Popular Coin POPOLOGY® App – White Paper

For Formal .pdf Whitepaper Click here

Popular Coin (POP)
POPOLOGY® App
White Paper
∞2018∞

Abstract:

A successful new self-sustaining economic ecosystem that is centered around artistic expression and community rewards can pave the way for more self-sustaining economic ecosystems in the future. Social media and viral trending is currently being used by most platforms to extract user data for profits and the users are not rewarded for their participation. It is time that the wealth is put back into the hands of the users. Not only with their user activity data but with their having to deal with advertisements, users are extracted of all their value while using the platforms that offer no compensation for participation. On top of all of that there is a banking system that is based on fractional reserve lending which holds the interest of the banks over the interest of the consumers creating trillions of dollars in debt rendering most national currencies loosing value. The usage of crypto currencies is trending, more and more people are looking to the new form of processing transactions and holding wealth. We are lucky enough to have the great opportunity of being in the spot light of Popular Culture, living in a time with an overloading amount of new people getting into the world of crypto currencies. Crypto currency interest is surging and the time to buy is now. As more users bring their money into the markets certainly the value of the currencies will grow. And why can’t things just be fun, where we are all benefiting from everything we do? Wouldn’t it be great if everyone could come together over a project that has the potential of benefiting everyone in the world? Madonna herself, the Queen of POP said it best when she said “I stand for freedom of expression, doing what you believe in, and going after your dreams.” and “I am my own experiment. I am my own work of art.” Now this is certainly something to strive for, giving people a freedom of expression and apparatus to make it happen.

 

Introduction:

The need to facilitate digital web transactions is growing every day. All across the world people and businesses are turning toward the web for solutions to process transactions. The problem with most internet transactions today is that they rely on a third party to process the transactions. What would be a more productive way of sending funds is a way to make an online transaction peer-to-peer (person to person). To get away from relying on banks to process transactions as a third party, according to Satoshi Nakamoto creator of Bitcoin, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution” (2009)[1]. What makes Popular Coin even better than just a peer-to-peer method of exchange is that POP is open source for programmers to build on and upgrade by submitting their changes through the Popular Coin github repository. Along with that, anyone can view and verify the source code to see how it is functioning which ensures that there are no loopholes or backdoors. Being peer-to-peer and mineable also eliminates the need for high transaction fees and the Popular Coin blockchain will continue to process transactions with zero fees where third party payment processors require fees to fund the overhead costs of a server and network.

The blockchain technology developed by Satoshi Nakamoto and adopted by Popular Coin has pioneered and paved the way for encrypted peer-to-peer transactions. With currency miners connecting to the network and processing the transactions no third central party is needed leaving Popular Coin freely available to use via the global internet structure for super-fast peer-to-peer transactions. Bitcoin technology has disrupted the current financial systems and proved itself as a currency and a great way to store value. The Popular Coin digital wallet can be installed on any operating system and serves as place to safely store POP value. The wallet can be easily secured by encrypted password or passphrase and if used correctly is very safe.

With the U.S. dollar and many national currencies declining in value the products that people pay for are becoming relatively more and more expensive. As Bill Still explains in his documentary The Money Masters, “The central bank scam is really a hidden tax. The nation sells bonds to central bank to pay for things it does not have the political will to pay for. But the bonds are purchased with the money that the central bank creates out of nothing. More money in circulation makes your money worth less. The government gets as much money as it needs and the people pay for it in inflation.” (1996)[2]. Popular Coin lays outside of this inflation. Like Gold and other precious metals, there is only a set number of Popular Coins that will be ever be generated and extra Popular Coins cannot be created “out of nothing”.

Crypto Currencies are breaking through and becoming a well known and trusted source of investment and trade. Max Keiser was recently quoted saying “The cryptocurrency market cap will top the trillion dollar level and hit multi-trillion levels because it has this amazing quantum effect, pulling all the fiat money into the Bitcoin black hole store of value.” (2018)[3]. With the world of crypto currencies booming with new interest and involvement the time is just right to make the move. The world and Popular Culture is ready for crypto currencies to be accepted as main stream.

