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Got questions? Well we got answers, at least a few to the most commonly asked
Buzzup is a social media platform that is built on the blockchain. Users are given an identity token upon sign up that gets stored in a crypto wallet (or one of our custodial wallets). Users can earn $BUZZ Tokens when content they've created gets a buzzup. Or earn Creator-based Social Tokens when $BUZZ Tokens are created for another user. (Imagine swiping on a dating app except for content.)
You will need to connect a wallet that holds the identity token or store the identity in a custodial wallet that we issue to your login account. For those used to handling crypto-enabled wallets, there are multiple wallet integrations we support.
You are paid based on $BUZZ Earned and $BUZZ Staked. Buzzup takes a 10% commission on all revenues and remits the remainder into two payout pools. On launch, 70% will go to the Earnings Pool - which is the total $BUZZ earned from the platform. The other 30% will go to the Staking Pool - which is the total $BUZZ staked by token holders.
$BUZZ is also used for voting on proposals drafted by the community. Token holders will control platform's direction, the algorithms, and the financial payouts.
Social Tokens are issued per Creator when you create $BUZZ on content. You receive an equivalent number of Social Tokens to the $BUZZ Tokens you create.
By creating or storing content on Buzzup, you are effectively a Creator. Your content (if set to public or visible) can be buzzed up by other users earning you $BUZZ Tokens. (See above for how $BUZZ yields rewards for you.)
Q2 2023