Pedity Asset

Sections and Key Frame -
1. Introduction of Pedity Asset
2. PEDI tokens and the model
3. Why Stellar Platform
4. Limitation and the solutions

Introduction of Pedity Asset (https://pedity.com/)
Pedity is currently in alpha stages and once project will be enter beta, rewards will be instantly credited and you will be able to track it on Stellar.expert block explorer.
Pedity is a simple community oriented content sharing platform where every user is rewarded PEDI tokens based on content and not on upvotes/votes from other users. The term content is referred here to various possible categories listed below and are not not just limited to these :-

1.Articles
Write articles and get rewarded in PEDI tokens for sharing articles
2.Videos
Share videos and get rewarded in PEDI tokens for sharing that video.
3.Images
Create, capture and Share images and get rewarded in PEDI tokens for sharing images
4.Questions and Answers
For every successful answer user gets rewarded and also the person who has asked question will also get rewarded.

Currently Pedity is in Pre-Alpha phase and it is moving towards Alpha stage in few days (https://pedity.com/Post-Pedity-in-Alpha-phase) where the platform is only open to some tested and for reporting of bugs. As this platform is in Alpha stage, all non-members will be able to see all content and will also see how the rewarding works.

Pedity Asset is quite exciting platform for Stellar platform as it comes with lot of promise in regards to content(as defined above). You can read further sections below on why we have selected stellar platform.

PEDI Tokens
PEDI is the currency which is rewarded to users based on the content they are posting. In place of manually deciding the value of how much value a user is getting in PEDI per content, we are going to use few factors from stellar platform that will help us gain the value of PEDI tokens per post, the factors are listed below -
1. Trustline (Most Important )
2. The volume of content created
3. Volume of PEDI tokens traded in past 24 hour
4. Value per XLM
The above information will be public in beta stage, so that every user will know how much PEDI they will be getting per content. Currently there are 3,999,999,999 PEDI which IMHO is a very huge amount but I am not able to predict how much tokens should come in circulation. So for time being, the number of tokens are these and the issuer account is not locked. You can check that issuer is not locked in horizon below (https://horizon.stellar.org/accounts/GBVUDZLMHTLMZANLZB6P4S4RYF52MVWTYVYXTQ2EJBPBX4DZI2SDOLLY). My current plan for that is to observe the growth of platform till beta phase and lock the issuer with either burning of tokens or increase supply of token(Which will be decided by community voting).

Another important question that comes in mind is why will PEDI have any value which is quite important to understand as well. I hope if you are a content enthusiast, you will know about STEEM, LBRY, Viberate platforms which offers their coin/token to users for sharing content. PEDI is a little different asset, Pedity will not only gain value like the above assets but Pedity will be having a very genuine atmosphere of content(like Q/A) where people really want to get answers to their question and reward other users for getting help. For any advertisement on Pedity, users will have to pay via PEDI tokens/XLM indirectly which is quite healthy of XLM ecosystem and all other assets and anchors present here. I will be posting a more detailed document by beta once Pedity is open for everyone.

Also huge thanks to sacarlson and mikefair for helping me find some issues with token creation. Also thanks to irisli for listing Pedity on Stellar term. Currently Pedity token are not in circulation since it is still in alpha, by beta phase PEDI will come in market as well and at that time the total circulation and factors will also be decided.

Why Stellar Platform
Probably the simplest answer for me, XLM being one of the fastest blockchain out there, I always wanted to test how fast it will be compared to the bitshares and steem blockchain and stellar is not lagging. With the amount of content that Pedity will generate, we will be using stellar network for lot of things in rewards and certainly for every transaction XLM is the cheapest. The base fee of 100 stroops is almost insanely low and perfect for my needs. And with this, stellar still being the fastest. For this project, there is nothing else better than Stellar. This is probably simplest answer for me.

Limitations and Problems
Being in development stages, lot of things cann't be answered as well. But some of the limitations I feel are quite typical and I am also thinking how to tackle them. I read stellar docs daily in hope to find answer to this.

First problem being to accept PEDI asset, user has to create a trustline and for that the user needs to have some XLM in their account. I can fund 100-1000 users with my own budget and easily create their accounts with minimum balance while registration. Problem will come when Pedity will have more users, I have seen example in other blockchains where they use a faucet to fund their users. Certainly for trustline, a faucet (that transfer money in pennies) or something like that is not viable as it will need to transfer 2XLM per user (~1$) and with time XLM will get much higher value which is a situation I am still thinking how to tackle.

