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LKSCOIN Price and Reviews

Expert Review
Jun 05, 2020

The LKSCOIN project to create the Non-Fungible Token envisages a procedure designed to exploit the Blockchain potential and adapting it to the fight against fake news and encouraging the propagation of only certain information, guaranteed by protected copyright.

The LKS Foundation intends to create a real process whereby digital content, content ownership, and source identity are connected to each other and recorded according to the fundamental principles of the Blockchain, through a unique and irreversible transaction.

In essence, through a LKSCOIN NFT, it will be possible to combine in a transaction:

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  • The Know Your Customer or KYC of the transaction that determines the identity of the person who is carrying out the information deposit transaction;
  • The temporal proof of the existence of a content;
  • The digital content through the link of the content within the social network where it was deposited (such as Cam.TV).

Thanks to this process, given that the Blockchain guarantees not the truth but the existence of the information, it becomes clear and certain who the real user-author of the work is in reference to the digital content published and the place and date of publication.
The registration on blockchain allows, in fact, to unambiguously and irreversibly trace back to the initial transaction of creation of the digital content and therefore, thanks to the KYC, to its creator.

It is a real blockchain-based model that solves the delicate problem of the copyright of digital content shared and dispersed in social networks.

Thanks to the already effective integration of LKSCOIN in the social network Cam.TV and the activation of the IEO - Initial Exchange Offering - of LKS on the hybrid crypto-exchange of Eidoo, the LKS Foundation plans to create the NFT with the funds recovered from the Token Sale.

To date, the importance of information has been sacked by the continuous viral hoaxes that dominate the web without, in most cases, having adequate tools to deal with it. In this regard, the development of Non-Fungible Tokens allows the LKS Foundation to create additional objectives to the LKS Core, which make the new digital content market increasingly responsible. LKSCOIN's NFTs would allow information manipulators to take responsibility for what is published.

And here is a first additional objective: the disincentive to lie. Thanks to the use of the blockchain, each hoax can be traced and therefore, the one who lied can be identified. Not only that, the process developed by LKSCOIN would also become an incentive for all those categories such as journalists or bloggers who publish news taken from other sources.

A second objective, in fact, is that over time these subjects feel more and more encouraged to look for news that is filed through an NFT because that NFT will give that person who deposited it the responsibility for what has been said.

The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
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User reviews
Julian 23 October, 6:50 PM
1.0

It was a brilliant project, but too much time wasted .. inappropriate team, other similar projects are emerging, with AAA + team.

Alex Reys 17 October, 4:05 PM
1.0

Terrible coin and project. Amateur team. 0ver 6 months to solve a Mastenode problem that a trainee in dev team could solve within a month or less. Stay away from this shitcoin

Tim 15 April, 1:43 PM
5.0

I make content online and look forward to trying this platform

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LKSCOIN Price and Reviews