Business

Kucoin| What is FreshCut, and how does it work?

KuCoin is a cryptocurrency exchange that accepts various digital assets and cryptocurrencies.

KuCoin was founded in September 2017 and has since grown to become one of the most popular cryptocurrency exchanges, with over 20 million registered users in 207 countries and territories across the world.

KuCoin, often known as the “People’s Exchange,” is a global cryptocurrency market ¬†based in Seychelles that offers users 24/7 multi-language customer assistance.

Meanwhile, KuCoin has built 23 local communities throughout Europe, Southeast Asia, and other countries, allowing users to access highly customized services.

What is FreshCut (FCD)?

As the globe moves into the digital age, the social media industry is fast expanding. The industry is currently worth more than $120 billion. On the other hand, the industry has been stealing free content from creators and free engagement from fans and members. Although the industry mainly relies on creators and fans, they receive little or no compensation.

Apart from accounting for most income, the web2 business lacks a designated home for gaming content. The gaming industry is fragmented over several channels that aren’t built for short-form or game content.

For example, YouTube and Twitch will have 87 million gaming content channels in 2020.

What is the FreshCut (FCD) Process?

FreshCut is dedicated to upending web2 standards in the social-video market and influencing the industry’s future. The platform aims to accomplish this by rewarding creators and fans for their contributions to creating and maintaining a healthy, fun, and engaging community.

FreshCut Diamonds is a token in the FreshCut ecosystem (FCD). FCD is a Polygon-based ERC-20 community token that runs on the Ethereum sidechain. It can be earned in various methods, including community membership, platform engagement, and patronage/tipping.

Engage-and-Earn and Create-and-Earn mechanisms are integrated into the FreshCut platform. Additionally, the company plans to launch a patronage product that pays artists 90% of the value.

What Sets FreshCut (FCD) Apart?

Unlike web2 social-video platforms, the fresh cut allows active content creators who give back to the community to receive FCD awards regularly. According to the platform, only creators who accomplish assignments will receive these prizes.

Publishing video content, increasing viewership and fan engagement, distributing video content, engaging fans through FreshCut, participating in events such as tournaments, and establishing and organizing sanctioned FreshCut events for fans and community members are all examples of creator tasks.

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FreshCut uses the Engage-and-Earn technique to reward fans participating in its discord channel. Watching videos, talking with creators, sharing and promoting creator material, and participating in community events are all tasks that creators must accomplish to earn FCD.

FreshCut (FCD) was created by who?

Three people founded FreshCut: James Kuk, Ben Stueck, and Ernie Le. James is the company’s CEO and has worked in the gaming and creative economy for over ten years. He was the Head of Global Business Development & Strategic Partnerships at Twitch before joining FreshCut. James worked at Xbox Studios as well.

CONCLUSION:

FreshCut is well-positioned to disrupt the social-video business by offering concrete value to producers and fans through the Engage-and-Earn and Create-and-Earn processes. The project also contributes to developing and maintaining a healthy, active, and enjoyable community.

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