What is needed is a way to bring everyone together and connect the world of Popular Culture with the world of crypto currencies. Popular Coin is the best and most obvious choice because it is the coin that is built for the challenge. Crypto currency is something that is exciting to be a part of and Popular Coin takes can take this excitement to its fullest extent.

What makes something Popular? Well part if it is what people personally get out of something that makes it Popular. Maybe they like the way it sounds or looks, maybe people agree with what it is saying, maybe it literally gives a reward, either way people are getting something out of it. If they weren’t getting anything out of it, people wouldn’t give it any attention at all. What if there was an app that actually rewarded and paid people for their social media activity? How Popular would something like that be?

Social media platforms like facebook, twitter, Instagram, and telegram have become a key component to everyday life for Popular Culture. People spread memes, communicate messages and participate all within their personal groups on social media. According to an article published on Social Media Today “Teens now spend up to nine hours a day on social platforms, while 30% of all time spent online is now allocated to social media interaction. And the majority of that time is on mobile – 60% of social media time spent is facilitated by a mobile device.” (2017)[4]. What if during all that time spent they were actually being paid? That is what happens with the new form of PoP payout in Popular Coin via a wallet application that also functions as a social media platform and payment gateway.

Once people get involved and start learning about Popular Coin they are hooked! Popular Coin being user designed gives users the ability add input into webfront development, marketing advice like helping with @popularcoin twitter posts, and even working on the source code and providing suggestions to developers for improvements. Raising the value Popular Coin is a team effort and the users are a great source of added value. Users are encouraged to take ownership of Popular Coin and use it to market and promote in their own personal way.

Popular Coin (POP):

Popular Coin – trading ticker (POP), is a scrypt algorithm alternative crypto currency based from the open source of Litecoin and Bitcoin with a faster block speed and more mining rewards with multiple reward epic POP blocks.

The goal of Popular Coin is to ride the tidal wave of popular culture and teach the fundamentals of crypto currencies. Popular Coin’s scrypt algorithm based off the source of Litecoin allows for POP to be mined with the graphics card on your computer. The Development of Popular Coin is based on a play to the socially imprinted words POP and Popular. Popular Coin has 51 second block spacing and 99 coins rewarded per block with extra bonus POP mining rewards.

Popular Coin promises to remain simple to use and easy to learn. Anyone can easily pick up and understand the Popular Coin technology by visiting the website and using the applications. The Popular Coin wallet will continue to be developed with simple functions so that it is not to overwhelm new users.

Popular Coin is intended for entertainment and learning. First and fore most Popular Coin is intended to be fun! Like Popular Coin’s inferred name “POP COIN” how much fun is that? POP’s purpose in fun is to bring people together to learn and communicate regarding this new way of holding wealth. Popular Coin can teach the fundamentals of crypto currencies to new users and help them understand blockchain technology in a way that is fun and exciting.

What is the Magic Behind Popular Coin? What makes Popular Coin Different? Just like popular culture, Popular Coin (POP) will always be changing and redefining itself. Popular Coin is owned by the users and the users are what gives Popular Coin its value. If the users decide that Popular Coin needs a new development or accommodate a new feature, the code can be rewritten, putting Popular Coin far ahead of the competition. This ability to modify and adapt is a core focus of Popular Coin which will lead to even more innovations in the future and even those that have not yet been thought up.

Popular Coin (POP) is dedicated to providing low to none transaction fee forever. Even when the value of Popular Coin reaches the point where the transaction fees become even slightly expensive the code will be rewritten to lower the cost of transactions to the users.

The only way that Popular Coins are generated is by Mining them. The way that Popular Coin transactions are processed is by miners connecting their computers with the network and processing the transaction data. When they process the transaction data every 51 seconds a block of information is generated and the person whos computer processes the ending part of the code gets 99 coins (or the x reward). The block of data generated is closed and added to the Popular Coin blockchain which is a complete catalogue of every Popular Coin transaction that has taken place that is open for anyone to view and verify transactions.

