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Cent — A network for universal creative income
Cent is where Creators + fans earn income together. There are 2 'mechanisms':
1) 'Seed a Creator' and get rewarded.
2) 'Spot' a post, and show you like it.
Both put your money where your mouth is.
Try it out. There are a lot of amazing artists to support.
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@rrhoover Great question. We are currently on the cusp of a major shift. We started off with a mainly crypto-focused audience because of the nature of the payments and incentives on the network. As we iterated on the mechanisms, we started to see a shift towards more crypto art and digital art. And in the past few months, we're seeing more mainstream subcommunities begin to flourish - things like photography, poetry, comedy, even gaming and vlogs.
With this release, one of the major things we worked on is making the product as easy to use as possible (i.e. so easy your grandma could use it). We think this will be the key to onboarding creators of all types, so they don't have to focus on understanding a new platform and the technology behind it. So they can focus on what they love doing - creating.
@rrhoover Here are some of my favorite artists right now: https://beta.cent.co/missalsimpson ,
https://beta.cent.co/brinkman (does animations for late night TV like SNL, Jimmy Fallon, etc.) ,
https://beta.cent.co/sphericalart
@rrhoover One theme of content types has been documenting "the process". Many creators not only share their final work, but document the steps that went into creating. Fans seem to really connect with creators more as they learn more about their process, and it's also the perfect way for aspiring creators to learn. I think this is missing on other platforms. It really gives you a "behind the scenes" feel and gets away from the Instagram-like idea that every thing you post has to be absolutely perfect and in its final form.
Top Hunter
Seems a combination of Ello and Steem, with a side of CryptoKitties.
Signing up with BOTH email and Magic links was confusing and didn't work on iOS, but otherwise I like what I'm seeing so far...!
@chrismessina Sorry for the trouble! We are working with our partner at Magic to help resolve that issue. Please bear with us a little longer as we get that fixed. In the meantime it appears that users who unblock scripts or cookies (for example if you use Brave browser with shields off) do not have that issue.
This week, we launch the next era of Cent. We've learned a lot over the past year and are super excited to finally get this out into the world.
A brief intro to how it works:
- Fans can "Seed" creators who they think will create more value in the future. Seeding is giving a set amount of money to a creator each month, and receiving a portion of all Seeds given after you. This gives the creator a monthly income and incentivizes early fans to share the creator's work.
- You can "Spot" any post on the network. This is simply a fun way to give 1 cent to the creator of a post to show you appreciate their work, and you can hit the Spot button as many times as you want.
1,000 Likes is 1,000 Likes. 1,000 Spots is $10.
Check out the site and please ask us any questions or leave any feedback here! We're currently working on adding some explanation videos to the site and they should be up shortly.
- Pavan, ¢
Looks like a really creative and amazing idea that works well with the 1000 fans concept. Will try it out :)
Cent has one of the coolest concepts I've come across recently. It's like Patreon on-the-go where you can support your favorite creators. However, it takes it even a step further by allowing fans to share in the success of the creators' work, incentivizing them to help the creators in spreading their work.
Congrats to @pav_sethi and the team!
Good job @pav_sethi Are you guys thinking of any type of featured content or curation? It would be great to check the quality of content before creating an account. There's a tutorial in the intro, which is fun, but it would be awesome to see a visual layout of the Leaderboard – not just account names. Hope this makes sense 🙌
@pav_sethi Thanks, sorry for sounding aggressive. I'm on it now and I'm wondering (a) do I connect a bank account so I can seed and where do I do this? (b) Right now it seems like I can spot people, the button clicks, but it shows up nowhere in the earnings page, even under the spot tab. (c) Does Cent collect any commission from creators?
