Appreciate Citizen's Web3 Revision to Welcome the Year of the Tiger

Feb 4, 2022

Happy Year of the Tiger to everyone!

At the beginning of the new year, many community members gave out red envelopes, such as #decentralizehk good health, group worship to receive 88,888 LikeCoin red envelopes , don't miss it, I wish you a fruitful return!

To get the red envelope, you need to install the Keplr wallet first. Keplr is an extension for the Chrome browser that needs to be used on a desktop computer.

Appreciate Citizen Web3 (beta)

Appreciating Citizens will take another step forward. Decentralized publishing is our response to this era.

The Web3 community is a transcendence, pursuing innovation and independence outside the system. LikeCoin decentralizes step by step according to this principle: canceling legal organizations, developing LikeCoin DAO to manage public funds, and gradually lowering the threshold for participation in governance. Next, appreciate citizens should also further decentralize, leave the traditional financial system, and develop their own unique economic cycle.

Furthermore, at the core of Web3 is "ownership". Appreciating citizens' contributions to the community is an important stakeholder, and deserves a greater voice and status in the community.

In order to create the future and meet challenges, Appreciation Citizen will evolve to the Web3 version: after February 21st, you can become an Appreciative Citizen by entrusting LikeCoin to the "Citizen Appreciation Node". In addition, in order to stop wasting resources on catering to traditional regulations and avoiding policy risks, we appreciate citizens stopping support for credit card payments from now on , and stride towards a pure Web3 world.

Appreciate citizens stop supporting credit card payments today and make big strides towards a pure Web3 world.

Reward money with commission and give back to creation

The Appreciative Citizens Web3 beta, launched on February 21, has the following features:

1) You can give back to the creation without spending any money

Delegating LikeCoin can generate an annualized 7%-20% return ( see Proposal 7 for details ). Distribute these reward amounts by likes and give back to the creation
Get back your LikeCoin principal at any time (21-day cooling off period)

2) Become a stakeholder and participate in the LikeCoin DAO

Delegated LikeCoins represent voting rights, and can directly vote on community proposals

3) The more contributions, the greater the influence

The more LikeCoins entrusted, the greater the voting rights, and the more creation funds distributed by likes
Delegate different amounts, you will get a unique halo of appreciation citizen avatar, praising your contribution

Suppose Alice delegates 25,000 $LIKE, and the annual return on delegation is 15%.
Returns generated per month = 25,000x0.15/12 = 312.5 $LIKE, which is about $6.25 today.
You can give back to your creations without spending your principal.

Revised schedule

The new version of Appreciate Citizens Web3 (beta) will be launched on February 21, 2022
Automatic credit card/Paypal payments for existing monthly fee customers will automatically stop on the next billing date. Until then, Appreciated Citizenship membership is still in effect.
The fiat currency balance that the existing appreciation citizens have paid will be mixed with the delegated return in the new plan, and the author can continue to be rewarded in the form of likes
Liker Land will stop supporting credit card collection from now on, and will temporarily suspend the registration of new appreciation citizens until the new version is launched
Annual fee users: LikeCoins equivalent to the remaining monthly amount will be refunded on a pro-rata basis

I don't have LikeCoin, what should I do?

If you are an Appreciated Citizen before November 30, 2021, congratulations, you will be able to receive LikeCoin airdrop rewards from February 21. Check out how many LikeCoins you earn here .
If you already own cryptocurrencies, it is recommended to purchase LikeCoin from the Osmosis decentralized exchange. No registration is required, and you only need to have a Keplr wallet to use it.
If you don't have a cryptocurrency and haven't applied for an exchange account, please apply now to catch up with the big trend of web3. LikeCoin can be purchased on the following exchanges: Liquid ,Digifinex , ZB .
Hong Kong users can also purchase LikeCoin in Hong Kong dollars at MyEthShop in person.
Of course, don't forget to get the LikeCoin red packet of the Year of the Tiger for the Spring Festival!

