Golden is a decentralized, collaborative encyclopedia leveraging blockchain to incentivize and verify information creation. It integrates web3 elements to ensure information authenticity, democratization, and integrity. Its tokenomics system rewards contributions, enhancing information breadth and quality while offering a platform for knowledge experts to earn rewards. Golden's use of a deflationary token, GOLD, further solidifies its economic model by reducing supply with each transaction. Transitioning from a web2 company and securing $20M in funding, Golden now aims to map 10 billion entities in a decentralized knowledge graph. Free for public use but with commercial charges, Golden aspires to provide a transparent, censorship-resistant repository of information.
Golden is a decentralized, collaborative encyclopedia leveraging blockchain to incentivize and verify information creation. It integrates web3 elements to ensure information authenticity, democratization, and integrity. Its tokenomics system rewards contributions, enhancing information breadth and quality while offering a platform for knowledge experts to earn rewards. Golden's use of a deflationary token, GOLD, further solidifies its economic model by reducing supply with each transaction. Transitioning from a web2 company and securing $20M in funding, Golden now aims to map 10 billion entities in a decentralized knowledge graph. Free for public use but with commercial charges, Golden aspires to provide a transparent, censorship-resistant repository of information.
Golden aims to function as a decentralized, collaborative encyclopedia on the internet that leverages blockchain technology. Its primary purpose is to incentivize the creation, verification, and updating of information. By utilizing tokenomics, Golden encourages diverse users to contribute to a transparent and censorship-resistant knowledge base, ultimately influencing how data is shared and accessed in the digital age.
Golden employs tokenomics to reward users for their contributions to the platform. Contributors are incentivized through decentralized tokens for creating, validating, and updating data within the knowledge base. This system encourages a wide range of knowledge experts and enthusiasts to participate, enhancing the quality and breadth of information available on the platform.
Golden's decentralized approach offers several advantages over traditional encyclopedias. It provides an open, free, permissionless platform where the community governs the content, ensuring authenticity and reliability. The decentralized model reduces censorship and enhances transparency, and contributors earn rewards, fostering a dynamic and ever-growing repository of information.
In comparison to other decentralized content networks, Golden places a strong emphasis on the creation of a knowledge graph that maps human knowledge in a decentralized manner. While others may focus on content sharing and distribution, Golden integrates blockchain to ensure rigorous validation and incentives for quality contributions, setting it apart as a trusted source of canonical information.
Golden is relevant to the education sector because it offers a decentralized platform for accessing a vast range of verified and updated information. By providing a comprehensive and free knowledge graph, Golden becomes an invaluable educational resource, contributing to democratized learning and the dissemination of accurate and up-to-date data.
The Golden Token is a deflationary token that plays a crucial role in the Golden project. Initially capped at 1,000,000 tokens, each transaction burns 1% of the transferred amount, making it deflationary. This tokenomics mechanism encourages strategic participation and engagement within the Golden ecosystem, affecting both participation incentives and the token's value dynamics.
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