What if folks might pay for companies, help creators, or rent expertise with out ever transferring a single greenback? What for those who might financially help somebody with out sending them cash?
0:55 What is the inspiration behind this idea?
3:33 What is Patreon?
3:53 What is Unlock Protocol?
4:26 Show Me How it Works.
8:23 What Should We Call this?
9:58 Closing Questions and Feeback.
For these of you who’re conversant in Patreon or Upwork, the ability of crowdsourced monetary help. From month-to-month memberships to limitless job postings, folks from everywhere in the world are in a position to join and commerce worth for cash and vice versa.
XIO, nevertheless, flips this mannequin utterly the other way up and reduces the chance for each events.
1) Instead of transferring cash to a contractor/creator for his or her efforts, people are in a position to contribute funds by staking/locking tokens on the contractor/creator’s behalf.
2) If a contributor (Citizen) not needs to help the contractor/creator, they’ll merely unstake their property with zero-loss to their unique principal stability.
Whether it’s real-time re-occurring funds or via the type of an on the spot upfront cost construction, XIO provides management again to Creators and peace of thoughts again to the Contributors.
While we’re extraordinarily excited concerning the potential for this safer, permissionless, and automatic cost system — the idea remains to be new to us. We would love your help in brainstorming methods to make this mannequin higher or determine obstacles creators/contributors might face alongside the way in which.
#3XIOsocial
In the feedback, tell us your basic ideas of this mannequin. Could it work? Why or why not? Would you employ it as a contributor? Would you employ it as a creator? What would you modify? What ought to we identify this mannequin?
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