Coin-Based Creator Interactions
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BitCloud is a blockchain-based social network that lets people speculate on creators' reputation through creator coins, while enabling monetized social interactions. Each interaction with a creator requires owning or spending their specific coin.
Core Mechanics:
- Every profile gets its own creator coin that can be bought/sold
- Creator coin value fluctuates based on person's reputation/popularity
- Creators get 10% of all purchases of their coin (can adjust percentage)
- Top 15,000 Twitter influencers pre-loaded into platform
Monetization Features:
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Paid Messaging System:
- Users must spend coins to message creator
- Ensures creator responds to paid messages
- Helps filter spam/unwanted messages
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Exclusive Access:
- Stakeholder meetings/AMAs for large coin holders
- Private Q&As for users holding specific coin amounts
- Priority inbox sorting based on coin holdings
-
Content Monetization:
- Paid likes: Users spend small amount of coin to like content
- Exclusive content access for coin holders
- Sponsored post system: Users pay in creator coins for retweets
Creator Benefits:
- Earn from social engagement
- Automatic revenue from coin trading (10% of purchases)
- Initial "founder rewards" for claiming profile
- Monetize viral content through paid likes
- Direct relationship with top supporters
16:40 - 18:11
Full video: 28:52SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.