@alunimoony Not at all! Thanks for alerting us, it was a small bug that we were able to resolve quickly. a) Currently, you can purchase ETH on Coinbase and send it over to Cent. There will be instruction videos posted on the site by tomorrow that explain exactly how to do this. You'll be able to purchase with a debit card or credit card on Cent very soon. b) Do you have money in your Spot balance before clicking? If so, it may take a minute to update, but this may be a bug, which I'll look into right now. c) We currently take 5% from all money Seeded to Creators.
Honored to be on this journey with you guys. Cent is a very inspired use case of blockchain, and has never ceased to innovate. Really loving the refined focus and new design, making unique properties of the blockchain accessible to creators and fans globally - very excited for what's next! 🔥Congrats everyone!
Really like the idea. Have some doubts about the monetization plan tho.
1) As more and more people seed an artist, and given that every previous seeder will get a cut of *all* the next seeders... how does that scale? Practical example: An artist has 100 seeders, the 101st person seeds 1$ - how much of that dollar reaches the artist? #PonziScheme?
2) Also, how much of each spot reaches the artist? Your site/FAQ never explains how the platform makes money. You need to keep the lights on and process also those payment transactions. Do artists pay you a monthly fee? Do you get a cut of all spots/seeds, like Patreon?
Can you clarify these doubts? Thanks :)
This is really cool. Love the product! Few thoughts:
- Did you consider simplifying the reward system perhaps in this way: All Seed money goes to the creator (instead of some going to previous Seeders), Spot money gets split between the creator, Seeders, and Cent?
- I don't get any feedback if I try to Seed or Spot without having funded any money. I'm sure a complete solution to this is in the works, but it might be good to just link to the funding page as a temporary measure?
- Excited to check out visuals showing share of future income to Seeders whenever you build that out.
Joined Cent just before it received this wonderful update! I've seeded five creators and got seeded by five users, so far so good. It's a breeze of fresh air in a sea of social networks oriented towards amassing followers and hollow likes.
@zellersamuel1 this is so incredible to see. Happy that you get it like we get it👊 Spots > empty likes all day. Super excited to watch creators and their fans really start earning larger and larger sums together.
@zellersamuel1 I'd like to check out your work on cent! how can I find you?
It's a very interesting product. I'm especially impressed with the concept of letting first seeders see kind of a "return" on their initial "investment" in a creator. I do have to say, though... I'm not a fan of the UX, It was quite difficult to navigate and a bit confusing. Although, that might be because I'm part of an older demographics? :(... Ok, boomer. Either way, congrats on the launch!!
This feels like it's just Patreon with multi-level marketing pyramid schemes built in. That's not better. That's worse.
I logged in and there is a message that says "migrate to the new cent, WEB3, connect a web3 address listed below:" and then a bunch of numbers and letters... and I'm lost...
@kmikeym Hey Mike, were you still experiencing issues? We went down temporarily on launch day but were able to get it fixed quickly.
New to Cent and upvoted. I like the intro video, and as a former YouTuber myself, I like the concept of shared income with the fans. Congrats on making the PH homepage!
@dndombe Thank you! That intro video was all @acmorreale. Let us know if you have any feedback or questions.
I have been a cent member for a while now and while I am opposed to change, I must admit I am loving the new Cent, the updates have proven their worth to me and all my followers at the Church de Dabdragon! It's absolutely Dabdragon Approved and comes with CryptoArt League Seal of Approval for Excellence
@dragon4366 Great to hear! We did our best to improve the design and experience, while keeping the parts that our first users loved. Many more updates to come.
?makers this looks like an amazing product! Just curious why did you choose ETH for payments on the platform as opposed to Bitcoin or another cryptocurrency? Keep up the awesome work, Cent is very exciting!
Looks like a super interesting way to support creators. One piece of feedback i'd suggest is that when signing up, if you don't get the email with the magic link you're stuck. I have no recourse to send email again or contact support, i am just stuck on a screen saying that you've emailed me (The emails eventually come through, but 15-20 minutes after they were requested as shown by the time listed inside). Excited to try it out once I get around this though.
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