Lixi Social
Web3 social platform based on proof-of-burns voting to build an attention economy.
Demo
About
The problem it solves On existing social media platforms, users are consumers where their attention is the products of the platforms, from which profits are taken. This creates an unjust world where bad content is incentivized because it takes users' attention the most. Lixi Social stands to correct it. People who want our attention need to burn tokens, which benefit token holders. Since the token Lixi Social is built on is based on proof of work, it can only be produced by expending energy, its supply is limited to the amount of energy put into the network. Burning tokens gives a little wealth to the whole community, hence it is worth the community’s attention. More tokens burned, more attention should be paid for. Since content ranking is based on proof-of-burns from proof-of-work tokens, it solves many inherent problems of existing social media such as spam, bots, social engineering. This resulted in more transparent and direct information transmission from human to human, and for human, creating a trustworthy networking and public media, which is the end goal of Lixi Social.
How it's made
Challenges we ran into Support multiple blockchains and multiple coins/tokens. Social network massive scalability. Ranking algorithm based on proof of burn.