We are introducing a revolutionary way to post content and reward users on the EOS network like never before!
Social networks are an amazing concept which made its initial breakthrough with the introduction of web 2.0. Nobody, in the 2000s would have expected when the internet was created such applications would explode. We are now waiting for the same kind of evolution on blockchain platforms. Blockchain brings fast, low-cost transactions on top of anonymity and decentralization. We wanted to use all the strength of the blockchain to build our product.
We noticed that on social websites like blogs, authors were looking for new ways to be paid beyond advertising. Some blockchain applications tried simple donations, but unfortunately, people have no incentive to donate. Readers also have no incentive to upvote and participate.
This lack of incentive is why we created Swirld. It is a new, innovative way for authors to post content and for readers to interact with it. With Swirld, readers can weigh in by sending EOS tokens to the author. Then they become influencers. If there are already influencers before, tokens will be split, and the amount will be shared between the author and the influencers. This scheme, enforced by Smart Contract, create incentives to post great content by rewarding the author and influencers.
Swirld will run on the EOS network to enable fast and technically feeless transactions. We also believe that by using early technologies we contribute to it by creating adoption and giving our feedback to the EOS dev team. Swirld is currently in very active development and will be released this summer.
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