ABOUT BLOCKCHAIN
Blocks
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lossless microtransfers with distributed trust
Features
account_balanceCommission-free
languageDecentralized
peopleDistributed trust
Use cases
card_giftcardDonations
thumb_upLikes
shopping_cartE-commerce
Solution for ad-blocking, copyright and more
Connect!
personUser
videocamCreator
webPublisher
F.A.Q.
helpWhat about processing costs and banks?
helpWhat? Another ICO?!
helpWhat is your business model?
helpWhat's the difference to competition?
FIXING LEAKS

To achieve true lossless micro-transfers we implement trustless distributed micro-payment processing and an interface to fiat currencies with distributed trust. Typical losses with cryptocurrencies are usually attributed to:

  1. processing costs,
  2. commission for exchange with fiat currencies,
  3. last mile bank fees,
  4. cryptocurrency volatility and speculation,
  5. development costs (ICO).
By choosing a lightweight consensus algorithm and incentivizing publishers to install network nodes on their existing hardware we get powerful processing network at nearly no cost(1). We provide mechanism where users save arbitration costs by adding funds to their accounts via creators they trust(2). Bank fees are minimized in this case as the network helps find optimal local bank connections, which are often free on many user banking plans(3). Cryptocurrency is considered as an electronic form of fiat, USD. Balancing money supply and demand is controlled by publisher voting, making speculation or investment pointless(4). Token emission is distributed among transfer recipients(5).

PUBLISHER INCENTIVES

To protect the network against attacks and spam a small part of the transfer is temporarily locked on the recipient account. Publishers can reduce the lock time by installing a node. Participants who accept commission-free payments can use their local thank-u node to perform immediate transfer validation.

USER INCENTIVES

Users get a one-click way to donate or transfer any amount starting from 1 cent commission-free without having to register or login. They add funds to their accounts via creators, publishers, bloggers they like and trust making sure their real money doesn't flow to ICO beneficiaries, speculators, banks or advertizers. No more clickbait and distracting ads.

Online donations are often emotion-driven. Amount of time and work needed to perform transaction matters a lot. We solve the most accute problems:

  • having to type in long numbers from credit card or logging into money transfer systems,
  • impracticallity of transfers with a few cents,
  • transfer commissions.
Install thank-u browser extension and go ahead making one-click microdonations whenever feeling like supporting somebody or just saying "thank you".

You can also automate the process and let a monthly amount of a few dollars be automatically distributed among the sites you spend most time on. The grass will always be green whereever you walk.

The money you transfer are garanteed to get to your donatees. Here is how it works. You first add funds to your app wallet by directly transferring, say 10 dollars, to your favorite one you trust, using their banking data published on thank-u network. They will add these funds to your account. You can now split it into microdonations as you come across content you like. No commission, no losses.

1. Install browser extension.

2. Add funds to your account by transferring an amount via payment connection published on smartlike by one of your favorite publishers or authors. Choose one you trust most, who is most dependant on good reputation: a non-profit organization, charity fund, your favorite website or blogger.

3. Now you can do one click microtransfers, likes, donations, lift paywalls, privately login to all smartlike-aware sites without having to disclose your privacy and remembering passwords. You can also automate the process and let a monthly amount of a few dollars be automatically distributed among the sites you spend most time on.

Q:What about processing costs and banks?
A: Processing is taken care of by beneficiaries - main transfer recipients - authors and publishers. As they often have servers up and running, installing a tiny thank-u node software won't cause additional costs. As to bank comission see the details here.

Q:What? Another ICO?!
A: There's blockchain and cryptocurrency implementation inside, but it's impossible to finance investors, speculators or even developers. It would inevitebly compromise the goal of the project - lossless transfers. See how the leaks are handled here.
Q:What is your business model?
A: The same one we propose for funding internet content. If we succeed to deliver value to the internet community, it will support us by visiting our smartlike browser, ledger monitor and other tools and services we develop. And there'll be no ads there.

Contacts

Ziegelofengasse 27/6/1
Vienna 1050, Austria
AISM e.U.
Commercial court of Vienna,
FN 368711 y