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What is LikeCoin (LIKE) and how does it work?

by Financial Economy

LikeCoin (LIKE) is a Blockchain project that rewards all artists by defying traditional royalty licenses like CC. In this article, we have answered the questions of investors such as what is LikeCoin, what it offers, what is LIKE, what it does, how to get it. Let’s examine together this project, which aims to radically change the copyrights and broadcasting licenses on the internet. You can browse here for information about Blocery (BLY) coin.

What is LikeCoin (LIKE) and how does it work?

Creative Commons and other open licenses available on the Internet allow for free and free distribution of content. These licenses are very popular as they allow users to access content for free. However, writers, photographers, artists, and other creators must waive payments. This means that most independent creators do not make money by publishing their work online.

LikeCoin aims to solve this problem and radically change the license area. The project is releasing alternative licenses to contracts such as Creative Commons. It also uses technologies such as Blockchain, crypto money and NFT for this. Cryptocurrencies reward content creators, while Blockchain secures the license. Due to the nature of blockchain, nothing recorded is deleted from the ecosystem. This means that artists can retain ownership of their work indefinitely.

LikeCoin features!

LikeCoin, a BPoS Blockchain built with the Cosmos SDK, works with the cryptocurrency LIKE. LIKE is the utility and governance token of this ecosystem. Users use LIKE as the primary token in all new projects built on the platform. Asset, all transaction fees, network usage and services on the ecosystem also appear as a payment method. LIKE, a hyperinflationary cryptocurrency, can be staked by users. Users who stake their LIKE have the opportunity to participate in the management of the platform while earning passive income.

What does LIKE token do?

Built on the Cosmos network, LikeCoin currently has a number of NFTs. Content creators can access these tools through the platform. Accordingly, they gain various advantages such as converting their own artifacts into NFTs. NFTs can be sold on LikeCoin’s NFT marketplace. Accordingly, artists can earn money by selling the copyrights of their works. This makes the content market more decentralized and fair. Meanwhile, users can also use its decentralized social network similar to Twitter.

Which exchange is LIKE coin on?

LikeCoin is listed on some cryptocurrency exchanges such as Osmosis, etc.

How to buy LIKE coins?

LikeCoin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

LIKE token supply!

Total supply of LikeCoin is 1.081.994.160 units.

LIKE token price!

As of December 21, 2022, at the time of the writing, 1 LikeCoin price is around $0.0017 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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