POCITS
Systems
"Pocits Systems: Transforming your online attention into a community asset through integrated tech—Social, Commons, Index, Exchanges, Reserves, Grants, and Smart contracts—driving innovation and local growth." - Team, POCITS PROJECT
Social (Network)
REGIONAL PLACES & RESIDENTS​
Pocits Social is an online world of regional networks where, in addition to connecting with friends and contacts, you can engage within the public Commons of your town and beyond too. A place free of nefarious data-mining where members possess ownership, control and responsibility over their identity, content and communications. Pocits' connects people, organizations, and corporations as residents within city & town networks; scales internationally by county, state, and country networks; competes for local, regional, and international marketing budgets; monetizes independent content creators and broadcasters, and grants sales revenue back to local enterprise projects in perpetuity too.
Commons (Media)
MARKETING & ADVERTISING​
Client marketing within pocits is managed through a single control panel with directory, promotion and advertising apps that feature your business content and community activities. Marketing is free to visitors of corporate and professional profiles with upgrade fees for circulation to the public commons of regional networks where people search, find, browse and discover. The Marketing Team handles all things related to commercial and non-commercial marketing within Pocits Social. The network's marketing apps make doing business easy, effective and cost efficient. The team's objective is to: - maximize the business-consumer dynamics and utility of the network - assess the advertising potential of each type of regional network within pocits.com - manage the marketing suite's products and user control panel (bizcard) - manage the the core business-consumer SMARTS - update and maintain exchange rate pricing for cash and/or alt crypto currency purchases - direct sales revenues to their respective reserves ​Marketing product circulation time is priced in Pocit (pocitcoin) whereas prices in fiat or other crypto currencies commence at $200 USD and will eventually be set by conversion to the POCIT token's daily free-market spot price on the DEX plus a surcharge. The Pocits network sells marketing products to advertisers only, it does not sell tokens to members nor to buyers on the DEX. Click the on 'Commons' header to Marketing products.
Index (PDX)
ADVERTISING MARKET
The Pocit Index (PDX) measures the percentage of change in the initial cash price offering of a Pocit Social ad-block against our competitors' ad-block (a similar basket of products currently estimated at $10K to $12K USD). As circulation of the network's suite of marketing products are priced in pocitcoin, the PDX serves a price discovery mechanism for both advertisers and token holders, to minimize volatility in the free-market exchange price of pocitcoin.
Token (pocitcoin)
ASSETS & DISTRIBUTION​
Pocitcoin is a digital asset issued on the Bitshares blockchain and trades under the name POCIT. The mandate of the Token project is to establish, distribute, and maintain the integrity of pocitcoin as a tradeable commodity as featured at pocitcoin.org and detailed in our white paper. Oversight and fair market price for pocitcoin is provided through the Pocit Index, the token’s price discovery mechanism. Pocitcoin transforms advertising from a static expense to a dynamic tradable commodity. Each token represents and ad-block (100,000 units of marketing time): a fixed amount of time (240 hours), circulation (county: 100,000 population), and products (10 apps) within the ecosystem of pocits.com. The token's value is the time it secures and represents ownership of the network’s advertising. As marketing suite is priced in pocitcoin, the token offers utility and guaranteed buying power irrespective of rising and fluctuating prices in all other accepted currencies. In addition to Pocits Social's superior networking and business-consumer dynamics, advertisers may only acquire pocitcoin for its upside potential, from its free-market sale by token earners/holders via the Exchange.
Exchange (XCHG)
ACCOUNT SERVICES​
The Exchange (XCHG) project is about pocitcoin asset management and currency exchange services. The XCHG provides financial management services to county reserves, grant recipients, and network members both virtually at pocits.com (database) and digitally on the DEX via Bitshares financial utilities (blockchain). The XCHG buys and sells assets on the DEX on behalf of all token holders. In addition, the XCHG team facilitates currency swaps on behalf of all county reserves and may trade its own XCHG holdings to strategically balance its portfolio for the benefit of XCHG team of traders and member community.
Reserve (Bank)
PUBLIC ASSETS​
10% of pocitcoin is distributed to the regional reserve banks of Pocits Social - 3144 across America alone! And each county's bank is allocated pocitcoin equal in amount to one eighth (1/8th) of their respective population (e.g.: 12.5K per 100K pop.). A reserve's Pocit holdings represent the total amount of advertising (ad-blocks (time) available to satisfy local advertiser demand. Reserves must maintain a minimum balance equal to its initial allotment and held in either pocitcoin and/or their equivalent value in other currencies. Reserves provide liquidity to our enterprise grant recipients and member token holders via Pocits Social's Exchange (XCHG) services. When network advertising is purchased with pocitcoin it is received directly into a reserve’s holdings whereas purchases in fiat and/or other crypto currencies require conversion into pocitcoin. Conversion is executed in two ways. First, a reserve may simply retain its fiat capital from ad sales by burning an equivalent amount of POCIT from its holdings thereby deleting them from the reserve and the circulating supply. Secondly, a county reserve may use its capital to purchase POCIT from grant recipients and members or from the DEX to replenish its ad-block holdings. Reserves may also swap assets with other reserves to balance and/or profit their portfolio holdings. Collectively, reserves are the primary driver of market demand for pocitcoin. Reserves and their holdings, are the property of their respective county network and their collective membership. Reserves are governed by local trustee delegates in conjunction with Pocits' Reserve Project team and in respect to policy, governance, and operations as mediated by the Reserve SMARTS.
Enterprise (Grants)
BUSINESS & COMMUNITY​
At Pocits, 100% of the advertising profit earned from your town stays in your town! The Enterprise fund is allocated the lion's share of pocitcoin (80%) distributed to the public via project grants. By simply marketing goods and services, our advertisers help to fund their own community’s initiatives - not Big-Tech's. Pocits Social's ad-revenue retained in 3144 County reserves (USA) provides liquidity to our grant recipients. The total amount of Enterprise assets distributed to each county is directly proportional to population at a one-to-one ratio thus, a county of 100,000 population is allotted 100,000 tokens with only 10,000 available from the first issued tranche. At the initial exchange rate a USD $10,000 grant equates to 500 tokens. Member projects posted in their County's commons, and endorsed by the residents, may qualify for pocitcoin grants. There are three classifications of projects: private, community and business. Project owner's can exchange granted tokens for other currencies from their County reserve to provide liquidity for their project needs. Ultimately, as the platform matures, grant recipients will be able to exchange their granted tokens directly to pay workers, exchange with merchants, or sell them peer-to-peer with any buyer.
Smarts (ToA)
GOVERNANCE​​
How many times have you clicked on Terms of Agreement but never actually read any of the legalese? The SMARTS project is a new approach to policies and agreements that simplifies, educates and informs network members with specific and relevant information available at each point of user engagement. SMARTS is an acronym for system module agreements, resolutions, terms and statutes. At any and every point of engagement within the Pocits network, users can access, view, and choose to opt in or out of specific policies through the SMARTS interactive wiki styled forums and governance. In addition to the network's SMARTS system, a company, organization or person can independently create their own SMARTS to tailor corporate policies and agreements with employees and clients, members, contacts, and followers too.