PressCoin Update: Building the world’s first decentralised media ecosystem

Dear PressCoin Supporters,

Thank you for your support of PressCoin. Thanks to you we closed the PressCoin ICO in the third week of January, having raised $24.8m.

We are now moving ahead, armed with a mandate from people all over the world who want to see a truly independent media ecosystem.

While our initial success is inspiring, we are conscious of the responsibility now before us. We will now be able to accelerate the adoption of our decentralised media platform ecosystem.

PressCoin will support groundbreaking investigative journalism, track political candidates and encourage participation in elections; create engaging multimedia news; and foster local and citizen-powered journalism.

We will focus for the next few months on initiatives which utilise NEWS tokens to mobilise positive action in the world. Our goal is to help move news publishing from simply commenting on the world’s challenges, towards revealing concrete pathways to real solutions, led by communities for communities.

This will not be easy. We’re the first to attempt to establish a decentralised, networked, global media ecosystem.

We are proud and humbled by this start. PressCoin is the largest ever crowd-sale funded attempt to address the news crisis. We will keep you all posted on our progress in coming weeks and months.

Before we go into our plans a little further below, some important housekeeping announcements for those of you who purchased NEWS tokens.

CHECK YOUR TOKENS – DO YOU HAVE THEM?

Some token buyers are yet to receive tokens. This could be because you still need to set up your cryptocurrency wallet (to hold your tokens), or because you have not completed KYC (a requirement for bank transfer/paypal payments only). If you are unsure about next steps, and/or haven’t yet received tokens, please make sure you get in touch with us via  support@presscoin.com.

TOKEN TRADING –EMBARGOED FOR 28 DAYS

The NEWS token has been listed on the CointypeX exchange, our partner platform. We have however restricted trading for 28 days, starting from the date of closure of the ICO. We have done this to avoid unnecessary volatility, to give the token a chance to settle in the market. After 28 days the restriction will be lifted, and you will be free to trade your NEWS tokens. Trading will begin on the 16th February 2018.

WHAT’S NEXT

It’s exciting that we’ve got this far, but our work is just beginning. The PressCoin team is busy tightening up operational and governance structures, shifting gears from ICO mode, to building mode.

In coming month we will continue the build of underlying utility infrastructure, the systems to enable partner platforms and publishers to join the PressCoin universe. PressCoin will enable all-comers to make use of NEWS tokens to fuel good journalism and community empowerment initiatives.

We have two initial focuses:

  1. core infrastructure to power the PressCoin crypto-economy, for readers, for creators, for platforms and publishers;
  2. two of our flagship platforms – INSURGE, a global intelligence platform and social action network, and NextElection, a new town hall that brings together politicians, journalists, and citizens.

Both initial platforms recognise the media’s role as watchdog in the public interest – not just speaking truth to power, but enabling and empowering the people to do so.

We will also complete our evaluation process for partnerships with other businesses. Our infrastructure will be open to any organisation that wishes to support the production of independent, high quality media, so long as they adhere to PressCoin’s protocols.

Once again, thank you so much for your interest in the PressCoin ICO, and for making this endeavor such a success. Now, it’s time to roll up our sleeves and get to work.

The PressCoin Team

PressCoin federation for building platforms

Its been recognized that media producers, especially news publications, are severely challenged to provide meaningful content and value to their consumers, while having a profitable financial model. The problem is especially acerbated since distribution of news is largely controlled by a few technology giants and platforms. We present an alternative below:

PressCoin provides media houses, authors, readers, moderators an ecosystem to envisage news distribution & consumption differently. PressCoin federation is a shared ecosystem made up of media platforms which can make use of PressCoin’s infrastructure to scale and reach audiences. The PressCoin stack provides inter-operability between the applications in the ecosystems, defines specifications and provides tools for synergy: a shared set of data and services that power each platform within the ecosystem. The stack can be used by platforms to provide differentiated value to their audience without having to develop all by themselves.

As an example, take the issue of so-called “fake news”, which seems to be rampant. It is perhaps not easy to identify the authenticity of fake news using machine algorithms. PressCoin attempts to solve this issue by fundamentally changing the verification of news authenticity and moderation; not by using machine algorithms, but instead by having human moderators verify the authenticity of published content.

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Any media platform can become a part of PressCoin ecosystem, as long as they adhere to protocols and specifications of PressCoin Federation. The platforms within PressCoin can concentrate on producing meaningful content, leaving the rest to PressCoin.

