What is PUBLIQ?
It is an interactive platform with open access for everyone, where direct exchange of free content takes place between their creators, distribution channels and consumers or users (together - participants). Here, any participant, which can also be an advertiser, can promote this or that content, his own or someone else's, paying for this with PUBLIQ utility tokens (internal digital or cryptocurrency), PBQ for short. Thus, the participants create a constant internal income, which PUBLIQ completely and immediately, or rather, every 10 minutes, distributes among all participants, in proportion to the share of each in generated income. In turn, the share of a participant is determined by the number of views their content generates in each 10 minute period of time.
PUBLIQ technology allows to automate and manage all processes for the exchange of free content and distribution of income using ‘smart’ contracts and algorithms, thereby minimizing the risks of possible manipulation by the participants themselves.
Each PUBLIQ member has his own digital wallet, with which the participant can accumulate and exchange any cryptocurrency, including PBQ. PBQ can be freely exchanged for any other currency, like crypto or traditional (fiat), thus participants can freely dispose of their PBQ income, say, buy themselves a coffee or a car.
PUBLIQ automatically issues new tokens following a simple release schedule and regularly every 10 minutes. For example, in 2019, 50 million PBQs were released in this way, and in 2020, 40 million. The total number of tokens slated for release until 2027 will be 500 million PBQ. All newly issued tokens, as well as the total ad income, are distributed among all PUBLIQ participants depending on their share of participation. Thus, the income of active participants will constantly grow.
Let’s review some examples.
Let's imagine that in the last 10 minutes, there were 10,000 views of posts on all channels that distribute free content in PUBLIQ.
One publication, an article on one of the PUBLIQ channels, Daily News (DN), posted by the author Maria, collected 57 views, meanwhile, all publications on Daily News collected 1,435 views during this time. In those 10 minutes, PUBLIQ also ‘accumulated’ 10,000 PBQ of ad revenue. After the 10 minutes, PUBLIQ’s ‘smart contract’ will transfer 57 PBQ to Maria’s wallet, and 1,435 PBQ to DN’s wallet, while the rest of the 10,000 PBQ revenue will be distributed among other participants who also had views during those 10 minutes.
In turn, DN decided to reward Maria for publishing regularly on their channel by sending 1,000 PBQ to her wallet.
Let's also imagine that at the end of the month Maria has 50,000 PBQ in her wallet. The PBQ rate to the USD is currently 100 to 1. Having exchanged 50,000 PBQ, Maria will receive 500 USD and can spend them at her discretion.
The producer of yogurts XYZ, one of the advertisers in PUBLIQ, after reading Maria's article on Mirror, where she writes about the beneficial properties of yoghurts for children, including XYZ’s yoghurts, decided to promote her article on all PUBLIQ channels. To do this, the advertiser in less than 15 seconds (you can say while reading the article, and without leaving the article page) created an automatic order to promote the article for the next 10 days, paying 2,000 PBQ for this.
The mother of two-year-old Alex, Jain, who reads all the articles written by Maria with pleasure, also wanted to encourage her, and transferred 500 PBQ to her wallet, and also paid 100 PBQ to promote Maria's article “10 Tips for Caring for the Oral Cavity of Babies”, considering, that other moms will find it helpful to read it too. Jain also regularly shares links to Maria's articles on her pages in social networks.
Jain has a PUBLIQ wallet, as she is a user of another channel on PUBLIQ, a new generation photo bank, mobile app Focccus. She was attracted by the simplicity of the application, as Jain describes her experience to other acquaintances, “everything is done with one“ click ”: you go into the application (it will take less than a minute to register and get a wallet), upload any of your photos and as others view your art, you get a permanent income to your wallet: it's that simple! ”.
Another PUBLIQ channel, Health magazine, decided to publish one of Maria's articles and from the other, take an excerpt for its editorial. For this, the journal does not need to obtain permission from Maria, since PUBLIQ monitors any progress or action with the article of Maria, or a separate part of it, and all PBQ revenues that are generated as a result of the ‘use’ of Maria’s article by other participants are fairly distributed between the participants and Maria. Thus, Maria, who before joining PUBLIQ tried in every possible way to prevent the use of her articles by other publications, and even sued one of these “users”, is now interested in distribution by any channel or participant on the PUBLIQ platform, since here she receives a reward from any use of her property.