Amasa partners with Idena to amplify proof of person income streams and grow web3
Amasa is delighted to announce a partnership with Idena, a proof-of-person blockchain based on democratic principles. In the Idena network, every mining node is linked to a crypto identity that provides a single person with equal voting power and mining income while retaining privacy and anonymity.
The partnership is based on the shared principles of fair access to and distribution of value in the web3 world. It will initially involve promotion of both projects to engage and grow their communities and collaboration to migrate users from web2 applications to the web3 space. Amasa and Idena also plan to explore technical integration that could allow Idena users to send their income streams into the Amasa app after it launches in Q2 2022.
Idena x Amasa
Amasa offers web3 income stream providers a value add by promoting them and incentivising participation to both (a) current web3 application users and (b) the much bigger market of web2 application users. From Amasa’s perspective, the idea of participation in a proof-of-person network that rewards users for their participation is an easy sell to these audiences. This building of awareness around proof-of-person and sourcing new income streams is an obvious fit with Idena’s efforts to create and distribute value to anyone on its network, and will help to grow its community and user base.
Further, Idena will tap into Amasa’s growing community specifically, which includes both audiences already generating income streams from web3 sources such as play to earn gaming, as well as people not yet participating in the multitude of ways they can create value from their time online. The partnership has been established with a long-term view so that Amasa can explore innovative and exciting ways to bring value to user’s of Idena’s networks.
Beyond that, there exists a huge opportunity for Amasa to introduce Idena’s proof-of-person protocols to its other partners who are eager to ensure ‘bots’ are eradicated from their networks. The potential for this is immense and will enable every project to ensure real people are interacting with what they’ve built — be it in gaming, content distribution, advertising and other interactions such as live AMAs.
The partnership will benefit Amasa by introducing our unique approach to investment streaming to the Idena community and so helping to bring more people to the Amasa app, which is scheduled for initial release in Q2 2022. This will involve Idena community AMAs and collaborative marketing and engagement campaigns.
Subsequent to this launch, Amasa and Idena will explore technical integration that could allow Idena users to send their income streams into the Amasa app to combine it with other web3 income streams and amplify that value via user-selected DeFi protocols. This exploration will continue after the Amasa app launches in Q2 2022.
Idena is a decentralized sybil-resistant network of people connected by proof-of-person blockchain. Every node of the network is linked to a cryptoidentity — one single person with equal voting power and mining income. The Idena blockchain is driven by Proof-of-Person consensus, a novel way to formalize people on the Internet: Idena proves the humanness and uniqueness of its participants without collecting personally identifiable information by running a Turing test at the same time globally.
The IDNA token provides users with governance rights as well as multiple ways to earn value. The first is in participation in the network as a node which generates a UBI style return.
The second is by creating ‘flips’ — think of these as sophisticated, human-designed captcha puzzles. With Idena’s flip creation tool, users create minimum 3 obligatory flips. Not everyone wants to make flips though; conversely some users love creating flips and for these people, the possibility exists to create more flips for the network for which they will be paid.
To hear a little bit more about Idena’s application in the real world, have a listen here, where Idena was mentioned on Joe Rogan’s podcast in November 2021.
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Amasa’s mission is to empower people everywhere to capture and capitalise on the wealth building potential of micro income streams and DeFi. We are working to inspire mass adoption of Web 3.0 platforms that reward participants for their gaming, time, energy, attention, content, data and interactions.
We’re doing that by building the world’s first micro income stream investment app. The Amasa app will make micro income streams easy to capture, combine and access as a stabilised income, then amplify through user-selected DeFi investment options.
Combine. Stabilise. Amplify. All in the background of everyday life.
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