokens on each platform, all anchored to the NPICK BLOCK main-net coin. – The NPICK BLOCK ecosystem, constructed upon NFT technology and a robust platform management system, presents an opportunity for content creators to reap economic benefits. – This, in turn, incentivizes more creators to participate, leading to an influx of content. The platform’s reasonable compensation system for creators and users fosters a rich environment, thereby creating a self-reinforcing cycle that drives further content creation and user engagement. – As content and traffic increase, the value of NPICK BLOCK is solidified, paving the way for business expansion opportunities. – As the ecosystem continues to flourish, the value of NPICK BLOCK platforms and tokens will experience sustained growth.
3) Token Economy – Leveraging blockchain technology, NPICK BLOCK ensures fairness among all stakeholders while utilizing NPICK Token to maintain a balanced ecosystem. Furthermore, it enables social media platform operators to allocate separate budgets for individual purchases. The system takes into account factors such as circulation volume and price-setting, allowing for dynamic pricing influenced by each platform’s unique characteristics.
The Circulating Supply of NPICK BLOCK: A Closer Look
1) At the time of network launch, the total supply of NPICK Tokens stands at 10,000,000,000, with no plans for additional issuance following the initial allocation. 2) A 60% allotment is designated for NPICK BLOCK verification (SNS blockchain platform), where it will be utilized for content providers’ and advertisers’ verification and compensation in conjunction with separate tokens for each SNS platform construction. Each SNS business operator will receive a separate budget allocation based on content circulation volume and influence. 3) The 10% PRE SALE supply was available from July 26, 2021, to August 21, 2021 (completed), with a target sale of 100 ETH (1,000,000,000 NPICK). 4) A 10% allocation is dedicated to the NPICK BLOCK MARKETING budget, with a maximum utilization period of 3 years. 5) Another 10% is allocated for NPICK BLOCK expansion and ecosystem development, also with a maximum utilization period of 3 years. 6) Finally, 10% is conditionally allotted to the NPICK BLOCK network creator and its teams.
Acquiring Npick Block (NPICK): A Comprehensive Guide
The NPICK token has successfully been listed and is now actively traded on Foblgate, a prominent Korean cryptocurrency exchange, as well as on UNISWAP.