HeartBout (HBC)

What is HeartBout

HeartBout is a social network with a decentralized reward system based on blockchain technology aimed at monetizing user activity (publications, votes or comments)

HeartBout introduces its own ERC20 standard tokens, HBC tokens issued on a daily basis (200 per day). HBC tokens are functional, enabling use of the platform’s services and used as incentives for online activity. HeartBout tokens (HBC) can also be placed on an accredited exchange and subsequently exchanged for other currencies.

HeartBout social network allows authors and voters to earn income in HBC tokens. Authors of posts or comments get 65% of the HBC tokens from the total issue. The content created and published by the authors in the HeartBout social network can be rated with “hot” (like) and “cold” (dislike) hearts. Voting with “hot hearts” is rewarded by 15% of the total issue. To prevent attempts of cheating with the rating of a publication HeartBout provides a mechanism establishing a dependence between the number of used hearts and their power.

The more often the user uses the HeartBout social network, the higher the probability of them earning HBC tokens. HBC tokens can also be spent on the promotion of a publication.

Another feature offered by HeartBout is Challenges: a feature which allows a user to create a competition between other users and their content where other users will be able to vote for their favorite publication. The winner of the Challenge receives the originally placed bet and the amount of tokens bet by the opponent minus the fee of HeartBout.

Other features of the HeartBout social network include configurable news feed, creation of articles, calls, chat service, mining and the possibility to place advertising.