Private Token Sale
Private token sale raising initial $1 million to fund token sale process and to hire core blockchain, Machine Learning and application development staff.
Evolution
Newslines has been evolving since 2014 to answer these key challenges:
- 2014: Is there a better way to factcheck news?
- 2015: Can a crowdsourced news system work?
- 2015-2016 Can a revenue-share news system work?
- 2016: Where does Newslines fit into the news market?
- 2016-2017: Can Newslines find distribution and generate revenue?
- 2017: How can Machine Learning be applied to news summarisation?
- 2018: How can a cryptocurrency be used to allow anyone to participate in creating a trusted news source that is a store of new value, while smoothing the project’s economy, and providing value to stakeholders?
Development Timeline
The NewsBlocks project has two main streams:
- Development of the NewsBlocks Platform, including the creation of blockchain standards, building the network and seeding the app ecosystem
- Development of the Newslines application, which provides data to the blockchain and creates tools that applications can use
Soon
2018 - Q3
Seed Newslines
Hire staffTarget: Build 100 major newslines for most popular topics. Note: Current WordPress-based system will continue to be used to collect content until replaced.
Hire core development staff (Blockchain developers, Application developers, Data Scientists, ICO promotion staff, Content creators, App developers)
2018 - Q4
Token Sale Launch
The NewsBlocks Foundation launches its token sale within six months of initial financing
2019 - Q1
Token Sale Close
50% of tokens are offered, raising $33 million. After the taken sale closes, the NewsBlocks Foundation distributes funds to app developers.
Funds are used to seed NewsBlocks content by paying contributors to add and verify content, build open-source tools for external developers to create & retrieve NewsBlocks, and to scale the Newslines application
2019 - Q1
Newslines: First stage Development
Target: Build 1000 major newslines for most popular topics.
2019 - Q2
NewsBlocks Blockchain Alpha
Release specifications and testnet.
2019 - Q2
Newslines: Wikipedia of News
Target: Build 10,000 major newslines for most popular topics. Update each topic with daily news, automate processes, incorporate Machine Learning, send news to distribution partners, and feed users to app/site from existing social networks (Facebook, Twitter, LinkedIn)
2019 - Q3
NewsBlocks Blockchain Beta
Release NewsBlocks blockchain beta and support initial applications.
2019 - Q3
Newslines: Social News Network
Give users personalised news feeds. Allow interaction (share, like, discuss) with other users who like the same topics. Inform users with email updates and phone notifications
2019 - Q4
Newslines: Social Expansion
Add other social features, such as non-news feeds (personal, images, viral, work, etc., and instant messaging.
2020 - Q1
Distribution
Improve distribution network.
2020
Growth phase
10% of Newslines revenues are returned to The NewsBlocks Foundation, which distributes them to contributors. For example, in Year 3, Newslines revenues are estimated to be $57 million, which will return $5.7 million value into NewsBlocks. As Newslines’ revenues rise, the amount of value returned to NewsBlocks rises.
2020
Internationalize
Create Japanese, Chinese, Spanish and Russian versions
NewsBlocks aims to convert all the world’s news, past and present, into verified data and store it on a tamper-proof blockchain.
Anyone can use this global news archive to create a new generation of trusted news applications.
© 2018 The NewsBlocks Foundation