PressCoin provides Layer of Abstraction to the PC platforms, which allows them to focus on content and engaging with their audience without necessarily worrying about technology complexities. The Backend Engine of PressCoin aggregates data from all platforms to provide shared services, which can be used by platforms to reach larger user base. The Infrastructure and overall Platform helps applications to scale quickly and work seamlessly with each other within the ecosystem.

A $100 Billion Crypto Economy To Help Save Democracy And Freedom – Part 3 of 3

[Editor’s Note: This is the third email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective purchasers in the NEWS token sale on the big picture for PressCoin as we enter 2018, the year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber,

Good morning and happy Martin Luther King Day!

Here in the U.S.A. today we are having a holiday to celebrate the birthday of the legendary civil rights campaigner. Its a good day to reflect on the importance of functional democracy, and the role of freedom of speech in defending freedom.

In this, the third and final part of this email series I discuss how PressCoin Plc. – as a technology company – will build value for NEWS tokens. ( See previous parts here >> Email One >> Email Two )

For PressCoin, the goal of restoring a free news media to prosperity is fully aligned with the goal of strengthening democratic institutions.

“A crypto-economy for a new independent news media,” is one of the key phrases we have used over the past five weeks to help communicate the full scope of the PressCoin project.

What makes PressCoin different from most technology ICOs is that PressCoin’s business solution is this new economy for a decentralised global news industry. An economy which will  transact internally using the NEWS currency.

And it’s for this reason that in the coming few months – as soon as the ICO ends – you will see our NEWS crypto-economy get rapidly underway.


[Skip This Bit If You Are A Crypto Expert – Background #1: NEWS is a “utility token”, an expression which is often misunderstood. BTC, BCH, DASH and ETH are also utility tokens – and what this means is that they can be used as a means of exchange, to buy and sell goods and services, or to transfer money.  That being said, right now most of the trades across all cryptocurrencies are not for goods and services, the vast bulk involves buying and selling different cryptocurrencies – and over the past six months – the volumes of trading have been driven in part by the explosion of the ICO market.  Scroll to the end to see another note explaining how capped cryptocurrencies are different from regular currencies – and why they can grow rapidly in value.]


Disruptive $100 Bln Crypto Ecosystem For Global News, Using Blockchain to Compete With Titans – Coin Telegraph – 28 Dec. 2017

A Transactional Economy From Day One

PressCoin’s NEWS token is the native currency of the PressCoin crypto-economy:

  • From February PressCoin will begin selling products and services in NEWS tokens.
  • PressCoin’s SAAS software products will be priced and sold in NEWS.
  • Participants in PressCoin’s planned content, traffic, advertising, subscriptions and services markets will transact in NEWS.
  • Readers who engage with publishers using PressCoin’s blockchain engagement technologies will be rewarded for their contributions in NEWS.
  • Readers and supporters who wish to support PressCoin projects will be encouraged to do so using NEWS.
  • And NEWS will also be used to pay PressCoin’s staff including writers, photographers, developers and designers.

All this is possible because of PressCoin’s association with a new Fiat/Crypto Exchange – CointypeX – which will be listing NEWS shortly after this ICO ends on 22nd January. We are finalising the date now and will let you know as soon as it is locked in. We are also in discussions  with several other exchanges for additional listings.

Continue reading A $100 Billion Crypto Economy To Help Save Democracy And Freedom – Part 3 of 3

A Platform Giant Hits Turbulence Confirming PressCoin’s Perfect Launch Timing – Part 2 of 3

[Editor’s Note: This is the second email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective purchasers in the NEWS token sale on the big picture for PressCoin as we enter 2018, a year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber, Hello again.

In my email yesterday I updated you on the PressCoin ICO which is closing soon.

We will be announcing the listing date shortly!

Today I want to talk about the PressCoin opportunity, as it is presented right now. News industry developments over the New Year mean our launch timing is looking pretty sweet.

To recap, PressCoin is much more than a run of the mill ICO. It’s the initial funding round for an ambitious technology platform to build solutions for a news industry suffering from acute market failurePressCoin’s economic stimulus approach to resolving the news crisis provides crypto buyers an opportunity to participate in a new cryptocurrency, NEWS, which will power a projected $100 Billion crypto economy for independent news.

