Kriptoks

Ideamarket is a blockchain-based platform launched in February 2021, that utilizes markets to create common knowledge without the need for trusted third parties. In essence, Ideamarket is a marketplace for ideas, where genuine and reliable information is rewarded by a high market capitalization, while bad actors must pay out of their own pocket. The platform aims to offer credible information to users while avoiding centralized fact-checking.

The utility and governance token used on Ideamarket is known as $IMO, which serves several functions, such as making community decisions regarding the future of the protocol, as well as paying for protocol-specific features and services.

Ideamarket launched IMO on February 2, 2022, with a total of 100 million tokens created at genesis. Out of this number, 18% is reserved for the current and future team, 10% for strategic partnerships, 10% for early investors, 25% for the ecosystem and treasury, and 37% for community rewards programs, including a 5% retroactive airdrop.

The founder of Ideamarket is Mike Elias, a psychology writer who has published on Ribbonfarm and has been working in top crypto startups since 2017. In 2019, Elias published an article describing the concept of Ideamarket, which caught the attention of Balaji Srinivasan and Erik Torenberg, leading him to hire freelancers from Gitcoin and start building the platform.

Alexander Schlindwein, who won three of the largest bug bounties in Ethereum history, wrote Ideamarket's smart contracts. The current CTO is Mac Dziedziela, who previously led the development of Pottermore, a popular Harry Potter game, under JK Rowling.

Ideamarket is an innovative platform that incentivizes credibility and community governance. The platform aims to reward accurate information and trustworthy sources while eliminating the need for centralized fact-checking. Through its use of markets to create common knowledge, Ideamarket enables users to curate their social media feeds according to market confidence.

Ideamarket's approach to governance involves the use of the $IMO token, which is used to make community decisions about the platform's future, as well as paying for protocol-specific features and services. The token was launched in February 2022, and 37% of the tokens are reserved for community rewards programs, including a 5% retroactive airdrop.

The platform's founders, Mike Elias and his team, are experienced professionals in the crypto space, and the smart contracts were written by Alexander Schlindwein, who has won several bug bounties in Ethereum history. The current CTO, Mac Dziedziela, has previously led the development of the popular Harry Potter game, Pottermore, under JK Rowling.

Overall, Ideamarket is a unique and innovative platform that seeks to revolutionize the way we access and curate information. Through its use of decentralized credibility and governance, the platform offers a new way to approach trusted sources of information, providing a promising solution to the current issues of centralized fact-checking.