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Why should I become a Civic Liker? Any benefits?
Civic Liker Web3
Civic Liker is a movement that rewards good content and encourages openness.
You can become a Civic Liker by staking at least 5,000 LikeCoin to the "Civic Liker" node with a Liker ID tied to the staking wallet address. The node takes 100% of the stake reward to allow you to distribute the reward to the creators you "like" via the LikeCoin button.
Like = reward. Every Civic Liker's "Like" by clicking the LikeCoin button will be converted into LikeCoin rewards for the creators. The stake reward is distributed without touching the staked LikeCoin principal. The more you stake, the more stake reward you will receive, and thus the more budget you can allocate to rewarding creativity.
Example:Let's say Alice stakes 25,000 LIKE to the "Civic Liker" node. Assuming the staking APR is 15%, the monthly stake reward would be 25,000 × 0.15 × 12 = 312.5 LIKE. By giving "Likes," you can distribute the stake reward to creators while keeping your staked LikeCoin untouched.You can withdraw from staking at any time after a 21-day cool-down period.
Clicking the LikeCoin button will turn into LikeCoin rewards for the creators by distributing the stake reward, but not the staked LikeCoin principal
The Creators Fund aims to support creators and is distributed to them through "Likes" via the LikeCoin button. The more you delegate to the Civic Liker node, the greater voting power you have on the usage of the Creators Fund.
Free Liker's Likes can also reward a small amount of the Fund to creators.
Creators Fund is a budget granted by the LikeCoin community to support creativity. The monthly budget is roughly matched with the stake reward generated by all Civic Likers in the previous month. The usage of the fund will be regularly reviewed by the Creators Fund Committee established under proposal #23 of LikeCoin DAO.
We believe that every dollar we spend should be used to reward openness and not to encourage creators to lock their content behind paywalls. Civic Liker is a way to reward creators even when they offer their content for free.
Join us and support a more open world.
Civic Likers are eligible for future NFT drops. Stay tuned!
The Civic Liker movement started on January 1, 2019. Readers could join a $5 monthly subscription plan and reward creators by liking their content. As of February 2022, Civic Liker has rewarded 50 million LikeCoin to 24,000 creators.
The Civic Liker plan transitioned to a Web3 version on February 21, 2022, which implemented the feature of distributing stake rewards to creators and discontinued support for credit card payments. This is also known as the "Civic Liker Web3 beta."
Join Civic Liker