LikeCoin

LikeCoin

Created using Figma
Created using Figma

Last Update

Apr 18, 2018

LIKE COIN is crypto currencies that reinvest the like and help users generate the income from its extensive use. The platform is reinvest the like enabling the content creators to get rewards from their creation in different social media platform.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Liquid
    LIKE/ETH 43 minutes ago
    $ 0.0038
    $ 200.91
    0.20%
    -99.15%
  • BitAsset
    LIKE/TWD 2 hours ago
    $ 0.0043
    $ 0.2089
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  • BitAsset
    LIKE/BTC 12 hours ago
    -
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  • Idex
    LIKE/ETH one day ago
    $ 0.0035
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  • Liquid
    LIKE/BTC 2 days ago
    $ 0.0023
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  • Tideal
    LIKE/ETH 3 days ago
    $ 0.0049
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    -
  • Tidebit
    LIKE/HKX 12 days ago
    $ 0.0009
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  • Liquid
    LIKE/QASH 26 days ago
    $ 0.0019
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  • TokenJar
    LIKE/WETH 2 months ago
    -
    -
    -
    -
  • Uniswap
    LIKE/ETH 2 months ago
    $ 0.0037
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    -
    -
  • Waves Platform
    LIKE/USD 3 months ago
    -
    -
    -
    -
  • Waves Platform
    LIKE/ETH 3 months ago
    -
    -
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  • Waves Platform
    LIKE/BTC 3 months ago
    -
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    -
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  • Waves Platform
    LIKE/WAVES 5 months ago
    -
    -
    -
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  • Liquid (Quoine)
    LIKE/ETH 7 months ago
    $ 0.0016
    $ 40.339 K
    3.23%
    -46.13%
  • Liquid (Quoine)
    LIKE/BTC 7 months ago
    $ 0.0016
    $ 35.821 K
    5.94%
    -12.77%
  • Liquid (Quoine)
    LIKE/QASH 7 months ago
    $ 0.0012
    -
    -
    -
LikeCoin token sale
May 7, 2018
May 21, 2018
100% completed
$1 200 000
16 K
cap
goal
57% goal completed
Goal 2 100 000.00 USD
Cap 6 300 000.00 USD
past
  • 1 LIKE
    =
    0.78 USD
Token Details
Ticker
LIKE
Accepted Currencies
ETH
Additional Details
Platform
Ehtereum
KYC
Yes
Categories
Media, Entertainment, Art

About LikeCoin

In the Internet, rewards and creativity have been decoupled for long. This is especially true for independent content creators and freelancers. In the early days of the Internet, indies made money by selling their works online. All technical aspects of the Internet are now dramatically improved, yet the revenue model is not. In fact, it is worse. Content creators are not getting incomes but Likes. While some can take freelance projects and advertising jobs, such model is rather indirect. LikeCoin protocol is thus designed to monetise creative contents directly, so that creators can focus on creating great contents rather than selling or looking for business models. As technology evolves, everyone with a smartphone is a content creator of some sort. In particular, some photos taken by smartphones may have quality and resolution as high as single-lens reflex cameras. The crowds of freelance content creators and citizen journalists are huge and the market demand is extremely high. Once rewards and creativity are realigned, an explosive potential will be unlocked.

 

Features

The major features of the LikeCoin projects are: LikeRank algorithm, the new Like button, the Proof of Creativity by content fingerprint and footprint.  

While blockchain miners usually understand mining as solving a mathematical problem, it does not have to be the case. With a focus on rewarding content creators, LikeCoin measures the importance of creative contents, i.e. creativity, and allows content creators to mine LikeCoin with their creative contents. We call the mechanism proof of creativity, or PoC. PoC defines creativity in two dimensions: 1. The higher the LikeRank of a creative content is, the more creative it is. 2. The more Likes a creative content receives, the more creative it is. A creators pool of 1bil, which accounts for 50% of total number of LikeCoin tokens in the long run, is reserved as the mining pool. At each day t, x LikeCoin will be minted from creators pool for distribution to content creators.

Our POC is accessible at https://meme.like.co.  Details will be discussed in the technical info session.

Technical Info

LikeCoin creates unique fingerprints for creative contents and traces footprints of all derivative works along with content creator and service provider of them. Further than that, LikeCoin incentivises attribution and cross-application collaboration with Proof of Creativity mechanism.

