There are now over 10 million of the minable coins (PLUS1USD) in circulation. PLUS1, which is listed on CoinMarketCap and CoinGecko, enables holders to reward posts they find valuable on the ADVFN and InvestorsHub platforms by up-voting (‘+1’) thereby promoting and amplifying this content on the site and bringing it to a larger audience. It is a way for social media users to earn money as most PLUS1 goes to the post author (encouraging them to create further outstanding content); the remainder is for the publishing platform.
With PlusOneCoin, the whole community is incentivised to create quality posts and give social validation where it is warranted in a content virtuous circle. As this all takes place on the blockchain, the process also vanquishes fake online engagement.
In addition to rewarding valued content, the cryptocurrency – as featured on TechCrunch – can be traded between wallet holders, mined on any personal computer and bought and sold on SouthXchange and Finexbox. Coins can also be obtained for free with ADVFN’s PlusOneCoin Faucet.
Defined by Online Blockchain CEO Clem Chambers as a social affirmation coin, PLUS1 acts as a social media cryptocurrency enabling a website to generate more money for itself, its users and its content providers.
“PlusOneCoin is well integrated into the ADVFN and InvestorsHub ecosystems and is very popular amongst a large tranche of our 36 million users as is reflected by the number of PlusOneCoin in circulation,” said Clem Chambers, CEO of Online Blockchain. “We look forward to implementing PLUS1 on other media platforms.”
Online Blockchain (www.onlineblockchain.io) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and today still has a holding of 17.98% in ADVFN plc.
Online Blockchain plc continues to consider new related opportunities and particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.
Led by a team with over two decades of pioneering in tech, Online Blockchain focuses on innovation in cryptocurrency and decentralised ecosystems via various applications of blockchain: incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.