Individual Content and Skills Token, or ICST for short, is a blockchain-powered protocol platform and token that has been created to improve creative content and skill sharing around the globe. The platform is an open and transparent ecosystem giving users and content creators the power to publish, promote and trade their content.
Content creators from various backgrounds will attain a level of control over their content that is not achievable in the current creation industry due to the tradition business model of consumer to business to consumer. The decentralised platform will allow for content creators to share their work without have to answer to anyone else, and creators will have control of the copyrights to their work and receive compensation for their true worth. ICST acts as the solution to the issues that content producers face in the content creation industry by cutting out the middleman and giving power to the artists.
Uses and Applications of ICST
ICST plans on capitalizing on the new “C2B2C” (Consumer-Blockchain-Consumer) business model compared to the traditional “C2BC2C” (Consumer-Business-Consumer) which can increase the revenue of content creators by cutting out the middleman from the equation.
Content creators who share their work on the platform will receive tokens as a reward which in the future will be able to facilitate transactions on StarMaker’s decentralised platform.
Learn about ICST’s Upcoming Release
There will be 3 billion ICST in total being released by The People-Joy Foundation, with 900 million available in the private token sale. The funds will be allocated as follows:
- 40% Development of the ICST Blockchain.
- 25% Research and Development for expansion and migration for StarMaker to ICST.
- 20% Research and Development of the ICST platform
- 10% ICST protocol to applications on other platforms.
The initial release of the 3 billion ICST tokens will go as planned:
- The project plans to raise 30,000 ETH, where 10,000 of it will be raised from cornerstone investors. (1 ETH = 36,000 ICST).
- 3 billion tokens will be released.
- The initial release will contain 30% of ICST tokens
Learn more on the ICST website
The post ICST Puts Power Back Into the Hands of Artists with their Content Sharing Platform appeared first on CryptoPotato.
Source: Crypto Potato