The cornerstone of LikeCoin protocol is a global, decentralised and resilient creative content library on IPFS.

A LikeCoin service provider plays one or more roles among original creator, content adopter and content distributor. Original creators curate creative contents and record the data on blockchain for other content creators to use. The content creator and the
service provider both get LikeCoin as an incentive when a content is Liked or Super-liked (see LikeCoin Mining Protocol). Two major original creators funded by LikeCoin Foundation will be puttyimages, an open stock image DApp (decentralized application)
and blogchain.md, a blogging DApp which records each post on a LikeCoin smart contract. A content distributor, on the other hand, displays or plays the creative contents in the LikeCoin ecosystem.

Each original creator and content adopter runs her own IPFS node and is responsible
for pinning all the files she curates from content creators so they are not removed. Since

worldwide IPFS nodes help one another distribute the contents, such decentralised creative content library also serves as a content distribution network, speeding up access from locations unreachable by Internet backbone. Service providers do not have to be concerned about from which IPFS node users will retrieve the content.

In the library, each creative content is addressable by a cryptographic hash rather than a URL. Any changes in the application layer such as domain name, IP and directory structure induce no change to the content address since the hash depends only on the content itself. The content address is thus decoupled from the application where it was created on and where it is used, making it consistent and future-proof. This prevents creative contents from being locked up by specific applications such as Facebook and Instagram. Such cryptographic hash is called content fingerprint in the LikeCoin protocol. A unique, one-to-one content fingerprint of each file is generated by the SHA-256 hash function. Metadata of the images are stored off-chain as an IPLD object (see section Metadata Objects below) on IPFS. Only the metadata hash and the content fingerprint are written to the Ethereum blockchain with the private keys of the service providers through a LikeCoin smart contract. Such two-tier architecture maximises speed and flexibility while minimising the gas needed to write to Ethereum.

Metadata are stored as IPLD objects, which are linked objects that can contain reference hash of other IPLD objects and build a path across them. Since IPLD objects are stored on IPFS, they are represented by 1-to-1 hashes as well. Such feature is used to build content footprint of every creative content, to be discussed in the next section. Three kinds of IPLD objects are defined in the LikeCoin protocol following schema.org's ImageObject schema. They are content metadata object, service provider object and content creator object, three of which are all interconnected through hashes of the objects. Content fingerprint is like the DNA of a creative content, while content footprint is like the family tree of it. For every derivative work in LikeCoin protocol, IPLD references of the content sources are recorded in a footprint array in the metadata object.

Based on content footprint tracing in the LikeCoin protocol, LikeRank measures the importance, or creativity as we define it in this context, of a creative content. In general, the more derivative works a creative content generates, the more creative the creative content is, and thus the higher LikeRank of the content. LikeRank is the quantifier of the creativity of contents.

LikeCoin’s Like button is designed to combine the “appreciate” and “pay” user experiences into one. By tapping/clicking the Like button for 1 to 5 times, or long press/hover then drag to 1-5, a user shows his/her appreciation and helps the content creator to mine LikeCoin from Creators Pool. If the user really appreciates, s/he may go directly to “Super Like” to pay the content creator certain amount of LikeCoin from his/her own wallet.

 

LikeCoin Roadmap

  • 2017 Q1-Q3

  • Brainstorming. R&D
  • 2017 Q4

  • Early Believer Sale
  • 2018 Q1

  • Launch of LikeCoin Token, ID and Like.co
  • 2018 Q2

  • Public Token Sale
  • Read More
  • 2018 Q3

  • Launch of puttyimages
  • 2018 Q4

  • Like Button Launch
  • 2019

  • Launch of blogchain.md and LikeCoin Ecosystem Scale Up

Activity

Activity:
555
VERY HIGH
Merit:
504
VERY HIGH
Posts:
244
MEDIUM
Views:
5 217
MEDIUM
Users:
93
LOW
Posts:
2 836
VERY HIGH
Followers:
7 055
HIGH
Likes:
6 782
HIGH
Rating:
4.80
VERY HIGH
Followers:
3 166
MEDIUM
Tweets:
338
HIGH
30 Days Growth:
10
Members:
6 292
HIGH
30 Days Growth:
-654
Year commits:
4 383
Watchers:
148
Stars:
164
Forks:
66
Open issues:
162

