Quality Leads The Way
I can definitely say that as I have spent time trying out different blockchain powered social media platforms, Publish0x has come out tops in my opinion. Many platforms seem rather unclear on their mission, approach and architecture. You find that the rules and regulations are ever changing.
Some may argue that this is a new industry, a new idea and it needs space to breathe and find it's feet. Sure, then explain why Publish0x have nailed it from the beginning? The one thing I love about Publish0x is that you know exactly where you stand and what to expect from day to day. The platform is very consistent and free from constant adjustments that seem to plague other platforms.
I think the fact that Publish0x is truly agnostic is more of a blessing than many realize!
Let's Look At Uptrennd
Uptrennd recently had a change to their monetizing structure, a change they are referring to as a halving. Firstly it's not a 50% cut from the existing structure but rather 55%, which is pretty massive by any means. The narrative that is being spun by the Uptrennd elites is that the value of the token will see a dramatic rise and compensate for any loss of revenue to content creators.
Secondly you cannot just cut whatsoever you wish in half and then refer to the BTC halving as a comparison. There are a number of factors that come together to actually make the BTC halving effective and successful. Perhaps this is why the 1UP token continues to dump? As I write this 1UP is currently down over 8% for the day, while LBC is up around 4%. LBC is the native token of the video sharing app LBRY. The majority of the Top 10 Cryptos are up approximately 2% and appear to be climbing.
Thirdly, Uptrennd executed a premine of 1 billion tokens that they are openly admitting to make use of to pay users when they request a payout. The screenshot below is from the Uptrennd "how it works" page.
So, the tokens used to pay members are the result of a premine... Where does this leave all the ad revenue? Most platforms will share ad revenue with users. Uptrennd have openly confessed to using free coins to pay users while they pocket all the advertising revenue. To ensure their 1 biliion tokens last longer, users can now enjoy a halving and chase the carrot to make up for the 55% reduction in revenue they have just been subjected to.
The strangest thing is that many users just suck up this kind of treatment. As I said, the agnostic approach of Publish0x actually puts them in a very strong position, while platforms like Uptrennd continue to appear scammy and not very ethical. I am not saying Uptrennd is a scam, what I am saying is it does not appear to have a very sound model at all! This will at some time or another be interpreted as a scam by certain users, or potential users.
Interesting to note that after pointing out these dynamics in a chat, my content was hit by a shadow ban. My first post after this interaction does not even appear in my profile feed, or the community it is posted in? To view it I have to access it through my back office. It received a total of approximately 14 views, where my posts usually see around 1200 views.
What about Other Platforms And Their Tokens?
When you examine LBRY, which also has a native platform token, the story is rather different. Over the last 3 months LBC has soared hundreds of percent, while 1UP continues to move sideways with a negative bias. Examine the daily chart for LBC below, from approximately 130 sats to almost 700 sats! Currently sitting at approximately 377 sats, which is still a decent price increase.
As I have mentioned before, I believe that short term LBC will rise significantly. However, their model is not the greatest either and without certain changes over the next 2 years or so I don't see it going very far long-term. If they choose to make a few significant changes over time, it has a shot of being a real heavy weight in the space. I guess we wait and see what the team does.
Publish0x Ensuring Quality By Design
Comments on Uptrennd are monetized as well as actual content. This invites a flood of absolute spam in the comments feed. Complete nonsense, for the most part as users hunt for upvotes from creators and other users.
Publish0x have taken a different approach in an attempt to secure the quality of the content on their platform... Comments are in no ways monetized and as such invite users to interact legitimately and honestly. Well done to Publish0x for being the best platform I have come across thus far.
If you are an author or content creator, I would encourage you to give Publish0x a shot! Register your Publish0x account and take a journey through some of the best Crypto content!
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