 is it any working I see okay sorry about the technical issues I'm not able to use my presentation actually so but so my the deck I'm using here is slightly different than I prepared for this event but but it's pretty much the same so so it's okay I'm going to talk about our initiative which is called like coin and we have an aim to we invent the like the like that you understand on Facebook and we are going to introduce our mechanism which we call proof of creativity so in contrast to proof of work or proof of stake we are trying to let creators I mean content creators mine mine night coins with their creativity with their contents so the problems we are trying to tackle is pretty office actually everyone knows low secret it's that freelancers the the slash workers those digital genres they they work for likes but not they don't really get any rewards on the internet they are always creating contents but but they get likes only not caught a lot really will rewards and this group of people actually they're getting more and more people having this kind of lifestyle and their contents are getting higher and higher in quality because of the improvement of the hardware like iPhone with an iPhone you can take pictures similar to what we do with a single lens reflex so there are there are a few elements of like one protocol which I'll go to explain one by one one is we invented like button a light button that is similar to the Facebook like but kind of we invented and then we have an algorithm called like rank which is similar to page rank of Google and then the tool combined with will be what we call proof of creativity so let's take a very beef look of the history of internet extremely beef so 20 years ago Google the founders of Google published their paper in Stanford which is the page rank paper and then they founded Google based on this core technology so that page rank is to measure the importance of web page and the logic is pretty simple like they're saying they have an assumption that if there are more incoming links if there are many other web pages pointing to that web page it means that web page is important so they have a high like rank and so it's easier for us to search to reach this web page by search engine so like rank is something very similar but to apply that on creative contents by creative contents I mean like images like article is elements of web pages lot web pages itself but the elements of web page let's take image as an example in all our all of our discussion so let's say an image has a lot of derivative work such as I wanted to demo but since I'm not using my computer I'm not able to demo the real site you can actually go to meme.light.co to see this demo so it's a demo of derivative work and what how like rank works so this particular image because it generates a lot of derivative works this image is based on this this image is also based on this so we are in our algorithm this image has a high like rank and the relationship between these images in like point we call that content footprint content footprint means a content was derived from another it may be an in question say I'm I'm an article I'm a writer I've written an article regarding four sessions and then I leak an image then I get an image taken by one of you that's a kind of content footprint other kinds of content footprints are such as if you make an image and then I add the filter to become an image that's also content footprint so in our ecosystem if a content if a creative content generates more other creative contents then it will have high like rank and in conscious say because this image has no derivative work it has a low like rank and the other factor that actually like rank of a particular content is the license itself because we enforce a show and we are talking about open we are encouraging open so say for example these two contents these two images both of them have no derivative work at all but say if this content is copyrighted always reserved it while this image is creative comments then this image will have a higher like rank than this one so it it is kind of similar to Google because Google will also favors open system and open source so the second element is like button like button is kind of similar to the light button as we know on Facebook turn but the first five are pretty much same it's a five point scale for users for audience to to show the appreciation how much they like the content how much they appreciate the content while the last one is special we call that super like if you really like a content then you can click super like and pay a certain creator are some like coins out of your own pocket while for the first five buttons you don't have to the reader don't have to pay anything it's actually helping the content creator to my like coin so the two factors like button and then like rank combined it is what we call proof of creativity and we have a mining pool of one billion in total like coin has two billion coins in the in the pool out of which 50% of it which is one billion we are resurfed it for we have resurfed it for the content creators and we are minting a little bit of like coin every day according to this formula the formula is not so important in this context but as long as we remember the the Chuck so if we put T say it's say it's day five 365 one year from the launch we park in T equals 365 then we will get the number of points that will be minted that day for example 10,000 let's say one year after the launch we are meeting 10,000 on that day 10,000 like coin so on that day among all the contents in the like coin ecosystem they got one million say one million likes which means on average each content will get 0.01 like coin so 10,000 like coin to be distributed to one million likes so each like will on average get 0.01 like coin but that's only the average because the other factor which is actually more important is the like rank so if these two back to this example if these two images they are getting the same number of likes this image will have more like coin than this particular image because the like rank is higher so our formula our algorithm favors contents that has high like rank and contents that has an open license and we call this mechanism proof of creativity and smart settlement this is an example in which a content and image D was made from image A and image C combined it and image C itself is made from image B so when reader like or super like image D the coin will go to will actually go to all four creators involved in the along the creator train and all the four platforms involved in the process that's what we called smart settlement so the technology stack we are like coin is based on if William so we are on on the second the development is mostly on the the second layer here and we are based on if William so we write smart contracts on top of the if William network and we store the fingerprints of every content on if William also we are storing the metadata hash on if William and the actual data is actually stored on IPFS the independently file system which is a distributed file system across the world hosted by lots of IPFS nooks and on top of like coin services there are a few D apps developed by us to store the act as the interface for end users and like coin itself is an open protocol and also open source available on github today so actually other than ourselves who are making the D apps everyone can also build their D apps on top of like coin so these are the apps that's working on the like on ecosystem I'll introduce two of them one is what we call to put the images which is pretty office the opposite of get the image so get the images the biggest image database as you may know so we are making a pretty images which is also an image database storing all the most of the open contents the images but which you can use for free and if you use pick a image from the pretty image database you are going to put a like below the image and if people like the image both you and the photographer himself him or himself or herself will get like coin in the similar way as here so this is an example of image but you can imagine this is say you are a writer like me I write stuffs I write something and I lead an image so I include this image into my work and when my work get like coin the photographer will get like coin as well so so the very core of like coin is to encourage people to use open license for for their great for their creations and since it's false Asia we are all about talk we are all talking about encouraging open standards open technology open license but