Why Content Creators Should Love Lunyr

Lunyr is a new crypto that has surfaced above from the frothy ICO seas, and for a good reason. We at Crypto Sailor will help you navigate this well. To start off, yes, Lunyr is an ICO that is ongoing. If you want to invest, you can do that now. Obviously, don’t be stupid and invest more than you can afford to lose.

With that caveat out of the way, let’s get to the meat of the issue. What is Lunyr and what problem is it trying to solve? Simply put, Lunyr is creating an entire incentive structure around content creation, which is decentralized. Your work is judged by your peers. The more you contribute, and the better your work, the more you get paid. There is no one ‘manager’ deciding how good you are. Your peers – fellow Lunyr owners and enthusiasts initially, and more later, will accept your works.

Initial Launch – Online Encyclopedia

However, Lunyr isn’t starting off as all-creative-works. In fact, its first main market is an online encyclopedia, like Wikipedia, but with a clever incentive structure. Under this structure, Lunyr will pay content creators i.e. people who contribute to the encyclopedia. This is as opposed to Wikipedia that is completely voluntary.

In addition to paying people who write for the encyclopedia, Lunyr will also have rewards for the editing process – again something that Wikipedia lacks.

So why provide these incentives? Mostly, it is to ensure higher quality of work. Wikipedia, as great it is, suffers from not having enough volunteers. There are Wikipedia hoaxes that have been perpetrated over years. These types of issues are expected in the system. However, Lunyr can help solve these problems because people now have a financial incentive to go look at the new commits being made.

The team is already building out a reader-friendly interface. Check out a sample below:

Lunyr Discovery

So yes, as ambitious as it sounds, Lunyr is trying to build an alternative to Wikipedia, with better curation and more topics because it is in the whole network and system’s best interest for this encyclopedia to be accurate and grow.

Beyond Encyclopedias

Since Lunyr announced the encyclopedia idea, people are hung up only on this. However, they are missing the point. Lunyr is about creating a product which has an incentive system built around it for content creation and content curation/editing. This is the real premise behind the idea. The encyclopedia is just the start. The team mentions VR in passing. That’s actually a huge market. Think about a system that has all manners of VR applications available, which are created and curated by the community.

The market opportunity is huge. We’ll of course need to wait and see how well the Lunyr teams succeeds in their mission and implementation. Which is why people are getting in early, and helping the team with funds through the ICO to realize their vision.

Check out the Lunyr site here.

Photo Credit: zappowbang

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TaaS: Closed-End Fund ICO to Invest in Other ICOs

TaaS, or Token as a Service, is an ICO, but is different from other ICOs in that its mandate is to invest in other ICOs to give returns to its ICO holders. Confused? Fear not, we’ll explain this project, true sailor style, Ahoy!

So firstly, TaaS is itself an ICO to distribute TaaS tokens. You can see the ICO details here. Just as with any ICO, the people who buy into the ICO will get the tokens, proportional to how much they have invested compared to others. This is a capped ICO. A total of 101 million dollars can be raised, and all other tokens will be destroyed if that limit is not reached (unlikely to reach that limit anyway).

Now for the fun part. TaaS is a closed-end fund. This means they will use the money invested in the ICO to invest in the markets. What types of markets? Well, crypto-markets of course! They will invest in other crypto ICOs and crypto currencies. This is the source of returns for the fund. A part of the profits are used to benefit the token holders, a part of it goes back to the team to manage the fund. Basically, it’s like any other fund, but the owners are crypto-token holders, and profits are distributed to them.

Another interesting feature of TaaS that distinguishes it from other projects is that they are building not just an investment platform, but also a research platform. This is an interesting development, because as crypto sailor readers already know, data is hard to come by in crypto. They are calling this Kepler. Kepler is aimed to be to crypto funds what Bloomberg terminal is to traditional financial funds, i.e. a one stop shop for all data and analytics for the industry.

So what is TaaS? It is a combination of investment and research product. Investment is via a closed-end fund. Research is via a product soon to be launched called Kepler.

So far so good, so why should you invest in TaaS? Firstly, if you don’t know what you’re doing, you should quit immediately, i.e. don’t invest any money. It is easy to lose money in crypto if you don’t know what you’re doing. Secondly, never ever invest more than you can afford to lose. If you lose all of your investment, don’t whine on the forums. Move on. Still want to learn more? Read on.

The value proposition is simple – TaaS will help you gain exposure to crypto as an asset class. This is important for more established and institutional investors. These people will not look at the thousand cyrpto coins and hundreds of coins/scams/ICOs to evaluate projects. Instead, they want a one-stop-shop place to gain exposure to this emerging asset class. TaaS offers such a solution.

But even for crypto enthusiasts who live and breathe this space, there is only so much research you can keep up with. Funds like TaaS help you go long crypto without having to worry about missing out the next big thing or going to scores of Reddit threads each day to figure out what ICOs are out and which ones are worth investing in. TaaS will do this for you.

Check out the website and whitepaper on their homepage.

Bitcointalk forum profile.

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