Frequently asked questions about cryptocurrencies

What is cryptocurrency or crypto?

Cryptocurrency is a digital form of currency utilizing cryptography to secure transactions on the blockchain. Unlike traditional currencies, cryptocurrencies are decentralized and not regulated by any official authorities. Transactions and the creation of new units are recorded through a decentralized system.

What is a blockchain?

A blockchain is a digital database that records various economic transactions, storing valuable data such as financial records, cash balances, securities, and more. Comprising blocks of data linked chronologically, the blockchain is secured through cryptographic evidence. It serves as a decentralized, widely distributed, and public digital ledger, ensuring transparency, reliability, and permanence of all approved transactions.

When a new block is added to the blockchain, the data within it becomes immutable. Attempting to alter data in one block would necessitate changing the entire blockchain, a practically insurmountable task given the widespread distribution of copies across thousands of computers.

What are tokens?

Cryptocurrencies use tokens, stored within their blockchains. Also known as crypto assets, tokens represent specific units of value and serve as the currency for blockchain transactions. Investors hold tokens for various purposes, including staking a claim in a cryptocurrency company or engaging in economic activities such as trading or purchasing goods and services. These tokens facilitate a range of functions within the cryptocurrency ecosystem.

Which tokens are available on the platform?

77.news operates with its own set of tokens. These tokens play a dual role, empowering users to actively participate in the platform's decentralized governance while simultaneously serving as the local currency. Users earn these local tokens by engaging in various online activities, including providing tips, participating in surveys, reading messages, and creating appealing content. Furthermore, these tokens are utilized for purchasing and selling services, trading items, and conducting transactions with other tokens. In essence, these tokens have become integral to a wide array of everyday activities within the platform.

How to earn tokens?

Tokens can be accumulated through various avenues, all of which entail active engagement within the social platform. Ways to earn tokens include:

  • Content Contributions: Share your thoughts, insights, and creativity by contributing posts, articles, or news to the platform.
  • Interactive Engagement: Actively participate in discussions, polls, and surveys, providing valuable contributions to the platform's interactive features.
  • Reader Rewards: Earn tokens by actively reading and engaging with content shared by other users on the platform.
  • Viral Content Creation: Create content that resonates with the community and has the potential to go viral, earning additional tokens from the rewards pool.
  • Referral Program: Invite friends and followers to join the platform, and receive tokens as a reward for expanding the community.
  • Crowdfunding Initiatives: Showcase your innovative ideas and projects, and earn tokens through community support via token-based crowdfunding.
  • Marketplace Transactions: Buy and sell physical or digital items in the platform's marketplace, earning tokens through transactions.
  • Educational Engagement: Participate in educational activities, games, or studies offered within the platform's seven faculties, earning tokens for your involvement.

How can users spend their tokens on 77.news?

The 77.news platform provides a range of services where users can leverage their tokens effectively. Explore how tokens can be spent:

  • Amplified Visibility: Want your content to stand out? Use tokens to boost the visibility of your news, posts, and articles on the platform.
  • Educational Empowerment: Dive deep into knowledge with tokens, gaining access to intensive studies, engaging games, and educational content across seven faculties.
  • Social Presence Enhancement: Elevate your social standing by using tokens to access unique emojis, making your presence on channels, pages, and profiles truly distinctive.
  • Supporting Fellow Creators: Show appreciation for valuable content by sending token contributions to fellow creators, fostering a culture of support within the community.
  • Digital Badges for Recognition: Wondering how to stand out? Acquire digital badges using tokens to unlock additional functionalities and gain recognition for your contributions.
  • Exclusive Discounts on Digital Assets: Make your tokens go further by enjoying exclusive discounts when purchasing digital assets within the platform's marketplace.
  • Seamless Service Payments: Simplify transactions by using tokens for various services offered on the platform, ensuring a streamlined and efficient user experience.

What is a crypto wallet?

A crypto wallet serves as a secure repository for private keys, which essentially function as passwords providing access to your cryptocurrencies. These wallets not only store but also enable the sending and receiving of various cryptocurrencies such as Bitcoin and Ethereum. The diverse forms of cryptocurrency wallets range from hardware options like Ledger (resembling a USB stick) to user-friendly mobile applications.

How do cryptocurrency exchanges work?

Cryptocurrency exchanges are platforms designed to facilitate the trading of cryptocurrencies. They operate by allowing users to exchange one cryptocurrency for another. There are two main types: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEX, similar to traditional stock exchanges, acts as intermediaries between buyers and sellers. On the other hand, DEX enables direct transactions from your cryptocurrency wallet without intermediaries.

