Blockchain Network Takes on 'Flawed' Steemit by Offering Lifetime Earnings to Creators

A blockchain-based company is launching a content rewards platform that compensates creators - and says its platform boasts compelling advantages over "Exploitative" mainstream rivals, all the while addressing flaws in other crypto-driven sites which offer a similar concept.

UUNIO wants its service to threaten the likes of YouTube, where it claims some content creators are barely given $500 even if they amass a million views.

Perhaps most interesting is UUNIO's plan to challenge other blockchain platforms which pay people to post online - and Steemit is one of the networks firmly in the company's sights.

According to UUNIO, Steemit's upvoting system is flawed because the power carried by a single vote is determined by the money held in a user's account.

The company says this has left smaller content creators struggling to earn decent compensation unless their work is recognized by a "Whale" - someone with significant Steem Power.

To compound the problem, Steemit only pays out rewards for the first seven days that a post is live, meaning creators of evergreen viral content could potentially miss out on years of earnings.

Its platform would also do away with the concept of a compensation period, with UUNIO raising the fanciful idea that creators could use the annual earnings on timeless content for a pension.

In time, the startup hopes to build "a new world where a lot of creators can get fully rewarded" - furnished with a marketplace where content can be bought and sold without commission.

Upon launch in August, the company also hopes it will become a "Comprehensive ICO platform" where investors can participate in initial coin offerings - or simply transfer coins to friends.

While the UUNIO token is an intermediary currency between its ecosystem and exchanges, UNIFUL tokens would be used for purchasing content, making donations and ad spending.