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PressCoin

The Crypto-Economy for the Future of Press

A coalition of news organizations and journalists in various parts of the world have banded together to create a cryptocurrency to sustain funding for investigative journalism. Called PressCoin, the digital currency was made to get rid of the advertising revenue model, decentralize funding sources, and upend corporate media monopolies with collaborative content that strengthens civic participation around the world. The Ethereum-based currency will be distributed to the wallets of both readers and journalists based on the level of engagement they are able to create, as measured using the Quintype content management system. Readers will receive PressCoin for generating insights from thoughtful conversation. Compensation levels for readers and journalists will be based on reputation documented and recorded in the blockchain. PressCoin publications will not allow readers to engage in comments or interact with anonymous accounts. Like De Correspondent, PressCoin will allow limited access to read its content, but to read full stories, interact with journalists, or comment on stories, users will have to pay for a subscription or make micropayments for individual stories. After the token sale, people will be able to subscribe or join the PressCoin system using fiat currency, credit cards, or online payment systems

2.4
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Benchy 2.4
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Unknown
Token
NEWS
Price
1 NEWS = 1 USD
Platform
Accepting
BTC, BCH, ETH, LTC, DASH, XRP, Fiat
Country
UK
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About PressCoin

The PressCoin system of protocols supports the social, civic, economic and ecological needs of people in the real world, empowering them with new ways of harnessing and shaping information flows in a way that facilitates positive change in their own lives and communities.

Most importantly, PressCoin platforms compensate everyone involved with revenue and real asset ownership of the PressCoin ecosystem - journalists, citizens, NGOs, local news organizations, and local businesses.

This creates a sustainable foundation for independent journalism- making free press possible - by enabling true independence - financial independence, while richly rewarding all investors.

PressCoin is decentralized media at work: for the people, by the people.

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