This team made a cryptocurrency specifically for upvotes

24 Oct, 2018
by Richard Allen
News
This team made a cryptocurrency specifically for upvotes

A team of developers have created PlusOneCoin. It’s a cryptocurrency that essentially allows owners to upvote content on two financial sites, ADVFN and Investorshub, Tech Crunch reports.

ADVFN founder Clem Chambers, as well as blockchain experts Michael Hodges and Jon Mullins are credited with the coin’s creation, which is now listed on several large exchanges.

“This bitcoin-like currency enables content providers and platform owners to monetize their social media sites while giving their audience more power to affect the social media content they consume,” said Chambers. “PlusOneCoins can be bought, swapped, given or mined by users just like Bitcoin or other cryptocurrencies.”

The coin does actually fill an important role. Publishers need a way to monetize content and encourage audiences to visit. A system for “proof of view” is also extremely important for the ecosystem.

“PlusOneCoin (PLUS1) is a social media validation coin based on a proof of work, ASIC-resistant blockchain,” said Chambers. “In the future, PlusOneCoin could be integrated into more mainstream social media websites and applications.”

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