Zoints Enables Patronage 2.0.

Zoints is a social network that utilizes Solana and has stated that it enables Patronage 2.0.

But what does that mean? Let’s start with the meaning of financial patronage. Financial patronage is the financial aid that an organization or individual bestows on another.

What if they could update this to be ‘Mutually beneficial financial rewards people and organizations bestow upon one another — wouldn’t that be a vast improvement? It would be a situation where EVERYONE benefits. This is Patronage 2.0.

What does patronage currently look like on the internet? Large, centralized companies exploit Creators and their content. A fan can sign up to provide a financial stipend to support you which the company takes a cut off (often upwards of 12%). And there’s no shortage of horror stories of Creators being cut off by the company or credit card provider for any number of reasons.

Patronage 2.0 changes that. There is no centralized company taking a cut and thanks to blockchain, there are no credit card fees or censorship on a whim. To truly have Patronage 2.0, EVERYONE has to benefit financially. Zoints enables this via split staking rewards. When you subscribe to a Creator or Community, you stake your crypto with them. It’s not a payment, staking is like placing your tokens in a bank account nobody controls on the blockchain, and you can withdraw at any time. While your tokens are staked, they earn additional token rewards that are split three ways — 47.5% to the token holder, 47.5% to the Creator or Community Founder, and 5% to whoever referred the Creator or Community Founder.

This model ensures that EVERYONE has an opportunity to attain recurring income. Take a step back and ponder how revolutionary it is that it is now in your financial best interest to support Creators and Communities.

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