What is the BBS Network project? Basic information about BBS Network

• Overview of the BBS Network project 
• What is the BBS Network project?
• What are the highlights of the BBS Network project?
• The difference of BBS Network
• Advantages of the BBS Network model
• BBS Network DAO
• Roadmap of the BBS Network project
• BBS Network developers, investors and partners
• Overview of the BBS Network token
• What is BBS Network Token?
• What is the function of the BBS Network token?
• Where can I buy BBS Network tokens?
• The future of the BBS Network project and should I invest in the BBS Network token?
• summary

Overview of the BBS Network project 

What is the BBS Network project?

BBS (Bulletin Board System) Network is the brainchild of Eyal Hertzog, the founder of Bancor and also the inventor of the AMM ( Automated Market Maker ) mechanism. 

BBS Network is a network of public message boards, built on the new deWeb framework, allowing the social networking platform to evolve in a decentralized way. 

Each post is stored as a unique NFT ( Non-fungible Token ) on the chain, which can be bought, sold, or even rented for ad space (e.g. Banners on Posts). This generates income for participants such as: Creators, curators and other stakeholders.

What are the highlights of the BBS Network project?

BBS Network is a SocialFi project that encourages people to create forums, then post, share ideas to receive rewards in the platform's native tokens for their contributions to the community. 

The revenue generated by the platform will be shared to all participants of the BBS ecosystem automatically and transparently thanks to the application of blockchain technology. This helps the community to grow sustainably with more quality content.

In addition, BBS is censorship resistant. On platforms like Reddit, Facebook, YouTube… the censorship rules change frequently, giving technology companies more and more power. Meanwhile, BBS has no centralized authority to decide what content is allowed and what isn't. 

Each BBS owner will set their own moderation rules and content policies on their message boards, users are free to choose BBS to access the message boards they want.

On other social platforms, the popularity of a post depends on the engagement of that post (likes, shares, comments...) and for BBS Network, buyers can buy post with multiple purposes:

• Rewards for content creators
• Resell posts for higher value
• Use banner spaces on posts to promote their interests
• Rent banner space on posts to earn advertising revenue 
• To be famous.

The difference of BBS Network

BBS Network has many similarities with platforms that are dominating social networks today such as Reddit, Facebook... However, the difference is that BBS is a public online service, using a distributed architecture, base distributed infrastructure and distributed revenue.

Distributed Architecture

Currently, most social networking platforms are centrally managed by companies while BBS Network is an ecosystem of many organizations and many individuals participating in contributing. 

BBSs are run by different owners, host different message boards, set different terms of use but still ensure all BBSs are tightly integrated.

Modern blockchain technology makes it possible to store data such as user accounts, channels, posts, etc. of BBS Network publicly on a ledger, allowing ecosystem members to have access to it. this data.

Revenue distribution model 

BBS Network uses a bidding model for NFT, which allows users to purchase ad space on any post (hosted as NFT) of the network with a starting price of 0, 3 US dollars. If many people want to buy that NFT, the price will be pushed higher similar to the auction process. Note that the actual amount the buyer has to spend will have to add 30% to the final price. 

The revenue generated from each post is distributed to post owners, post publishers, and channel moderators.

Distributed Ecosystem

The ecosystem of BBS Network includes the following stakeholders:

• Developers : Are participants in building UX (User Experience), developing new features for operators to choose to subscribe to. deWeb LTD was the first developer to build the core software for BBS Network.
• Operators : The people who host the developer's BBS software. Currently, there are many operators that provide cloud storage services globally.
• BBS message board owners : Those who use the operator's services to launch BBSs on their own domain. 

Currently, most of the owners on BBS are content creators and have launched a pilot BBS using the infrastructure provided by BBS operators. 

• The first board was launched in March 2021 by the owner of the YouTube channel for fans of the movie "Star Wars", with 3 million subscribers: starwarstheory.com .
• BBS.market launched in August 2021, allowing anyone to create a message board easily.

Review of BBS Network and other platforms:

Review of BBS Network and other platforms. (Source: BBS Network)

Advantages of the BBS Network model

BBS is like a completely decentralized Reddit. Anyone can register as a developer, operator, owner or user.

Unlike today's popular platforms, owners on BBS will have a direct relationship with their audience, meaning they have ultimate control over their audience's UX, choice of operators exploit and have autonomy over the content. Example: One BBS owner can allow vulgar comments while another owner bans and removes it).

