Idea & Token
Nowadays, Internet is an informational chaos that produces 4.6 billion pieces of content every day. The problem is that people can’t find out which information they can trust and which is just “fake news”. RedPen is creating a social news and storytelling platform based on blockchain and artificial intelligence (AI). It will combine news, information and public opinion of any story into one experience to let you see what the Internet thinks, feels and says about the story. What is important, the platform will provide reputation and bias of every author. Like using a red pen in the Internet, the platform will enable everyone to follow and contribute to the most transparent, informative, and contextual rendition of content and news.
RedPen will also stimulate people to participate and share conversations with their friends and as a result – to create communities. By using AI and analytics the platform is going to provide the fastest way of delivering required information along with its context.
Their ERC-20 token called RPN is a protocol to be used to get a RedPen Membership and then to purchase different products and services including requesting new content sources, eliminating ads, obtaining discounts, etc. RedPen will also reward socially responsible users, content creators and partners. A total supply is 250 million tokens. The distribution is as follows: 60% – sale, 15% – team, 10% – advisors and partners, 10% – company, 5% – rewards.
The RedPen team includes four members of the leadership group bringing decades of experience in business development, engineering, blockchain, and marketing. The team comprises and keeps growing with specialists in technical specialists in data science, machine learning, natural language processing, blockchain, and large-scale distributed systems. The project’s CEO and founder Ryan Lewis is a world-renowned producer, musician, music video director, and entrepreneur. Add here 8 advisors with experience in IT, blockchain, government, corporatw strategy, and investing.
RedPen is creating a “real” information platform where people could trust the content they see, participate in the story discussions, tell their stories and see all authors with their personal reputation and bias. A good idea in our world full of fake news. Though Ryan Lewis is a musician and has no connections with the crypto world, he’s really involved in the project and full of enthusiasm, and his famous name will definitely attract a lot of public attention. RedPen already has an MVP, a mobile app and the technology that allows detecting story similarity and summarize language comparison.
A project with a simple idea to resolve a really demanded task of searching for information people could trust, and led by a group of experienced entrepreneurs full of enthusiasm. We like the concept.
RedPen ICO datesexport to calend
In its early days, the Internet brought us all closer together. It revolutionized how we shared information, found inspiration, and connected. It enabled people to cross borders and to foster larger, more integrated online communities. Today the Internet is in a state of chaos. We are overloaded with information. People seeking content and social conversations are forced to spend significant time and use multiple platforms to navigate their online experience. Every single piece of information is talked about in dozens (if not hundreds) of different ways. The same news story could be told from completely opposing viewpoints, varying by the publication and the columnist who wrote it. Reviews and reactions on one site might sound negative, while on another site they might be completely positive. This issue extends far beyond the flagrant term “fake news.” Every content creator, influencer, and “digital pen” can write whatever they’d like on the Internet. There’s too much content, too many voices, and we don’t know who is and isn’t worth listening to. We rely on our fast-paced world of blogs, viral videos, and rapid-fire reporting.
We believe the Internet needs a horizontal layer of global intelligence. The entire world is competing for attention. Publishers are constantly trying to cater to 24-hour consumers. Content creators are competing for clicks, page views, and what’s trending. Digital platforms are deciding what content to show people based on what they “Like”. As a result, we now question the first search result, the integrity of the post on the front page of a major publication, and the writer’s reputation or credibility. There is confusion, a crisis of credibility, and a fear of missing out.
By leveraging blockchain technology, artificial intelligence and massive online communities, an opportunity exists to solve these pressing issues. With this social platform, we will create interactive summaries, compare content and conversations, and highlight author reputation to allow people and communities to quickly understand what the internet is feeling, thinking and saying.