PR Network (XPR) ICO Review
PR Network is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Token Name||PR Network|
|Price||1 XPR = 1 XLM|
|Hard Cap||50,000,000 XLM|
More about PR Network (XPR) ICO:
PR.network initiates the process of a global tokenization of all public profiles: All Media, Companies, Brands, Products, Politicians, celebrities will have a token created by the community, and you can create new tokens or participate in the daily token release, just by voting daily at PR.network. Join our growing community: vote/swipe public profiles to earn tokens every day. Every input generates a real-time time reviews and the value for every public token.
Public Reputation Protocol (PRP) is a solution offered by Public Reputation Network to add an extra layer of reputation on top of current internet protocol. In doing so, we offer rewards to our members on the basis of their contribution to depict the reputation of famous entities around the globe.
Based on a blockchain technology, our Balanced Binary Voting (BBV) mechanism creates a vortex-based environment, that ensures (1) the system is safe from bad actors and (2) to create a fair accurate and real-time reputation measurement platform.
Our members will be able to earn rewards by voting, in addition to creating valuable digital assets that may result in creating a new wave of millionaires. Based on a 12-tier Model, XPRs (Tokens) will start releasing from 20th April 2018. This model creates a balance between the supply and demand of XPRs. These XPRs will be available for purchase from PRN Platform.
Reputation is the single, most-valuable currency, one can ever possess in entire life Span.Reputation is a prime factor in awarding contracts that worth millions of dollars. Similarly, consumers make buying decisions based on the company reputation. Brightlocal’s 2017 study revealed the importance of reputation(1). According to their survey, 85% of consumers trust online reviews as much as personal recommendations. Furthermore, the same report revealed that Positive reviews make 73% of consumers trust a local business more.Business entities and Public Figures know the importance of reputation, they manage their online reputation through paid endorsements. Haters also know it; therefore, they leave bad reviews that could result in the tarnished public image.There is a need for a reputation measurement platform that offers fair, accurate and real-time measurement of reputationSay welcome to Public Reputation Network.
Public Reputation Network offers, or will offer:
Community-Driven Reputation Measurement
Public Reputation Network (PRN) enable ordinary users to share their opinions about public figures, places, things, and ideas collectively known as “Entities”. These opinions, in the form of simple (+) and (-) votes, will determine the real-time reputation of the evaluated entity.
Holistic Performance Appraisal
PRN will offer services for corporates by providing real-time Holistic Performance Appraisal of employees. This will enable the smart entrepreneurs or top-level executives in making Informed decisions about employee retention and ways to increase collective performance.
Digital Asset Creation
PR cards of the evaluated entities could become Digital Assets if they meet the minimum required Vote milestone. Members can purchase, sell, or exchange these digital assets through the PRN Marketplace.While Public Reputation Network is the issuer of XPRs (The introduced currency), for technical security purposes, each user will have complete control over the XPRs they purchase. This feature will ensure the security of user pool. Furthermore, the user pool will be hack proof.XPRs will be available for purchase from 20th April 2018.
The Problem with Reputation Measurement
In this digital era, positive reputation is the most sought-after asset. Having said that, online reputation takes time to build. Arduous work and smart decisions. However, some entities try to manipulate the system through paid endorsements. For instance, there are “like Mills” with the sole purpose of helping entities establish a positive reputation through fake followers and fake likes (2). Thus, the reputation of an entity on traditional online platforms could be misleading.Furthermore, if someone has a grudge against an entity, he can easily damage the reputation of that entity through posting negative reviews everywhere. This hate speech is a widespread problem on the internet. There is no way to stop these hate spreaders on traditional online platforms.Both paid endorsements and hate speech make it hard to measure the real reputation of an entity. In a business environment, reputation matters for awarding contracts. Consumers also make their buying decisions by considering reputation.Still, paid endorsements and hate speech are not the biggest problems. The single eye view of social media, which we call “Illuminate Pattern” is the biggest problem. The traditional social media only shows the “likes” or “followers” of an entity, whereas, the other side of the equation is not shown. Business decisions cannot be made based on a single eye view. Consumers cannot make buying decisions by only viewing one perspective. So, they check online reviews and as mentioned earlier, that through paid endorsements, entities can manipulate their online reputation.In this context, there are three main stakeholders.
They want a platform that could offer fair and accurate reputation measurement.
As reputation is hard to earn, they want a platform where neither the hate spreaders could tarnish their image, nor the competitors could surpass them through paid endorsements. The reputation should only be based on merit.
They want a platform that could give them the ability to give their fair opinions. Morespecifically, a platform where they can give (+) or (-) votes to the entities that matter to them.These Decision Makers, Entities, and Public want a solution for the common internet-based problems including Paid Endorsements and Hate Speech.
Ester and Jerry Hicks introduced the concept of Vortex in their affluential book “The law of attraction”(4). They defined vortex as the alignment of source energy. More specifically, vortex revolves around an axis line (Source). A moving vortex carries some form of linear energy, momentum, or mass.BBV will create a Vortex-based environment because the reputation will be moving along an individual voter. As one of the main components of BBV is Balanced votes, the voters will be required to create a harmony by creating a full vortex. A Full vortex means that voters must stabilize their energy, by giving two votes instead of one, however, these votes to be in the opposite direction.Balancing votes is important because it will balance the source energy. Being out of vortex means that the voter is energetically volatile. The vortex-based environment of BBV will enable the voters to stabilize their energy.The theory in its entirely is stable and offers value for the voters and decision-makers alike. Rafal Wyszomirski developed this theory and he has been using the beta version in the innovative startup known as “Public Reputation Network (PRN)”.
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