Diagram of Blockchain formation

Scrypt Algorithm Proof of Work (PoW)
Mining Payout and Transaction Processing:

-With Extra POP Mining Reward Blocks

99 POP Coins Per Block (base)
51 Second Block Spacing

Epic 5,000x POP Reward Every 10,000 Blocks

Bonus Rewards
5x Reward – 4 per hour
10x Reward – 1 per hour
25x Reward – 12 per day
50x Reward – 1 per day
100x Reward – 1 per week
500x Reward – 1 per month
10,000x Reward – 6 per year

To visit the Popular Coin Blockchain go to: www.popularcoin.com:3751/

Popular Coin Mining Reward Distribution Calculations:

A message from Joshua Scrypt Regarding Coin Supply:

“Popular Coin was intended to have a large enough supply that there would be plenty of coins to reach out to the largest amount of users yet not too many that would completely flood the market and because there was no premine Popular Coin was immediately very successful expanding its user base. The hopes were that the large amount of coins would reach many people and once fully distributed the value would rise. With the coin supply around 200 times that of Bitcoin once POP caught on it would trade well in the .01$€ to 1$€ range. At this price it is an easy buy in and people can own a good full amount of POP Coins which better facilitates them easily learning the way crypto currencies work. I am confident that once the adoption is large enough to surpass .01$€ that POP will end up and be successful in the 1-10$€ range which would make it perfect for everyday transactions”

POPOLOGY®:

The ongoing project merging Popular Coin and POPOLOGY®! Where users can get POP by Curating and Watching Web Film, Television and Music through our Social Media Utility App. And they can Build an audience with their MICRO-BROADCAST™ and Earn POP COIN™ as well as Earn POP by watching another POPOLOGIST® MICRO-BROADCAST™.

-The other side of Popular Coin-

In 2001, Joe Rey created and founded POPOLOGY.org and POPOLOGIST.com, as a portal where people of all ages can exchange ideas with content creators, directors, writers, inventors, actors and other innovative talents of popular culture, through online technology and broadcast programming.

Several Creative Directors; Carol Holsinger (of Lambesis Agency), Christopher Ciccone, Dan Rush, Richard Herstek were brought into the organization as consultants to shape the POPOLOGY® identity development. This year, POPOLOGY® has raised recognition of Chris Schwartz (Ruffhouse Records: Ms. Lauryn Hill, Fugees, Cypress Hill, etc.) and all mentioned are in depth contributors to its future success.

The mission of POPOLOGY® & POPOLOGIST®, as a 30 Nation Trademark is Media Literacy, and is equipped with a core value to support a worldwide entertainment, and education community. “POPULAR” by definition merelymeans endorsed by another. The only way to distinguish what is truly popular, is one person (or confirmed iP) at a time.

POPOLOGY® relies on an innovative platform that can bring mentorship to the media-making experience to our licensed customers, through the support of an online media dome, (POP SPHERE™) to assist in identifying relevant social media topics, known as a POPOLOGIST®.

The participants can earn a POPOLOGY® degree in their chosen field, from photography and film, to music video production, sports, culinary, dance, writing, fashion, image management, etc. Addressing the full spectrum of Popular Culture careers.

For the full Executive Summary of POPOLOGY® go to:
https://www.popularcoin.com/files/popology-executive-summary.pdf

POPOLOGY® The App:

• Serves as Social Media Forum
• Serves as Popular Coin Wallet
• Serves as Marketplace
• Serves as POP Payment Gateway

Welcome to the age of virtually unlimited access to film, television and music video content. Enjoy anything… anywhere, anytime. Delivered on Web TVs and laptops, to tablets and smartphones. It’s perfect!

Now introducing something never been done before. As Popular Coin joins with POPOLOGY®, a Crypto Currency merges with an apparatus of Popular Culture. An innovative media utility that consolidates all of your memberships and subscriptions into a usable canvas of infinite creative opportunities and pays you out in Popular Coins.

Deploy customized Micro-Broadcasts, to your choice of social networking platforms, generating a fan base for your curated or self-created media, and additionally get paid by selecting the brand commercials relevant to your life.

The POPOLOGY® App is dedicated to your study and science of Popular Culture. The world of transactions and popular culture will never be the same.

Below is a rendering of the POPOLOGY® Apps interactive home page & console 3d POP Sphere applicable to Virtual Augmented Reality. Here the user will “collect” their viewing choices, categorize them, share with other “followers” as well as” instant Social Media interaction.