How can I buy cryptocurrencies?

To purchase cryptocurrencies, you need to choose a cryptocurrency exchange. Popular options include Binance, Coinbase, Kraken, KuCoin, and more. Once you've selected an exchange, register and open an account. Depending on the platform and your transaction amount, you may need to verify your identity. After verification, add funds to your account via bank transfer or credit card. With funds in your account, choose the cryptocurrency, set the price and amount, and place an order. Once the seller fulfills your order, the purchased cryptocurrency will appear in your account wallet.

What is leveraged trading?

In cryptocurrency trading, leveraged trading involves using borrowed capital to enhance your transaction capabilities. It allows you to trade larger amounts, even with a small starting capital. While this strategy can amplify potential profits, it's crucial to note that it comes with significant risk - especially given the volatile nature of the cryptocurrency market. Approach leveraged trading with caution to navigate the risks effectively.

What are NFTs?

NFTs, or non-fungible tokens, are unique cryptographic assets stored on a blockchain with distinct identifiers and metadata. Unlike cryptocurrencies, NFTs are not interchangeable and cannot be copied. The NFT market spans various collectibles, including digital artwork, cards, and rarities. NFTs are supported by multiple blockchains, allowing online transactions using cryptocurrency.

How do NFTs differ from cryptocurrencies?

NFTs, in existence since 2014 but gaining recent popularity, represent unique digital assets with individual digital signatures. The primary difference lies in their nature - cryptocurrencies are fungible, serving as digital money for transactions, investments, or bill payments. NFTs, being non-fungible, are unique properties stored on the blockchain. While they share similarities in investment potential, buying, and selling, NFTs cannot be exchanged like cryptocurrencies.

What is an Altcoin?

Altcoin refers to any digital currency other than Bitcoin. It encompasses all cryptocurrencies globally, with over 20,000 alternative currencies currently in existence.

What blockchain technology is used on the platform?

77.news operates on the BSC chain (Binance Smart Chain). This decision was based on factors such as transaction fees, speed, adaptation rate, structure of available information, and decentralized hosting. Decentralized hosting enhances system performance, particularly against third-party attacks like DDOS, and eliminates system downtime.

Frequently asked general questions

What is 77.news?

77.news is an unbiased informational social website operating on the principles of a Decentralized Autonomous Organization (DAO). It provides a virtual, uncensored home for active users who share a common goal: to create a space where every opinion is heard and respected.

Utilizing blockchain technology, 77.news enables full content control transfer to community members. DAO members, including content creators, reviewers, and users, not only communicate and participate in discussions but also have the autonomy to decide what to read, like, see, and be rewarded for. This approach eliminates the need for advertising and sponsors, as the real value lies in the content, and every member can contribute to the website's maintenance, becoming a co-owner of the platform.

In a world witnessing increasing censorship, 77.news stands out by allowing news to be shared freely by anyone with something to say. Censorship is minimal, and dependent on general rules, laws, and collective decisions of platform members. The community decides what is important, what should be shared, and what appears in the news feed. 77.news offers a unique opportunity for unrestricted communication, news sharing, assisting others in earning, and personal financial gain.

Who owns 77.news?

77.news is managed by its community through DAO, a decentralized governance system. All DAO members can propose solutions and vote, collectively maintaining the platform with their funds. This eliminates the need for a single higher manager, advertising, or content changes for survival.

Is 77.news accessible to everyone?

Yes, 77.news is currently available to all users. However, DAO members reserve the right to temporarily block or permanently delete accounts of violators.

Is it free to use?

Yes, users can have their accounts and share content for free on the 77.news website. To become a DAO member or access additional features, purchasing tokens is required.

How does the platform sustain itself?

77.news aims to be self-sufficient, relying on its members. Revenue is generated through various fees, including sales fees, NFT fees, physical item fees, and membership fees. These funds support the platform's maintenance.

Who is responsible for 77.news's content?

Content on 77.news is created by independent content creators and users. DAO members administer the information, but the platform is not responsible for user-provided content, which may not align with DAO values.

Who creates the content?

The content is created by active members of the public and website users who support the vision of objective news. DAO members influence the content through voting and various actions.

How to contact the administration?

For inquiries or comments, users can contact the 77.news administration through the contacts listed on the Team page.

Where to file complaints?

If users notice errors, or inappropriate content, or have other concerns, they can submit complaints in the Team section.

