Primas

What is Primas

Primas is an open ecosystem for the consumption, publication, and recommendation of content. This white paper outlines how Primas enables this production and selection of content, making use of blockchain technology, social recommendation and token incentives.

The Primas team is committed to using blockchain and other technology to restructure the online content market, so as to solve the problem of quality content being lost, plagiarized or partially reconstructed. The decentralized content sourcing and recommendation mechanisms ensure quality content for users. A brand-new content evaluation system ensures direct benefits to the producers of quality content whilst the inherent tamper-proof properties of blockchain provide copyright protection for the original creators. Finally, the decentralized data storage and management system offers better protection for users’ privacy and security.

Primas Token

One of the ways for ensuring value in Primas is community incentive. In our design, the Primas token is an inflationary system, in which a certain proportion of additional Primas tokens will be issued annually. The inflation rate will decrease every year until it reaches zero. These additional Primas tokens will be added to an incentive pool to be used for rewarding quality content, quality groups, quality recommendations and flagging of unauthorized reproduction. Driven by such incentives, user and overall community created content quality will increase. This is a positive cycle that will in the long run enhance the healthy progress of the community and Primas token holders.

In the Primas system, there is no direct loss of Primas tokens . However, in order to execute some operations (e.g. account registration, content production ） some Primas tokens will be locked to restrict the number of allowed operations within a period of time. In some instances, this locking will be permanent whilst majority will be temporary. With the expansion of the Primas community, the total number of Primas tokens locked within a given system time will rise. On the whole, as the community develops, the amount of circulating Primas tokens within the system will keep diminishing.

Another way for increasing the flow of value within Primas is requiring payment for actions, such as paid reposting, liking or other functions to be introduced in the future. For all payments, the Primas token is required and better content will generate more payment transactions. If more frequent operations are needed (e.g. large media planning to simultaneously publish more content, readers intending to join more groups), more Primas tokens would need to be purchased. Inappropriate