Review on Patron by David Olayide
Patron
Patron is a one of these latest evolving cryptocurrencies working with new technology. The project is basically focused on the social media sector and the major aim of the Patron platform, is to tokenize the influencer social media. The project as well plans to connect the different brands with social influencers around the world. Patron utilizes the blockchain technology to facilitate a smoother running system for social media influencer based brands. It also aims to help influencers to develop their own business. Both social media users and influencers can discover, publish, reserve and sell the information on the platform created by this project. One look at the Patron project and you can immediately see how useful the project is to both the cryptocurrency community and social media sector. The Patron platform acts as a sharing economy for the social media influencers and users. Truth be told, the Blockchain technology is very useful for building systems like this and by utilizing the blockchain technology and P2P connection, Patron can build a trustless infrastructure for its users. It plans to build a platform that offers equality to influencers. Patron makes use of it’s own internal token called PAT which is an open source cryptocurrency. PAT is built and operates on the public Ethereum blockchain. It is an ERC20 based token. PAT is the standard currency used within the ecosystem of Patron for all activities. Coinswitch and HitBTC are two cryptocurrency exchanges on which you can find the PAT token.
Pros
- Promotion of content distribution
- PAT is an ERC 20 based token
- Social media users and content creators alike can make use of the platform with ease
Cons
- Little recognition in the global crypto community
