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Facts

Create Truly Trusted Internet Content Ecosystem

The core of FACTS is to construct a set of "fact content incentive mechanism" based on blockchain technology, namely Proof of Facts (PoF), and thus form a real trusted content library based on Facts Graph. Based on the incentive mechanism to ensure high-quality output of real content, it solves the problems of the proliferation of false content on the Internet, lack of creative motivation, and low communication efficiency.

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Benchy 3.0
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Ended
Token
BKC
Type
Price in ICO
0.0011 USD
ICO start
29th Apr 2019
ICO end
29th Apr 2019
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About Facts

The core of FACTS is to construct a Facts Content Incentive Mechanism that is based on the block chain technology, i.e. the Proof of Facts (PoF), and hence to form an authentic content library that is based on Facts Graph. The Facts Content Incentive Mechanism and Facts Graph of FACTS are open to all content class DAPPs via a uniform interface to form a vertical public block chain of service content ecology. The facts incentive mechanism is designed in accordance with the authentic content views of neutrality and verifiability, any authentic content is proved authentic by referencing or depending on other reasonable facts bases, and the Content Review Panel guarantees the mecha— nism is executed properly to ensure the quality of Facts Graph. FACTS Index is a core parameter reflecting the authenticity of content to let users know at a glance.

The incentive mechanism of FACTS is to promote the credibility of content and the propagation extent of credible content by rewarding users for each behavior beneficial to the community. In content communities with common values, users obtain corresponding token reward through beneficial behaviors such as producing authentic content, excavating the authenticity of content, propagating authentic content, etc. The underlying Facts Pool of FACTS is updated and improved continuously to form a network—interconnected struc— tural Facts Graph. In this way, each noun, each incident and each view in the content community are depending on bases and theories, the judgment cost of users can be greatly reduced, and the reading experience is optimized. After each piece of content in the Facts Pool is referenced reasonably, content authors will receive corresponding reward to be encouraged to create more content values for the community.

In general, the problems of massive false content, underpowered creation and low propagation efficiency on the network can be solved perfectly under the action of a perfect decentralized facts—driven mechanism of FACTS.

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