BigONE Listing Project Review: What is POP NETWORK?
POP, also known as POP NETWORK, is a decentralized blockchain and artificial intelligence application ecosystem that aims to disrupt the monopoly status of the traditional streaming media industry to create and gain value for the community. Currently, the max supply was 1,600,000,000 POP. Using a dual-token encryption economic model, Pop Network (POP) aims to meet the demands of mass-market consumers for decentralized applications. Tokens from POP Network (POP) are used for mortgage management, protection, and systems management. In contrast, tokens from the legal exchange (LIT) are used as stable operating units for internal transactions. Content can be monetized through blockchain efficiency, and community incentives can be aligned with native tokens. Valueless media in the system can thrive with the support of the POP NETWORK community users.
Traditional streaming media’s creation cost is extremely high for viewers, who cannot reap any return on investment. However, POP NETWORK will not put all power and rewards in the hands of global corporations but will instead democratize user access. Combining the blockchain monetization model and peer-to-peer distribution, POP NETWORK will bring viewers and users into the era of full customization of streaming media.
POP NETWORK functions:
- Super delegated proof of stake blockchain: POP NETWORK implemented a hybrid method of super delegated proof of stake (SDPoS) to meet its unique requirements. Blockchain consensus is a mechanism by which a decentralized network can maintain a synchronized state of its blockchain. It facilitates the addition of legal transactions to the blockchain so that consensus can be reached. Furthermore, consensus can confirm transactions without a trusted third party, which is the core principle for decentralization.
- Artificial intelligence content review: The design of POP NETWORK follows the people-oriented concept and always adheres to the basic responsibilities of human beings to each other. POP NETWORK is conceived as a technology that promotes human freedom rather than exploitation. Therefore, artificial intelligence content review is an important part of the POP network.
- Decentralized content distribution network: POP NETWORK aims to create an equitable media distribution system that will create value for all participants in a way that was not possible before blockchain technology. It is only possible to accomplish this goal through an effective decentralized content distribution network.
The objective of POP NETWORK is to use cryptocurrency to create economic incentives that will empower all stakeholders to engage in behavior that will keep the network healthy and prosper. With the help of economics and game theory, our encryption economic system aims to create a single result, such as the widespread adoption of POP networks in the streaming media economy. Values in any form, implicit or explicit, are designed to achieve this. Using a dual token structure, POP NETWORK coordinates collective actions among its participants. POP is a native utility token used for mortgage, protects, and manages systems, whereas the LIT legal exchange token is an internal unit for transactions.
POP was originally launched as an Ethereum ERC 20 token. The token exchange mechanism before the main net launch will provide feedback and implementation during the development process.
POP NETWORK is fundamentally independent of the type of media distribution service. The platform is built similarly to the ERC 20 standard, allowing any token on Ethereum to be used by other applications. This concept can promote the formation of a developer community dedicated to building a distributed service ecosystem and essentially forming a new streaming media economy.
About BigONE
BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.
