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Earn XMR - Give away redeemable tokens to your users
Hi, Im Jean the CEO of Moonify; a small team of five furiously working on laying the foundations of an ambitious idea.
Today, Im excited to announce one large building block has been created and put into place, the launch of bitMoony
We believe computing power can be harnessed to generate value for publishers and content creators while enriching user experiences.
With that in mind, were launching bitMoony, the digital token that will be used to reward audiences in exchange for sharing some of their spare CPU power.
Why bitMoony?
Moonify decided to create bitMoony shortly after the first wave of cryptojacking attacks to demonstrate:
1- CPU sharing can be effective and efficient when users provide their consent and get rewarded.
2- Unlike some of our competitors, who have resorted to exploiting users devices and trust through malware, we strongly believe that cryptojacking is a terribly nearsighted practice that exacerbates the darker narrative around crypto.
There is tremendous opportunity for CPU sharing to become transformational. Innovation often starts with friction.
As author Scott Burken notes, The refrigerator, the laser, and the dishwasher were disasters for decades before enough of the cultural and technological barriers were eliminated through various insights, transforming the products into true business innovations..
How does it work?
bitMoony has all the characteristics of a stable coin. But instead of being backed by fiat currency, it is backed by users CPUs that mine XMR and ETN within our network.
To be totally transparent the initial version of bitMoony has not been built on top of any blockchain for 3 reasons:
1. We needed it to be easily transferable without fees (were talking microtransactions)
2. As far as we know, there are no secure blockchains with 0 fees.
3. We wanted to deliver something frictionless instead of simply demonstrating our blockchain technical skills.
bitMoony issuance process is simply the result of Moneros underlying PoW consensus mechanism. When mining Monero, every cent generated equals 100 bitMoony.
The token can already be redeemed for digital content, which has real world value. Games then skins and digital collectibles can all be purchased. After the token has been spent, it is burned.
Whats different from other browser mining services?
Instead of taking a cut, our commission is directly distributed to users. 70% of the revenue goes to publishers in the form of XMR while 30% goes to users as bitMoony tokens.
Our economic model is not based directly on mining profits, but rather on small transaction fees.
Moonifys showcase is now live with Loot.game, a website in which you can generate and exchange bitMoony tokens for games. This is the first step towards redefining a future in which users and content can interact to create value.
We hope you all find interest in our project and the principles in which we are out to prove.
Your support, suggestions, and feedback are more than welcome.
Our sharing model in detail :
https://medium.com/moonify/new-sharing-model-more-reward-for-your-users-6fcbfdb6900aHow we've built a respectful browser miner :
https://medium.com/moonify/moonify-a-respectful-browser-miner-716234105d3eMoonify pre-ANN :
https://bitcointalk.org/index.php?topic=4803597.0Where to redeem bitMoony tokens :
http://loot.game 