The idea of getting money for the activity online appeared at the same time as Web 3.0. However, the criteria which internet companies set for users to get paid is as simple as to bring revenue from advertisements. This has created a new career type called internet celebrity and reduced a lot of online content creation to meager attempts to get the most views. It was the rise of blockchain technology that gave hope for diverting from this path with the possibility of a Web 3.0 solution where the funds are controlled by the contributors, and the content too. However, this possibility has remained a theory so far. During the past three years we’ve watched the launch of a several platforms but none of them was a solution due to one simple fact: they all sucked. Though they did give the control of the funds to the contributors, the social media concepts were so poorly developed and the cryptocurrency integration was so overcomplicated, which rendered them unsuitable for mainstream use. So after an initial bloom, they slowly faded away. Combination of a well-thought social media platform, a decentralized revenue distribution system and user friendliness can be too much for a single project, but success doesn’t come with a simple recipe and that’s the recipe our project today, IAN, has figured out.
IAN stands for Intellectual Asset Network. If you are an avid reader, you’ll find the whitepaper quite enjoyable; it is comforting to see everything fits its own place, despite IAN being extremely complicated. Better skip the standard introduction and start at page 7. The summary is that IAN is a cryptocurrency integrated social media platform with decentralized revenue distribution system that features a Q&A network, a talent marketplace and a community zone. Let’s see what IAN is with its Q&A solution. The most important shortcoming of current Q&A platforms is the lack of community. These platforms are either local or field-specific, in which case a community can be established by the effort of certain individuals – or international and universal, where, due to massive size, a community can only be established by a well-thought system. Without a community, it is impossible to assess the quality of information and the platform eventually turns into a place filled with garbage. Previously, examples of cryptocurrency integrated social media platforms thought this could be achieved by simply paying depositors to the cryptocurrency, but they were wrong. While decentralized income distribution remains a key component, the concept of social networks must be designed to have a community-system positive feedback. To achieve this goal, IAN includes a talent market that provides interest to people with knowledge in the IAN platform. In the talent market, users can offer their knowledge for sale, as in any other similar crowdsourcing solutions, but to enhance their success, they can take advantage of the Q&A platform and the community area to present their knowledge. As a freelancer, I found that the most difficult aspect of crowdsourcing platforms is the lack of any incentive to help newcomers gain experience points in the system, as getting points requires getting a job and getting a job requires points. The question and answer platform, combined with the talent market, can be “the” solution that crowdsourcing and freelancing industries are waiting for. This will enable users to be present on the platform even if they don’t sell or buy talents, ask or answer questions. To make the network work, IAN uses an experience point system in which more community approval gives users more points and more points gives more rights to approve or reject contributions. The point system is thoroughly explained in the whitepaper. On the front of the social media platform is the IAN Hall of Fame which is where the most approved contributions are saved and pinned for display. The results of the point system are getting paid with IAN Coin.
For its own currency IAN Coin, IAN features a PIVX based blockchain. By the end of 2018, PIVX became the industry standard with many use cases and variations. IAN also has a blockchain structure which actually might be the next industry standard. Instead of using a single type of masternode with a certain collateral, IAN features three with increasing collateral and rewards. As each masternode requires an individual set up with a separate IP address, the common scheme is more difficult and costly for the big holders where IAN’s model provides better results for large investors and makes no difference for small ones. For actual information on three masternode types(or tiers) see here: tier1, tier2, tier3. But it doesn’t end there. IAN masternodes also have a unique system which provides increased ROI based on the experience points of its owner. This additionaly rewars useful contribution to the platform while at the same time encouraging hodling. This actually means that even the smallest investor can get a high ROI based on his activity on the platform. IAN is also planning to utilize its blockchain as a base for decentralized applications. This can be done on the platform by using IAN API or developing dAPPS operating on IAN blockchain.
If there is one thing for sure, it is that perfection comes gradually. After all the try-and-fail on the web, social media and decentralization; this might be truly an overall solution. IAN certainly has the potential for it and it is certainly one of the 2019 projects that needs to be followed. Check out the project on its website and meet the team and the community on Discord.