KUALA LUMPUR: LikeCoin has announced the genesis of more than 30,000 new tokens over the Chinese New Year period to create a new digital currency for content creators.
This followed a successful Red Packet program that resulted in more than 2,000 people in Hong Kong, Taiwan and Southeast Asian countries receiving freshly-minted LikeCoin tokens as part of their festive celebrations.
The campaign helps LikeCoin in its mission to create a new digital currency for freelance photographers, artists and designers, and grow an innovative blockchain-based ecosystem that rewards content creators globally.
“Leveraging the power of blockchain technology, LikeCoin will tokenise the creative output of artists across the world as their works are appreciated and shared,” said founder of LikeCoin, Kin Ko.
The company creates unique fingerprints for all creative contents and tracks footprints of all derivative works along with creators and distributors of the content.
Its proprietary Like Button and LikeRank algorithm enable attribution and collaboration of content across multiple platforms and applications, allowing content creators and content adopters to curate contents and record the data on blockchain for other distributors to use.
The LikeCoin ecosystem will support creative content in many formats including photos, illustrations, videos and articles.
Original creators and content adopters potentially receive LikeCoin from audiences on their own service providers, from content adopters further downstream, and from content distributors.