- Ads like Short Video and Information Flow
The main income of Facebook, WeChat, Baidu, and Tik Tok is from ads. A serious problem of traditional advertising business is that the platforms sell users’ attention to merchants while users who create value can’t get any benefit.
The QTT listed on NASDAQ has reformed the business model of advertising, allowing merchants to directly subsidize money to users who have watched the advertisements. Users can earn income by reading or sharing with friends who are around to read. However, QTT is still using central way to distribute revenues. Without blockchain technology, there will still be platform restrictions like withdraw. Only blockchain technology can truly protect users’ assets.
In LNKO distributed financial ecosystem, there will be a short video platform similar to Tik Tok. Watching and rewarding cost tokens released on the LNKO platform. These tokens are distributed to the platform and video creators through smart contracts. When a merchant places an ad, he should purchase tokens to issue it. Users can watch or read advertisements to obtain tokens. Through this kind of new economic incentives and distribution mechanism, LNKO will inspire 100 billion or even trillions of blockchain advertising market.
2. Futures Platform
Traditional futures rely on the platforms with high threshold and barriers, which is also monopolized by national centralized institutions. Futures contracts based on blockchain smart contracts will be automatically executed according to the code, and everyone can operate and trade anytime. There are trillions of market sizes in futures market.
Although the digital currency market has fallen into a long bear market in 2018, the digital currency futures market still attracts a large number of the people. Different from the spot trading, futures can be traded in both directions (up and down). Whether you go long or short, you can get profit from the difference. Currently, the largest futures are OKex and Bitmex, and the second echelon is CME and CBOE. According to statistics, on November 30, 2018, the total transaction volume of the two companies was as high as 895,991 BTCs. The latter two transactions totaled 33,365 BTCs. The trillion-scale futures market will have great development.
Traditional futures platforms need depositing, causing financial risks. Lnko’s open blockchain interface builds a decentralized futures platform, where everyone can create futures contracts for the gambling market. When the user participates in the futures contract, their assets are still stored in the private wallet, only temporarily frozen by the smart contract, which guarantees the security of the funds. The settlement is the transferred to the wallet in real-time.
The futures market will be based on the underlying technology of the blockchain in the future. NASDAQ has already started trading experiment with blockchain technology. Once blockchain technology is adopted, the futures market will break down national barriers and category restrictions. With various contract forms, the scale will be several times larger than the traditional futures market.
3. P2P private social network
In the traditional social network, Facebook, WeChat, etc. are centralized. The platform can grasp the user’s social network, have access to users’ chat content at any time, analyze their social relationships, advertise products, understand their assets, and may violate privacy rights. And social relationships cannot be exchanged. Facebook and WeChat will rob each other of their social relationships and block services, so that users cannot experience the best social product service.
Lnko’s distributed financial ecosystem will develop a peer-to-peer privacy social network based on blockchain, leading a new social ecology. In the blockchainbased social network, the users ‘ social data is completely controlled by themselves, and their communication information and records are completely encrypted and decoded by the user’s private key.
Unstructured information blocks and data streams (including text chat, pictures, voice and video, etc.) and structured credentials (certificate, tickets, etc.) can be easily implemented in LnkoChat integrated into Lnko Wallet.
P2P (peer-to-peer) privacy social networks will cover users of Facebook and WeChat in the future. Because of the openness of Lnko, you can intervene in any products and services. With seamless access to financial services and living services, Lnko can integrate more services and attract more people. The users brought by the new stationed services will also create a virtuous circle of products.
4. Financial Services such as Loans, Insurance, Securities, etc.
In recent years, Internet finance has developed rapidly. But there are many problems, especially the risk of violations by centralized organizations. The underlying blockchain technology built by Lnko can use smart contracts to build financial services and solve the problems such as misappropriation of funds, fraud, and refusal to execute.
Users can borrow through smart contracts, and specify the date and conditions of repayment in the contract. Once the repayment terms are triggered, the contract will be automatically executed on the chain to unlock the risk of the lending market and promote the market’s prosperity. The lending market has grown the blockchain, but the relatively substantial lending market is still insignificant, which means huge opportunities. The chart below shows some blockchain players in the lending market.