Our ICO launch over the past five weeks – during a period when the entire world’s eyes were focused on the boom in cryptocurrencies – has been a perfect opportunity to showcase our project to the attention of the global market we will be targeting in 2018 and beyond.

How Facebook Will Rule The World In 10 Years– INSURGE Intelligence 29 December 2017

A Platform Giant Hits Turbulence

On December 29th PressCoin launched its INSURGE Intelligence investigative news platform into alpha with an article revealing previously unreported Facebook ties to the military industrial complex. The investigation detailed how the links pose a significant threat to global democracy, possibly a greater threat than the fake news epidemic which has been getting all the attention.

Six days later in a New Year’s message, Facebook founder Mark Zuckerberg promised to dedicate his efforts in 2018 to fixing flaws in the Facebook platform. Zuckerberg also announced Facebook is considering investing in cryptocurrencies.

Continue reading A Platform Giant Hits Turbulence Confirming PressCoin’s Perfect Launch Timing – Part 2 of 3

PressCoin’s Exciting Crypto-Economy To Safeguard A Free World – Part 1 of 3

[Editor’s Note: This is the first email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective investors in the NEWS token sale on the big picture for PressCoin as we enter 2018, the year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber,

PressCoin is a cryptocurrency project to address a wicked problem: the two decade long failure of the news industry to transition into a workable digital business model.

PressCoin is building new global markets, which trade in the NEWS currency, to service a crypto-powered news industry retrofitted with a raft of new revenue models. To accelerate this transformation, we will provide news companies with fit-for-purpose, omni-channel, state-of-the-art cloud based publishing solutions.

This forms the first version of what we call the PressCoin Operating System, and once assembled it will provide a boost of technological and financial infrastructure to an industry which is experiencing acute digital disruption. Along the way we hope to begin to heal the damage the failure of the fourth estate is doing to democratic institutions.

NEWS tokens is an opportunity to purchase a new global currency in its earliest stages, whilst supporting solutions for a critically important part of the world’s constitutional system. You can read more on PressCoin‘s plans to fix the news business in this new Coin Telegraph article, published today.

– Coin Telegraph, 12 Jan. 2018
 

Continue reading PressCoin’s Exciting Crypto-Economy To Safeguard A Free World – Part 1 of 3

NextElection is coming!

PressCoin is excited to announce the alpha launch of NextElection – a Digital Town Hall for Politicians, Journalists, and Citizens. It will create a collaborative space for all of us to engage around local/state/national elections in any part of the world. The platform is moderated, so is expected to be free from trolling, etc, and is being designed as a space for like-minded netizens to find commonality, understanding, and civil discourse. It will also be a good place to start/join political action networks.

NE logo v2 600px

Continue reading NextElection is coming!

Spread holiday cheer, buy PressCoin cryptocurrency T-Shirts!

With all this change-the-world thing going on, we thought we’d also throw in a little bit of fun! Here are some PressCoin T-Shirts you can buy, and gift, and take pictures in!

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Buy one, buy several actually, right away! And also remember, NEWS tokens make excellent gifts too, especially for those friends and relatives that don’t stop talking about the state of our country, and the news, and politics, and … they’ll love you forever, it’s the truth. Happy holidays!

PressCoin and NewzChain – The Story Publish flow on PressCoin

From blockchain to blockchain… PressCoin is a large project with lots of moving parts. While the currency (NEWS) tokens are on Ethereum, the PressCoin project itself will use various blockchain technologies as the right use-case demands. In the end, the ledger is what is the most important, and the rest being runtime implementation choices.

Blockchain – the Distributed Public Ledger

From many points of view, the fact that blockchain gives you a publicly auditable ledger without a central authority, should be plenty information to understand how this fundamentally changes everything. PressCoin is just one of many, many use-cases of blockchain, and the cryptocurrency is one such. Here’s another, a conversation from an architecture point of view. We’d love to hear what others have to say – PressCoin is a journey for everyone!

NewImage

PressCoin and Blockchain for Story Publishing

Generally, writing story and publishing to all readers is nothing unusual and out of the box apart from writers skills. What is special about using the PressCoin technology stack? The blockchain based PressCoin platform is committed to be extremely transparent, and so must support a well-regulated mechanism for all the participants, end to end. The PressCoin value-adds then, for this use-case, right out of the box are…

Continue reading PressCoin and NewzChain – The Story Publish flow on PressCoin