Today independent workers as freelancers and different kinds of creators face the problem of monetization of their work. Today they place content majorly on the Internet, which can help to spread it easily and fast, but also has its own disadvantages. Sharing creators’ intellectual property on the Internet they get more likes, but not money. No matter how many likes one gets, the whole income goes to the platform. LikeCoin project strives to solve this problem by creating a platform where creators can be rewarded for their content directly. The platform optimizes users’ time and effort, as creators can pay more attention to creating their content rather than to seeking for market or investors. Today almost everyone who have a smartphone can be considered to be a content creator. LikeCoin opens the door for those who have real potential. Unlike other cryptocurrencies, which use electricity and computation power to do mining, creators mine LikeCoin with creativity. With the help of unique LikeRank algorithm LikeCoin traces content footprints and rewards all the creators in the collaboration.
The more likes the unique and creative content receives and the more derivative works it generates, the more LIKE tokens creator and his collaborator will receive. For sure, user can accept direct LikeCoin payments from readers and audiences. The project itself is promoting a movement to redistribute the income generated by content creation.