If you encounter difficulties in the process of purchasing LikeCoin, please contact customer service for assistance.

Using cryptocurrency, the amount is directly transferred to the other party's wallet, without going through banks and other intermediaries, the process is faster and safer. From then on, individuals can fully control their own assets.

Appreciate Citizen Web3 FAQ

1) Appreciate what citizens have contributed to the creative community?

Use the reward of commissioning LikeCoin to give back to the author by liking. The more commissions, the greater the contribution
Pressing likes also affects the distribution of the creation fund, further giving back to the creation
The right to participate in community votes to decide policies

2) How to become an Appreciative Citizen?

Register Liker ID and entrust a certain amount of LikeCoin to the "Appreciate Citizenship Node", you will get the Appreciated Citizenship.

3) How do appreciative citizens give back to creators?

Appreciating citizens can click the like button in the article to distribute the commission return money to the author.

4) What is the Creation Fund?

The Creation Fund is a special fund set up to encourage creators. The LikeCoin community authorizes the Creation Fund Committee ( see Bill 23 for details ) to decide how to use it. At present, readers can click the "Appreciation button" for the author to get the fund sponsorship.

5) What are the principles for granting funding from the Creation Fund?

The Creation Fund Committee will allocate the matching fund of the current month at a ratio of approximately one to one according to the total commission return generated in the previous month.

6) What is the relationship between Appreciating Citizenship and the Creation Fund?

In principle, the more LikeCoins donated, the greater the influence will be. At 12:00 noon every day, the system will refer to the like data of the previous day, and allocate the fund quota for the day to the author.

7) How to buy LikeCoin?

To become a citizen of appreciation, you must first purchase LikeCoin. Osmosis is currently the decentralized exchange with the highest circulation, and you can exchange LikeCoin for another 32 cryptocurrencies.

If you hold fiat currencies such as Hong Kong dollars, Taiwan dollars or U.S. dollars, please purchase USDT, which is a stable currency in U.S. dollars, from exchanges that support fiat currencies or over-the-counter transactions, and then purchase LikeCoin directly from exchanges such as Liquid ,Digifinex or ZB . You can also buy UST and exchange LikeCoins at Osmosis, but note that you must have a small amount of LUNA to pay for the transaction fee.

If you are a Hong Kong user, you can purchase LikeCoin in person at MyEthShop .

8) How to cancel Appreciation Citizenship membership?

Simply cancel the delegation to the Appreciation Citizen Node, and the membership will be cancelled. Note that it takes 21 days to cancel the order.

9) After canceling the Appreciation Citizenship membership, can I get back the commission return that has not been dispatched?

No, the accumulated commission returns will always be stored in the system and can only be distributed through likes; however, the commissioned amount (principal) can be withdrawn at any time.

10) After canceling the membership, can I continue to distribute the remaining commission rewards by pressing like?

Yes, but it cannot affect the distribution of the Creation Fund.

11) Who is responsible for the operation of the Appreciation Citizen Node?

Appreciated Citizen Node is operated by Liker Land Corporation.

12) Will the appreciative citizen node vote?

Liker Land will not vote as a validator, but will encourage delegated appreciative citizens to pay attention to community issues and vote actively.

13) Why is it rewarding to delegate LikeCoin? Where does the money come from?

The commission return comes from the additional issuance mechanism of LikeCoin, and the purpose is to reward the nodes and delegators who have contributed to the maintenance of the LikeCoin network. LikeCoin uses the typical Bonded Proof of Stake mechanism, and the logic and parameters are inherited from the Cosmos SDK.

For a detailed explanation of the commission return, please refer to this article .

14) I want to pay directly to support creators, what can I do?

You can transfer LikeCoin directly to the author's account. Please refer to this article for the transfer method.

community monthly meeting

The February community meeting will be held next Monday (February 7) at 6:30pm Hong Kong time, so please join us.

LikeCoin is a decentralized publishing infrastructure that assists authors in registering content to the blockchain and writing down permanent credentials ISCN to achieve content authorization, verification and traceability.