Influence Chain: A Blockchain-Based Ecosystem for Monetizing Influence

What is Influence Chain

Friends, imagine if a celebrity, artist, or expert you really like could not only publish content, but also turn their “influence” into a digital asset that everyone can recognize and trade—what would that look like? The vision of the Influence Chain (INC) project is to realize this in the blockchain world. It’s like a digital asset exchange specifically built for influential people (whom we call “influencers,” such as celebrities, sports stars, writers, etc.).

On this platform, influencers can tokenize their unique intellectual property or personal influence, turning their influence into a special digital token. Then, their fans or supporters can purchase these tokens. In this way, influencers gain new ways to receive support and funding, while supporters can participate in the growth of the people they admire.

In simple terms, Influence Chain’s target users are those with social influence, as well as their fans and supporters. The core scenario is to make influence a quantifiable, tradable, and monetizable asset through a digital trading platform.

Project Vision and Value Proposition

The vision of Influence Chain is to build a global influence value platform, using blockchain and distributed storage technology to discover and mine projects, IP (intellectual property), and celebrities with public recognition or social influence in various industries, and to showcase their new value dimensions.

The core problem it aims to solve is how to fairly evaluate and monetize the intangible assets of influencers (such as their fame, works, traffic, etc.). The project introduces an analysis mechanism called the “Influence Index,” which is like a public and transparent scoring system that can evaluate influencers’ performance from various aspects, such as their career, works, social media traffic, and so on. This index helps supporters better understand the latest status of influencers and make judgments about the price trends of their tokens.

In this way, Influence Chain aims to create new value flows and use cases between influencers and supporters, allowing the influence economy to shine under blockchain technology.

Technical Features

Influence Chain is committed to creating a token-based ecosystem.

• Blockchain Platform: Although the whitepaper excerpt mentions leveraging the advantages of a “private blockchain” to build a token trading platform, other sources indicate that the Influence Chain (INC) token itself runs on the Ethereum platform. Ethereum is an open, decentralized blockchain platform that supports smart contracts.
• Consensus Mechanism: The consensus mechanism for the project’s token is not mineable, meaning it is not generated through mining.
• Organizational Structure: Described as semi-centralized.
• Influence Index: One of the core technologies is the “Influence Index” analysis mechanism, which can analyze and quantify influencers’ performance in multiple dimensions.

Tokenomics

The token symbol for Influence Chain is INC.

• Token Symbol: INC
• Issuing Chain: Ethereum
• Total Supply: 1,000,000,000 INC (1 billion)
• Circulating Supply: According to available information, the circulating supply is 0 INC. This means the token may not have entered market circulation yet, or the circulating amount is extremely low.
• Token Utility:
  • Medium of Exchange: INC tokens can be exchanged with tokens issued by influencers on the Influence Exchange.
  • Circulation and Liquidity: The general circulation and liquidity of INC tokens can be realized on external exchanges that support INC token trading.
  • Voting Rights: Holding INC tokens grants project voting rights.
  • Participation in Rating Votes: Used to participate in rating votes in the “Influence Index” system.
  • Ecosystem Collaboration: Used to participate in business and become a super node for DApp applications in the Influence Chain ecosystem.

Team, Governance, and Funding

According to public information, the core team members of Influence Chain include:

• Rain Huan: Founder
• Yao Ge: Co-Founder, responsible for partnership operation
• Heng Xia: Co-Founder, Partner of Operation Center Asia-Pacific
• Freed Ma: Partner, COO of Operation Center Asia-Pacific
• Jimmy Li: Partner, CEO of Operation Center Asia-Pacific
• Xinyao Xie: Co-Founder, Head of Operation Europe

In terms of governance, the whitepaper excerpt mentions that Influence Chain has “minor governance” over project design, while INC token holders have project voting rights.

Roadmap

According to available information, the Influence Chain project had some important launch and promotional activities in its early stages (2017-2018):

• 2017:
  • September 27: Launch event for North Asia and Asia-Pacific held in Seoul, South Korea.
  • November 10: First launch event for Southeast Asia held in Bangkok, Thailand.
  • December 14: Event representing all of Europe held in Dubai, UAE.
• 2018:
  • Early in the year: Influence Chain Asia-Pacific Operation Center established in Singapore.
  • February 4: A grand opening event called “The Influencer Revolution” was held at the Mastercard Theatre in Marina Bay Sands, Singapore, with celebrities including Michael Owen and Zhang Jizhong in attendance.

The whitepaper excerpt also mentions that in the early stages, the project will establish a global network, initially covering fields such as sports, celebrities, and public figures.

Currently available public information shows very limited updates on the detailed roadmap or future plans of the project after 2018.

Common Risk Reminders

Investing in any cryptocurrency project carries risks, and Influence Chain (INC) is no exception. Here are some common risks to be aware of:

• Market Volatility Risk: The cryptocurrency market is known for its extreme volatility, and the price of INC tokens may rise or fall sharply in a short period. CoinCarp clearly points out that Influence Chain is a highly volatile cryptocurrency and may not be suitable for all investors.
• Project Activity and Liquidity Risk: According to CoinMarketCap and CoinFi data, the circulating supply of INC tokens is 0. This may mean the token has not been officially issued or circulated, or the project activity is very low, resulting in insufficient market liquidity and potentially making trading very difficult.
• Information Transparency Risk: Although there are whitepaper excerpts and some news reports, there is relatively little public information on the project’s detailed development, technical updates, and team dynamics after 2018, increasing the risk of information asymmetry.
• Technical and Operational Risks: Any blockchain project may face technical risks such as smart contract vulnerabilities, network attacks, and platform operation interruptions. In addition, if the project fails to attract enough influencers and supporters, its ecosystem may struggle to develop.
• Compliance and Regulatory Risk: The global cryptocurrency regulatory environment is still evolving. Future policy changes may affect the project’s operations and the value of its tokens.
• Competition Risk: The influence economy and creator economy fields are highly competitive, with many other platforms and projects. Influence Chain needs to continuously innovate to remain competitive.

Please note: The above information is for risk warning only and does not constitute any investment advice. Before making any investment decisions, be sure to conduct thorough independent research (DYOR - Do Your Own Research) and consider consulting a professional financial advisor.

Verification Checklist

• Block Explorer Contract Address: The Ethereum contract address is
  0x4bff...0ae807
  . You can check the contract details through block explorers such as Etherscan.
• GitHub Activity: CryptoSlate and DigitalCoinPrice mentioned GitHub links. It is recommended to check their GitHub repository to evaluate code update frequency, number of contributors, and community engagement to understand the actual development progress of the project.
• Official Website: According to CoinMarketCap and DigitalCoinPrice, the official website is http://www.influencechain.org/. It is recommended to visit the official website for the latest information.
• Social Media Activity: CryptoSlate lists blog, GitHub, and Facebook links for @InfluencerChain. Check these social media platforms to understand the activity level of the project community and the status of official information releases.

Project Summary

The original intention of the Influence Chain (INC) project is to use blockchain technology to provide influencers with a platform to turn their intangible influence into tradable digital assets. Through mechanisms such as the “Influence Index,” it attempts to quantify and monetize the influence of celebrities, artists, etc., thereby establishing a new value interaction model between influencers and supporters.

The project token INC runs on the Ethereum blockchain, with a total supply of 1 billion, and is designed for exchange, voting, and ecosystem participation within the platform.

However, it is worth noting that according to existing public data, the circulating supply of INC tokens is 0, and the project’s main public activities were concentrated in 2017-2018. This may indicate that the project’s development has slowed down, or that there is a significant difference between the token issuance and market circulation and expectations. When considering any decisions related to this project, be sure to fully recognize these potential risks and conduct in-depth independent research.

Please remember, the above content is only an objective analysis and introduction based on existing public information and does not constitute any form of investment advice. The cryptocurrency market is extremely risky, so please be cautious and bear all investment risks yourself.