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RE: Daily Crypto Markets Live Blog: Bitcoin Pulling Back (10/08/21)

in LeoFinance3 years ago

Content monetization network built on Polygon blockchain.
https://www.cryptosnewss.com/creaton-raises-1-1-million-from-top-vcs-to-build-decentralized-content-platform-on-polygon/

Do you think considering it's on ETH, it'd work with all the fees and expenses?

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No I don't. Will anyone want to spend $50 or $100 to earn potentially a few dollars? I have a feeling it will die fast.

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This might not be the case buddy. Let us consider it this way , where they pay with a native site token which has no price value but users upon withdrawal receives Ethereum. The fees can be made to be fixed like that of centralized exchanges

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It could be but that would mean everything is centralized and not really that transparent. I have a feeling it's not exactly what I would expect so it would be a Publish0x and not a HIVE.

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It depends on the strategy they are employing. They may decide to use a native platform token representing Ethereum to pay users but users get to receive Ethereum when they withdraw their earning.

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Nobody will even spend 5c per upvote.

Social media on any chain that has any sort of fees will never work.

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