Looking for an easy to invest currency that offers the best returns? The Authorship token might be your best option. Being one of the latest among digital currencies, the Authorship tokens were launched in August 2017. The goal, according to the promoter is to ensure that authors and readers can use blockchain technology to their benefit. The Authorship token is therefore valid for many types of transactions, for those with a literary bent of mind, as well as for investors. The ICO was launched recently, and while this opportunity has now closed, the currency can be bought from exchanges that deal in digital currency.
The Authorship tokens are designed to benefit authors as well as readers. It competes with traditional publishing companies. According to the promoter, there are many problems that authors face in dealing with traditional publishers. The royalties are low, and the authors must abide by the rule of the publisher. Also, the market reach is limited, particularly when the publisher decides how and where the book will be launched. Authors also have to bear other costs. They have no way of knowing how many books were sold, and thus, may not be aware if they are not being paid the right amount of royalties. The payouts are also delayed. Keeping these problems in mind, the Authorship platform was launched.
It is easy to see that this innovative currency rewards authors, publishers, as well as readers. Whether you are a fan of the particular work and want to contribute via translating the work, or you are an author looking for the best deal, or a publisher looking for that breakthrough piece of writing, the Authorship is the right platform. The decentralized platform offers wide reach, and thus, plenty of scope for authors and publishers.
The Authorship platform brings authors and publishers together. Here authors can list their project and publishers can bid for rights to the book. Authors can make up to 50% to 90% more on royalties, according to the Authorship promoters. Also, there is more choice, since even small publishers can compete on an equal footing, and gain valuable copyrights, while authors can choose from different publishers. Also, the sale is tracked easily, and this leads to instant payouts. Authors have other methods as well to monetize their books. If their book is translated by a user of the Authorship platform, the translator, and author both earn a share of the royalty.
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