Second problem being once a value is credited to a user(here value is referred as PEDI tokens), I would like to make sure that users don't go to exchange and change them right away. That might be a unhealthy ecosystem. For this, I have two plans -
a - Incentivize users if they have tokens for a particular amount of time
b - Add two time slots where in first time slow the rewarded PEDI assets are first allocated and second time slot, where those particular assets are released so that user can trade.

These are few issues I am facing and certainly with time I will be able to solve them as it will give more insight how the platform is growing.

I believe in open source projects and by the time Pedity has matured Beta stage, all code will be released to public so that anyone can contribute to Pedity and learn more about it.

Thank you for reading about this project.
Important Links
Main Website - https://pedity.com
Not Active Market - https://stellarterm.com/#exchange/PEDI-pedity.com/XLM-native
Block Explorer - https://stellar.expert/explorer/public/asset/PEDI-GBVUDZLMHTLMZANLZB6P4S4RYF52MVWTYVYXTQ2EJBPBX4DZI2SDOLLY?filter=trades
WhitePaper - https://pedity.com/Pedity_Whitepaper.pdf

    Awesome project by WallBB, he is a trusted friend, and Frasindo partner, Please support

      san2ok Thanks for your words san2ok ?
      Looking for feedback from community

      Hey, I want to join as I am blogger. How to be part of this testing phase?

        istrau2 I didn't knew this, I will surely recommed stellarport to users when Pedity will be launched in alpha stage ?
        Also 1 suggestion though, you should probably make a dropdown though in header so that user can see all assets present on stellarport. ?

        Last Update in Pre-Alpha -
        1. Pedity homepage and page speed upgrades
        2. Fixes of issues related to mobile pages being broken
        3. Mobile design is now complete and you can check previews below
        4. Social sharing is now added so that users can share content they post
        Pedity Home
        Pedity Menu
        Pedity Content page

        Alpha coming soon, thanks for reading ?

        @fnando Here is the listing thread of Pedity, whitepaper will be coming very soon based on this.

        Pedity It is really shaping up nicely ?
        When can I get acceptance mail?

          Pedity The user on boarding issue dawned on me too, since many new users won't have Lumens. So it's one of the problems I wanted to solve in creating Winsome (shameless plug for my SBC project :-D)

          Winsome is a giveaway platform which can be used a as a faucet. IMO it's better than a normal faucet because you can quiz the requester to ensure he understands how to use your app.

            Interesting idea. I hope it goes well and I look forward to seeing where this project goes.

              Sparked-Wave Thanks for the good words ?
              Your project is also very nice, I really like it and believe it has good potential.
              Please let me know if you have any feedback regarding Pedity that can make a difference? I really like knowing areas of improvements.

              FruitEater ? How many users till now and how much XLM rewarded on your platform ?
              In my case, there is always going to be content writers joining, so they might not think in terms of trading.

                Pedity Winsome is a new project created for this round of SBC. It's actually distributed a few gift packets, but in the grand scheme I have distributed as much assets as you :-)

                Anyways I think you may have missed my point. You mentioned that new users need some XLM in their account to use Pedity. We ALL have this problem- minimum balance requirement is just how Stellar works.

                You said you could probably sponsor 1000 new users. I could sponsor 1000 too. But what if we did this instead- You sponsor 1% of 100,000 new users, I sponsor 1% of those users. And we have have quite a few SBC projects. If we do some coordination, we could onboard 100,000 new users to Stellar, and all of our projects would benefit. According to stellar.expert, there are only 280K accounts. So with a small share from each of us, we could potentially ramp up the user base by at least 35%.

                Winsome is a giveaway platform. In addition being a faucet, it makes users to really get to know your app. It took me <1 minute to create one for your app. You can tailor the quiz to whatever you want your users to know about Pedity.
                https://winsome.gift/mg1yzc1zmrzob2skx4ohv3jex0qa5qcd

                You shouldn't dump a bunch of XLM into Winsome at once. Small, periodic giveaways are much more effective. For example, I'm planning to host bi-weekly micro giveaways. This generates periodic buzz for my app. If more SBC projects did the same, we effectively crowdsource the Stellar account bootstrap of our users.

                  FruitEater Quite interesting what you said, basically that seems like a way to generate trustline exterior to stellar network.

                  This model is similar to Steemit on Ethereum? Is there an ICO or Presale for this planned?