This MVP has been created by PR.network LLC - a startup based in Frisco, Texas, USA. Our company is committed to building an alternative online reality based on decentralized platforms, services and protocols created to envision a better world. Our small team of passionate visionaries and developers creates solutions on top of Stellar - an open network for money. We believe that our blockchain-based solutions have a great potential to bring many positive changes to our world.
Our mission is to build an alternative system to enrich people’s lives using VALUE of data - the oil of the XXI Century. We believe that no matter what, the value of data must stay in the hands of the people, not corporations. We plan to accomplish this by transforming information into tradable assets that will allow people to Own Everything & Be Happy.
PR.network, originally PublicReputation.net was founded in Amsterdam, The Netherlands back in 2015 by Rafał Wyszomirski. The main purpose of the platform was to provide people with a crypto-based forum to share opinions about public entities and organizations in return for token rewards. Initially invented considering Ripple’s tokenization capabilities, was eventually built on top of Stellar due to Ripple’s change in focus from the community to banks.
In 2016 Rafał moved with his family to California where he pursued his professional career in business management. The development of PR.network progressed but slowly. ALFA version of the platform was released in 2017 and soon after Bitcointalk.org thread was created to attract crypto innovators and ALFA testers. In just a few weeks the site has grown from zero to >2000 active users, >2100 unique topics, >55000 votes and hundreds of new features and fixed bugs.
In 2018 BETA powered by Stellar was released. Without external resources, marketing, tutorials or professional support in April 2018, Rafał attempted to run a pre-ICO. The plan was to sell utility tokens to support the development. Unfortunately, the plan did not succeed. Due to the lack of funds the development was put on hold.
Since 2020 the main developer wasn’t able to support the project. Fortunately, the situation changed in 2022 when Rafał and family relocated to Texas and founded PR.network LLC. Two freelance developers made a substantial improvement in the code and the UI. The MVP / Prototype is now ready and we’re busy finalizing tutorials, video content, help and F.A.Q to accommodate the community - our most valuable asset.
HOW IT WORKS
Users are incentivized to create unique Cards for different topics: public people, organizations, events or things. Our goal is to redesign the way people search and benefit of information. Instead of browsing hundreds of sites, Cards can provide an easy access to everything. Each card can accommodate many internet services, platforms and websites, all in one single place that engages people with various features, content and social medias. Cards a powerful tool for sharing data, networking and connecting with likeminded people but not only that. Thanks to the VALUE Sharing Model everyone who participates in the development of topics can benefit of their success. Each card generates VALUE of ads, e-commerce and premium services or features and make all of them available to stakeholders of the topic.
By voting on cards users become their stakeholders. It’s the most important VALUE generating activity at PR.network to enable all features and to own a portion of VALUE of the topics. Every day users receive an equal number of Points to cast (+) and (-) Votes. Each card can only receive one vote per user that can be adjusted at any time. All votes must be validated by an opposite vote on another topic. Otherwise, votes are considered invalid. At the end of the day / cycle all votes are automatically reviewed against the voting trend of the day. Voter that are in line with the votes of winning team, earn from the pool of VALUE of the opposite team. This process is repeated daily and it’s the backbone for our real-time public sentiment measurement methodology.
VALUE or [XPR] is the utility token of PR.network. There is 100 million coins of VALUE and up to 2% yearly token inflation governed by the Proof of Stake. VALUE is necessary at PR.network to validate transactions of the entire PR.network ecosystem. It is also the main baseline value and the mean of exchange. XPR allows the community to tokenize cards and claim a percentage of their value & passive rewards they generate. This activity requires a Proof of XPR Burn in the amount that is equal to the number of coins being created. In addition to that, XPR has similar traits to all other cryptocurrencies. It can be sent, traded or converted into other tokens and cryptos in real-time.
Holding VALUE provides the community with the ability to tokenize their favorite topics and earn passive VALUE rewards generated by cards for as long as they hold their tokens. To mint a token, one must first vote on the topic and possess at least 0.1 VALUE to be able to start minting 0.1 units of new tokens. Community tokens are minted in every cycle the cards receive votes. Minting time might take from 10 to 10240 days depending on the percentage of tokens the issuing user is donating to other voters of the card - to support that coin's adoption or PR.network. - to facilitate market making and community incentives. In the future the list of beneficiaries will include many more entities like charities and initiatives. The higher donation percentage the faster the coin gets minted.
PR.network has its own coin market capitalization service https://market.pr.network/ The Market provides data about the total number of coins in circulation, wallets, trusts and the total market capitalization of coins in US dollars. All PR.network coins are listed on the market with the details about them. Users can find the actual price, trading volume, circulating supply, % changes in coin’s price, and graphs. There are also links to buy / sell tokens as well as to stellar.expert with advanced data and charts to analyze the ledger in real-time.
All coins can be bought, sold, traded, or exchanged any time at the decentralized coin exchange (DEX). In the future PR.network coins are also expected to reach external exchanges, as well as cross chain networks. The Exchange supports Buy and Sell Offers for many coin pairs. Users can define the primary and secondary pair from the list and flip pairs based on their preference. The interface provides the graph with market depth and a table with existing offers. Users can transact coins based on the available market offers or create their own. Open Orders can be reviewed and cancelled at any time.
