Authorship.com has finally opened its doors for the public by announcing the date for initial coin offering (ICO): 15th August. The much awaited ICO to buy the crypto-currency is a golden opportunity for investors to benefit from the project that is a big step towards fulfilling the long-held dream of decentralizing the internet.
During the initial coin offering, 100 million ATS tokens – the crypto-currency that will run the platform – will be issued. According to the formulated plan, 80% of the total 100 million ATS tokens will be sold to investors, whereas the remaining 20% are reserved for the first 100,000 authors who will register at the platform. The authors will get their share of tokens on monthly basis, according to a predetermined schedule.
Authorship is a project that aims to change the essence of book publishing industry by changing the way it functions. It is going to be a website platform for all the authors, readers, publishers and translators where they cannot only interact with each other, but can also offer and avail different services.
Talking to us about the venture, the team representative N. Warfield said, “We’re excited! This is something we’ve been working on for quite a while now and it makes us extremely proud to say that we are finally pushing for the finish line with this project. As you already know, Authorship is all about facilitating and encouraging existing and budding authors, readers, translators and printing facilities, to do what they do best. This platform will be the convenience they need to grow in terms of both wealth and profession/interest/business. But we don’t just stop there; with convenience, we want these people to have financial security too. Therefore, we will make sure that all our members (authors, translators, and publishers) have guaranteed monthly earnings through the platform.”
The representative further elaborated that their platform is backed by the team of Serious Reading and their vast experience in book promotion. All transactions on this decentralized platform will be made in the form of ATS tokens, the ICO for which will be available soon.
To resolve the problems and challenges of the traditional book publishing industry that mainly affect authors, the platform will make authors take charge of their work and not give in to publishers’ unjust policies. Also, the registered authors will be able to present their works for sale to readers from all over the world.
In addition to this, Authorship will bring a host of opportunities for publishers and translators as well. So, no matter which part of the world you are living in and whether you are a reader, publisher or translator, if you are at Authorship, you will be in touch with large numbers of both established and emerging authors from all continents.
Once launched, Authorship might prove to be a revolutionary platform that facilitates and promotes the literary community across the globe. What we, along with other enthusiasts are looking forward to, is the date when the ICO will finally take place.
Get ready for the Authorship ICO, buy ATS tokens and play your role in making this promising idea of a book friendly future a reality.