The Crypto-Economy for AN Independent Press
The media is broken.
It’s broken financially.
It’s broken in terms of meaningful content.
It’s broken in terms of ownership.
It’s broken in terms of its relationship to its audience.
And it cannot be repaired. It needs to be transformed.
This is the PressCoin opportunity
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PressCoin is a large, ambitious project to build an alternative global media ecosystem,
Introducing a new crypto-infrastructure that fundamentally redesigns how to create, design, fund, market, and deliver media.
The Presscoin system for media is like nothing the world has ever seen. Its a vertically integrated play, with a full stack approach, consisting of multiple tech enabled parts: protocols, platforms and ventures.
The value of PressCoin isn’t a single platform or revenue stream. PressCoin is a protocol, shared infrastructure and services, reference implementations, and an open developer ecosystem coupled with a startup accelerator program.
Presscoin protocols allow the platforms to earn a slice of the economic activity being generated on the platforms.
Presscoin platforms are independent companies with their own niches and overlapping and sustainable revenue streams.
Presscoin ventures scout the world for innovative talent and technology, thus creating a future stream of innovation and disruption.
Presscoin is registered as a public company in the UK: Presscoin Plc, 11040713.
The token issues by Presscoin are traded under NEWS
We have designed the PressCoin system to be reasonably self-regulated and transparent as opposed to other cryptocurrencies. Currently there are no regulatory bodies that oversee ICOs, and therefore, the PressCoin management has decided to take the initiative to treat this ICO as the public-fundraising that it is.
PressCoin tokens are constructed as equity-backed tokens, and the management will follow all appropriate transparency and shareholder requirements as required by public companies in the United Kingdom.
Unique asset-backed Tokens!
We are issuing a total of 100 million NEWS tokens. Each token is worth 1 USD at launch.
Bonus for the early investors
PressCoin is unusual as an ICO in many respects:
NEWS token offering equity: PressCoin is backed by a public limited company, and is issuing stock to back each ICO token. Each NEWS token will map to a share in the company and all eligible token holders will receive dividends
NEWS token offering utility
NEWS tokens can be spent in the Presscoin economy to participate, and partake in any services that individual platforms are offering.
In association with CointypeX a brand new Swiss-bank backed fiat/crypto exchange, NEWS will be liquid and tradeable immediately on completion of the ICO
PressCoin has completed the necessary legal preparations and is accepting direct fiat money investment, payments via PayPal, as well as investment via crypto currencies. Fiat participants will be subject to local jurisdiction restrictions
For the first time in the history of cryptocurrency, we are creating a remarkable asset backed currency, with utmost transparency. This is a much needed innovation in the world of ICOs, which tend to value cryptocurrency not on intrinsic value of underlying assets, but merely on speculation and trading.
PressCoin employs a unique new contract design for its tokens. It combines the best of utility tokens (such as Bitcoin) with the best of equity shares (such as a share of a public company).
Thus token-holders are akin to share-holders of a public company based in London, UK. Token- holders will be privy to annual reports, financials, etc, and will be able to interact with PressCoin Investor Relations on the basis of these shareholder rights.
Being backed by the shares of the PressCoin company itself, the token automatically increases in value as the revenue and traction gained by the platforms grows.
In this manner, investors are actually buying into not just the utility value of the PressCoin cryptocurrency, but also the economic value derived from the increasing revenues of all the interconnected platforms.
Therefore, unlike all the other purely fiat currencies in the world (including most cryptocurrencies), PressCoin is an asset-backed currency.
What better way to create a decentralized press than to base it on a decentralized currency that anyone can purchase? 90% of NEWS tokens are made available to anyone wishing to be a part of this historic endeavor to create a truly decentralized press.
7% of the tokens are made available to the founders to sell via offline channels.
3% of the tokens will be paid out towards costs of sales, advertising and promotion of the ICO