Image by Ehimetalor Akhere Unuabona

How we incentivize the TRUTH

Incentivizing the Truth

Meet three members of the community to discover how they validate truth and eradicate fake news.

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ARINA | NEWS CONSUMER

29 YEARS  |  ARMENIA

DAVIS | JOURNALIST

52 YEARS  |  NEW YORK

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JUSTIN | FACT-CHECKER

28 YEARS  |  HONG KONG

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User story

Arina | Armenia

Arina, 29, is an avid news consumer and is interested in the 2020 presidential election.  She’s upset the corporate media is focused on the latest political polls instead of on an issue she is concerned about - the candidates positions on health care.

Arina joins the community by purchasing Ovis tokens, which have grown in value to $1 each.

Using her tokens, Arina submits a story idea about health care to the platform for the community to
vote on.

Say 50,000 community members upvote, Arina’s story idea with their tokens, any journalist who covers it truthfully will receive a purse of tokens worth $50,000.

If community members downvote, Arina’ story idea, Arina reclaims her staked tokens.

Through reading and voting within the community, Arina helps improve overall quality of news and earns more tokens.

 

User story

Davis | New York 

Davis, a 52-year-old journalist, sees Arina’s story about the candidates position on health care and the purse of 50,000 tokens that comes with it.

He will get the tokens worth $50,000 if he tells the healthcare story truthfully, accurately and fairly.

Davis writes a news story about the candidates’ position on
healthcare.

Davis stakes tokens and submits his story to Ovis’ certified, independent fact-checkers.

Within hours the global Ovis community will
fact-check his article for publication.

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User story

Justin | Hong Kong

Justin, 28, from Hong Kong, is one of at least three independent fact-checkers who are certified by the Ovis community.  

 

Justin and the other fact-checkers independently review Davis’ story for truth, accuracy and fairness.

If a consensus of the fact-checkers validates Davis' story as truthful, accurate and fair, they will earn tokens from the processing fee deducted from the purse of 50,000 tokens.

If a consensus of fact-checkers, rejects Davis' article, the story will not be published.  However, the fact-checkers will still earn tokens from the processing fee deducted from the purse of 50,000 tokens.

By helping to validate the information in Davis' article, Justin has helped incentivize the truth and eradicate fake news and media bias.

 
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USER STORIES

Fortunately, Davis has a reputation for truthful, fair and accurate reporting. Ovis’ independent, certified fact-checkers publish his story.

Davis keeps the 50,000 tokens*, which are worth $50,000. He can cash them in or hold on to them as they rise in value.

*minus the processing fee

Davis and the rest of the community, now have a truthful, verified and accurate story about healthcare, which was curated and funded by the Ovis community.

 

Additionally, the value of their has increased. Surplus revenues are shared with all token holders.

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DEFINING THE

NEW PARADIGM

Ovis incentivizes journalists to create:

Truthful & Fair

High-Quality

Visual

Written &
Multimedia Content

If independent fact-checkers upvote, the journalist is rewarded with valuable tokens.

If independent fact-checkers
downvote,
 the journalist forfeits valuable tokens.

This model offers an elegantly simple solution for the problems of fake news, coordinated manipulation of information, and editorial bias.

Image by Adeolu Eletu

Journalists must stake valuable
TRUTH tokens on any content
they upload to Ovis fact-checkers.