There are 7 initial leaderboards:
Top Voters - have the biggest number of votes
Top activists - have the longer streak of active voting days
Top inviters - have brought the biggest number of active users
Top publishers - have the biggest number of comments
Top editors – have contributed the biggest numbers of add-on on cards
Top trader – have the highest trading volume for VALUE/XLM pair
More leaderboards are expected in the future to keep users motivated. Can you make it to the TOP?
Every time a Token for a card is created the equivalent amount of VALUE gets destroyed. This means the supply of VALUE shrinks. There are millions of topics but only 100 million of VALUE.
To prevent value from running out. PR.network has a built-in inflation mechanism. Every user with 12000 VALUE or more can setup up to 2% yearly inflation for the amount of XPR possessed. Up to 50% of the established inflation goes to the user initiating it, the remaining percentage is allocated by the user to the contributing community members. The list of beneficiaries includes leaderboard members of weekly and all-time boards, and more option will be provided in the future.
HOW TO EARN
VALUE of all votes takes part in the bidding game for the purpose of predicting the real-time public sentiment. If at the end of the day a card receives more PLUS votes, all the bidders that voted MINUS lose 2% of their VALUE on that very day. 2% VALUE of the losing team gets redistributed proportionally to the winners that voted PLUS. This automated process is repeated every day.
Only active users of the cycle (with at least 1 balanced vote or a change in votes) benefit of the redistribution of losers' VALUE. However, even inactive users lose 2% of their VALUE during the redistribution to the winning team. The more accurate bids users have and the more frequently active they are the higher VALUE redistribution potential they have.
Current allocation of Value to free votes is capped at: 1 XPR per vote. This amount will shrink over time to:
a) account for the increase of XPR price. (1 vote must not cost more than $0.12 USD)
b) to align with the scheduled XPR halving based on the total number of votes.
Halving Max Value per Vote Max Total Votes Max XPR Price 0 1.0000000 2,000,000 $0.12 1 0.5000000 4,000,000 $0.24 2 0.2500000 8,000,000 $0.48 3 0.1250000 16,000,000 $0.96 4 0.0625000 32,000,000 $1.92 5 0.0312500 64,000,000 $3.84 6 0.0156250 128,000,000 $7.68 7 0.0078125 256,000,000 $15.36 8 0.0039063 512,000,000 $30.72 9 0.0019531 1,024,000,000 $61.44 10 0.0009766 2,048,000,000 $122.88 11 0.0004883 4,096,000,000 $245.76 12 0.0002441 8,192,000,000 $491.52 13 0.0001221 16,384,000,000 $983.04 14 0.0000610 32,768,000,000 $1,966.08 15 0.0000305 65,536,000,000 $3,932.16 16 0.0000153 131,072,000,000 $7,864.32 17 0.0000076 262,144,000,000 $15,728.64 18 0.0000038 524,288,000,000 $31,457.28 19 0.0000019 1,048,576,000,000 $62,914.56 20 0.0000010 2,097,152,000,000 $125,829.12 21 0.0000005 4,194,304,000,000 $251,658.24 22 0.0000002 8,388,608,000,000 $503,316.48 23 0.0000001 16,777,216,000,000 $1,006,632.96
Card tokens are created by the community. Everyone who rated the card can mint tokens for it. Each card can have up to 100 tokens which represent 100% ownership to value earned by the card forever. Each user can mint from 0.1 up to 1 token for a card by burning equivalent amount of Value [XPR]
Donations are an essential part of the minting process. During the minting setup users decide on the allocation donations of newly created tokens. The higher donation of coins to the community and PR.network the faster the coins are minted. Currently there only two token minting beneficiaries. In the future there will be many entities listed as beneficiaries (Non-profits, Fundraisers, Initiatives, etc.)
- The Community - All other users who rated the card take part in the minting process to support coins adoption through the distribution of coins to as many stakeholders as possible.
- PR.network - To support coins adoption on the markets and liquidity through market making activities and to coin giveaways for the contribution in card's development.
Donation % No. of days minting 2% 10240 10% 5120 20% 2560 30% 1280 40% 640 50% 320 60% 160 70% 80 80% 40 90% 20 100% 10
The ability to mint tokens for cards depends on the experience level of an user. The higher experience level the less ratings the card requires for the user to be able to start minting tokens for it:
User Level MIN votes at card to tokenize 0 2000 1 200 2 100 3 90 4 80 5 70 6 60 7 50 8 40 9 30 10 20 11 10 12 0
PR.network is built by the community of people contributing time to create and share valuable data about cards for other people take advantage of. The contributions are rewarded using the inflation mechanism.
Holders of Value with a minimum of 12000 XPR can turn on yearly inflation rate on the value they possess. Up to 50% of the inflation is credited weekly to the initiator but the remining 50% or more is spread between the contributors based on the allocation established by the initiator. Every contributor that made it to top 100 in the leaderboard earns.
The list of contributors will be extended in the future. Current list of beneficiaries includes:
TOP VOTERS (WEEK) & (ALL TIME)
TOP CREATORS (WEEK) & (ALL TIME)
TOP EDITORS (WEEK) & (ALL TIME)
TOP PUBLISHERS (WEEK) & (ALL TIME)
TOP INVITERS (WEEK) & (ALL TIME)
TOP ACTIVISTS (WEEK) & (ALL TIME)
TOP MARKET MAKERS (WEEK) & (ALL TIME)
Use the below form to asks questions. The most frequent questions will be included in this F.A.Q section.