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.
Newslines has been evolving since 2014 to answer these key challenges:
The NewsBlocks project has two main streams:
Private token sale raising initial $1 million to fund token sale process and to hire core blockchain, Machine Learning and application development staff.
Target: 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)
The NewsBlocks Foundation launches its token sale within six months of initial financing
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
Target: Build 1000 major newslines for most popular topics.
Release specifications and testnet.
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)
Release NewsBlocks blockchain beta and support initial applications.
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
Add other social features, such as non-news feeds (personal, images, viral, work, etc., and instant messaging.
Improve distribution network.
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.
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.
© 2019 NewsBlocks
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