Description
Blockchain Introduction: AMT, a unique encrypted blog platform that rewards readers and writers
This is a tough problem for cryptocurrency for anyone wishing to adopt this hobby.Due to the high cost of building mining equipment, it is almost impossible to mine digital coins today, and investing in a particular currency often carries a high risk due to market turmoil and speculative investment.But what if there is a way to receive cryptocurrencies without spending a penny of legal tender??
It sounds incredible, but some platforms offer the opportunity to make money without spending the time and effort.We are neither talking about inefficient taps, or one-time airdrops.It is an encrypted blogging platform that rewards readers and writers for publishing and managing content.AMT.LAND
Monetize blogs through blockchain-based technology
In many ways, AMT is a typical blogging platform.The site is free registration and allows users to write blog posts with formatting options and images and video embeddings.Users can follow their favorite authors to populate their personal feeds and use a proactive system to encourage voting and share valuable content in the same way that users on sites such as Facebook and Reddit can use.
But that is where the similarity ends.Since AMT is directly bound to the AMT cryptocurrency blockchain, every post on the platform has the opportunity to reward the content creators from the cryptocurrency pool created by the mining campaign.The more votes the post gets, the higher the potential payment-the payment is allocated not only among the creators, but among all other AMT users who vote or share the content.
Automatic payment, no review and autonomous communities
Like the blockchain built on it, AMT is a highly transparent system.The pending payment items in the blog post (which can generate value within seven days of publication) are clearly displayed, and are clearly visible to those who support the content.After the 7-day waiting period, the automatic payment is controlled by the smart contract by encoding the advanced algorithm into the AMT blockchain, and the content of each post is also firmly recorded in the blockchain as data, making it highly tamper-proof and censorship function.This makes AMT a haven for free speech advocates and artists, especially those who feel alienated from the arbitrary community standard rules set by other social media platforms.
But, AMT is not offensive, illegal or pornographic in the wild West.The Unsecure Work tag even recording content in the blockchain hides it from the viewer, and anyone who is really motivated to look for it can see it.The site’s low-ticket labeling system also reduces the visibility of posts deemed inappropriate or offensive, while still keeping those posts in the blockchain, meaning that unwanted or controversial content is not really being killed.Instead, communities effectively self-regulate, ensuring that truly onerous content is not rewarded.
Encourage vested interests with the AMT Power
It’s good to reward content creators and curators, but to prevent individuals from making hundreds or even thousands of dollar AMT on a very popular post and simply exchanging it for Bitcoin, Ether, or some other cryptocurrency?AMT’s creators, Dan Larimer and Ned Scott (and Bitstocks, the planners of decentralized cryptocurrency exchanges), have designed platforms to motivate and reward investment in the platform itself.
When any payment occurs, the receiver may receive his or her payment in two ways.First, they will receive approximately half of their direct AMT payments.However, the other half of their payments will be entered into an established account, the AMT Power (SP).Depending on the number of SP that users have accumulated, the value of the voting increases, thus encouraging users to build their own SP balances to become more powerful curators.If needed, you can strip the SP out of more than 13 weekly payments, thus preventing users with a high total number of SP from flooding into the market, even if users can use their liquid A M T at any time.
Open source encouragement
In addition to its ability to directly reward content creators and curators, AMT it has distanced itself from traditional social media or blogging platforms.One of the most notable ways to encourage interaction with the platform is its open-source nature.From blockchain browsers to advanced blog entry editors to mobile applications, Web developers are constantly creating interesting new ways to interact with AMT it platforms.There are even AMT dedicated video hosting services, similar to YouTube.
These applications (such as the site itself) are free to use, and the AMT tool database is available on the site.Users often fund the development of these apps by marketing content published by developers, thus demonstrating the potential of writer crowdfunding on AMT platforms.
