Democratize the Platform
Over in FLUT land, our newest challenge is all about how to make the platform self-sustaining economically and self-curating democratically.
In the spirit of true decentralization, our content needs to be curated by our user base. For example, if an audio file is out of favor with the user base (ie not original, muffled garbage, etc..) there needs to be a way to flag it be cast into THE PILE — a place where audio files go to live a life of obscurity removed from our main page and search functionality, but are not deleted. Content in this deep dark place will not be eligible for profit.
In order to ensure fairness and reduce the number of single users with multiple wallets, ENS names will be required in order to flag content and vote on its validity. In addition to ENS names, the wallet must have been recently active on the platform AND paid any subscription fees owed (more on this below). Therefore, the number of total users on the platform who can vote is the sum of all wallets with an ENS name, some recent activity, and no debt. If no action is taken within 7 days of content getting flagged, it will be unflagged. While content is flagged, users can vote on whether to cast it into THE PILE, or defend it from DOOM.
Therefore, the platform is to be made in the same spirit as Ethereum itself — the network remains functional as long as there are more good actors than bad.
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Economically, the platform needs to ensure its value by holding more resources than it distributes. So at the time of this writing we plan to monetize the cost of the subscription in ETH and reward content creators in FLUT. The platform will keep 10% for server maintenance and additional development. The rest will be distributed to wallet addresses with content that has accumulated playtime (if you haven’t seen the platform in a while, we now keep track of the number of plays per song. Each song has a play-count that is increased when 85% of the length of the song has been reached). FLUT itself will be the main utility token to be used for purchasing Avatars, minting audio into NFTs, and promoting your songs on Featured Channels. Users can also be rewarded for organizing content into Playlists that receive a fraction of the profit generated by the songs themselves. More popular playlists will be featured on the Home page as well as your User page if you made the Playlist or if your content was featured on one.
And this is only the beginning. There are more nuances to discuss, more conversations to be had, and more features to be developed.
✨The most important step for us to take together now is to upload more content and scale our operation to the limit. We need songs: hundreds and hundreds of high-quality original audio files to broadcast night & day all over the world so people tune in to our frequency. ✨
