Social Network Service (SNS) Tata, which has 17 million users in China and Southeast Asia, will begin to provide cryptocurrency rewards according to user activity.
The TTC Foundation announced on the 9th that Acorn Protocol works in conjunction with Tata and users of Tata will be rewarded for the popularity, response, and comments of contents shared by themselves.
Acorn Protocol is a blockchain-based incentive protocol for social platforms. It measures the content and contribution of content, time and behavior consumed by users in partner social network services called Acorn Alliance, and rewards it daily with the cryptocurrency ‘ACN’.
This is a win-win structure that users are rewarded for their actions and time and social network services are with community growth and revenue growth. According to the TTC Foundation, major domestic and foreign social network services have already joined the Acorn Alliance. More than 30 million users will participate in the Acorn Protocol this year.
Users are rewarded through registration of contents, likes, and comments. In addition, you can receive compensation by participating in reports about harmful activities such as malicious posts, abusive language, and review of reported posts. The content of users’ participation and the degree of contribution are recorded transparently through the blockchain.
“The TTC team has been solidly developing a blockchain infrastructure to provide incentives to social network participants,” said Seojun Kim CEO of Hacid Inc., the main investor of TTC Foundation. I think it is a meaningful achievement for the blockchain industry as a whole. ”
Jung Hyun-woo, CEO of TTC Foundation, said, “With the launch of Acorn Protocol, many people will be able to find new roles in the social networks such as creators, curators or reporters, and will be immediately rewarded for their contributions.”
( Source: https://blockpost.com/market/47516/ )