over the years usually when we ask others to open their contents is very much based on selflessness like based on that you want to you want to contribute while we are trying to provide a business model for contribution for creative comments say there are at the moment there are about 1.3 billion works on on the internet which is licensed under creative comments but they don't really have a business model what we are trying to do is is to offer a business model for all these creative comments content and the ironic thing is it actually works in contrast to the traditional traditional wisdom because traditionally we think if I open my work I will not get any income but in the like corn system the more open you are actually the more easy you get like coin say for this image say that it is a creative comments so a lot of people use this image to like build their own content then this image will get a lot of like coin while for this photographer they they close their content and it is not getting any derivative work and it's not getting any like coin so it's the reverse of what we have in the traditional world and the other surface we are we will have next year is blockchain blockchain but in but not be a OCK block be a OG block it is like blocking on blockchain so we are offering something like medium but even more simple than medium we are not supporting image it's only text so every blog post will start as a piece of content on blockchain with its own content fingerprint if an image is deleted actually it will point to the image stored on put the images and the reason is called blockchain.md the domain is called blockchain.md is because we are using a markdown file to the markdown format to store all the blocks so as to stay simple and and still keeping the basic format of all the block poses so people like me who likes to write write articles but not to promote them can store all the articles on blockchain I mean this particular website and then the internet media will go here to it's like an article warehouse and legit content form you can get articles from here to publish on my website in a legitimate way and still keep the attribution you know who actually wrote it in the very beginning and then if I get like and like coin certain part of the like one will go to the original writer so that's the that's the idea this is a case study which I may be able to show you on this computer I'm not so sure so this is the third surface we are doing we call it OIS OIC E OIS is like made from the word of choice and voice the OIC E without the CH and without the V so we are I've I've been making games for 18 years because before I start the like one project last year and I've open source and make our contents creative comments on all of our games so the art and sound actually that sound but I don't know how to pay the sound available here as assets so that writers can write their story using all these assets to make interactive games like this oh just now it's a choice I skipped too fast there are choice of three choices based on the choices the story will be different and you can see these are the contributors of these stories and it's not really composed by the director but organized by the platform itself because every single note or every single image the platform knows who made it and and we can check the the the background of that particular creator and what he did before like they have other contents this is kind of like IMDB for the movie industry but it's like IMDB but deployed it on the ACG industry so this is the other I'm running out of time so I'm going to warp up the presentation really quick so our vision is to have we believe creativity can be maximized by reasonable rewards and permissive license and we are trying to offer creative comments a business model so that people who contribute to the content community can make money out of it so this is our world map we started a year ago for brainstorming and development and we we saw some of Litecoin last year to fund our development and promotion and right now we're in the early bird token sales stage and we are launching pretty images which the image database that I mentioned next quarter and then finally would be the light button and then the blockchain.md this I have to explain a little bit because a lot of people don't understand why we can reward the content creators without having the readers pay because we have in the very beginning we have we serve the 50 percent of the coins which we call creators pool these are all for the creators over 10 years so over actually 28 years but 90 percent of the coin will be minted in the first 10 years so these 1 billion coins will be minted to the minted and distributed to the content creators day by day every day we do settlement and they check how much they how much Litecoin they get through their contents this is the token sales schedule and these are some of the early adopters this particular company is my own game company so we we contribute all the artworks and then some some others are the internet media that incorporate light button such as Famizu in in japan and our advisors supporters our team and last but not least if you are interested to know more because I have with a short time please go to depending on your like interest the the website is light.co and then if you are coder you can go github to search for Litecoin it's all open source you can see it get it today and if you have Twitter telegram medium or whatever search for Litecoin medium Litecoin there are a lot of other articles to explain the concept in a deeper than what I just talked about just now and this is my contact just in case you need to witch me on all the like all the social media is ckxpress that that's me thank you yes the hash the hash is just shard 256 just like bitcoin to hash and so it's that we incentivize people to follow the protocol because if they it's not that we protect the copyright but it's the reverse we incentivize people to open up their license and we incentivize people to use it because if they don't use it if they don't attribute the original creator they don't get Litecoin it is it's this logic yes yeah part of part of it as I explained there are two elements number of likes that affect the number of Litecoin that they will get and the other element which is actually more important is the like rank which is actually a mesh of how many derivative work an image has generated the second element is more important but we see uh it's hard to say uh in my from my perspective because it's popular how are you addressing the inevitable like bots oh so uh I don't have time to go too too deep but this is a very good question we have put a lot of thoughts on this apart from the very traditional way of like uh popping up something to ask the board to prove it's not a board we also have some mechanism on lite.co people can prove their identity on in a decentralized way in a social way to prove that they are they are human and it will affect a lot of uh uh affect the number of I mean the strength of their like a lot uh we have a white paper on lite.co uh you you get in uh you check out the white paper there are a lot of detail and and I can actually talk to you afterward what's the value of the like sorry what's the value of like coin oh we we are selling at uh in the public sale we are selling at one ethereum to uh 40 40 000 uh like but but it's just for uh token sale afterwards is it's uh just depending on the uh supply and demand it's dependent market integrates uh like a system like the uh wordpress yes yes yes wordpress parking is actually the biggest uh step we're going to take uh like early next year uh when I say d apps is like uh sorry I'll I'll finish this last question so as I mentioned there are three d apps these are like the fundamentals uh uh an article database an image database and if you have a wordpress website for example and you post a blog post on on your wordpress site that has words that have article and then images we will actually we got it as a directive work of the image and the article you you post an article on your wordpress we will take out the words to put it on blockchain we'll take out the image to put it on put the images and your article will become the derivative work of these two uh particular content so you you don't have to be an d app yourself thank you uh last but not least I have uh some souvenirs which are like like coins for real uh and if you're interested I can give you some you there's a redeem code that we can redeem like coin thank you sorry about the uh thank you sorry because uh oh