Keystone of Opportunity and Knowledge – KOK
KOK is a content platform that is fair, open, transparent and accessible to everyone through the use of decentralized blockchain technology. It formed to create a platform ecosystem where producers can be recognized and receive fair compensation while consumers can enjoy a more diverse variety of content.
Context of the KOK project
1.1 Market Dominated Market
Global content platforms such as Google, Apple and Netflix have played a major role in the explosive growth of the digital content market. However, as their influence grew, so did unfair practices such as steadily increasing fees or biased content positioning schemes. As a result, on August 31, 2021, a bill was passed in Korea that made Google’s application of in-app payments illegal for the first time in the world.
Prior to that, on July 7, 2021, 36 states, including Utah and New York, and Washington DC filed a lawsuit against Google for violating antitrust law as a content platform, such as unfairly abusing the authority against app developers in the play store. As such, there is consensus on the problem of monopolization by global platforms, and this initiative aims to provide that solution.
KOK Project Management
• Reduce platform curation monopoly
• Improve arcane distribution structure
• Revise the high fee system
• Avoid information monopoly
Objective of the KOK project
• All content creators can make equal and fair use of platform assets
• Share values and visions, and adequately receive equitable benefits
• Activate and guarantee true creative freedom
The KOK Token is the key currency in the KOK ecosystem that can be used for payment, ownership, distribution, and remuneration of content.
The issuance and distribution of KOK tokens are determined by the original value, transaction value, circulation, and consumption volume of the token. In other words, the KOK token maintains an optimized distribution volume so that its intrinsic value can continuously increase. Tokens issued daily are paid out to service providers and supporters.
Entities constituting the token economy
There are a total of four symbolic entities; content providers, service providers, service enablers who indirectly participate in platform services by participating in the network. And finally, users who spend tokens to consume platform content and services.
Content Providers provide the Content displayed on the Platform. Any content producer who legitimately holds copyright and usage rights licenses can become a content provider.
When a user consumes the content published by the provider, the provider will receive adequate compensation and part of it will be paid to the platform in the form of storage space and user data charges. The fee is set differently depending on traffic and payment rates.
Service providers and service enablers are the same in that they provide resources to the platform and receive compensation, but are categorized by the type of resources they provide.
Service providers provide computing power and hardware resources in exchange for fees. Charges vary depending on the amount of computing power provided by the service provider. Content providers may also act as service providers, in which case the total fees may be reduced.
Anyone with specialized knowledge and skills can participate in the platform as a service facilitator.
Service enablers indirectly participate in the provision of platform services by staking tokens in the provider’s network. All people have the opportunity to contribute to the network as well as buy and deposit tokens.
User + Curator
The user spends tokens for activities such as viewing content, using platform services, and purchasing NFTs. Users can also become curators by reviewing, recommending and sharing content, and providing personal activity data to the platform. Curators receive rewards based on their activity on the platform.
Information obtained through user curation activities is used for algorithms that help recommend personalized content to other users. The user’s voluntary participation in curation helps them receive a true “transparent algorithm” and ensures an open, mutually beneficial dynamic as opposed to a purely profit-driven model, as is the tradition of mainstream platforms.
Dr Thomas Frey
Director of Da Vinci
Colorado Institute, USA
Google’s best futurist of the time
MEDIUM Technical Advisor since 2021
COO at IngleDodd Media
Blockchain Educator and Advisor, Guest Producer
Advisor for Medium since 2021
Associate Professor, University of Pittsburgh
University of California, Berkeley, JD and Ph.D.
(Law / Computing & Information)
Yale University, Information Society Fellow
MEDIUM Technical Advisor since 2021
We strive to build a fair, open, transparent and available content platform where creators can receive recognition and fair compensation while consumers can enjoy a greater variety of content.
Official KOK Channel Community
Company Name: KOK FOUNDATION
Contact person: pete oh
E-mail: Send an email