HEARTBOUT - Transform Time Spent In The Network Into Profit

Februari 12, 2018

HEARTBOUT - Transform Time Spent In The Network Into Profit

a revolution in social networking communication

introduction

Social network HeartBout was designed to convert the time spent in social networking to user earnings, where users get their profit in the form of HBC tokens for their activity as authors and voters.The design and functionality of the social network HeartBout has been developed through deep analysis of different services. In HeartBout users can post photos, videos and video links from popular sources like Youtube. Within HeartBout we have developed a unique functionality - the creation of categories accumulating tags and challenges/bouts between user publications.

HeartBout is the result of this vision where users can get reward for their activities on their HeartBout accounts. Not only the content writers but also the voters and advertisers can get maximum benefit of this unique and innovative idea. The architecture and operation of execution for HeartBout have been designed by complete and detailed analysis of relevant existing services. HeartBout users need to create their account with HeartBout and here they go with the amazing services provided by the HeartBout’s experienced and valuable team. Completing registering process and getting verified leads the users to post their content, commenting on others’ posts, earning money by voting or getting reviewed and what not this completely transformed world is going to provide you. Users can post links from other online sources such as Youtube. Another unconventional attribute of HeartBout is that users will have the freedom of creating categories by accumulating tags posted by different users.

• With HeartBout, you are free to create your own post containing photo or video without any time limitations. You can post content links from different online resources and can create your own hashtags. These created hashtags can play key role in promotion of your content and this special functionality will definitely benefit the advertisers the most.

• HeartBout brings an easy to use and user friendly interface which allows easy understanding of our main screen and other tools. This design was developed after analysis of hundreds of similar products and we have tried to bring out the best possible user friendly application interface.

• Reward for each activity is going to bring the revolution in the world of social networking life by providing them users a chance of converting their free time into some kind of profit. The reward is given in the form of HBC tokens. The more time spent of HeartBout account, will increase the chances of earning more revenue.

• Bout function is the innovative concept of creating competition between different publishers and their posted content. Users and viewers are enabled to vote for their favorite content can get reward for participating in voting. On the other end, the winner will get his own placed bet and the bet placed by his opponent.

Note: ICO (Initial Coin Offering) event for HBC token sale is going to start from 31st January 2018

HeartBout Coins (HBC)

HeartBout coin (abbreviation – "HBC") is the sole and fundamental token of the social network HeartBout.The HBC tokens are designed to encourage user activity within HeartBout social network and are directly tied to the advertising capacity of the social network, namely, allowing users to pay for advertising.

Ecosystem

The economics of HeartBout is built on the basis of the advertising standard 100 HBC = DAU *U, guaranteeing the exchange of the issued HBC tokens at the request of the holder on the relevant number of ad impressions at the social network. Where DAU is the number of unique users who have visited the app during 24 hours U — advertising.The Reward system of HeartBout social network is built on a decentralized platform using blockchain technology. The authors, voters and miners get a reward in HBC tokens.

Emission

The issuance of HBC tokens is done on a daily basis. All emitted tokens during the day are distributed between authors, voters and miners. The issuance of HBC tokens, is limited to 200 per day. Voting with hot hearts affects the amount of emitted HBC tokens. Voting with cold hearts does not affect the emission, but can recover the power of “hot hearts” of the voter.
Award author

The author of a post or comment gets 65% of the HBC tokens from the total emission. The award from a publication depends on the number of positive ratings — “hot hearts” and their power. The calculation takes into account “hot hearts”, received in the 24 hours after publication.
Voters reward

The reward for voting with a “hot heart” is 15% of the HBC tokens from the emission for voter. The reward is distributed between users, who voted for the publication, subject to sequence number, “hot heart” and its power. To prevent attempts to drive up hot and cold hearts, a special mechanism is used to limit the amount of hearts available and the power of hearts, by establishinges a dependence between the number of used hearts and their power.

Reward for participants during bout.

The cost of the HBC token

Internal cost of 1 HBC is calculated based on the value of one impression costing $0.02 multiplied by the DAU divided by 1000 ($0,02 * DAU/1000). Starting from June of 2018, we expect growth of DAU from 30 000 to 252 970 users in December. Thus, we expect growth in price of 1 HBC from $0,6 to $5.1.