Panjea price

PANJ

What is Panjea (PANJ)?

Panjea is a creative content focused blockchain designed to distribute equitable revenues to creators, curators and contributors. Value provided to the network is compensated by the protocol, based on the interactions and usefulness of the contribution. The entire system is designed to be a ‘user created’ or ‘content first’ network where rewards are distributed in a daily rewards pool.

The protocol is an open source, full disclosure Layer 2 blockchain designed to incentivise, stimulate and promote user interaction, community and platform health and be rewarded in turn. It’s fundamentals are founded in the original ideas behind the internet, which are reimagined through the power of the blockchain.

Panjea is a blockchain with a mission. Behind the platform sits a belief that the creator is the most important person on the web, and that their creativity and ideas have a huge value and benefit to mankind. Current financial models on the internet have sought to commoditise creators for the benefit of big business and advertising – Panjea seeks to redress this balance.

The Aleph Zero blockchain was selected for the Panjea project, due to the speed and enterprise scalability on this privacy first system – and the company was founded on the 14th April 2021. The protocol aims to put the following functions into the hands of its community:

• Content creation – adding different content types to the network

• Curation – deciding on the links and structure of the network

• Moderation – policing and maintaining health of the network

• Contribution – running nodes and validating the network

What makes Panjea unique?

Panjea is unlike any comparative project. Users are paid for views on the network or on the usefulness of their contribution. Payments can be ‘cashed in’ immediately or held as an investment in the network.

Every single aspect of the system has been designed to both emulate and improve existing internet dynamics – with one major difference – the financial benefit for those contributing to the network is explicit. All main conventional social networks force their users to derive value from either advertising models or selling products that sit outside the platform’s ecosystem.

Panjea uses Aleph Zero's scalability and speed to run a content platform supporting users' privacy via Proof of Life (POL) and Know Your Customer (KYC) functionality with the platforms encrypted smart contract functionality.