Introducing Trendit

Trendit
Trendit
Dec 15, 2017 · 5 min read
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Our Motivation

Social media has become an integral part of our day to day lives. A lot of time and effort is spent by people to keep up with the latest social activities. However, average users don’t get rewarded for their contributions to the social space in many existing platforms.

Platform

Trends are created by users to showcase their latest ideas, thoughts, passion or even make a fashion statement. Users will be able to pledge to the trends created. The comment section will be used by peers to follow up with the trend.

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Trend Tokens

One of the key components of Trendit is its Tokens. The Tokens are utilized for a variety of purposes which allows for an efficient transaction between the users. The total supply of Trend Tokens will be 200,000,000. These tokens will be mainly distributed into 3 sets: Platform Reserve Tokens (20%), Crowdfunding Tokens (60%) and User Acquisition Tokens (20%).

Profit Sharing

One of the major advantages of using the Trendit platform is the share of profit that content creators can earn. 50% of the company profits will be distributed among all the creators depending on the amount of pledges accumulated. The profit will be calculated quarterly and will be used for weekly distribution in the following quarter. All of the platform profits will be automatically pushed into the DAO (Decentralized Autonomous Organization) which will then divide the profit equally between the platform and its users. The DAO will take care of the weekly payments assigned for users who meet the reward eligibility criteria.

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