xGov Proposal #118 - pressdot - The First WebMarket

You are correct, this is how it currently stands. Onboarding to Algorand takes a few steps, if you don’t have your hand held through the process. The fact of the matter is, the average person doesn’t care enough about crypto self-custody. pressdot will provide an option for everyone to keep their ALGO on the pressdot website for a non-custodial solution. In the backend, we’ll have wallets for every user to hold and send ALGO/PDAT/USDC. I outline the process here:

And, I think you bring up a good point here:

We have something in the works for v2 which is a “free” section. In the free section it would act more like Twitter/Reddit where people would be able to promote their content for free. That way, you wouldn’t have to leave the site in order to promote the content like you say. But, in an ideal world, these writers would already have a following and bring their readers to the site.

As for the comments question, in the beta platform 100% of the PDAT goes directly to the creator. In the future, comments will be how readers can earn on the site. When someone responds to your comment, you will receive a share of the PDAT. So, if you are able to start a long discussion, you would be “earning for your ideas.” That’s why comments cost something.

I hope this helps, keep the questions coming.