(Blurt.media; Blurt.blog/Beblurt.com)
Blurt! has redefined social media by building a living, breathing and growing social economy who’s principles stem from anti-censorship, freedom of expression and liberty.
Powered by decentralized blockchain technology, users are rewarded, in the form of the $BLURT cryptocurrency , for sharing their voice and engaging on the platform with activities such as:Posting – By sharing your posts and comments, you can earn votes from community members. Depending on the votes you receive, you may get a portion of the “rewards pool”, paid after 7 days from the time of posting.
Voting and curating – If you discover and like a post, you can show your appreciation by voting on it. Your votes generate “curation rewards” that are distributed back to you. The amount of such rewards will depend on the size of your vote. Curation rewards are currently set to 50% of your total vote value and are distributed as Blurt Power.
Purchasing and Vesting – Users can purchase BLURT tokens through various exchanges and then transfer them into your account. Such BLURT tokens can then be powered up, becoming Blurt Power (BP). Such BP will increase in value even without earning voting rewards. The current earning rate is set at 15% of the inflation rate and divided equally between all BP holders. The current rate can be found in your Blurt Wallet.
Where do the tokens come from?
The Blurt network continually creates new digital tokens to reward content creators and curators. Some of the newly-created tokens are transferred to users who add value to Blurt by posting, commenting, and voting on other people’s posts. The remainder is distributed to holders of Blurt Power and the witnesses that power and secure the blockchain.
Where does the value come from?
At its root, Blurt is simply a points system. However, because this points system is blockchain-based, the points can be traded on markets as tokens. People buy and sell these tokens, and many hold in anticipation of increased purchasing power for various Blurt-related services.
By analogy, Blurt is a game system where users compete for attention and rewards by bringing content and adding value to the platform. The rewards people earn are tokens that have market value and are readily tradable. It is similar to how someone playing a video game could obtain a limited item or currency by playing the game. If the currency or items are transferable between users, then they can sell or buy them on game item markets.