POPOLOGY® App POP Sphere Model Comp:

 POPOLOGY® Apps POP Sphere gives users instant access to thousands of
Apps, Content Portals, and Profiles

POP Sphere Model Comp

Notice the social media continents are tiled permission modules
 POP Sphere Model Comp

Self-Sustaining Popology Foundation and the PoP Payout Algorithm:

Proof of Participation (PoP): Participation Algorithms that track user activity and popularity which pays out from a daily budget provided by advertisers

Within the POPOLOGY® App one finds a self-sustaining system that is built to pay users back for their participation via PoP. As users use the POPOLOGY® App they are rewarded for their participation! That is right just use the POPOLOGY® App like you do any other app and you get paid Popular Coins.

How The POPOLOGY® App works:

Artists: Artists who Broadcast and Publish Via the POPOLOGY® App

Users: POPOLOGY® App Users Post, Make Comments, Rate Artists

Technology and Hardware: App Development and Hardware Funding

Popology Foundation: Dedicated to the Research and Study of Popular Culture

Charity: User Selected Charity

Daily POP Supply (DPS): The total supply of POP funded by advertisers for the day

Funding Method: Advertisers Fund a Daily POP Budget to Advertise in POPOLOGY® App

All proceeds from the sales of advertisements on the POPOLOGY® App is tracked and paid to each user based on their PoP and proportionately delivered on a daily basis at 00 Universal Time (UT). 50% to users, 25% to artists, 10% to Technology and Hardware for the POPOLOGY® App, 10% to Popology foundation dedicated to the research and study of Popular Culture, and 5% to a user selected charity.

User Daily POP Total (UDPT): 50% of the days total supply of POP funded by advertisers goes to all users on the POPOLOGY® App

Artist Daily POP Total (ADPT): 25% of the days total supply of POP funded by advertisers goes to all the Artist using the POPOLOGY® App

Technology Daily POP Total (TDPT): 10% of the days total supply of POP funded by advertisers goes to technology development and hardware for the POPOLOGY® App

Popology Foundation Daily POP Total (FDPT): 10% of the days total supply of POP funded by advertisers goes to the Popology Foundation dedicated to the research and study of Popular Culture

Charity Daily POP Total (CDPT): 5% of the days total supply of POP funded by advertisers goes to a daily community selected charity

Note: All Payments and Payouts are available to view and verify on the Popular Coin Blockchain

User Advertising Participation Preference:

Users will be able to determine the amount of advertisements they receive and the kinds of advertisements they receive.

Difficulty Level (DL): The level at which the user prefers to interact with advertisements

• In the users settings panel they will find the Difficulty Level which is an option to set the amount of advertisement they receive. If the user chooses 100% they will receive the highest amount advertisements and they will also receive the highest amount of payout. If the user decides that they prefer not to see advertisements, they can choose 5% and will receive only 5% of their potential PoP payout.

• The user is given the option of deciding exactly what kinds of advertisements they will be viewing. The user must select at least 3 advertisement categories out of a list of potential advertising groups. If the user prefers sports related ads and they choose the sports related option, then the advertisements they view will be sports related. Another example is a user that would rather view advertisements regarding something that is in their field like science or nutrition, they choose the science or nutrition category and they are able to learn about new products from the chosen field.

How the Numbers Workout:

User POP Score (UPS): Users Personal Aggregated Score Based on the Users Activity and Popularity

Artist POP Score (APS): Artists Personal Aggregated Score Based on the Artists Activity and Popularity

Users Total POP (UTP): Users total POP is determined by multiplying the users Difficulty Level and their User POP Score Score [DL * UPS = UTP]

Artists Total POP (ATP): Users total POP is determined by multiplying the users Difficulty Level and their User POP Score [DL * APS = ATP]

User Cumulative POP (UCP): The sum of all Users Total POP on the POPOLOGY® App

Artist Cumulative POP (ACP): The sum of all Artists Total POP on the POPOLOGY® App

Users Payout Percentage (UPP): The Users Total POP percentage of the User Cumulative POP [UTP / UCP = UPP]

Artists Payout Percentage (APP): The Artists Total POP percentage of the Artist Cumulative POP [ATP / ACP = APP]

Users Daily POP Reward (UDPR): The users Daily POP Payout reward for the day is calculated by multiplying the Users Payout Percentage by the Users Daily POP Total
[UPP * UDPT = UDPR]

Artists Daily POP Reward (ADPR): The artists Daily POP Payout reward for the day is calculated by multiplying the Artists Payout Percentage by the Artists Daily POP Total
[APP * ADPT = ADPR]

At the end of the day all daily POP Rewards are calculated and Popular Coins are distributed to users and artist based on the Payout Percentages via the Popular Coin Blockchain. After the day is over all numbers are reset to O where the whole POPOLOGY® App platform begins another daily cycle.

