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In-Depth Look at CoinDogg

UTC by Andy Watson · 4 min read
In-Depth Look at CoinDogg
Photo: CoinDogg / Facebook

In addition to helping creators better monetize their content and access the 1 trillion+ USD locked up in cryptocurrency, CoinDogg will also enhance the ability for creators to leverage their audiences across channels.

CoinDogg is on a mission to build the first blockchain-based digital rewards platform for content creators and their supporters. Their platform will empower independent creators to monetize their content in any currency on any platform and reward their loyal followers with tradeable NFT rewards.

The ecosystem is made up of three pillars: the donation widget, NFT marketplace, and creator marketplace. And is centered around “DOG”, a soon-to-be-launched ERC20 token.

The use case of DOG extends all three platform pillars starting with the donation widget where it is used as a means to monetarily support creators. Fans can choose their favorite creators (YouTubers, podcasters, streamers, etc) to support and give them DOG tokens to ensure their favorite creators continue to produce content.

The DOG token is also the primary means of exchange for tradable NFTs that are gifted to fans for supporting creators. Each time a fan supports a creator they love, they will receive NFTs that can be bought and sold on the CoinDogg marketplace.

The NFTs that are gifted to fans for their support will be the main form of incentive they have to support creators. Fans will be airdropped ERC-721 or ERC-1155 NFT tokens, directly to their wallets and will have the ability to trade these openly on the CoinDogg marketplace or any other NFT marketplace like Rarible, Nifty Gateway, Opensea, and more.

The final pillar of the CoinDogg platform provides another use case for the DOG token by means of creators commissioning artists to create their NFTs. For example, a creative YouTuber may decide to gift a set of artworks to reward their fans but lack the visual design skills to execute, the CoinDogg creator marketplace is a location where they can commission talented artists to produce the artwork on their behalf and pay for the project in DOG token.

In addition to helping creators better monetize their content and access the 1 trillion+ USD locked up in cryptocurrency, CoinDogg will also enhance the ability for creators to leverage their audiences across channels. This will be done through the CoinDogg donation page for each creator where creators can customize and connect the various channels they use to publish content online (e.g. YouTube, Twitter, Medium, Twitch, etc). Each creator will also be in control of the appearance of their donation page ensuring they can maintain the look and feel of their brand.

The donation page will also enhance content discovery amongst fans, therefore, increasing each creator’s perceived value amongst supporters. This will increase fan engagement and the longevity of their support thus reinforcing CoinDogg’s value proposition.

There are millions of independent creators across the globe, each connecting with an audience in their own particular niche, and using platforms to educate, entertain, and engage fans. By providing the tools they require, CoinDogg empowers these creators to monetize their content in a more efficient way.

Creators benefit from increased revenue and are free to create the content they want, can give thanks to their fans and maintain engagement, benefit from NFT royalties when minted tokens are traded on secondary markets, and diversify their revenue streams.

Fans can benefit by ensuring the longevity of the content creator they love and feel valued and be rewarded for showing their support but are also able to profit from the resale of the NFT tokens in secondary marketplaces.

Freelance artists can also benefit by opening up additional revenue streams, and can even earn cryptocurrency by creating artwork that will be minted to NFTs.

The CoinDogg IEO will commence on Exmarket Launchpad from March 26th. Feel free to join the CoinDogg community for more details!

Altcoin News, Blockchain News, Cryptocurrency news, News
Andy Watson
Author Andy Watson

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