What is the Gilgamesh Platform?
At its core, Gilgamesh is a self-governing, knowledge-sharing social network platform powered by Ethereum smart contracts, IPFS and blockchain technology to create a secure, fair, and engaging ecosystem that connects readers, critics, authors, and self-publishing service providers to influence the book industry and remove the role of publishers as the middleman between the flow of knowledge from authors to readers.
What problem does the Gilgamesh Platform solve?
There is a gap in the market for a cohesive knowledge-sharing platform that enables book readers and authors to connect and engage with one another. The Gilgamesh Platform will enable readers to not only socialize and explore, but also to find, review, and purchase books. It simplifies the process of sharing and gaining knowledge.
Authors benefit from a relationship with their readers by gaining constructive feedback while simultaneously encouraging a discourse and cultivating a love of learning.
Service providers need advertisement space that reach authors so they can make self-publishing an affordable, reliable form of publication.
Publishers limit the interactions between readers, authors, critics, and self-publishing service providers. The Gilgamesh Platform removes the communication barriers established by eliminating the publisher as a middleman. As a result, the platform gives readers, critics, and authors an opportunity to control the book market.
Authors can break free of a monopolizing business partner (publishers) and gain full control of their work.
Why use blockchain technologies?
For decades authors had to work with their business partners (publishers) to publish and distribute books. Publishers are nothing more than a middleman that overcomplicates the process, infringes on authors’ rights, and takes advantage of the power they hold in the market.
A “standard” book contract does the following:
Gives the publisher the right to the manuscript, whether published or not.
Publishers can negotiate discounts on the cover price without the approval of the author, but the author’s royalty will be cut
Publisher can settle lawsuits on behalf of the author but often charge the author for the settlement fee.
It is time to solve this problem and help authors to take full ownership of their work. IPFS is peer to peer hypermedia protocol and a cryptographic hash that will be used to store critical information such as book files and user information, IPFS is a great match for blockchain based software, we can store large amount of data with IPFS and insert immutable IPFS link into the blockchain transactions or smart contract, this can secure and timestamp our content without having to put the data on the blockchain.
Ethereum smart contract will be used to create ERC20 standard token, GIL token allows holders to stake their tokens to vote on new features or changes to the platform.
Ethereum smart contracts, IPFS, and blockchain technologies creates a transparent, censorship-free and secure ecosystem for the book market.
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How To Invest In Gilgamesh?
To invest in this company, you have to buy their GIL tokens. There is not yet a date set for the ICO, but it is expected to be happening soon, probably in the beginning of 2018.
To buy GIL tokens, you will have to use Ethereum, so if you only have cryptocurrencies like Bitcoin, you will have to exchange them before the ICO happens. With 1 ETH you will be able to buy 10,000 GIL tokens.
It is important to notice that buying GIL is not the equivalent of buying a share in the profits of the company. You will be buying the tokens to use inside the platform and, if they rise in value after the launch, you can sell them, but that is it.
Should you invest in Gilgamesh? If you have interest in the literature market, yes. The company does not show any visible red flag and it looks like it will be an interesting investment. Because of this, if you feel like this company might have future, feel free to invest in it. There is not any sign of danger in doing so.
An in-depth discussion can be viewed in their Whitepaper here.
For complete information, please visit: https://www.gilgameshplatform.com/
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