User Data and More POP Payout:

There is a bonus, users get paid even more POP! POPOLOGY® App users get to decide whether or not their user data is tracked or captured and if it is tracked, the user gets to decide what they do with their data. Yes, that is right, users get to own their personal usage data and can sell their personal user data to the highest bidder.

Companies like facebook, google, yahoo, and bing, and even internet service providers are allowed to collect and then sell everyones user search and activity data. At POPOLOGY® App we think that the people who are participating should be rewarded for their participation and not taken advantage of.

The Popology Foundation Board:

The Popology Foundation is currently accepting applications for 5 board positions. To submit an application, write a detailed letter of why you strongly support the research and study of Popular Culture and what your plans would be to help progress the Popology Foundation. Send applications to board@popologyfoundation.com

The POPOLOGY® App MarketPlace and Payment Portal:

Now that the users have accumulated Popular Coins what better place than right inside the app is a place where they can head right over to the POPOLOGY® MarketPlace and buy the product that they just viewed an ad from. Streamlining the connection between the advertisers and their customers. What’s more, all users and merchants are able to accept Popular Coins in real time.

Popology Payment Portal (PPP): Peer to peer transaction portal that allows merchants to and users accept payments in Popular Coin via the POPOLOGY® App

The History of Popular Coin (POP):

2014, January 28 – Popular Coin was *stealth launched by a small team of In Mean, Joshua Scrypt (aka Popular), CryptoJet, and Sean Brizendine (aka Norcal Newbie) with *zero premine through the *CryptoCoinTalk launch pad. The team had accumulated on CryptoCoinTalk and put together the entire project.

2014, January 28 – Popular Coin launches popcoin.biz website

2014, February – POP Currency Foundation Board of Directors is established and weekly Board meetings are held, at the time the board consisted of Joshua Scrypt, Sean Brizendine, David Slesinger, Joe Jones, and Abdeyah Fredericks and weekly minutes were posted on the CryptoCoinTalk forum

2014, March – POP Gets on its first exchange CryptoRush through the Voting System (CryptoRush only weeks later goes down)

2014, April – POP Wins the voting to get added to its Second Exchange AllCrypt (Who closed later in 2014)

2014, May – Completed New Wallet Coin Logo Image by Joe Jones (Platinum Edition)

2014, May – POP upgrades domain to popularcoin.org

2014, May – Joshua Scrypt presents on behalf of Popular Coin at the 1st Ever Crypto Currency Convention in the Scholastic Center of New York City

2014, June – Bryce Weiner briefly takes over as lead dev and implements a community selected (on cryptocointalk) reward modification that did not work as anticipated and generated 98.6 coins per block, at that point CryptoJet tentatively took over as lead dev (Bryce Weiner was attempting to lower the block reward as requested by community to 99 coins per block)

2014, July – POP Currency Foundation board closes sessions due to lack of funding

2014, December – Launched Multi Logo Wallets Gold, Silver, and Platinum New Images from Joe Jones

2015, July – POP acquires popularcoin.com domain and @popularcoin twitter handle

2015, July – CryptoJet readjusts the block reward based on original specifications at 99 Coins Per Block (Current) and sets the Gold Wallet UI as the main wallet

2015, October – Cryptopia Opens! and their Former Pool TrippleHexxx ran POP so they added POP as one of their first coins and there was even an entire POP market where you could trade POP in pairs with all of the coins on the site

2015, November – Popular Coin wins the Voting to Get listed on Cryptsy (One of the biggest Alt Exchanges at the time)

2015, November – Popular Coin Merges with POPOLOGY®

2016, March – Cryptsy goes down which creates a devastating blow to all Alt Coins including PopularCoin

2016, July – POP Added to Exchange Nova-ex

2016, November – Cryptopia closes side markets, DOT, HTML, and POP (leaving only a LTC and DOGE market available for POP)

Late 2016 to Early 2017 – All Markets were stagnant, not much trading

2017, May – Popular Coin Markets are revitalized by bitcoin moving upward

2017, November – Nova-ex closes

2018, January – Cryptopia closes Doge and Litecoin markets and adds POP to the Bitcoin market (leaving POP with only one market POP/BTC on Cryptopia)

What can we expect for 2018?

