WORD White Paper 5.0
1.0 Introduction
WORD token is the utility token of the Starlybooks platform. It will be used for transactional purposes on the platform.
Starlybooks is an ebook platform where readers can also mint NFTbooks.
Ebook platforms are replacing paperback books.
Starlybooks wants to be at the forefront of this development. With the coming of age of the blockchain, we're fusing ebooks with the decentralisation of the blockchain.
Starlybooks is building a platform for future readers and writers to express their stories and attract readers from all over the world.
The Future is African!
When Chinụa Achebe wrote "Things Fall Apart", it was a story never before read, unspoken of and unseen by the West. This book went on to become a bestseller globally.
The Starlybooks platform will be showcasing African writers from everywhere in Africa leveraging on pre existing networks. We will be scouting the country and Africa as a whole for writers to tell their stories on our platform.
2.0 Problem and solution
Before now, existing platforms struggled with paying writers on their platforms in fiat as they had writers from across the world. We solved this problem with the WORD token.
Now, writers from all over the world have a common currency they would receive payment in.
They would then go on to exchange WORD for FTM and USDT which they can sell for their local currency.
Crypto currencies are the future and blockchain is here to stay. The blockchain is a technology of necessity, hence, people will learn what is necessary, come what may.
We've seen this paradigm shift, hence, we've decided to tread this path. In a few years to come, every person on the planet would be blockchain literate.
I am Nigerian, not British. But I write perfectly in English. This shows you trends become norms as generations go by.
The Starlybooks platform is solving another problem. That is, we will not be sharing in the writer's sales. All writers will get 100% of their sales.
With this, the Starlybooks platform is truly a community platform. And writers will choose this platform over others where they pay exorbitant fees for each sale.
3.0 The Starlybooks Platform
The Starlybooks platform is a platform for writers who want to make money from writing novels. The platform will have the following features:
Premium writers will be paid in Word token.
Non-premium writers will be able to incentivise readers to read their books in order to increase their views so they can become premium writers.
Only writers who gain 1,000 views on a book can become a premium writer.
4.0 The NFT Book Number (NBN)
Books will be made into NFTs to be sold as NFTs to anyone looking to buy the work of ghost writers.
The buyer has exclusive rights to the book once purchased, thus, simplifying the process of acquiring books using smart contracts.
The book will be minted on the starlybooks website after paying an amount of WORD, depending on the size of the book.
This will simplify the acquisition of stories by big industries, the likes of Hollywood, Bollywood and Nollywood.
Or by other platforms who simply want to have the book exclusively on their platform in perpetuity.
5.0 NFT FOR SHARE
NFT for share in the profit of a book sale.
A writer sells royalty rights to his book, much as the same way people sells shares to their company.
These NFTs are a form of share and are based on the same principle.
These NFTs would first be sold on opensea, then later on be moved to StarlyBooks NFT marketplace.
A third massive round of token sale will be used to fund this stage of the project.
The 'NFT for share' will be used by movie creators, skit makers, Poets/Lyricists, Story tellers etc.
This will be coded into the StarlyBooks NFT marketplace and the option for 'NFT for share' will be available.
This NFT model will make it very easy for creators to raise money for their projects. The buyers of these 'NFT for share' will share the profit of with the buyers.
6.0 Word Affiliate Marketing
A major problem for writers is the inability to sell their books. There’s a huge problem with selling one’s books. We’re introducing the word affiliate marketing.
Writers would be able to "boost" their books with affiliate marketing.
A registered affiliate marketer would check his dashboard for books available for advertisement. The writer would have the freedom to set up the percentage from each sale from a book that goes to the affiliate marketer.
For example, Jean Doe decides to sell "Adventures of John Doe" using our affiliate marketing system. She would have to select the percentage that would be paid to the affiliate marketer for each sale made.
Assuming she's selling "Adventures of John Doe" for 1000 WORD, she sets the percentage at 10% per each sale, the affiliate marketer gets 100 WORD for each sale. If the marketer makes 1000 sales, that's 100,000 WORD intoto.
With this, writers would have the freedom to write and not bother about how to sell their books.
With this, non-writers would also be able to make money on the platform even though they're not writers.
The affiliate marketing system would be at the disposal of the writers. If they don't need it, they don't use it, hence they get 100% of their sales.
Note here, nothing goes to Starlybooks.
7.0 WORD token tokenomics/distribution
Total supply: 10 million
Main sale: 6 million
Liquidity: 2 million
Airdrop: 1 million
Website development and team vesting: 1 million.
8.0 WORD Token Details
Name: StarlyBooks
Symbol: WORD
Decimal: 6
CORE Chain Contract address: 0xaa7912c028e058e4bd90bcbb9fb41c27dbcc3245
Blockchain: Fantom and Core Chain
9.0 Airdrop distribution
A total of 1 million WORD will be distributed over a period of time.
The first round of airdrop distribution will focused on holders of WORD. WORD holders will receive WORD according to the percentage of WORD they hold.
The second round of airdrop will given to everyone regardless of whether you’re a holder or not.
10.0 Exchange/ DEX Listing
Word is listed on IceCreamSwap
11.0 StarlyBooks NFT marketplace Launch Date
StarlyBooks NFT marketplace will be launched in Quarter 4 of 2023.
12.0 Wordswap and WORD staking:
Wordswap will be launched in Quarter 1 of 2024. You’ll also be able to stake WORD on the Wordswap platform.
13.0 Read and Earn:
Readers will be able to earn WORD token by reading. This feature will be implemented by 2024.
The WORD token to be giving to readers isn't going to come from thin air. Writers would lock WORD in their wallets, and every time a reader completes their book, they'll carn an amount of WORD.
This feature will be used to promote books on StarlyBooks. With this, a lot of readers would flock to StarlyBooks to read books.
Once readers begin to get used to the books of a writer, they'll begin to raid other books of the author even if they won't cam, or would have to buy the hooks.
As our reader base grows, so does the authors.
This use of WORD as an incentive to promote a book, will drive the use of WORD.
Together with the use of WORD as transaction fees for minting NFTbooks and buying NFTbooks.
The read and earn will function like a mining app. If a writer chooses to use the read and carn feature, the writer will pay the mining rewards. And he'll pay in WORD, directly from his WORD wallet.
14.0 Social Media Links
Website | Bookstore | Twitter | Telegram | Announcements | Medium | Discord
