Truereviews.io is an on chain review platform similar to Trip Advisor but with the additional onchain capabilities of immutable data, users being rewarded for their reviews and a tokenised reputation system. The platform uses money button for login and payments currently and also uses the new bitpic.network onchain avatar system from Unwriter. The platform is still quite new there are a few places near me in the UK that have already been reviewed and reputation being given which was great to see. (I will be adding some reviews to True Reviews over the next few days)
Take a read below from the about page on True reviews for some more information on how it all works.
TrueReviews is an online review platform that enables businesses to incentivize more reviews for their businesses and for users to earn Bitcoin and tokenized rewards for good reviews. Every action taken on TrueReviews is an onchain Bitcoin transaction. There are three main components to the platform: Reviews, Reputation, and Rewards.
To register for True Reviews, you must have a Money Button account. Go to https://moneybutton.com to create an account if you don’t have one already. True Reviews uses your Money Button default paymail as your identity across the site, so be sure to set this to something appropriate before registering for True Reviews. To register, swipe the Money Button on our home page. This will create an onchain user account with True Reviews and store your reputation and tokens. With registration your user account is credited with 10 reviews and 10 votes. Try out creating a review by visiting the “Submit” page, and check out the “Browse” page to find other reviews nearby. You can vote on any review using your vote tokens.
Good question! Every vote your review gets from other users, you earn 5000 satoshis. Users can also tip you for your review if they find it particularly helpful. If you vote on another users’ review, for every other voter that votes the same way as you, you will earn 550 satoshis. At current prices of BSV, your review becomes profitable if 5 or more people vote on it, and your votes become profitable if 20 or more people agree with you!
TrueReviews is powered by the Run on Bitcoin platform, which is a smart contract and tokenization platform for Bitcoin SV that allows you to put interactive data objects on the blockchain. This means that we can start having true digital property ownership on the blockchain.
Each review posted on TrueReviews is an interactive data object that is owned by a public key. Users own the reviews that they create, meaning the object cannot be altered by anyone else once created. Because reviews are interactive objects, we can enable editing, deleting, and other modifications to the objects by the owners.Reviews have a few main components:
Reviews can be searched for and voted on with a simple positive or negative score.
Users maintain a tokenized reputation across the platform that is tied to how popular their posts are. Users start with no reputation at all, but earn reputation for creating reviews and when others “upvote” their reviews. Users can also lose reputation for reviews deemed not helpful by other users. Across the platform are Positive Reputation tokens, and Negative Reputation tokens. TrueReviews mints these tokens and distributes them to users based on the following criteria:
Your total reputation across the site is the calculated difference between your Positive Reputation tokens and your Negative Reputation tokens.
Users are rewarded with real goods for creating popular reviews. Users are rewarded with 1000 satoshis for creating reviews and 5000 satoshis when a review is “liked”. Users can browse reviews and tip any reviewer any amount using the MoneyButton tip button.
Because each location is its own interactive object, business owners can contact TrueReviews to become the owner of their business location. After doing so, businesses can issue tokenized rewards that are rewards to users when a verified review is made. Today, Amazon maintains a “verified review” system that distinguishes reviews made by verified purchasers. TrueReviews extends this functionality to all businesses by using the blockchain. At point of sale, a unique identifier is created that is tied to the original purchase. When a review is made, we can link to the original point of sale to verify that this reviewer actually patronized the business.In exchange for a verified review, tokenized rewards (gift cards, coupons, etc) can be issued to the reviewer and redeemed at the business.If you own a business currently identifiable with Google Search and are interested in piloting our reward system, please email [email protected] with your information and we’d like to set you up.
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