The New Blockchain Publishing Platform That Could Rival Medium and Steemit

A blockchain-based crypto agnostic publishing platform that rewards readers for engaging with articles and writers for sharing their content.

Mina Down
Mina Down
Mar 19, 2019 · 5 min read
Image by blockinspect

The Future of Freelancing

One of the exciting things about blockchain technology is how it can change how we work. It enables a kind of freelance/gig economy where individual workers are empowered by technology that does not make them dependent on centralized platforms. Currently, there are platforms where you can offer a service, on others you can accept a temporary job, and on some others, you can put in bids and have competitions for jobs. In all cases, however, if you want to use another model or need more customizability, you have to switch platforms and lose the reputation you have built.

Welcome to Blockchain Publishing

The emergence of blockchain-based publishing platforms could change things. Take Publish0x, for example, it is a new site launched in December 2018 and still in “pre-beta” mode. However, the payment mechanism is already superior to Medium’s.

Earn Crypto for Reading Quality Content

Publish0x removes those layers of inefficiency, which also compromise personal privacy. Instead of “clapping” for articles, readers can “tip” the author in cryptocurrency. The authors receive these payments to their account immediately. To withdraw is a simple and fast process with a very low minimum. For readers, the tip is effectively the same thing as a Medium clap: a quick and easy way of showing you appreciate the work. However, for writers, it is far superior because they get their funds faster without depending on various middlemen. Writers can request to withdraw their tips anytime and receive payouts each Monday.

Users can choose the percentage of free tokens that go the writers.

Publish0x vs Steemit

This highlights two points that distinguish Publish0x from its main blockchain-based competitor: Steemit. Readers earn cryptocurrency alongside writers, and there is no need to use a native token to use the platform. With Steemit, the writers earn but readers do not, and all earnings are paid in STEEM tokens. The model adopted by Publish0x is better because it gives content creators and consumers a common interest and makes it easier for users to integrate into a larger cryptocurrency ecosystem.

How Much Can You Earn?

The tips on Publish0x are fairly modest right now. One online user calculated each tip they received was worth on average $0.015. However, it is important to keep in mind these are funds that are being given away for free by the dev team.

Image by blockinspect

Cryptocurrency as a First Test Case

Right now, Publish0x is an ideal platform for readers interested in cryptocurrency. The content is of high quality and specialized enough for crypto and blockchain enthusiasts. For writers, now is an opportunity to get involved early with the platform. Recently, CoinGecko joined the site, a sign of its potential.

Crypto Agnosticism and Future Milestones

Unlike Steemit, Publish0x does not have its own token and there is no ICO planned. It is “crypto agnostic,” which means the developers intend to integrate multiple different cryptocurrencies besides BTNY and HYDRO so readers can tip in whichever they prefer.

  • Enabling deposits so users can tip highers amount for the content they really like.
  • A bounty system whereby anyone can post requests for reviews, trading analysis, interviews, videos etc.
  • A staking mechanism Banbridge calls “proof of person” where users can freeze tokens to earn higher tips. Rather than needing full KYC, the idea is if someone is prepared to lock up even a small number of tokens then they are real.

Conclusion

Publish0x represents one of the first generations of blockchain publishing platforms to enable instant payments in digital currency. What makes it unique is how readers and writers received rewards and there is no need to buy a new token or coin to use the platform. At the same time, it could offer serious competition for platforms like Steemit that do not reward readers and require the use of a native token. As a writer who is interested in cryptocurrency and blockchain technology, I am excited to see the dev team unveil new features and functionalities.


HackerNoon.com

how hackers start their afternoons.

Mina Down

Written by

Mina Down

Writer interested in blockchain projects that will add to the social good

HackerNoon.com

how hackers start their afternoons.

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