LikeCoin Team

Verified 38%

Attention. There is a risk that unverified members are not actually members of the team

Aludirk Wong
System Architect
verified
Jacky Ko
CMO
unverified
William Chong
Full Stack Developer
verified
Chung Wu
Full Stack Developer
unverified
Michael Cheung
Full Stack Developer
unverified
Edmond Yu
Operation Manager
verified
Simon But
Growth Hacker
verified
David Ng
Full Stack Developer
unverified
Miles Wong
Full Stack Developer
verified
Jacky Chu
Independent Director
unverified
Bonita Wang
Independent Director
unverified
Annie Zhang
Early Supporter
unverified
Harry Xiao
Early Supporter
unverified
Heatherm Huang
Early Supporter
unverified
Greg Sung
Early Supporter
unverified
kin ko
Product Designer; Founder; Chief
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Alex Lau
Advisor
unverified
Dr Haggen So
Advisor
unverified
Isaac Mao
Advisor
unverified
Jon Phillips
Advisor
unverified

LikeCoin Interviews

Aludirk Wong
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We are going to reinvent the Like.
William Chong
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Fullstack developer, let's make blockchain actually useful to all.
Edmond Yu
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am responsible for the operation of the project, including the support of sales and marketing and customer service.
Simon But
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am a growth hacker on LikeCoin. I think it is a revolution on creativity as it wants to change contents creator and reader's point of view about how worth their contents are.
Miles Wong
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am a full stack developer in the project who is responsible for like.co site. I really like this idea and hope it could be the future, which users can be rewarded by their great efforts and people respect more on creative works.
kin ko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Am the Founder of LikeCoin. Our mission to realign creativity and reward. At the same time, we promote open, permissive license of creative contents by finding a business model of Creative Commons contents.

LikeCoin Last News

$ 0.0038
0.91%
Coin Stats
Daily, %:
0.91%
Weekly, %:
-0.95%
Monthly, %:
20.07%
Market Info
Market Cap:
$ 1.922 M
Volume 24h:
$ 210.42
Circ. Supply:
504.57 M LIKE
Ticker:
LIKE
ICO profit
X 0.0049
ICO Price~$0.7800

LikeCoin Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

LIKE COIN is crypto currencies that reinvest the like and help users generate the income from its extensive use.

PROS:

  • The use of the platform enables each creative content to be represented by a unique content fingerprints in the like coin ecosystem
  • The platform acts a decentralized creative content library on IPFS which helps one another distribute the content and speeds up the access of the content from locations unreachable by internet back bone.
  • The platform enables the content creators  and service providers to be rewarded  with LikeCoin as an incentive  when their content is liked  or super liked
  • The platform  enables the users data to be securely stored without any alterations form third parties  as the content fingerprint of each file generated by the SHA-256 hash function
  • The platform is made of well  connected team members  with  relevant skills led  the founder Kin Ko who is an internet expert and is assisted by other members
  • The platform white paper fully highlights the how block chain technology helps in revolutionize the platform use of like coin enabling the content to be rewarded

CONS:

  • The platform coin lacks compatibility with the other common coins and crypto currency
  • Lack of adequate funds as the coins is not involved in pre-sale stage
  • The associated social media which easily exploits like and their trends is not highlighted in the white paper

SUGGESTIONS:

  • The platform coins should be made easily compatible and exchangeable with fiat and other crypto currencies
  • The LikeCoin should  be involved in pre-sale stage to determine its suitability

NOTE:

The platform is reinvest the like enabling the content creators to get rewards from their creation in different social media platform. However the platform needs full implementation hindering me from investing.

Read More
icotokennews.com
reviews

With an aim to realign creativity and rewards, LikeCoin attribution and mining protocols incentivises protocol adoption and permissive license by offering reasonable rewards. Permissive license and rewards reinforce each other, and maximise creativity of the content creators.

On the community side, LikeCoin is a movement to cultivate the habit and culture of voluntary payment for high quality creative contents. By providing a large creators pool for mining by Proof of Creativity over 10+ years, the community may get used to voluntary payment model gradually over a long period of time. If a paradigm shift happens in 10 years and indie content creators can make a living in the LikeCoin ecosystem, we regard LikeCoin as a success.

Read More
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