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Cent — A network for universal creative income
Cent is where Creators + fans earn income together. There are 2 'mechanisms':
1) 'Seed a Creator' and get rewarded.
2) 'Spot' a post, and show you like it.
Both put your money where your mouth is.
Try it out. There are a lot of amazing artists to support.
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Chris Messina
Top Hunter
Seems a combination of Ello and Steem, with a side of CryptoKitties.
Signing up with BOTH email and Magic links was confusing and didn't work on iOS, but otherwise I like what I'm seeing so far...!
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This week, we launch the next era of Cent. We've learned a lot over the past year and are super excited to finally get this out into the world.
A brief intro to how it works:
- Fans can "Seed" creators who they think will create more value in the future. Seeding is giving a set amount of money to a creator each month, and receiving a portion of all Seeds given after you. This gives the creator a monthly income and incentivizes early fans to share the creator's work.
- You can "Spot" any post on the network. This is simply a fun way to give 1 cent to the creator of a post to show you appreciate their work, and you can hit the Spot button as many times as you want.
1,000 Likes is 1,000 Likes. 1,000 Spots is $10.
Check out the site and please ask us any questions or leave any feedback here! We're currently working on adding some explanation videos to the site and they should be up shortly.
- Pavan, ¢
@ramywafaa love seeing comments like this. If you run into any issues feel free to reach out to me directly on Cent at /matthew
I logged in and there is a message that says "migrate to the new cent, WEB3, connect a web3 address listed below:" and then a bunch of numbers and letters... and I'm lost...
@kmikeym Hey Mike, were you still experiencing issues? We went down temporarily on launch day but were able to get it fixed quickly.
This feels like it's just Patreon with multi-level marketing pyramid schemes built in. That's not better. That's worse.
@ryanheybourn it's a big experiment for sure, but one that was deeply influenced and designed based on how folks were using seeding v1. So far this iteration and the continued abstraction of web3 elements seems to be working as planned. Still a lot for to improve, refine and add though. So let us know if there is anything you'd like to see updated or added!
It's a very interesting product. I'm especially impressed with the concept of letting first seeders see kind of a "return" on their initial "investment" in a creator. I do have to say, though... I'm not a fan of the UX, It was quite difficult to navigate and a bit confusing. Although, that might be because I'm part of an older demographics? :(... Ok, boomer. Either way, congrats on the launch!!
Hey everyone👋 /matthew from Cent here.
It hasn't been long since this hunt launched and already I'm seeing folks from PH making posts and kicking the tires.
While there is a lot happening on Cent, it's actually pretty straightforward.
At its essence, Cent is a network where fans and creators can earn together. You can post and reply. On top of that, we have an incentivized subscription featured called Seeding and a spot button that delivers money to an original poster or commenter instead of a hollow like or clap.
Looking forward to seeing more Hunters over on Cent, and if you have any questions or run into any issue feel free to ping me any time at /matthew on Cent.
Happy hunting yall!
This is really cool. Love the product! Few thoughts:
- Did you consider simplifying the reward system perhaps in this way: All Seed money goes to the creator (instead of some going to previous Seeders), Spot money gets split between the creator, Seeders, and Cent?
- I don't get any feedback if I try to Seed or Spot without having funded any money. I'm sure a complete solution to this is in the works, but it might be good to just link to the funding page as a temporary measure?
- Excited to check out visuals showing share of future income to Seeders whenever you build that out.
Cent has one of the coolest concepts I've come across recently. It's like Patreon on-the-go where you can support your favorite creators. However, it takes it even a step further by allowing fans to share in the success of the creators' work, incentivizing them to help the creators in spreading their work.
Congrats to @pav_sethi and the team!
?makers this looks like an amazing product! Just curious why did you choose ETH for payments on the platform as opposed to Bitcoin or another cryptocurrency? Keep up the awesome work, Cent is very exciting!
Joined Cent just before it received this wonderful update! I've seeded five creators and got seeded by five users, so far so good. It's a breeze of fresh air in a sea of social networks oriented towards amassing followers and hollow likes.
@zellersamuel1 this is so incredible to see. Happy that you get it like we get it👊 Spots > empty likes all day. Super excited to watch creators and their fans really start earning larger and larger sums together.
This is the most interesting thing on Product Hunt today, imo. By backing a creator early on, fans can also "earn" in the upside. That also incentivizes fans to become evangelists.
I'm curious what types of creators you're seeing on the platform, @pav_sethi. Any examples to share?
@rrhoover Great question. We are currently on the cusp of a major shift. We started off with a mainly crypto-focused audience because of the nature of the payments and incentives on the network. As we iterated on the mechanisms, we started to see a shift towards more crypto art and digital art. And in the past few months, we're seeing more mainstream subcommunities begin to flourish - things like photography, poetry, comedy, even gaming and vlogs.
With this release, one of the major things we worked on is making the product as easy to use as possible (i.e. so easy your grandma could use it). We think this will be the key to onboarding creators of all types, so they don't have to focus on understanding a new platform and the technology behind it. So they can focus on what they love doing - creating.
@rrhoover Here are some of my favorite artists right now: https://beta.cent.co/missalsimpson ,
https://beta.cent.co/brinkman (does animations for late night TV like SNL, Jimmy Fallon, etc.) ,
https://beta.cent.co/sphericalart
@rrhoover One theme of content types has been documenting "the process". Many creators not only share their final work, but document the steps that went into creating. Fans seem to really connect with creators more as they learn more about their process, and it's also the perfect way for aspiring creators to learn. I think this is missing on other platforms. It really gives you a "behind the scenes" feel and gets away from the Instagram-like idea that every thing you post has to be absolutely perfect and in its final form.