THE
LAO

cobogo

Proposal Details

Big platforms and tech giants have complete power over Content Creators by being a single point of failure for their monetization. Even building a large following doesn't protect creators from that. cobogo is offering Content Creators a solution to minimize those risks, maximize their revenue, leverage blockchain technology so they can truly own their communities and organize themselves as a powerful DAO that controls their monetization.

cobogo has designed a unique, win-win, sustainable monetization mechanism for Content Creators. It allows them to be sustainably funded, directly by their own communities. It works by allowing Creators to verify their channel and deploy their Staking Pool. At this moment, any fan can deposit our native tokens (CBG) in that smart contract and rewards start being accrued and split 50-50 for both the fan and the creator, while the fan keeps the principal. Unlike traditional direct funding mechanisms, based on a one-off transaction where the patron necessarily has a financial loss; with cobogo the fan (patron) keeps the principal and accrues rewards, while rewarding the creator half of his yield.

By minimally increasing the total supply, and distributing it to stakers (part of the circulating supply), we are able to create a significant APY to reward first-movers. Over time the emission will tend to 0 and revenue will come from fees on the media and content market negotiated on the DAO. Our goal is to use the monetization mechanism as a growth tool to attract as many Creators as possible, which will generate network effects, implement easy to offer perks and services to collect fees (Content and Media Market).

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