Frequently asked questions?
What is Webhits.io?
Webhits.io is an interest-based p2p web and social media service exchange platform. The platform’s mission is to provide tangible results, increase advertiser Return on Investment (ROI), and significantly lower the costs for website and social media engagement services globally.
A distinctive functionality trait of the platform is the innovative Social Mining feature that will fundamentally transform the relationship between advertising and cryptocurrency.
What is the WEB token?
Webcoin(WEB) is a utility ERC20 token based on the Ethereum blockchain. The WEB token serves as a unified currency for buying and selling services within the Webhits.io platform.
Where can I buy WEB tokens from?
In order to use the services on our platform, you will need to acquire WEB tokens. Our tokens can be purchased from cryptocurrency exchanges. To see the full list, please refer to the “WEB Token” section.
Where can I store my WEB tokens?
A cryptocurrency wallet is a software program that generates, stores and protects user private keys. Users can easily monitor their balance, send and receive digital currency. Webhits.io provides users with a multi-cryptocurrency wallet. The platform plans to further deepen its relationship with miners, reviewers and social influencers through lottery events and rewards in the form of ether, bitcoin and altcoins. The full list of cryptocurrency wallets and exchanges which support the WEB token is available under the “WEB Token” section.
How can I increase ROI results?
Unlike any other existing and relatively overpriced social media platforms, Webhits.io offers 10 times cheaper advertising services. Much like Facebook, Twitter, Medium and Pinterest the Webhits.io is also interest-based. This allows sole proprietors, businesses and global brands to more effectively advertise their offers to highly targeted countries of interest. Connecting with and capitalizing on interest-based audience will result in an increased ROI for advertisers.
How does it all work?
TYPICAL OPERATIONAL CYCLE:
1. The advertiser buys 1 Webcoin from a cryptocurrency exchange or the Webhits.io platform.
2. The advertiser spends 1 Webcoin within the Webhits.io platform and sends an order for a predefined amount of social media exposure (e.g. 200 social shares, likes).
3. The Webhits.io platform receives 1 Webcoin and sends an order to miners for a pre-negotiated amount of social media exposure.
4. The miner delivers the service successfully.
5. The Webhits.io platform confirms the completion of the task, and pays the L amount of 1 Webcoin to the miner. The Webhits.io platform retains the remaining of 1-L portion of 1 Webcoin.
By retaining a small proportion of Webcoin on every operational cycle, the remaining public supply of the coin will slowly decrease over time, leaving the team with disposable Webcoin assets at hand we would like to refer to as temporary operational “inventory”. The goal here is to create scarcity on the cryptocurrency exchanges which will increase the demand for Webcoin and ultimately its market price. The Webhits.io platform will generate income by offering this Webcoin “inventory” to advertisers, or by directly selling it on exchanges, thus maintaining the long-run public supply of Webcoin sustainable.
What is social mining?
Unlike Bitcoin, Webcoin social mining requires almost no GPU and CPU. Webhits.io suggests much simpler ways to earn Webcoins within the platform. Social miners are individuals who offer social media exposure for a fee. A miner’s duty is to provide a certain amount of exposure in the form of likes, shares and follows for a company. The miner would be motivated to deliver the service because a rewarding portion of Webcoin revenue will amount to his service fee.
What is required to mine WEB tokens?
Unlike Bitcoin, in order to engage in Webcoin social mining, miners need to download our desktop application. The mining app is lite and it doesn’t require any additional hardware which allows everyone with a computer at home to mine WEB tokens.
Do you offer custom services?
The platform will also offer white-label solutions. If a corporate advertiser requests that a custom technological feature be built into Webhits.io for a one-time project, then the platform will implement the requested feature and accept Webcoin as compensation.
What type of advertising content will not be accepted?
We strive to create a healthy marketing community so we will not accept and have no tolerance for hate speech, racism, porn, nudity, politics, weapons, gender discrimination and drugs. Also, the platform reserves its rights not to approve advertiser’s content which could be considered “sensitive” or “offensive” by the platform.
How can a freelancer benefit from the platform?
The advancement of the Internet technologies allows millions of people worldwide to work remotely from virtually anywhere. The number of freelance marketplaces like Fiverr, Freelancer and PeoplePerHour is growing and so is the number of freelancers. It becomes harder and harder for a freelancer to stand out and earn money online. Webhits.io encourages freelancers to offer a greater variety of social media and website related services. More services will lead to improved profile visibility, more clients, thus more income.
Who is considered to be a social influencer?
Influencer marketing focuses more on influential people’s social reputation. It identifies individuals who have influence over a potential buyer segment, and focuses marketing activities on these influencers. Influencer marketing derives value from 3 sources:
1. Social reach:Influencers reach out to millions of consumers through their social channels and blogs.
2. Original content:Influencers produce original and compelling business-oriented marketing content for the brand.
3. Consumer trust:Influencers maintain a strong relationship with their audience. People take social media authority figures seriously and they trust their judgement. Followers popularize influencers’ messages on social media, hence reaching out to even more potential buyers.
How can a social influencer benefit from the platform?
The integration of Ethereum smart contracts within the Webhits.io now allows large advertisers to customize their high-end service requests based on specific criteria and benefit more from working with social influencers. For instance, when a popular company (advertiser) requests a sponsored video review of their new product, the platform sends the service request to a renowned social authority figure. The influencer reviews the terms and decides whether to accept the offer or not. If the person accepts, he also agrees to stick to the conditions of the advertiser. Upon the completion of a secure payment, the monetary value of the transaction is safely kept by the platform until both parties independently confirm that the job has been completed.
What is a reviewer?
Reviewers are people who review advertiser web and social media content for a fee. Webhits.io selects and encourages reviewers to examine a number of websites or social media posts based on their interests, language and geographical location.
How does the reviewing process work?
Three reviewers will be randomly selected by the platform to analyze and authorize the posts. The approval of two out of three reviewers will be needed for every post. Only then will the posts be sent to the appropriate miners. We strive to create a healthy marketing community with no tolerance for hate speech, racism, gender discrimination and drugs. Reviewers will have an incentive to deliver results because a rewarding portion of Webcoin revenue will constitute their service fee.
What is Ethereum blockchain?
Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments.
While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application. In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network.
Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network. There is a second type of token that is used to pay miners fees for including transactions in their block, it is called gas, and every smart contract execution requires a certain amount of gas to be sent along with it to entice miners to put it in the blockchain.
What is ERC20 token?
ERC stands for Ethereum Request for Comments. This is an official protocol for proposing improvements to the Ethereum(ETH) network. '20’ is the unique proposal ID number. ERC20 defines a set of rules which need to be met in order for a token to be accepted and called an 'ERC20 Token'. The standard rules apply to all ERC20 Tokens since these rules are required to interact with each other on the Ethereum network. These tokens are blockchain assets that can have value and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency. The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions.
What is a utility token?
Utility token is a digital token of cryptocurrency that is issued in order to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency.