Fountain (FTN) is a sustainable content ecosystem based on Proof of Contribution (PoC) mechanisms. The PoC mechanism is designed to record and certify participants' contributions and community users. According to the Fountain website, the platform aims to create a win-win ecosystem and reward creators with the native token FTN. Content creators can promote, read, like, and earn rewards by commenting on the contributions on the Fountain platform.
The Fountain platform aims to change the traditional approach to content contribution. For instance, when creators contribute numerous content to promote a project, most do not have proof of contribution, resulting in no rewards for their contribution. Thus, Fountain, a blockchain-based platform, seeks to change this approach and create an ecosystem for fair distribution of rewards among content contributors. The project also aims to certify content contributors under the Proof of Contribution mechanism while awarding because content creation plays a vital role for the Fountain platform.
According to the whitepaper, FTN is the circulating token, whereas FP (Fountain Power) is the participating token that users can not use for trading. The FTN token is an Ethereum-based asset that follows the standards of ERC-20. The platform also uses FTN tokens for governance. Content contributors can vote for the submitted proposal using the FTN token. By doing this, the platform intends to encourage contributors' participation in public affairs.
FP tokens are Fountain's entitlement credit for users to fulfill the obligations of the ecosystems and governance. Additionally, FP is the core of the PoC mechanism, wherein users get one FP for one vote. Thus, the more the users hold FP tokens, the more contribution users will influence the PoC reward pool.