Blockchain Journalism On TRON

Published in

ABCC Exchange

3 min readApr 4, 2019

What you need to know about TRON Weekly Journal and TWJ coin

The dissemination of news and content has changed dramatically from the past to present time. These changes include watching the news on Television or reading the newspaper to doing a quick Google search for the latest news on your way to work.

While these have certainly been significant changes, much has remained the same as well. For example, content creators arguably receive less compensation than they deserve, with publications and platforms receiving a significant portion of the revenue in commission.

The implementation of Blockchain technology removes the intermediary and is seen as a promising solution for this issue. Find out how TRON Weekly Journal, a journalism platform built on the TRON protocol intends to provide this solution for content creators.

Journalism On The Blockchain

Complete Ownership Of Content
Based on the TWJ Whitepaper, the main aim of Tron Weekly Journal is to be the umbrella for all TRON related news. The aim is for all kinds of TRON related content such as news, opinion pieces and research papers to be published on the platform.

Content creators that publish on the platform will hold full ownership of their work, and can directly sell it to users and portals for a price determined by the writer herself. This differs from the conventional model of writers only receiving a fixed amount.

Earnings From Affiliate Marketing
In addition to earning from the sale of articles, content creators have an opportunity to earn extra revenue from affiliate marketing. This can be done by allowing advertisements to run on their content and earning from the clicks from the advertisement.

The Tron Weekly Journal platform will be the place for TRON projects to carry out marketing efforts. Projects can buy pay-per-click advertisement boxes to drive traffic from the TRON community.

70% of the annual net profit will allocated to operational and development expenses. Remaining profits will be distributed to TWJ token holders based on the proportion of tokens held by each individual as compared to the community.

TWJ Tokenomics

TWJ is the native token of the Tron Weekly Journal and is a TRC20 token. The token is expected to be the method of payment for all transactions on the platform. As mentioned previously, holders of the TWJ token can expect to receive 30% of the revenue generated by the platform. The distribution will be in proportion to the TWJ holdings of each users, so holding a higher amount of tokens may prove beneficial in the long run as the network expands.

In summary

TRON protocol has made a lot of developments this year, most notably the launch of BitTorrent Tokens. The growth and expansion of the protocol will have a significant impact on the Tron Weekly Journal platform. With more projects coming onboard the TRON protocol, demand for the advertisement services of Tron Weekly Journal is likely to increase.

Disclaimer: The above article is a brief overview of the Tron Weekly Journal project and is in no way an endorsement of TWJ tokens from ABCC Exchange or financial advice in any form. Users are reminded to carry out their own due diligence and execute trades based on their research and risk tolerance.