About the token sale
The starting price of the token sale is set at ETH 0.0002778 with an end date of July 6 or when the hard cap amount is reached. There will be a token supply of 40% which is equal to 400,000,000 tokens. The funding cap is 70,000 ETH. During the sale there will be a bonus structure in place with the first 10K ETH purchased offering a 20% bonus with 1 ETH equal to 3600 DNN tokens.
Samit Singh and Dondrey Taylor, founders of DNN are promoting their ICO in a series of conferences in Toyko, London, Monaco, Zurich and more. Dates have not yet been confirmed.
News by the people for the people
The DNN platform aims to become the main alternative to mainstream media and wants to be known for its democratic and trusted approach. The news on the platform, it says, will be impossible to manipulate with its technology, unlike existing media which they believe is ‘plagued with clickbait’, fake news and ‘filter bubbles’. In a Bitsonline article Singh and Taylor are noted as saying of the current political news situation: ‘right now it seems like a citizen journalism platform’.
How DNN works
On the platform there will be readers, writers, reviewers and publishers. Community members will ensure there is content consistency and each story will go under review on the DNN platform before it is published. Fees are paid by writers in DNN tokens to submit a story, and reviewers place bids, if it is approved in the voting process then those who voted with the majority will receive a cut of the writer’s fee and bids are forfeited for those who voted in the minority. Once it is live the story can be tipped or upvoted.
For more information on the ICO visit here: https://crowdsale.dnn.media/