What is BBS Network?
BBS Network is a social media platform with a BBS message board system, empowering users to connect, create sharing forums, stream videos, and receive rewards from contributed content.
Each post is stored on the chain as a single NFT.
BBS Network is like a decentralized Reddit platform in the web 3 ecosystem.
BBS promotes a network effect, while being censorship-resistant, while maintaining a network effect. The platform’s open-source database allows anyone to create BBS on any topic and operate on their own domain.
The basic information of BBS Network
- Website: bbsnetwork.io
- Supported Chain: Ethereum
- Supported Wallet: Metamask, Coinbase Wallet, Wallet Connect, Trezor, Ledger.
- Category: SocialFi, Web3
- Feature: Post, Poll, Reward, Board Promotion.
- Availability: Website.
How BBS Network works
Unlike Reddit or Facebook, BBS is a public online service with a distributed architecture, revenue model, and infrastructure.
Distributed architecture
While platforms like Reddit, Facebook, Twitter, YT are run and controlled by a single company, BBS Network is an ecosystem with contributions from different individuals and organizations.
Each BBS is owned and operated by a different organization, hosting different message boards with different terms of use while all BBSs remain integrated based on the public DB architecture.
The data about posts, information channels, accounts, user feedback is stored and shared on the public blockchain ledger. BBS empowers access to read and write data to participants in the ecosystem.
Revenue distribution model
Based on predictive modeling, network members promote posts and predict visits. The prediction given should be at least 30% higher than the previous prediction or post visit. When new ads are implemented, the previous promoter will receive a reputation and a 10% bonus. Each visit will generate 1 credit score for advertisers and publishers.
Revenue is distributed among ecosystem participants in a fully automated, transparent, and market-oriented manner, providing a unique, anti-manipulation content management approach.
Distributed infrastructure
The BBS consists of a system of linked message boards that allow network participants to interact with each other based on the public blockchain.
- Developers build UX, product components, and new features to create BBS software.
- The operator offers BBS cloud storage services.
- Owners use the services provided by the operator to launch feeds on a public or private domain. Besides, they carry out marketing campaigns to attract user access.
Instructions for using BBS Network products
BBS Network allows participants to own and manage their own forums. Using a BBS platform similar to Reddit or Facebook, users can create posts to share content, poll, buy, sell and generate revenue from promoting posts.
How to boost a post
BBS Network posts are ranked according to advertisers’ predictions.
The initial post has no predictions, and the first prediction made must have at least 10 views.
The minimum prediction for subsequent ads should be higher than the current number of views and at least 30% higher than the current prediction.
The maximum prediction is determined by the current number of views and the advertiser’s reputation.
To encourage quick predictions, 1/3 of the difference between the selected prediction and the minimum will be discounted from the required stake amount.
For example, if the minimum prediction is 100 views and the selected prediction is 130, then only 120 reputation points need to be staked.
To start promoting an article, determine the number of views and stake your reputation score, then click [Promote]. Advertisers will receive 1 reputation score from each article view.
How to set up an ad campaign
BBS members participating in the forum can create advertising campaigns based on personal information.
Step 1: Select the [Revenues] tab. Here, you can see the revenue earned from impressions on personal or public posts, banner ads, and ad details.
Step 2: Select [Add banner] to download the banner and add content and links.
Banner images use a 4:1 ratio with the following formats:
Banner images use a 4:1 ratio and accept the following types of images:
- PNG
- GIF
- JPEG (including .pjp .pjpeg .jpg .jfif)
- TIF/TIFF
- BMP
Step 3: Start setting up an ad campaign:
- Enter the amount for the ad campaign.
- Enter the maximum CPM (price per 1000 impressions) for the campaign.
- Select [Create]
Conclusion
BBS Network is the first social media platform to distribute advertising revenue to all network participants with an automated, transparent mechanism that encourages the contribution of individual organizations to the ecosystem.
BBS is a potential investment in the future, however, investors need to carefully consider and analyze the prospects of the project to seize investment opportunities and make the right decisions.
