What Is Petals(PTS)? Complete Guide & Review About Petals

What Is Petals(PTS)?

Content platforms now hold the power of controlling how users disseminate, distribute and obtain contents. Platforms have built high walls, keeping user generated contents inside as their own treasure. Users actively or forced to give up their rights and hand them over to the platforms. This leads to trashy platforms run wild, which is really unbelievable. When information loses its power to interconnect, “Internet” is no more than just a name. Petals try to rebuild the platform, which benefit all stakeholders.

Where the petals fly, the flames of creativity are also alive and growing. Petals, record the beautiful and gorgeous world around you and harvest your own wealth. Petals is a Web3.0 short video creation and social platform built entirely on blockchain technology, which facilitates value transfer and fair distribution for all users of the protocol.

Its innate incentive mechanism is the biggest supporter of the coming Web3.0 era. Through the redistribution of value, content consumers, content producers, backend service providers or advertisers – are all able to create value and generate their own wealth. Everybody benefits.

Petals Storage Key Points

Using blockchain as the underlying logic engine, to create a new economic ecology of Web3.0 short videos driven by value.

Petals is a Web3.0 short video creation and social platform built entirely on blockchain technology, which facilitates value transfer and fair distribution for all users of the protocol. Its innate incentive mechanism is the biggest supporter of the coming Web3.0 era. Through the redistribution of value, content consumers, content producers, backend service providers or advertisers – are all able to create value and generate their own wealth. Everybody benefits.

Petals Ecology

Petals short video system ecology is built by all participants together and the efficiency of the system is improved with the help of AI algorithms.

Content Consumers

Watch and discover your favorite quality video works, and earn Petal rewards by following, commenting, liking, retweeting and a series of other valuable user actions, or by watching ads.

Content Producers

Publish quality NFT video works, so that a wider audience can watch them and receive a proportion of the associated advertising revenue generated by the work. You can also get petal reward from other viewers.

Server System Providers

Distributed content storage and each new server node added, need to update complete operational logic in real time, plus a part of the dynamically maintained video content and video information.

Algorithm Providers

Design open source algorithms to establish credit evaluation systems for content producers and advertisers; design open and transparent video audit algorithms, video recommendation algorithms, advertising strategies and bidding algorithms. Adopted algorithm providers will be rewarded with Petals.

Advertisers

Buy Petals and make bids, and the highest bid gets the opportunity to display ads; advertising agents are subject to a strict credit system assessment and spontaneously complete part of the early review of advertisement content.

DAO built by all Participants

Adjust the reward distribution in the whole ecology by holding Petals and voting; upgrade the credit evaluation system in the whole ecology by holding Petals and voting; select the recommendation algorithm, audit algorithm and advertising system algorithm by holding Petals and voting.

Token Allocation

Total issue/supply: 100,000,000,000 PTS (petals) will be created and generated in the initial stage, most of the PTS will be locked for an extended period. They will be released and supplied gradually over the next five years.

Roadmap

First Step

• Petals App product goes live with hundreds of videos.

• Content consumers could gain token rewards by viewing the videos.

• Content consumers could like, subscribe, and share the videos in Petals App.

Second Step

• Content providers upload videos freely, get token rewards by video’s views and shares.

• Token holders audit the videos and get rewards in a decentralized way.

• Content creators can mint video NFTs based on the popularity of their videos.

Third Step

 Ads auction system is online, advertisers get token rewards instead of fiat currency.

• Open source the default algorithm, improve data transparency and user privacy.

• Anyone can provide algorithm based on Petals platform. And algorithm providers get token rewards proportion to their usage in Petals platform.

Fourth Step

• Build Petals own App chain, improve user experiences and fees greatly.

• All videos store in decentralized storage network. Validators are both network and storage keepers in exchange for token rewards.

• Petals platform run fully decentralized, and organization works as DAO.