Frequently asked questions

  • What is Respectonomy and who can use it?
  • Respectonomy is a decentralized, self-moderated social network system that gives the user the freedom to share their thoughts without the fear of censorship while rewarding them for it.
    Respectonomy is the Economy of-
    1. Bloggers, Book Authors, Journalists etc.
    2. Free speech activists and supporters,whistle-blowers.
    3. Miners.
    4. Earn by becoming Publisher, by sharing articles of an author, and making content available even in absence of the author.
    5. Censorship Resistant.
    while RES is the currency of it.

  • How does RES work in relation to content creators as well consumers?
  • The creator will use Respectonomy platform to publish and organize his content. When they publish their final content with price tag of their own, they will have to pay some fees in order to publish that content. Once the consumer finds the content of his/her interest, they may be notified that their favourite content writers have published new articles and that they will be notified based on their list of favorites.

  • How Can I Use Respectonomy Platform? Do I need to download any special app?
  • No. Respectonomy will be a browser based platform, The platform itself is a mining pool which runs in the user's browser background.

  • What kind of content can I find on Respectonomy's Platform?
  • Well, it can be anything.
    You can find all kinds of content such as books, articles, blogs, finance, uncensored articles, breaking news etc. So it's upto creators to understand their audience’s taste and publish content accordingly.

  • How and where is my content published while using Respectonomy platform?
  • When the writer is ready to publish a content, they simply upload the content to Respectonomy platform. For content hosting, a new folder is created in the user’s device and the uploaded content is stored in that same folder. Unlike the conventional systems where the content is hosted on some central server. The consumer who wishes to read the content will download the data from the writer's' device directly.
    In respectonomy the user’s device acts as a server. Users can also publish the content by buying the content from any author and re-share the same.

  • How do I get paid?
  • There are three parties practically using the plaform-
    1. Writers/Actual owners of content
    2. Publishers- Those who re-share the content
    3. Consumers- the readers
    A writer's primary income is from the price which they have set for the published content. Publishers can earn from re-sharing the same content but they have to pay the original price to the author. Consumers can also earn by simply running a browser and mining in the pool. RESPECT(RES) is the only currency in which all the dealings are done on Respectonomy.

  • Does Respectonomy platform run on all devices?
  • Being a browser based implementation that is completely written in javascript, the platform is independent of device, build, architecture, and OS.

  • Does Respectonomy platform cost anything?
  • No. Infact using our platform rewards from activity on the platform and mining.
  • What protocol does RESpect and Respectonomy Platform use?
  • RESpect token uses an entire algorithm of Bitcoin protocol and also using Proof of Work algorithm for generation of RES tokens. Respectononmy platform uses the modified WebRTC and Bittorrent protocol.

  • What is RES mining pool and how do I join the pool?
  • RES mining will have only one Single Pool. Everyone will contribute their hashing power to that pool and get RES accordingly. One can start mining just by being on Respectonomy platform where mining will be done in background of the browser.

  • Can I use Bitcoin on Respectonomy Platform?
  • RES is the only currency of the platform. However, you can make the initial purchase of RES tokens in the crowdsale using bitcoins.

  • Why RES is the only supported currency in Respectonomy protocol?
  • It is necessary to implement various types of transactions in order to secure the network and its content, so we built our own blockchain. RESpect Token is used as a reward for Content writers, publishers and consumers for their activities on the platform.

  • Why RES is the only supported currency in Respectonomy protocol?
  • It is necessary to implement various types of transactions in order to secure the network and its content, so we built our own blockchain. RESpect Token is used as a reward for Content writers, publishers and consumers for their activities on the platform.

  • What are the coin specifications?
    • Initial Supply- 4 Million + Bonus(during Crowdsale) +1 Million (Reserved for the team)
    • Block Reward- 16 RES for first 2 years and the supply halves every 2 years till it reaches 1 RES which continues till infinity. We decided this as we thought it was scalable considering the reward system which is necessary to incentivizing the participants.
    • Block Time- 2 minutes
  • What is RES?
  • RES is the token that runs Respectonomy - a browser-based open-source peer-to-peer network encapsulating a bittorrent layer incentivizing content curation & distribution.

  • What is the total supply?
  • There is an initial premined supply of 5 million coins. 4 million of which will be offered as crowdsale and 1 million in bonuses, bounties and giveaways. Subsequently there will be a block reward of 16 RES. A block will be mined every 2 minutes on average. The block reward halves every 2 years till it reaches 1 and stays constant henceforth.

  • How many tokens offered in ICO?
  • There will be a total of 4 million tokens offered in the ICO

  • When is the ICO and for how long?
  • The ICO will begin on 6th February 2017 12 pm ICT (5 am UTC) and will continue till 4th March 2017 12pm ICT (5am UTC) or till a target of 2000 BTC is achieved.

  • If the ICO doesn’t obtain 2000 BTC, how many RES will come into existence?
  • If, for any reason, the ICO doesn’t obtain 2000 BTC, the number of RES in existence will be proportional to the amount of BTC invested in the ICO and an additional 1 million for bonuses, bounties and giveaways.

  • Any Bonuses for early adopters?
  • Yes, there is a bonus for early investers. There will be five stages to earn different bonus percentages for their investment.
    Time Period Bonus Amount Total Amount % Bonus
    6th Feb to 8th Feb 2017 500 2500 25%
    9th Feb to 14th Feb 2017 300 2300 15%
    15th Feb to 20th Feb 2017 200 2200 10%
    21th Feb to 26th Feb 2017 100 2100 5%
    27th Feb to 4th March 2017 0 2000 0%

  • I just want to know the price of RES token?
  • RES token will be sold at 50,000 satoshis (0.0005 BTC) during the ICO period.

  • Which cryptocurrencies do you accept?
  • We only accept Bitcoins.

  • Can I send funds from an exchange?
  • Some ICOs require you to send funds from a wallet where private keys is with the owner while some don't have that condition. In our case, it doesn't matter as we are have the email id to keep track.

  • Can I make multiple deposits to the ICO? For instance, deposit 1 BTC today then another 1 BTC tomorrow?
  • Yes. You can continue making payments till the end of the ICO period or till the crowdsale limit of 2000BTC is achieved.

  • What is the minimum/maximum amount I can deposit?
  • The minimum amount that can be deposited for the ICO is 0.01BTC. The maximum amount depends on the amount that is required to reach the crowdsale limit of 2000BTC.

  • How much have you reserved for the team?
  • One Million tokens are reserved for bounty giveaways and as bonuses for early adopters of RES tokens in ICO. Any remaining tokens will be distributed amongst developers, seed investors, marketers and further additions into development and marketing.

  • Are you launching your own blockchain?
  • Yes we are launching our own custom blockchain.

  • Will RES be tradable / Which exchanges will list the RESPECT token?
  • Yes. RES will be tradable on several exchanges. The list of exchanges will be available on the website once the main network has launched.

  • Where is the Whitepaper?
  • The Whitepaper is available on the tech page of the website. You can read it at respectonomy.com/Whitepaper.pdf

  • Can I See your roadmap?
  • Yes. Our roadmap is available on the tech page of our website – https://respectonomy.com/tech#roadmap

  • Where can I get the technical specification of the coin?
  • All technical specifications of the coin is given on the tech page of the website as well as in the Whitepaper.

  • How will I access my RES tokens?
  • You can access your RES tokens through the ICO page. Once you log in, you will be able to see the balance in your account.

  • When will I get my ICO tokens?
  • The RES balance in your account will be visible on the ICO page once you log in. These tokens will be tradable once the main network is launched.

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