The project aims to create a global blockchain-powered news publishing platform that fairly rewards all of its participants and serves as a realistic and economically viable model for publishers to adopt and build on. The objective is to significantly enhance the existing media structure to make it self-sustaining.
Newspapers have traditionally relied on revenues from print advertising and subscriptions, but over the years, the industry has seen a transition from a print-based economy to a digital one. In 2017, the digital advertisement market was valued at around $230 billion and is expected to reach $335 billion by 2020. However the market is dominated by a small handful of large social networks and general-purpose search engines (Facebook and Google accounted for 60-70% of the advertising market in the USA), much to the exclusion of newspapers.
The legacy model of the newspaper industry, with its high reliance on advertising revenue, has lost its relevance in the ‘post-truth’ era. Added to this are other key problems which the industry faces at large including fragmented readership, unverified or fake news, and increased competition resulting from media deregulation and consolidation, among others.
PUBLISH will address these issues by essentially creating an enhanced media ecosystem comprising of news content producers, community editors, advertisers, and ultimate consumers or readers.
The PUBLISH alliance is a consortium of media enterprises, technology providers and academic institutions tasked with a mission of revitalising the media industry through blockchain technology.
Publishers joining the PUBLISH Alliance are provided with a full news feed in real time, with approximately 40 blockchain-related news articles and 100 breaking headlines produced by professional in-house reporters and blockchain experts on a daily basis. Aggregated price information for major cryptocurrency trading pairs is also available through the PUBLISH service.
NEWS is PUBLISH’s proprietary token that will be used for every transaction within its news ecosystem.
Sonny Kwonis the co-founder and CEO. He is also managing director from 2016 at Elmin Media, global digital media accelerator.
The team is also behind TokenPost, the largest blockchain news media in Korea, and Kchain, a leading Korean blockchain consulting group
The company hold on to 1 billion tokens, which will be locked up for a year. After the initial lock-up period, 10 million tokens a month will be unlocked and made available to be used for operating expenses of the company.
The project was awarded 'Best Digital Media Start-up' at the Asian Digital Media Awards 2019 by WAN-IFRA
PUBLISH has been awarded a patent by the Korean Intellectual Property Office (KIPO) for a blockchain-based fact-checking system.
Price Analysis for Publish (NEWS)
NEWS has Rank #1085 with Market Cap of $1.2 Million.
It has a circulating supply of 250 Million coins and a max supply of10 Billion coins (1 BTC = 2.3 Million NEWS). All-Time High was $0.00692538 2 months ago and is down -31% compared to the current price of $0.00478178. All-Time Low was $0.00097808 7 months ago and is up 387% compared to the current price. 24-hour trading volume is $189,877 USD.
Based on the 30-Day chart, the resistance level sits at $0.0052. Trend line tried 3 times to breakout but for now without success. We should wait for the resistance level to be support level before placing our bets.
Based on the 1-year chart, the trend line is in upward direction and together with increased trading volume can make us optimistic about further price gains.
DragonEx is the current most active market trading it and is apired with USDT. You can trade it also on Hoo.com paired with EOS
- The team will keep you updated through official channels whenever the roadmap is updated.
Should I buy Publish (NEWS)?
PUBLISH is a leader in projects on content sharing (Civil, Steemit, DNN, and others). Although still young, the project already won awards and patents for its work. Thousands of internet newspapers will now have a number of cutting edge tools at their disposal to help them maintain relevance in an increasingly competitive landscape.
Should you buy into this coin? Investing is a personal choice and investors should consult with experts when making financial decisions. It's important to note cryptocurrencies are highly volatile, unregulated and have the potential to go to zero. If this doesn't discourage you and would like to know if this coin made it to our shortlist, check out our weekly Altcoin Reports.
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