The essence of this problem is related to the economic model and business model of the platform, so I took it out separately and sent an article to clarify it.
There is a question, since our project is for paid knowledge learning, how can we ensure that most people come to us to learn instead of those free knowledge platforms?
This question takes a long time to explain
In fact, it is mentioned in ama and the white paper.
The most perfect business model is knowledge payment. However, the current situation is not feasible. Users come to learn and make money, not to give you money and then learn your knowledge.
So the current economic model is not paying for knowledge
Why pay for knowledge is perfect, because someone provides knowledge (creating knowledge), which is labor and provides value; some people come to learn and pay to learn. One gives money, the other gives knowledge (provides value), and the business loop is closed.
But paying for knowledge is very difficult.
So our economic model:
1. Use the logic of KNOW TO EARN to tell users that they earn while learning. You make money by studying. (As if you can make money by walking by stepn)
With the first step, users feel that they can make money and increase their knowledge. Done!
2. I'm sorry, learning can make money, but there must be a threshold (nft of student status and school toolkit). This threshold is actually the cost of learning. It is also the core of the profit model. It is also the main income of the project, and it is also the source of income for all the holders of Genesis nft, the holders of knowi dividend tokens, and those who create knowledge (pay knowledge). This is the truth.
At this point, everyone will ask, isn't the user here to make money, the user needs to pay first. In fact, a core logic here is that if the consensus is established, the user pays iotx (buying student status) and earns know.
If KNOW is based on the establishment of consensus, and the currency price continues to rise, everyone will be happy. If there is no consensus and the price of the KNOW currency falls to the balance line, then users will naturally be reluctant to buy nft to mine KNOW (that is, they are reluctant to learn).
3. The question of where the topic (knowledge) comes from.
We directly involve all users. Only in this way, we think can be bigger. Otherwise, how many years will it take to build this knowledge base, I don't know, it will definitely take a long time.
Only by fully mobilizing the wisdom of all users, everyone can participate together. But to give a reward (20% dividend income).
This extends the question of why knowledge created by knowledge creators can be published. We boldly introduced the concept of professional nodes. And let the nodes vote in a decentralized way. Give nodes a little incentive.
In the future, these can be introduced into professional colleges and institutions.
Then based on these foundations, we will regularly engage in activities (every day) and participate in competitions to mobilize enthusiasm. (We take out 5% of the dividend pool to reward the top 75 users). At the same time, participating in the registration needs to consume KNOW to achieve deflation.
We take out another 5% of the dividend pool and use it to repurchase KNOW from the market, and it will be destroyed after the repurchase. It is also deflationary.
So far, the deflationary economic model has basically been established.
In addition, we will be associated with travel punch cards in the future and use the unique meta pebble capabilities of the iotex public chain. This is not just to talk about the popularity of iotex, but because it is not enough to learn by reading dead books, so we encourage traveling thousands of miles, rather than reading thousands of books.
After answering, please collect it and digest it slowly. This is the core of our project operation. If not digested and understood. It means a mindless investment.
I encourage everyone to read more of the white paper, especially those who have invested more