What is Publica Coin?
Publica Coin is a cryptocurrency issued in the form of tokens based on the Ethereum Blockchain . The focus is especially that with this cryptocurrency networked system in the foreground, which allows users to realize book ideas means crowdfunding. This should enable a decentralized publication of books.
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Book publication using Publica Coin
To publish a book using Publica Coin, the author has to store it decentralized, whereupon a so-called “READ” token is generated. The author can then set a price at which the book or tokens should be sold. Now users can now purchase the book through Publica’s webapp. For payment, the cryptocurrency Publica Coin is used.
Publishing through Publica offers several advantages. One of them is that a crowdfunding phase can be done on a book. If there is not enough funds to implement a book idea, an author can perform an initial coin offering (ICO) and sell the “READ” tokens before the book is published. Thus, capital can be collected for the implementation of the idea. In general, these tokens can also be released for free or used in many different ways.
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Also, the tokens can be sold through an online store, even if this contradicts the decentralized model of Publica. Another advantage is that the authors are paid directly. In addition, for a book publication on Publica still speaks that the books published there can not be censored by a provider, since it is a decentralized offer. This means that all the benefits of cryptocurrencies and blockchains have been transferred to the book trade.
Value and Market Capitalization of Publica Coin
51% of all available Publica coins were issued in an ICO. It was published around 18.58 million Publica coins at a price of ten dollars each. This results in a market capitalization of around $ 1.8 million. In total, around 33.78 million Publica Coins are available. In the process, 51% of the units were issued in the first ICO, 25% of these should be used to recruit new users, 20% of the coins should be retained by Publica, 2% of the units should be used for a reward program and 2% of the units of the cryptocurrencywere used to cover the ICO. However, the price has developed well and is now around $ 15 per unit of cryptocurrency. It trades daily Publica Coins worth an average of $ 50,000.
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Who is behind Publica Coin and what is planned in the future?
Publica’s developers are by their own experienced Blockchain developers working at Scandiweb.com. The project Publica is currently managed by Josef Marc, Antons Sapriko, who is also the founder of Scandiweb.com, and Yuri Pimenov. The budget for the project is 3400 ETH, which is about one million USD.
It is planned that Publica will be completed by 2018, with new progress every month. While at the beginning of the year they want to take care of things like the branding of the platform, the webapp should be released by the end of the year and the first books will become available.
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