Lesson
Summary
- What is cXc and Purple?
- Concept and Structure of Purple
- Core Tokens: PURPLE, BLUX, SOL
- Impact on Creators and Users
Concepts
- What is cXc and Purple?: cXc.world is a map of music (and in the future, more types of media) and Music NFTs. Purple is the system of curation for content posted to cXc.world.
- Concept and Structure of Purple: Purple is a dynamic, three-token economy on the WAX blockchain. It’s designed to incentivize content creation and active participation. The platform integrates a unique tokenomic structure to facilitate interactions and rewards within the digital content sphere.
- Core Tokens: PURPLE, BLUX, SOL: Purple operates on three main tokens. PURPLE, the primary reward token, is scarce and signifies value within the ecosystem. BLUX is used for unlimited Ups, acting as a utility token, and . SOL is a daily-allowance balance verified users get for free, encouraging daily engagement and content discovery.
- Impact on Creators and Users: This unique economy model aims to empower creators by providing a fair and transparent platform for content monetization that is another layer on top of what their already doing. It also encourages users to actively participate in the ecosystem, fostering a community-driven environment where every interaction holds tangible value.
Key Takeaways
The introduction to Purple reveals a unique digital economy that revolutionizes content creation and consumption. It’s built on a three-token system, each serving a specific purpose within the ecosystem, and aims to create a more equitable, engaging, and rewarding digital space for creators and users alike.