Blockchain

Kind Ads – Neil Patel’s decentralized platform to disrupt online advertising?

Kind Ads – A decentralized trust protocol for domains and publishers.

Kind ads wants to replace the current advertising model with a decentralized protocol on the Ethereum blockchain that improves how publishers and advertisers engage online (the “Kind Ads Protocol”).

The current advertising industry which is a whopping $229 billion in the USA alone and is expected to grow even more exponentially, however it has it’s flaws and drawbacks especially in the user experience and are intrusive to the user at times and can adversely affect on the site’s users and traffic ultimately. The other problem is that the ad networks take a hefty cut in the ad revenue which is affecting the content creators.

So what is the solution?

The project mainly wants to cut the middlemen out which will give an advantage to the stakeholders such as:

Users:Kind ads wants to stop spammy ads and only show relevent ads and through channels like email marketing and push notifications so that the user can have a seamless experience and are not bombarded by irrelevant ads.

Publishers:Kind ads promises guarenteed payments and also faster payments. Better user experience which will help retain the users.

Advertisers:As middlemen take up a huge share of the revenue they can reduce their costs.

Key features of the Kind Ads Ecosystem will include:

  • A decentralized quality and reputation score for domains and publishers : Publishers will be scored based on historical data from google analytics, etc.Other kinds of advertisers (including off platform ones), other publishers and engaged visitors can also “back” a new publisher to improve their initial Kind Ads Score.
  • A decentralized network for advertisers to transact with publishers to gain subscriber access : No middlemen publishers and advertisers can find each other directly.
  • A tokenized rewards pool: Users will be able to specify exactly how they want their data to be used. However, they will be incentivized to share their data with publishers and advertisers via reward tokens.
  • A global opt-out list for users
  • Daily reconciliations and payments
  • Empowering small quality publishers
  • Multiple High Converting Formats
  • No Fees
  • The reward pool

The details can be read in their Whitepaper.

The Token

The Kind Ads (KIND) token will be an ERC-20 compliant token built on top of the Ethereum blockchain,
defined by an open-source smart contract, and used for transactions in the Kind Ads Ecosystem.

● Token is exchanged by users in order to opt in and out of the Kind Ads Ecosystem
● Token is used by advertisers to purchase ads from publishers on the network
● Token is used to pay publishers on a daily basis
● Token is allocated to the daily reward pool for publishers, users and app providers

The team

Saulo Madeiros – CEO & CO-FOUNDER

Rafael Mayrink – COO & CO-FOUNDER

Jaime Sánchez – CTO

Some of the advisors:

Neil Patel is one of the most respected figure in the digital marketing space well known for his blog.He is the co-founder of Crazy Egg, Hello Bar and KISSmetrics, and founder of QuickSprout. He helps companies like Amazon, NBC, GM, HP and Viacom grow their revenue.

Saber Aria – Saber is the co-founder and CEO of BeyondBlocks, the co-founder of Blockchain World Conferences and a partner at Prime Block Capital.

Trevor Koverko – Trevor is the founder and CEP of Polymath.

Kind ads has already completed a private round of $20 million. They seem to have a really good team in place and some really good advisors.

We will be posting any updates regarding this project in this article. Keep following for more updates.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago