How Can This Blockchain Platform Help You Earn?

This paid story is brought to you by Fanfare

Have you surfed through youtube for product reviews? That’s a wise idea because they give us a realistic view of the product, unlike commercials which are hyped up and dramatic. Product reviews made by consumers are more trustworthy they even influence other consumers to buy products. If you like to make such product videos you can earn.

https://medium.com/media/4d4b94ceb1f95177e53ecd2ecdc19a40/href

However, youtube is not paying producers like they used to. They also lack integration with e-commerce platforms. Since it is difficult for brands to monitor conversions.

Fanfare built a platform to help consumers and brands. Consumers would get paid to influence others to buy. Brands can get a better return for their investment because they only have to pay influencers when a sale happens.

Fanfare has already made a fully functional platform. Their product has got more than 200,000 downloads from Google Play Store and iOS App Store.

Now, they are planning to replace their centralised coin system with ERC 20 Fan Token. One of the benefits of the ERC 20 token is that they are tradable. If you have earned FAN token for promoting products, you can exchange it for other crypto assets or even fiat(ex: USD).

Blockchain will ensure all the activities in the system are recorded and available for public view. Influencers can ensure they are incentivised adequately for their work. It brings in accountability and trust into the system.

If blockchain integration works out well, platform’s maintaince cost would be minimal. Hence more money can be distributed to consumers.

Benefits for usersReceive FAN Tokens when their video is verified by a brand.Receive FAN Tokens when their video is converted into a shoppable video.Rewarded with FAN Tokens for watching videos.Purchase of products from Fanfare eStore.Vote for winning video in brand campaigns.Trade FAN Tokens on exchanges.Benefits for brandsReward content creators upon verifying and adding the video to the brand channel.Reward content creators when converting a video into a shoppable video by adding a product to it.Purchase a ticket to make an announcement to all their fans (e.g., the launch of a new campaign, new product launches, upcoming promotions, etc.).Trade FAN Tokens on exchanges.

When a consumer video is verified, 50% of the reward goes directly to the video creator. The other 50% is transferred into Fanfare’s revenue pool.

20% of the revenue pool is distributed back to our active users. 30% of the FAN tokens will be given back to buyers who have purchased from their eStore as a form of cash back, thereby encouraging more purchases.

Conclusion

Fanfare help consumers get paid for promoting products. Unlike, other ICOs on the market, Fanfare has a fully functional product with decent traction. Once they replace their centralised coins with ERC 20 tokens, it will become tradable and hence increasing in value. Brands and users can exchange these coins for other crypto assets or even fiat(Ex: USD). By integrating blockchain they bring trust and accountability to the system. If you would like to participate in their token sale, visit here.

How Can This Blockchain Platform Help You Earn? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.