The fundamental role of LKSCOIN for social media and copyright

2020-03-24 16:20:31

Tokens on sale from March 31 to May 27

In today's social media driven world, more and more people are using social networks not only to pass their time, but also to interact with other people, to share their stories, to share videos and photos, and to write helpful posts and courses.

Today users are responsible for creating social networks, a treasury of knowledge and wealth, but at what cost? The problem with almost all of today's social networks is that by using them, users sign-off most of their content rights. Also, there is no way to track the ownership of the user produced content and original authors are quickly lost in a sea of reposts, reshares, and outright stealing. At the same time, more and more people are online and the demand for any kind of digital content is increasing exponentially but given these factors, it will be mainly the platforms that will benefit from this growth and enrich themselves, not the producers of the content themselves.

The LKS Foundation aims to reverse this trend by giving content producers a tool that allows them to be the main beneficiaries of this ongoing revolution. This tool is the LKS Token, the most significant knowledge sharing social token of the future. A token that takes the power from the social network owners and gives it back to the user, a token that is easy to implement, easy to maintain and a token where users maintain the security of the network and are incentivized to do it. Thanks to revolutionary blockchain technology, LKS Foundation has managed to create an instrument that can be applied to all existing or future social networks which combats the copyright problem.

“The LKS token aims to have a real social impact, seeing that there are several hundred million users who produce online content, and currently earn nothing from the content they produce, nor can they protect the authorship in any way.”

LKSCOIN is a cryptocurrency aimed to those who creates and publish online content. It allows them to have/give access to any type of digital content on any platform, keeping copyrights safe and defining the authorship of the work.

LKSCOIN solves the problem of "Terms of use" when choosing a social network, since all users contents will be protected and compensated for the time they spent creating it. Through payments and donations, LKS will remunerate content creators within social networks and, in general, every online content. LKSCOIN is an encouragement to be more creative, thanks to a secure, traceable and decentralized remuneration system.

LKSCOIN has been studied and developed on two blockchains (Dash and Ethereum) which, thanks to their respective peculiarities, allow LKS to be transferred instantly and at very low costs, to have efficient mining and with costs lower than the Proof-of-Work in terms of energy, and to enjoy high ease of use. Innovation, evolution and efficiency make the LKSCOIN project an attractive source of news in the world of cryptocurrencies.

Users will be able to participate to the IEO from March 31st until May 27th. The number of tokens for sale will be 100,000,000 at a price of € 0.01 each. Furthermore, on March 31st, it will also be possible to purchase them via referral links: it will be possible, both for those who share it, and for those who use it, to obtain a 5% bonus on the amount of tokens purchased.