The agenda:

• New Popular Coin advertisement videos and full pressed marketing campaign

• Working to expand the market with new exchanges coming, making a full effort to be traded on every exchange out there, users are encouraged to put in the request to their favorite exchanges

• Popular Coin and POPOLOGY® are funded to start production on the new POPOLOGY® App and expect to launch the first version by the middle of 2018

• Build developer team, offer bounties and rewards to bring more high end developers onto the Popular Coin team

• Grow Social media marketing and find more team members to manage social media accounts and forum admins

• Scale seed node network in preparation for mass adoption

• Continue development on the app

• Reach out and connect with media content providers such as Universal

• Gear up to be ready for viral adoption by Popular Culture

Marketing Plan:

Marketing is the driving force behind gaining users and lifting the value of Popular Coin. Once people find out about Popular Coin there is a very high chance that they will want to learn more. The opportunity we present to them is unique and promising in the new age of digital currency and we are dedicated to positive representation with all marketing done through www.popularcoin.com

Here are the methods we will use to continue reaching out to potential new users and investors. There are plenty of people who have yet to even hear about Popular Coin, it is our goal to reach out to them and present our brand in a way that will be sure to communicate the highest value of Popular Coin.

• Continue boosting website SEO by publishing pages with keywords via the POPOLOGY® Forum on www.popularcoin.com/popology

• Continue working with users via the chat apps discord and telegram to improve the product and create social media campaigns

• Upgrade website and web front

• Produce press releases on blogs, forums, and other cryptocurrency communities in order to create backlinks to help improve www.popularcoin.com SEO

• Reach out to YouTubers, Twitter Users, Instagram Users, and request that they provide video review and promotion for Popular Coin

• Build a marketing team that can manage more social media, website interactions, and chat group admins

• Work to gain the best understanding of what users would like and working to implement that into the Popular Coin and POPOLOGY® App front and development

Conclusion:

Poplar Coin has the ability to reach out to Popular Culture and lift cryptocurrencies into its viral current. What it takes is all of us working together as a team and we can raise the value of Popular Coin one step at a time. As more Popular Coin users adopt the technology the value of POP will rise and benefit the earlier adopters, that trend can continue until literally everyone in the world has benefited.

Popular Coin fulfills all the wants and needs of internet users that are looking for a way to make transactions without having to go through a third party and with the POPOLOGY® App users have a stream lined way to use POP on their digital devices. As we have discovered, the POPOLOGY® App is a self-sustaining economic ecosystem that brings all of the arts together.

Now is the right time to get into crypto currencies and start to learn blockchain technology. Popular Coin provides an easy way to submerse yourself in the brave new world of these digital currencies. Once on board, together we can work to raise the value of Popular Coin while uncovering mysteries behind what makes things popular!

References:

[1] S. Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System”, https://bitcoin.org/bitcoin.pdf, 2009.

[2] W.T. Still, “The Money Masters”, https://www.youtube.com/watch?v=xuhMW47aVag, 1996.

[3] M. Keiser, “The Keiser Report”, https://cointelegraph.com/news/keiser-crypto-headed-for-1-tln-market-cap, 2018.

[4] E. Asano, “”, https://www.socialmediatoday.com/marketing/how-much-time-do-people-spend-social-media-infographic, 2017.

 

 

*CryptoCoinTalk: https://cryptocurrencytalk.com/topic/3832-%E2%98%86popularcoin-%E2%98%86pop-information/

*Zero Premine: Refers to the when the developers do not mine any coins by themselves before releasing the source to the public

*Stealth Launch: When the code was ready, Popular Coin was immediately released without prior promoting or advertising