Business Model
Last updated
Last updated
bythen platform operates on a freemium model, designed to be in such a way that anyone can explore various features within the ecosystem while imposing certain limitations on specific capabilities on features and restrictions on content sharings to external applications. Users can unlock the full features of the bythen platform by subscribing to a monthly or annual plan payable via fiat currency or native bythen token. This flexible approach accommodates the preferred methods of access for different player types within the ecosystem, as we anticipate that Web2 users would prefer the traditional method of payment using fiat currency, and Web3 users would do so through bythen token.
Bytes holders can acquire digital assets in the form of NFTs—such as virtual wearables and accessories for personalizing their Bytes. These include the in-app bythen store within the bythen ecosystem or trading on secondary marketplaces.
Upon launch, users can acquire bythen tokens through various channels, each designed to foster community engagement and reward active participation within the platform. These methods include:
1. Create-to-Earn (C2E) Model: Bytes holders can earn bythen tokens by creating and sharing engaging content on different platforms. Rewards are proportional to the exposure and engagement generated by the shared content, incentivizing the creation of high-quality and shareable content
2. Contributor Model: Integrating community contributions within the bythen ecosystem helps scale the platform's development while rewarding active participation. Community members, such as builders, developers, validators, and creators, can contribute to the ecosystem by developing new features, integrating third-party software, and designing digital assets like custom wearables or accessories for Bytes. Contributors are rewarded with bythen tokens based on the value of their contributions, as measured by usage frequency and community impact. This model allows participants, such as wearable designers, to generate income from their creations and benefit from secondary market trading.
3. Trading on Third-Party Exchanges: Users can purchase bythen tokens through established crypto exchanges, ensuring a convenient and secure way to join the bythen ecosystem.
