WEBLOC Protocol | Ecosystem and Participation Reward

The advertiser doesn’t have to spend a huge number of cash on placing their ads in a better place. They can offer rearwards to the consumers and the consumers can get compensated for their participation via the block-chain backed token system. In order to shift the usual advertising system toward a Block-based one, there have to be many advertising networks in the marketplace and the networks have to be linked via the block-chain powered protocol to have a remarkable impact.

About WEBLOC Protocol

WEBLOC Protocol is a project on the ICON foundation that aims to help ad systems build decentralized advertising system. These systems will let the advertiser publish advertisements at affordable costs while viewers will get compensation for the participation.

Features

WEBLOC Protocol aims to move the center of the gravity from promoters to consumers in order to make a horizontal and interactive virtual advertising system. The advertising system linked with the WEBLOC Protocol slowly evolves into a decentralized Advertisement Exchange system. Unlike the existing advertising system where just advertisers led trades, every contributor can make mutual deals in decentralized Advertisement Exchange.

Token

• WEBLOC Protocol is one of the primary few token to be made on ICON block whose TPS is 9k.
 WEB token is a tradable utility token that can be applied to gauge the value of entire the token issued via the WEBLOC Protocol system. Users who wish to join the network have to convert their WEB token to WEBP token.

• WEB token is a network token circulated fairly to contributors of the system as rewards for their participation. WEBP token in users’ balances can’t be exchanged to WEB token until the end of 65 days of holding.

• The ICO token sale schedule has not been confirmed yet and token allocation plan is not availed.

Ecosystem

Media, advertisers, and platforms contributing in the WEBLOC Protocol system are vital members of the WEBLOC Protocol. Between several media and platforms forming the WEBLOC Protocol system, advertisers can find the top one that maximizing advertising impacts of their items or services and invest reasonable value of budget for ads.

As platform and media play the main role helping advertisers and consumers exchange info, they can participate to boost in the value of WEBLOC Protocol tokens widely, likewise, the WEBLOC Protocol system will play the part of WEBLOC Protocol governance that keeps the system rich to encourage the members to make efforts to boost the importance of WEBLOC Protocol while preventing the members from having, minus impact on the value of WEBLOC Protocol.

Data Provider

Media and advertisers play the vital role of promoting campaigns to encourage consumers to contribute to ads or delivering needed into to consumers. As an outcome, consumers looking for essential data will contribute to WEBLOC Protocol with receiving rewards.

The rewards in the system will also be given to the advertisers and media who deliver data essential consumers. Advertisers who’ve executed ads at affordable costs will offer content with even super quality to consumers so that consumers can actively contribute to the WEBLOC Protocol system.

Moreover, advertisers and media can acquire tokens compensation for the consumer rewards given by advertisers in the WEBLOC Protocol when they successfully make a certain range of users contribute in their ads.

Users

Users can acquire rewards just form the consumer’s pool. However, if consumers conduct abusing maters while contributing to ads, they’ll be excluded from getting rewards. Reward tokens can reclaim by abusing activities will not be burnt but reallocated to the teams developing and controlling the system and abusing management plans the rate of 8:2. With these rates, it’ll be possible to offer the compensation back to the promoters and media who had to spend unfair advertising charges due to abusing matters. The team dealing with abusing mattes contributes to the clear management of the WEBLOC Protocol system.

Abusing prevention calculate

The WEBLOC Protocol is the spot where consumers and advertisers can contribute and share info with a top level of trustworthy and transparency. Abusing matters of consumers undermining the trustworthy and transparency of the WEBLOC Protocol and degrading the amount of WEBLOC Protocol, such acts will be regulated on the basis of abusing laws inside the WEBLOC Protocol.

As an outcome, the WEBLOC Protocol can evolve into the clear and dependable advertising protocol. Abusing laws suggest diff penalty levels to consumers according to the advertising types promoters contribute (CPI, CPM, CPC, etc.). more than 80 percent tokens reclaimed from abusing will be included into the system distribution portion, which takes 15 percent of the complete token allocation. The abusing laws team can use the reclaimed token to stop abuse in the WEBLOC Protocol, separated from existing token distribution.

