What is KOK?
Keystone of Opportunity and Knowledge (KOK) is a decentralized blockchain-based platform that aims to revolutionize content creation and consumption. KOK was founded on the principles of transparency, fairness, and recognition for content producers. The platform is accessible to everyone who utilizes blockchain technology.
One of the primary goals of KOK is to address the issue of information monopoly prevalent in traditional content platforms. In addition, KOK aims to eliminate the high fee system and decrease instances of platform curation monopoly. KOK strives to ensure that all content creators can fairly and equitably utilize the assets of the platform while guaranteeing true creative freedom.
According to KOK's whitepaper, most content platforms generate revenue through centralized systems that extract high profits from downloaded applications. Such platforms also face issues with blockchain technology, such as fraudulent activities and theft. Additionally, adoption of new light programming languages may decrease the reliability of chain codes and smart chain contracts, which can pose security threats. KOK claims to be a worthy innovation by creating a productive environment for DApps, which provides solutions to these issues.
The KOK platform is unique in creating a distinction between general users and view bots through the staking of KOK Token within a self-verified KOK wallet. The token is essential to the platform and used for ownership, distribution, payment, and compensation for content. The distribution and issuance of KOK tokens are determined by the token's original value, circulation, and consumption volume. Payment rates are deducted automatically based on transaction demand, market circulation, and total staking figures.
KOK also allows its users to create NFTs out of content like images and videos, establishing ownership and trading acquired items. Copyright transactions are activated through NFTing the copyright of music, images, and movies. As a DAO, KOK operates as a decentralized autonomous organization where decisions are made by individuals who stake their tokens on the platform.
KOK's whitepaper was published on November 21, 2019. The team of KOK involves significant advisors like Dr. Thomas Frey, the director of the Da Vinci Institute in Colorado, and Jill Carrigan, a blockchain educator and advisor.
The platform releases new tokens once a day to provide new coins to service providers and service facilitators, with the percentage of new coins received by each service provider depending upon the percentage stake they own in the liquidity pool. Additionally, some tokens issued to mobilize the platform are paid as compensation to both buyers and issuers of NFT. Token holders delegated to masternodes receive additional rewards, with an amount of profit generated within the platform returned to the platform. KOK Token holders can mine the coin in several ways using the KOK platform.
In summary, KOK aims to create a fair and transparent platform for content creators and consumers, addressing issues present in traditional content platforms. With its unique features and innovative approach, KOK is a platform to watch out for in the blockchain-based content creation and consumption space.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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