How to create a 77.news profile?

To create a new profile, click on "Login" in the upper right corner and then on "Register." Complete the registration form by entering your name, surname, valid email address, and desired password. Agree to the terms of use and privacy policy before clicking "Register."

What are the different memberships and their costs?

77.news offers various paid memberships:

  • Premium: $6/month
  • Pro: $9/month
  • Business: $49/month
  • Freedom: $99/month

Each membership provides specific additional features. All tokens spent on membership go into the reward pool and are distributed to users.

How to create a powerful password?

To ensure account security, consider the following when creating a password:

  • Easy for you to remember, hard for others to guess.
  • Longer passwords are generally more secure.
  • Avoid using phone numbers, dates of birth, or email addresses.
  • Use a different password than those used for other accounts.
  • Increase security by including uppercase letters, numbers, and special characters.

I can't log in due to an incorrect password. What to do?

Ensure the correct password by checking for common mistakes:

  • Verify the keyboard language.
  • Double-check for typing errors.
  • If unsure, write down the password, copy, and paste it.

If issues persist, use the password recovery feature.

How to change the password?

Two methods for changing the password:

  1. Password recovery: Log out, click "Log in," then "Forgot your password?" Enter the registered email, and follow the recovery instructions in the received email.
  2. Change password: If logged in, click three vertical dots, choose "Change password," enter the old and new passwords, and save changes.

What to do if I forgot my password?

Use the password recovery option by clicking "Log in," then "Forgot your password?" Enter the registered email, and click "Restore." Check the spam section if the recovery email is not received.

How do I change my profile picture?

To change your profile picture, navigate to your profile and click on the profile picture space on the left side. From there, you can upload a new photo or choose from previously uploaded images.

How do I change my cover photo?

To change your cover photo, go to your profile and click on the cover photo space at the top. You can then upload a new photo or select from previously uploaded images.

How to delete a profile picture?

To delete a profile picture, go to your profile, click on the profile picture on the left side, and then click on the three vertical dots in the upper right corner (hover over the picture) and select "Remove."

How do I see my old profile or cover photos?

Go to your profile and click on your profile or cover photo. Here, you can not only upload new photos but also view photos that have been uploaded and not deleted.

Why can't I change my profile picture?

If you encounter issues changing your profile picture, try the following:

  • Reload the page and try again.
  • Ensure that the internet is working when attempting to upload a photo.
  • Wait and attempt to change the photo later.

If the problem persists, please contact us.

How to create and manage a page?

Log in to your account and find the "Your Pages" section on the left side of the webpage. Click on "Create a new page," provide essential information about the page, and save it by clicking the "Create page" button at the bottom.

To write under your page name, go to the page and click the top button that allows you to change the identity under which you write.

What if someone has already created my profile and/or page?

If you believe a profile or page belongs to you due to prior online presence or a known nickname, provide proof of your identity. Proof varies, including screenshots proving authorship or verification of identity documents. For some users, an ESI certificate's access key or similar verification may be required. To claim rights to a profile, select "Other Actions" and "Claim Rights," and fill out the form. DAO members may request additional evidence.

How to delete a profile?

To delete your profile, click 'Profile' on the left side, then click the "Other Actions" button near your name. Choose "Delete Profile."

How to use the search feature?

In the upper left corner, find the search box. Enter the name, page, or article title, and view the results.

I can't find what I'm looking for using the search feature. What to do?

Ensure correct spelling, try using or omitting some letters, narrow down broad searches, or consider that the page/account may not exist.

How to write a private message to another user or page?

Visit the profile or page, and click the "Write message" button on the right side.

Who can send private messages?

All users and pages can send private messages. Messaging friends and followers is free.

How do you become friends?

Become friends by mutual following. Click "Follow" on someone's profile, and they follow you back.

What do I see in the news feed?

The news feed displays recent articles and posts from followed people/pages. Edit preferences in the interests box.

I see posts in my news feed that I no longer want to follow. What to do?

Unfollow a person/page by visiting their profile and clicking "Unfollow" in the upper right corner.

How to share content and comment?

Share content by clicking "Feed," then the "What are you thinking?" field. Share others' content by clicking the "Publish" button.

How to edit already published posts?

Click the three vertical dots in the post's upper right corner, select "Edit Post," make changes, and hit "Save."

How do I remove posts that have already been published?

Click the three vertical dots in the post's upper right corner, and select "Remove Post."

How do I remove a comment?

