PRESENTATION
TTC is a decentralized and token-incentivized social networking protocol for the next generation of social platforms. TTC provides a brand new social experience; the platform is completely decentralized. This gives participating individuals a highly rewarding and dynamic user experience.
TTC Protocol is based on Block-chain Technology. The records on the platform cannot be altered or deleted and the records are secured once they are recorded on the platform. Recently, blockchain technology has led to rapid development of identity management, transaction processing, documenting provenance and supply chains increment in moneymaking value of its tokens called TTC.
Blockchain Technology
Practically, a blockchain is a digital ledger that is used to record transactions across multiple parties. It is decentralized, distributed, and public, and because the record cannot be altered retroactively without the alteration of all subsequent information in collusion with the entire network, blockchain technology is secure by design. This makes blockchains suitable for keeping track of events, medical information, financial transactions, and other types of record keeping
Blockchain-Based Social Networks
There are several ways in which blockchain technology can be naturally applied to social networks. For a social network to develop, participating users must be able to interact easily. Each user on the platform functions as a node in the network. As the frequency and the probability at which users interact increases, the density of nodes increases. This is highly compatible with blockchains.
In recent years, blockchain-based content platforms have garnered public attention. On such platform is Steemit.com, a decentralized and token-incentivized platform that gives cryptocurrency rewards to users who produce and interact with high quality posts. However, on Steemit.com the barrier to entry is steep. It is still challenging for ordinary bloggers to share their interests, opinions, and knowledge because the platform mandates that only rigorous posts meeting a high standard of professionalism will be rewarded. As a result, the platform is highly concentrated to a select group of users that are able to take advantage of the Steem reward system.
Token-Incentivized Social Networks
Rewarding some users with cryptocurrency tokens creates economic incentives. These incentives effectively facilitate the establishment and growth of social networks in a few ways.
Proactive Users Every user in the network is a stakeholder, which contributes to a shared belief that contributions matter. Users will participate proactively as their contributions are clearly and fairly recognized and rewarded.
Healthy Atmosphere Content aligned with the core values of the network gets highly rewarded. This creates a self-sustaining cycle where users are encouraged to create content that strengthens the network.
Exponential Growth As the network grows, it increases the value of the network, which in turn increases the value of the incentives. Not only does this make incentives more attractive to users, but it also builds public awareness about the network.
Token Information
The tokens will be created based on Ethereum standard ERC-20 smart contracts.
Pre-initial TTC token sale: 1 ETH = 5,000 TTC
Initial TTC token sale: 1 ETH = 4,000 TTC
A total fixed supply of 250 million TTC tokens will be made available for public which will be sold as shown below:
Amount Price
100,000,000 N/A
25,000,000 5,000 TTC tokens = 1 ETH
125,000,000 4,000 TTC tokens = 1 ETH
Stage Time
Private Sale N/A
Pre-ICO 12th March, 2018 at 10:00am
Main-ICO 26th March, 2018 at 10:00am
Token Distribution
ICO Plan
The TTC will be issued on ECH20 with a total amount of 1,000,000,000 (1 Billion), in which 25% of total coin will be set aside for sale. ICO participants can purchase TTC with ETH in exchanges.
1ETH = 4,000TTC
Token Name: TTC
Platform : Ethereum
Standard: ERC-20
Total issue: 250,000,000
Pre-ICO : 10am March 12 2018
Main-ICO: 10am March 26 2018
Team
Brian Cheng ~ President & Founder
Chase Chang ~ VP, Ecosystem
Yixiao Wang ~ Product Director
Yuanyong Zhai ~ Technical Director
He Zhang ~ Design Director
Jie Wu ~ Growth Director
Peng Liu ~ Technical Lead
Xiangyang Wang ~Technical Lead
Liang Zhang ~ Technical Lead
Yi Mo ~ Senior Product Manager
Bingqing Chen ~ Senior Product Manager
Shihao Guo ~ Senior Product Manager
Yunji Ma ~ Design Lead
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time...
For more information, please visit:
Website: http://www.ttc.eco/
Whitepaper: http://d1u6eqogwsdivn.cloudfront.net/whitepaper/TTC_Whitepaper_EN.pdf
Facebook: https://www.facebook.com/ttceco
Twitter: http://www.twitter.com/ttceco
ANN Thread: https://bitcointalk.org/index.php?topic=3073687.msg31671588#msg31671588
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.