PolyAnnieStudios in topic FlameToken OC
TIPPING
Users can use Flame Credits to reward quality content on the Sharesome platform.
Additionally, we are implementing the Sharesome login (similar to Facebook Login) and Flame tipping (similar to Pay with Paypal or Flattr) as options on third-party sites, allowing viewers to easily interact with and reward content they like.
In order to achieve this functionality, keeping in mind that tipping is an act of sending a small amount of funds, often, quickly, to different parties. Considering today’s state of the blockchain, where transactions can be slow and expensive at times, we’ve decided to begin with a system through which users can keep Flames in their Sharesome wallets. Needless to say, users could potentially withdraw their Credits from Sharesome, following the required KYC policies. This solves the problem of speed and cost of transactions that would be imposed upon users, incentivising users to tip more freely and therefore creating a dynamic economy within a compliant system.- from Flame Token White Paper
Users can use Flame Credits to reward quality content on the Sharesome platform.
Additionally, we are implementing the Sharesome login (similar to Facebook Login) and Flame tipping (similar to Pay with Paypal or Flattr) as options on third-party sites, allowing viewers to easily interact with and reward content they like.
In order to achieve this functionality, keeping in mind that tipping is an act of sending a small amount of funds, often, quickly, to different parties. Considering today’s state of the blockchain, where transactions can be slow and expensive at times, we’ve decided to begin with a system through which users can keep Flames in their Sharesome wallets. Needless to say, users could potentially withdraw their Credits from Sharesome, following the required KYC policies. This solves the problem of speed and cost of transactions that would be imposed upon users, incentivising users to tip more freely and therefore creating a dynamic economy within a compliant system.- from Flame Token White Paper
