The first users who have been already working on Steemit, are testing the new Russian-language blockchain social media and compare its team with cosmonauts.
The project has been brought to life by cyber•Fund – one of the pioneers of Russian blockchain community. Golos is a social network created under Steemit Inc. license and based on the Steem blockchain. Like on the parental platform, authors here get rewarded in digital currency when users upvote for their posts, while voters and commenters also receive bonuses for their contribution.
At the time of the launch, 8,374 active steemers have been granted accounts in the new network. They can now start blogging having a basic amount of “Golos Power” local digital tokens.
There is no censorship either on Steemit, or on Golos. Your own reputation is the best censor here, and other users have the power to either raise or drop it depending on your actions.
Blogging on such a platform is very similar to playing a computer game, where you need to boost experience score and collect resources but where luck is important as well. The reward depends not only on the quality of published content but also on the Steem Power balance of those who vote for it. Thus, it is possible to gain over 100 upvotes but get a laughable sum of money, because there were no “whales” (heavy-weight users) among the voters. Besides, there are peak hours for posting articles, when they have the highest chances to be read.
Many Russian authors on Steem wanted to post using their native language. First, not everyone is ready to write exclusively in English. Second, the Russian-speaking community in underrepresented on Steemit and its authors are insufficiently rewarded.
“I made an experiment and translated the Steem paper to Russian. The paper got 217 votes and 86 comments, which is really cool but earned only $131 as a payout, which sucks. Currently, the Russian-speaking community owns no more than 3% of the Steem network (tokens) despite the fact that Russian is one of the ten most spoken languages in the world. As a result, the algorithm of voting leaves no more than 1/900 portion of the payouts to the Russian-speaking community. Therefore, from an author’s perspective, Steem is not very attractive,” the project leader Dima Starodubcev (@hipster) explains.
To provide for the sidechain's decentralisation and stability, 60% of GOLOS power tokens will be distributed in the crowdsale, which will start on 1 November 2016. 10% of the tokens from the initial one-month phase of the crowdsale will be distributed within the Steem community, while 10% of all bitcoins collected in the crowdsale will be paid to Steemit Inc. for the license. The investment round will last for 30 days or less. The team has no doubt that GOLOS will get the planned $3 mln quite soon.
The crowdsale funds will be distributed as follows:
- 60% to the crowdsale. 10% of the raised bitcoins goes to Steemit Inc.
- 10% to the Steem community as a license payment on VESTS and STEEM in form of GOLOS power
- 10% to cyber•Fund to finance the launch of Golos
- 10% to cyber•Fund to reward users for registration
- 7% to the founding team as a reward for the launch
- 3% to miners in the first month
According to the developer @aleco the idea to build a Russian-language social network on the Steem blockchain had a bombshell effect in the community.
“The subject was vividly discussed not only on Steemit but also on the cryptocurrency forum Bitcointalk.org and in the dedicated Telegram chats for the people interested in this platform,” he wrote in his blog.
Not everyone, however, is as optimistic as numerous Russian users. Some argue that creating language “diasporas” on the blockchain contradicts the idea of decentralised international community that Steemit was intended to be. Some doubt that Golos currency can be in any way profitable.
“So, instead of learning English and getting your work in front of more than just Russian speakers, you prefer to create a small Russian only network, with its own currency... Do you think the currency of a smaller network will fare better than Steem, which is currently losing value? Will any exchange accept Golos, when only two accept Steem at the moment?” writes Steemit user @dek.
Still, the platform team encourages those who would like to contribute to the network’s development – coders, miners, those who want to help organise the crowdfunding (in particular, the exchange of national currencies to bitcoin) – to make applications on the project website golos.io.