SIMPS Whitepaper

Abstract

Simps.com is a smart contract enabled live-streaming platform that allows content creators to monetize their content directly with their fans. Utilizing a bonding curve in the smart contracts, access to content is granted when users purchase a key (token). The key price increases as more keys are purchased, creating increasing value for the user. Creators can set the starting price of their content, and receive 5% of all the trading volume to their room (content).

Introduction

Simps.com is a revolutionary way for users and content creators to earn. Live streamers can begin earning instantly after signup. Users can earn by purchasing keys to access content, and creators earn a percentage of the key price.

1.1 Problem Statement

  • Few monetization options: Most live streaming platforms offer limited monetization tools for creators.
  • High platform fees: If they are able to earn, traditional platforms take a significant cut from creator earnings.
  • Content censorship: Creators face arbitrary content restrictions and demonetization.
  • Lack of transparency: Users have limited visibility into revenue-sharing models.
  • Centralized control: Platforms have the power to deplatform creators and restrict content.
  • Limited monetization options: A lot of the time, creators have to rely on brand deals and sponsorships to make a living.
  • Censorship & deplatforming: Centralized services can suspend creators without recourse.
  • Lack of financial inclusivity: Limited payment options restrict global participation.
  • No transparency in revenue distribution: Users and creators lack insights into platform earnings and payments.

1.2 Solution: A Blockchain-Powered Creator Economy

Simps.com leverages blockchain to offer:

  • Transparent revenue-sharing: Creators receive 5% of all the trading volume to their room / content.
  • Payment transparency Users can see how much creators are earning in real-time.
  • Instant earnings: Creators can start earning instantly after signup.
  • Censorship resistance: Content creators have control over their content.
  • Direct fan engagement: Fans can support creators directly without intermediaries.
  • Global financial inclusivity: Users can participate in the economy regardless of location.
  • Creator tipping: Creators can monetize their content and engage with their audience.

2. Platform Overview

Simps.com is a platform that combines live streaming, social networking, and decentralized finance (DeFi) features. The platform is powered by the SIMPS token, which serves as the primary utility and governance token. Users can earn, spend, and stake SIMPS to access various platform features and participate in governance.

2.1 Key Features

2.1.1 Live Streaming

Simps.com offers live streaming capabilities, allowing creators to host interactive sessions with their audience. Users can purchase access to live streams using $SIMPS tokens, with creators earning a percentage of the revenue generated.

2.1.2 Adjustable Bonding Curve

The platform utilizes a bonding curve mechanism to determine the price of content keys. Creators can set the starting price of their content, with the price increasing as more keys are purchased. This creates a dynamic pricing model that rewards early adopters and increases the value of the content over time.

2.1.2 Social Networking

The platform includes social networking features that enable creators and fans to connect, share content, and engage with each other. Users can tip creators in $SIMPS tokens to show appreciation for their work.

3. Tokenomics

Visit the SIMPS Tokenomics page for more information.

4. Roadmap

4.1 Q1 2023

  • Platform Launch: Simps.com goes live, offering a token gated chat and and a twitter style feed.
  • Community Building: Simps.com launches marketing campaigns to attract users and creators.
  • Governance Implementation: Users can participate in platform governance through voting.

4.2 Q2 2023

  • DeFi Integration: Simps.com integrates decentralized finance (DeFi) features for staking and yield farming.
  • Creator Onboarding: The platform onboards new creators and provides support for content creation.
  • Partnerships: Simps.com forms strategic partnerships with other Web3 projects and influencers.

4.3 Q3 2023

  • Mobile App Development: Simps.com releases a mobile app for iOS and Android devices.
  • NFT Integration: The platform introduces non-fungible tokens (NFTs) for creators to mint and sell digital collectibles.
  • Global Expansion: Simps.com expands its user base to new regions and languages.

5. Conclusion

Simps.com aims to revolutionize the creator economy by offering a decentralized, community-driven platform that empowers content creators and fans. By leveraging blockchain technology and decentralized finance (DeFi) mechanisms, Simps.com provides a fair, transparent, and censorship-resistant environment for creators to monetize their content and engage with their audience. The SIMPS token serves as the backbone of the ecosystem, enabling users to participate in governance, earn rewards, and support their favorite creators. With a focus on financial inclusivity, direct fan engagement, and creator empowerment, Simps.com is poised to become a leading platform in the Web3 creator economy.

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