Sharing economy based social network Corld has just launched its Token Distribution Event to reach its initial adopters. Having aimed to build the future of social networking through a unique sharing economy model, Corld will share its advertisement revenues with users of the platform through its Cedium token. Both individuals and businesses will be able to use Cedium, which serves as the sole accounting unit of Corld, for all economic transactions made within the platform.
Share of Revenue from Advertisers to Users
Cedium will be the sole payment method for buying advertising space on Corld. Advertisers will make payments in Cedium by using “Corld Ad Platform”. Corld users will instantly receive a huge portion of advertising revenue in Cediums if they prefer to view relevant ads. Corld users will be able to obtain Cediums via “Cedium Rewards Pool”, which holds 15% of total Cedium supply. One third of the Rewards Pool will be distributed to initial users and will continue to be distributed as maximum equivalent of one third of the remainder per annum. Corld users will be able to use their Cediums to donate, make economic transactions or simply trade them on selected cryptocurrency exchanges after the Token Distribution Event ends on 31st of December.
“Corld Aims to Reach 10% Market Share”
Corld’s Co-Founder and CEO, Cem Unsal had this to say on the launch:
“Unlike established social networks, which create wealth only for the few by monetizing personal data, Corld will share its economic value with its users. We do not see the token distribution event as solely a crowdfunding initiative as Corld takes its strength from its ‘community first’ approach. We see our token holders not only our partners and investors but also the early adopters of our social platform. Currently there are 3.4 billion social media users worldwide. We aim to reach at least 1% of this audience in the next couple of years, and up to 10% of social media users worldwide in the long run. We know that there are millions of social media users out there, who will be the first adopters of the future of social networking by embracing a collaborative world’ philosophy.”
One Solution to Most Common Social Network Problems: “Journey”
Having identified the most common problems in today’s social media as the lack of freedom, privacy, collaboration, relevancy and audience understanding, Corld differs from established social networks by resolving these problems with a unique content sharing concept, the “Journey”. As a visual collection of experiences, passions, hobbies and events, Journey resides at the core of Corld platform. Corld users can share and explore life by creating journeys based on their preferences or following other users’ journeys instead of following profiles. Corld opens the path to a collaborative world by enabling users and their collaborators create content together in collaborative Journeys. With all of its features “Journey” system will give all Corld users an exceptional social networking experience by allowing total control on what to share, how to share and with whom to share.
Cedium Comes with Bonuses
The pre-TDE period, which started on the 5th of November, will continue until the 3rd of December. The initial token distribution period gives users to benefit from bonuses up to 30% when purchasing Cediums at cedium.io. The bounty campaign also began for Cedium with 5% of the total supply waiting to be distributed to bounty hunters.
Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious bitcoin Cash (BCH) hard fork and watching the spectacle with great anticipation. At approximately 1:00 p.m. EST miners backing both implementations started the fork process in order to change the bitcoin Cash protocol ruleset. Currently, at the time of publication, the chain has split and the bitcoin ABC side of the chain is three blocks ahead of the forked SV chain.
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The day is here for the highly anticipated BCH network hard fork, with the protocol set to undergo some consensus rule changes. However, this particular ruleset change has two different competing client implementations that are incompatible — bitcoin SV and bitcoin ABC. There’s been a lot of debate and name-calling across social media, but today many BCH proponents believe hashrate will ultimately trump internet chatter.
from Coin Dance cash, at approximately 1:00 p.m. EST the first ABC block was found by the mining pool bitcoin.com at block height 556767. bitcoin.com mined another block at height 556767 with the new bitcoin ABC implementation’s ruleset. After the first block was mined, Bitmain CEO Jihan Wu bitcoin.com on the social media platform Twitter.
The first bitcoin SV block to be mined
Then at around 1:22 p.m. EST the first bitcoin SV block was mined at height 556767 by Mempool, cementing the bifurcation of the bitcoin Cash chain. Not long after, SV Pool found another block at height 556768, giving the chain a total of two blocks. bitcoin.com then found block 556769 on the ABC side of the chain and then captured blocks 556770, and 556771.
The current state of both chains at 1:55 p.m. EST on Nov. 15, 2018
bitcoin.com’s pool then found blocks 556772, and 556773, giving the ABC chain a five-block lead. BTC.com found the next block at height 556774 on the ABC side of the chain, but the SV chain found a few more blocks (556769, 556770 and 556771). Even though data sites have been lagging due to the traffic, the SV chain has been slower at showing blocks processed. At 1:55 p.m. EST the ABC chain had a three-block lead ahead of the SV chain.
Congratulations,
— Jihan Wu (@JihanWu)
There are a number of places online where people can continue watching the fork unfold in real time, as many analytical data sites are available. has a lot of information on its website, including recently mined BCH blocks, hashrate and distribution, and node count. The website shows four charts containing separate BCH implementations, including bitcoin ABC, SV, Unlimited, and Naybc. Colors correspond to the ECMH signature of each block’s content and help distinguish equivalent blocks, regardless of transaction ordering, the website explains. , a tool created by Bitmex, shows multiple BCH nodes and monitors the chaintips for any bifurcation. Similarly, the data site also shows viewers whether or not the BCH chain has split in a visual fashion. Users can also monitor and the Reddit forum for opinions concerning the BCH fork.
Even though the fork has commenced, it is highly recommended not to transact on either chain until the dust has settled between both chains and one chain gets a significant lead over the other. There is a chance a BCH transaction could be replayed on both chains by accident, unless the sender has already split the coins using some of the tools available online. The websites mentioned above — Twitter, r/btc, and especially news.bitcoin.com — will have a lot of eyes on the network’s stability over the course of the next several hours and days to come, and we’ll continue to report on the matter.
What do you think about the bitcoin Cash network hard fork? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Twitter, Coin Dance, Fork Monitor, and Pixabay.
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