On the right side of the comment, click "Remove." Confirm by clicking "Confirm."

How do I post something on another user's or page's wall?

Visit the profile or page, find the "Write on the Wall" box above the news stream, and share your post. Note: Some pages/profiles may restrict others from posting on their walls.

Can everyone share and create content?

Yes, this website encourages free user communication and information dissemination. Every user can post, comment, and share content.

Why should I become a sponsoring follower?

77.news enables content creators to form local communities with followers who can financially support them. Different membership levels offer varied access to content, and in return, followers gain access to the creator's work, with spent tokens benefiting the community owner.

Where do the tokens go after supporting the content author?

Tokens supporting content creators go directly to them. If users choose to support themselves, the tokens go into the reward pool.

When sending support directly to another user, does he know who did it?

Yes, the user receives information about the transaction and the supporter.

Where do the tokens go after choosing direct profile support?

Tokens sent directly to another user go to their profile. If users support their profile, the tokens go to the reward pool.

Do other users don’t know who wrote an anonymous post or comment?

Anonymous posts or comments hide the identity, showing as "Anonymous" without a profile link, ensuring user privacy.

How does the survey fee work?

When creating a survey, set a token budget that evenly distributed among participants. The budget influences survey visibility and duration. Participants receive the token budget while interacting with the survey and contribute tokens to the reward pool.

How do I remove recommendations?

To eliminate recommendations, pay a token fee, which is a one-time monthly charge.

Does publishing an article include a copyright giveaway?

No, the article's copyright remains with the author.

Can I publish articles?

Yes, anyone adhering to platform rules and laws can publish articles.

How can I contribute to page content?

Support the website financially and contribute content by writing articles, sharing videos, or relevant information.

Can 77.news censor opinions?

The platform employs an algorithm to detect illegal content. Content decisions are voted on by DAO members, who may edit or remove rule-violating content. The platform aims for diverse perspectives without heavy censorship.

77.news future plan

Check the Roadmap page for the platform's path and plans.

What ensures project transparency?

All actions, including voting results, contributions, and payouts, are recorded in the Smart Contract visible on the blockchain.

What is a Smart Contract?

A set of unchangeable rules recorded in the blockchain, ensures transparency and accountability.

What is DAO?

A Decentralized Autonomous Organization governed by members' votes. It lacks central leadership, and decisions are based on token holders' votes.

Is it expensive to become a DAO member?

The cost of becoming a DAO member depends on token prices in trading exchanges.

How to become a DAO member?

Become a DAO member by purchasing and staking tokens. Refer to the cryptocurrency FAQ for details.

Why were tokens added?

Tokens foster a democratic community, allowing users to co-own the platform, avoiding the centralized control seen in other platforms. Users determine content visibility and rules, becoming part-owners of the platform by joining DAO.

How can DAO members propose ideas?

Any DAO member can submit an Improvement Proposal (IP) idea. The proposal undergoes review by a moderator to ensure alignment with DAO guidelines before presenting it to the entire DAO community. To participate in idea submission and commenting, members must authenticate their membership.

Why a quorum is needed and what are its requirements?

A quorum, representing the minimum staked tokens for a valid IP vote, requires a voting participation of at least 30% of the total token pool.

What is the minimum amount of tokens to bid?

To prevent spam, a minimum of 1,000,000 tokens is necessary to submit an IP for DAO consideration.

What should the proposal look like?

A comprehensive proposal includes a summary, motivation, rationale, key terms, specifications, implementation steps, timeline, and total costs. Authors may add fields for clarity. Resubmitted proposals must link to the original, state reasons for resubmission and detail changes.

How does the voting work?

The platform utilizes an internal quadratic voting system (QV) to balance voting power. Members can vote "for," "against," "veto," or "abstain." The square voting system enhances democratic decision-making. Voting delegation allows members to pass their vote to trusted experts.

Can DAO members delegate their vote?

Yes, members can delegate their vote to trusted peers, allowing those in the seed stage to participate in IP voting. Delegated voting empowers informed decision-making within the DAO community.

What safeguards are in place for IP proposals?

IP proposals undergo thorough scrutiny, including moderator review, analysis reports, and community voting. Safeguards, such as categorization, ensure proposals align with DAO guidelines and values. Resubmission rules prevent undue repetition.

What happens after an IP is accepted or rejected?

Accepted IPs move to the implementation phase, where the project management team takes charge. Rejected IPs can be resubmitted using the appropriate template after contacting a moderator. This phased approach ensures a systematic and organized implementation process.