From their blurb in my post, content generates value. And it does have its own token: AETH
The token is used to reward the authors and curators much like steem and can be convertes to ETH or fiat currency.
The rest: Straight from their FAQ:
"When is the launch?
The alpha version is already available for Linux, MacOS, and Windows and currently runs on a private Ethereum testnet. The main Ethereum network launch (AKASHA 1.0) is expected to happen around Q3/Q4 2017.
Will there be a token crowdsale?
In the first phase AETH will be a token placeholder used inside the AKASHA ecosystem. We chose to focus first on building a working decentralized application and learning from the actual use what sorts of problems we should be solving with a custom token. Depending on our findings we might do a crowdsale, but most likely not by the time we launch the beta."
great answer. I guess this makes me nervous in ICO's: "learning from the actual use what sorts of problems we should be solving with a custom token". they need to answer that question quite clearly before we should invest in it.
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