What is Cryptoknowmics?
Cryptoknowmics is an innovative and decentralized platform that serves almost every aspect of the crypto space. It aims to be the top destination and the largest media portal in the crypto space and the all-in-one solution for information and services for the industry. In other words, this project is about building a Financial Times or a Wall Street Journal for the crypto world with many additional features. The real innovation lies in the content strategy where the users are incentivized for almost every action they take on the platform including simply reading a news release or an article. There is no news provider that would incentivize its readers, this is an industry first.
Unlike trading the stock market, the cryptocurrency market is a more volatile and open market where the investors and users often have to rely on many different channels to find and obtain reliable information such as news sites, announcements, exchanges, social media and search engines. For instance, to get accurate information and credible analysis regarding the stock market, anyone can read the Financial Times or the Wall Street Journal. What is still lacking for the crypto space is a credible publication or platform that is specialized in crypto and that covers almost every aspect of it with unbiased and curated information and services.
On the other hand, marketing crypto products and services to a target segment is a big challenge in the current crypto market situation. Advertisers have to use multi-channel advertising campaigns that are often costly and difficult to manage. Many large media platforms do not have crypto-friendly advertising and promotion policies, which further aggravates this issue. For instance, both Google and Facebook have banned/or restricted crypto advertising on their platforms making it extremely difficult for crypto advertisers and promoters to reach mass markets. Thus, the current market situation presents a huge opportunity for a new solution to fill this market gap.
Cryptoknowmics features news and articles, ICO/STO listing and review, token/coin market analysis, forum, crypto gaming, ICO/airdrop launchpad, marketplace, learning module, APIs and a crypto index. The platform is available as a web page and also a mobile app which is supported by both Android and iOS. The MVP version of the web page is already live in the domain of cryptoknowmics.com and it has gained a substantial audience in a short period even without any paid advertising and promotion.
The platform incentivizes its user interaction with tokens for almost any action including reading content, watching videos, clicking sponsored links, gaming, crypto trading, claiming airdrops, buying event tickets and subscribing to premium resources. IP tracking, captcha and AI algorithms are used to prevent bots and misuse of the system and the incentivisation is fully controlled by the blockchain.
Cryptoknowmics’ monetizing strategy includes many revenue streams including listing and review fees, sponsored content fees, PPC/PPM advertising fees, premium content subscription fees, ticket sales commissions, learning module commissions, marketplace commissions, and API subscription fees. Cryptoknowmics spans over many available market segments in addition to the crypto market that includes the digital advertising market which is worth over a $280 billion and sponsorship market worth over US$ 65 billion. Although the target market could be much smaller than the total available market, it is obviously still a huge and fast growing market.
Cryptoknowmics aims to raise US $6 million in an ICO to finance the full development and implementation of the platform over a two-year period. Total of 10 billion tokens are in supply and 25% of which are to be issued in the token sale. The token is priced at $0.0024 per token. A lucrative bonus scheme will be available for early investors.
30% of the total token supply is reserved for content contributors/subscribers which will be released at 10% (of 30%) every quarter and unused tokens, if any, will be carried forward to the following quarter as reserves. If the brought forward tokens are not used in a particular quarter, then they will be burned. In addition, Cryptoknowmics pledges to burn 10% of the tokens received as net revenue from platforms on quarterly basis using smart contracts, subject to a limit of 25% of the total supply.
Cryptoknowmics is backed by a team that possesses the necessary skills and competencies in a wide array of areas including entrepreneurship, blockchain technology, UI/UX, and community building, which provides the right mix of talents to achieve its mission. All of the core team members have prior experience in either establishing or working for startup companies.