WEBLOC Protocol system maintenance

It’d be the most vital thing for the WEBLOC Protocol system to raise the values of WEB and WIP tokens while keeping and managing the WEBLOC Protocol system. The system is In charge of overall jobs from rewarding advertisers and media to punish abusers. The WEBLOC Protocol system can receive fees to keep WEBLOC Protocol system clear from WEBLOC Protocol contributors. The minimum prices for maintaining the system will be charged in WIP and the corresponding tokens will be applied for the preservation purpose only.

Participation reward

The contribution rewards for consumers will not be given to consumers when they contribute in instantly. On the basis of the day user’s end participating in ads, rewards will be given throughout a week.

For the 1st, 2nd, and 3rd day, rewards will not be providing until concluding checking the abusing on the ads. If any abusing matter is found during the 3 days checking the abusing outlines, the certain consumers who participated in ads in the WEBLOC Protocol ecosystem will be instantly excluded from the prize targets . And the abusing consumers will get punishment points on consumer levels in the WEBLOC Protocol ecosystem grade that influence the level of status rewards. 100% of abusing consumers’ contribution reward coins will be reclaimed to the consumer reward pool and turn into the token provided for user repute rewards.

Through Users showing no symbols of abusing will get rewards regularly on the 4th date from the occasion user’s finish participating in ads: 20%, 30%, 40%, and 10% on every 24 hours.

Value of WEBLOC Protocol

Token Inflation
 Token inflation level is vital techniques managing the token issue value to keep the value of tokens in WEBLOC Protocol system. 40 percent of the complete tokens issue value will be distributed via token sales while 20 percent for the consumer rewards pool and 15 percent for the system. After the token release, the first inflation level will converge to inflation feature with the algorithm of the rate of 1 percent.

Token release rate has a straight impact on the values of WEBLOC Protocol tokens and in the WEBLOC Protocol system. The token inflation ranks are inversely proportional to the range of contributors in the WEBLOC Protocol system and time.

As the range of consumers in the WEBLOC Protocol system, the range of WIP tokens given to the consumer reward pool promoters can reduce. But the collection of the complete tokens issue is fixed, the amount of any token can boost clearly. As an outcome, the token release value reduce as the demand for token boosts but the token worth can surpass the expected values as the complete release value is fixed in the WEBLOC Protocol system.

Novel token issue amount New WEBLOC Protocol applies the inflation rates in the consumer reward pool and whole issue amount of the WEBLOC Protocol system. Inflation rate (%) is inversely relative to the value of users and time. So, when the range of users increases by 100k in the first inflation, the inflation rate reduces by 0.5 percent in the shape of the Gaussian feature. In every 12 months (t), the inflation rate reduces by 0.5 percent. In other words, every single year, the rate will reduce by 0.5 percent every year in the form of a Gaussian feature. If the collection of user’s boosts as time goes, the rates will constantly reduce converging to the ratio of 1 percent. The full token release amount can’t exceed 3,500,000,000 tokens distributed for the user reward pool and the system.

WIP and WEB value swap

Users can obtain WIP tokens by contributing in ads in the WEBLOC Protocol system. Users can get extra rewards other than the WIP tokens got by contributing in ads, according to the typical of consumer reward pool. Users also can demand for swapping WEB to WIP tokens. However, the exchange from WIP to WEB will be preceded by every 7 days evenly over 13 weeks. The swap will start 7 days later since the demand date and the swapping procedure can’t be stopped in the center of the procedure.

Future value of the WEBLOC Protocol system

The first ecosystem of WEBLOC Protocol will mostly consist of advertisers and users contributing in ads but once the WEBLOC Protocol system effectively builds a stable framework, it’d evolve into a constitution where users are offering info and consuming info as well. Users acquire rewarded with WIP by participating in ads until now, the WEBLOC Protocol system will finally evolve into a self-sustainable system where every user can share info using WIP as the medium and both offer and consume info according to their requirements.

Useful links:

For further info PLZ visit following links:

• Website: https://webloc.io
 • Whitepaper (KR): https://static.webloc.io/whitepaper/weBloc_whitepaper_kr.pdf
 • Whitepaper (EN): https://static.webloc.io/whitepaper/weBloc_whitepaper_en.pdf

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