|Industry:||Social Media Network / Content|
|ICO Timeframe:||02/07/18 – 03/22/18 (PreSale & ICO)|
|Token Supply:||100,000,000 NRV (50% Crowdsale)|
Narrative is a Content Economy, generating rewards for content creators, moderators, and others who positively contribute to the quality of content on the network. Narrative is autonomous, transparent, and completely user-centric. Reputation scores and content ratings ensure that “bad eggs” have minimal impact and that quality users and content rise to the top (and are rewarded the most). The economic motive for Narrative is to reward all users who add value to the network. The team behind this project has experience in this space. Most are from Social Strata, a leader in online community technology, with nearly two decades of experience as platform developers serving hundreds of thousands of sites. Customers on its current platform, Hoop.la, include Bose, Pepsi, Dun & Bradstreet, and Monster. To jumpstart development of Narrative, much of the technology developed for Hoop.la will be licensed, which will allow the team to roll out the network within 9 months of the end of the Token Sale.
PROS: Vesting schedule of 3 years for management team (aligned interest with investors), crowdsale, if successful, is projected to be able to fund the platform for 3-5 years, impressive management team with pertinent experience, strong advisory team with gravitas in content and brand management (Pepsi, Ancestry.com), quick roll-out of social network using licensing model.
CONS: Lack of identified blockchain programmer, attracting content creators will require significant “buzz” as well as large amount of marketing spend.