maniecool: PEDITY

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Pedity

Here is an Overview of the project
Pedity is a simple community oriented content sharing platform where every user is rewarded PEDI tokens based on content and not on upvotes/votes from other users.

1.Articles

Write articles and get rewarded in PEDI tokens for sharing articles

2.Videos

Share videos and get rewarded in PEDI tokens for sharing that video.

3.Images

Create, capture and Share images and get rewarded in PEDI tokens for sharing images

4.Questions and Answers

For every successful answer user gets rewarded and also the person who has asked question will also get rewarded.

Here you get rewarded for every post your create, comment you make, user you refer. That means you are rewarded for almost anything you do on Pedity.

Ofcourse reward rate is dependent on various factors.

You can easily exchange PEDI token on Stellar Term exchange for Stellar Lumens. In simple terms, you are getting rewarded just by sharing content and the best part is that you don't need upvote or like to get rewards. Once you create posts, rewards are generated instantly. This is all thanks to the Stellar blockchain technology.

You can buy Pedity Tokens on Interstellar, StellarTerm and StellarPort Exchange where Pedity is listed as verified asset.

Mission

Our mission is to bring transparency in content industry using blockchain.

Features

Unbiased Platform

Rewards are unbiased, every user will get same reward at a particular time.

Instant Redemption

All rewards are generated almost instantly and can be redeemed instantly.

Complete Control

Users can delete their data and their account whenever they want.

Transparent Blockchain

Users can see all rewards data live on Stellar blockchain.

Limitations and Problems

Being in development stages, lot of things cannot be answered as well. But some of the limitations we feel are quite typical and we are also thinking of how to tackle them.

First problem being to accept PEDI asset, user has to create a trustline and for that the user needs to have some XLM in their account. We can fund 100-1000 users with our own budget and easily create their accounts with minimum balance while registration. Problemnwill come when Pedity will have more users, We have seen example in other blockchains where they use a faucet to fund their users. Certainly for trustline, a faucet (that transfer money in pennies) or something like that is not viable as it will need to transfer 2XLM per user (~1$) and with time XLM will get much higher value which is a situation

We are still thinking how to tackle this problem

. Second problem being once a value is credited to a user(here value is referred as PEDI tokens),

We would like to make sure that users don't go to exchange and change them right away. That might be a unhealthy ecosystem. For this, I have two plans

a Incentivize users if they have tokens for a particular amount of time

b Add two time slots where in first time slow the rewarded PEDI assets are first allocated and second time slot, where those particular assets are released so that user can trade.

These are few issues we are facing and certainly with time I will be able to solve them as it will give more insight how the platform is growing.

We believe in open source projects and by the time Pedity has matured Beta stage, all code will be released to public so that anyone can contribute to Pedity and learn more about it.

Pedity Reward Generation

Pedity is a PHP based platform and PEDI is the rewards generated using stellar blockchain.

PEDI is the currency which is awarded to users based on the content they are posting. In place of manually deciding the value of how much value a user is getting in PEDI per content, we are going to use few factors from stellar platform that will help us gain the value of PEDI tokens per post, the factors are listed below-

1.Trustline (Most Important )

The volume of content created

Volume of PEDI tokens traded in past 24 hour

Value per XLM

PEDI Token Sale

Total Number of Tokens — 3,999,999,999

30% Token are for Sale — 1,199,999,999 to bring funds for future development of the project

Pre-ICO Price 1 PEDI = 0.0005 XLM

16 million+ PEDI tokens already sold at SDEX

PEDI Token Distribution

Pedity has a very productive roadmap and the project is in premitive stage, even so our platform is live. You can explore Pedity Platform and see how it works. You can also see the RoadMap of Pedity to know our future plans.

Investors investing more than 1000 XLM will get extra 5% tokens and Investors investing more than 5000XLM will get extra 10% tokens.