Revenue is automatically distributed to ecosystem participants in a transparent and fair manner. This is to encourage the continued growth of the ecosystem.

BBS Network uses a decentralized content policy. Each owner has the right to decide the content moderation policy for their BBS and users have the right to choose the appropriate BBS. 

It's easy for developers to build new modules that integrate seamlessly between BBSs (e.g. IPFS-based Video Storage Enabled Module). These modules are hosted on the developers' servers so that BBS owners can add them to their feed, then share in the revenue if any.

BBS Network DAO

BBS Network DAO is scheduled to be launched by BBS Switzerland AG (a wholly owned subsidiary of deWeb LTD). deWeb will enter into a license agreement with BBS Switzerland for the product's source code, which may be delivered to third parties through the BBS network's DAO governance decision.

BBS DAO is the governing body of the BBS network. The DAO is controlled by all BBS token staking, who can vote on related governance proposals such as:

• BBS burning policy
• Product upgrade
• Bonus
• Mining program parameters
• BBS . Token Allocation
• BBS interoperability.

Roadmap of the BBS Network project

Detailed roadmap of the project:

• Q1 2022 : Interactive mining, allowing video uploading to BBS, BBS cross-validation
• Q2 2022 : Master-feed (from all message boards), Android/iPhone App development, SDK
• Q3 2022 : Allow to follow members, play live videos.

BBS Network developers, investors and partners

Development team

Eyal Hertzog – Founder and CEO of BBS Network: He is also the co-founder of Bancor, Metacafe. 

Guy Benartzi – Co-founder and president of the project: Benartzi is also the co-founder of Bancor. Before coming to BBS, he founded the game company Mytopia. In addition, he is also the Co-Founder of Particle Code, a development studio based in Tel Aviv, Israel.

Israel Levin – Project CTO: Levin served as technical director for Epiphyte Corp and Epiphyte (Israel) ltd. Epiphyte specializes in providing enterprise software that gives banks and other financial institutions access to Bitcoin and cryptocurrency technology. 

Investors

The project is invested by major organizations in the cryptocurrency market such as: Polychain Capital, Digital Currency Group, Binance Labs, NFX, Tectona, Bancor, DAO Maker.

Partner

Currently, there is no official information about the project's partner, investors can follow relevant news which is continuously updated on TraderH4 .

Overview of the BBS Network token

What is BBS Network Token?

BBS Network uses the BBS token as the main currency in the BBS economy.

BBS Network token details:

• Ticker: BBS
• Blockchain Network: Ethereum (ERC20)
• Total Supply: 1,000,000,000 BBS
• Circulating Supply: TraderH4 will update when information is available 

Token Allocation:

• Interactive Mining: 50%
• Liquid Mining and Fixed Reward: 13%
• Initial capital provider: 17%
• Long-term operating and development budget (reserve): 10% 
• Founding team: 10%

What is the function of the BBS Network token?

BSS is used as a payment method for activities in the BBS Network ecosystem such as: exchanging NFTs, buying ad space on posts, etc. 

BBS token holders have the right to participate in the governance of project issues such as: Resource allocation (rewards), product roadmap (features), BBS tokenomic (issue and burn tokens) through BBS DAO . 

BBS tokens are also used to reward users, moderators and other participants according to their contribution to the BBS Network.

BBS tokens can also be staked to manage network standards for product development. 50% of BBS tokens will be paid to the board based on the activity level of their registered users. 

Where can I buy BBS Network tokens ?

The BBS token is currently not listed on any exchange. In the near future, the BBS token will be launched to the community with a SHO event on the DAO Maker platform.

The future of the BBS Network project and should I invest in the BBS Network token ?

The project has established a network of public online message boards, providing a more effective alternative to social networking platforms operated by giants such as Facebook, Reddit, Youtube...

The BBS network is a forum operating under a decentralized mechanism, applying blockchain technology to revenue sharing among members. Thereby encouraging users to contribute, creating an ecosystem of continuous and sustainable development.

Currently, the project's token has not been officially launched, investors can carefully research more information about the project on the following official media channels to be able to make more accurate investment decisions for themselves:

Website | Twitter | Telegram

summary

Thus, through the project overview above, it can be seen that BBS Network has a long-term and sustainable development plan, promising to bring a new solution to the public message board network, ensuring freedom of expression, freedom to collaborate through open source database technology.

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