Many YouTubers and other content creators are currently losing revenues due to changes in advertising policies and various other reasons. Seeing great content producers struggle to maintain their channels, asking for more donations from viewers, gradually reducing the number of videos produced, or closing their channels entirely to do something else, a solution was sought for to boost their income and keep up the creative work to benefit the Internet community.
The most popular way to generate income for content creators nowadays is via crowdfunding and microdonations directly from viewers and subscribers. However, relying solely on viewers’ generosity and donations may not be sufficient. Euncoin (EUN) is the cryptocurrency created in this context. Giving something back to these donors, providing them with an incentive to encourage donations to support authors and creators, and at the same time creating an entire economy that will support the community was the idea behind Euncoin.
Like any other cryptocurrency, Euncoin is used as a medium of exchange using blockchain technology. However, it is the only currency that is also designed to promote donations to content creators and stir the economic growth for the community.
Euncoin allows content creators who could be entrepreneurs, artists, programmers or anyone to return something tangible to their donors. By distributing coins to donors that contribute to content creators online via secure platforms based on pre-defined algorithms, Euncoin allows people to get convenient access to obtain a cryptocurrency without the need for mining or other costly methods. All the donors need to do to receive Euncoins is to register an account, a wallet and continue donating to their favourite content creators. As they do so, they will receive Euncoins for each amount of money they give.
By registering on Euncoin.com as Content Creators
Content creators on YouTube, Twitch, Steam, and other media platforms will get an initial load of coins (called incentive coins) for registering an account on Euncoin.com and promoting it to their subscribers. A total of 5,100,000,000 incentive coins will be distributed to the content creators at a progressively decreasing rate, to reward early adopters. Content creators can then use these coins as they see fit: sell or trade coin on exchanges, buy anything they need, or simply hold on for appreciation in future. An amount of Euncoins will be distributed as rewards to their donors and will come from a separate vault. The coins used for donor rewards will not impact the incentive coins given to content creators. What content creators need to do is to register an account, fill a form with their channel’s address, register a wallet, connect their donation system (Patreon or others) to our distribution system, promote Euncoin on their channel(s) and social media sites, and encourage their donors to contribute. The more they spread the word, the more donations they will get, and more Euncoin will be given as rewards to their donors.
By registering on Euncoin.com as donors
After registering an account on Euncoin.com, donors will get Euncoins after they donate money to content creators. The more donors give, the more Euncoins they will earn. Donors will be able to use their coins to buy anything that can be bought by most coins, trade them on exchanges for other coins, or for fiat currencies like USD or EUR. At the moment of the launch, the initial value of Euncoin for the distribution purpose is set at 0.01 USD and won’t never be less than that amount. This value is applied until the coin price as decided by the market exceeds that amount. When the value of Euncoin increases over 0.01 USD, the distribution system will be adjusted accordingly. Example: At the time of the launch, 100 EUN will be given for each 1.00 USD donated to content creators. If the value of Euncoin increases to 0.20 USD, 5 coins will be given for each 1.00 USD donated.
By purchasing Euncoin directly from Euncoin.com
The Euncoin Project was developed and financed completely by the project team and early investors. This is primarily due to the nature of the coin; a charity coin that is completely premined to lessen the impact on the environment, and with a maximum number of coins available for the content creators and the donor’s community. However, the project still needs help with marketing, servers and equipment to help with the distribution of the coins and on-going work to improve the speed and security of transactions, miners to help with the Proof-of-Work, and resources to implement the subsequent phases of the project. The proceeds from coin sales will be used for these purposes. Euncoins can be purchased directly at euncoin.com. Unlike the Euncoins used for distribution purpose, the initial value of Euncoin for sale is set at 0,001 USD and will increase to 0,01 USD in ten phases, to reward early investors. Only 2,250,000,000 EUN are available for purchase. The schedule for sale prices and EUN amounts for sale is listed in the chart below. 225 million EUN is sold at 0.001 USD per coin. Once sold out, the next 225 million EUN is sold at 0.002 USD per coin, and so on. No more coins will ever be offered for sale from the Euncoin vault other than these 2.25 billion EUN.
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