ResearchHub’s Purpose and Origin Story

ResearchHub‘s core mission is to accelerate the progress of science. The platform aims to create a modern infrastructure where scientists and researchers can collaborate in a more open, transparent, and efficient manner. This approach can be seen as an adaptation of the transformation GitHub brought to the software world, applied to scientific research.

ResearchHub seeks to create an environment where scientific content is evaluated, discussed, and developed by the community rather than behind closed doors. At the center of this vision is ResearchCoin (RSC).

What Does ResearchCoin (RSC) Offer?

ResearchCoin (RSC) is the governance and utility token used on the ResearchHub platform. Developed as an ERC-20 standard token, it is designed to incentivize scientific contributions, facilitate funding, and support community-based decision-making processes.

Unlike traditional cryptocurrencies, RSC has an economic model that rewards productivity and value creation rather than speculation. The primary way to earn tokens is by producing scientific content, participating in discussions, conducting peer reviews, and providing contributions deemed valuable by the community.

What is ResearchCoin Used For?

ResearchCoin serves multiple functions simultaneously within the ResearchHub ecosystem:

Reward Mechanism

Researchers can earn RSC by sharing academic papers, participating in scientific discussions, conducting peer reviews, or publishing research notes. The amount of tokens earned is shaped by how valuable the community finds the contribution.

Tipping and Incentive System

Users can tip RSC to content they find useful. This system naturally highlights high-quality content and directly rewards contributors.

Bounty (Reward Tasks)

Bounties can be created on ResearchHub for specific scientific tasks. For example, RSC-rewarded tasks can be opened for peer reviewing a paper, answering a research question, or preparing a technical summary.

Governance and Voting Rights

RSC holders can vote on decisions affecting the platform’s development. This turns ResearchHub into a community-governed ecosystem rather than a centralized structure.

What is ResearchHub?

ResearchHub is a digital platform created for the open funding, publication, and discussion of scientific research. Users can:

• Share research papers and preprints
• Publish scientific notes and technical blog posts
• Conduct peer reviews
• Apply for funding calls
• Create community-supported research projects

All these processes occur within a transparent economy incentivized by ResearchCoin.

Problems in the Traditional Scientific Economy

In the current academic system, funding providers, researchers, and journals operate with different incentives. This leads to significant inefficiencies across the system:

• Researchers spend a large portion of their time on funding applications
• Funding providers cannot objectively measure the true value of scientific output
• Academic journals often operate with revenue-focused motives

ResearchHub aims to overcome these issues through direct community evaluation and transparent incentives.

ResearchHub Product Features

Funding (Fund)

Funding providers can create requests for proposals (RFPs) for specific research areas. Researchers can apply to these calls or gather support through direct community funding.

Publishing (Publish)

Users can publish academic papers, preprints, or short research notes on the platform. Published content can receive community feedback and be rewarded with RSC.

ResearchHub Journal

ResearchHub has its own academic journal. Peer reviews are completed in an average of 10 days, and reviewers are directly rewarded with RSC.

Notebook

Researchers can produce content in a notebook environment where they can collaborate in real-time and publish it directly.

Peer Reviews

Every piece of content on the platform is open to peer review. Reviews are scored under categories such as methodology, results, discussion, and overall quality.

Bounty System

Rewarded tasks are created for specific scientific tasks to encourage contributions from experts.

Reputation (REP) System

Each user has a field-specific reputation score. As the REP score increases, additional privileges such as moderation and community management are gained.

ResearchCoin Token Information

• Token Name: ResearchCoin
• Symbol: RSC
• Token Standard: ERC-20
• Total Supply: 1,000,000,000 RSC
• Initial Circulating Supply: 7.5 million RSC
• Annual Maximum Emission: 50 million RSC

ResearchCoin (RSC) and the Base Network

ResearchCoin is used on the Base Layer-2 network in addition to the Ethereum mainnet. Thanks to the Base network, transactions can be processed faster and at lower costs. RSC tokens on Ethereum and Base are backed 1:1.

ResearchCoin (RSC) Token Distribution

The total supply distribution is as follows:

• 60%: ResearchHub community and users
• 20%: ResearchHub Technologies
• 10%: Founders
• 10%: Future team members

Tokens allocated to the community are distributed according to a multi-year emission plan, targeting long-term sustainability.

ResearchHub Investors

ResearchHub has raised a total of $7 million in funding, creating a strong financial backing structure. The investor profile combines early-stage technology funds with angel investors who are leading entrepreneurs in the sector.

Venture Capital Funds:

• Boost VC – Venture Capital
• OSS Capital – Venture Capital
• Sora Ventures – Venture Capital

Angel Investors:

• Amjad Masad – Angel Investor
• Garry Tan – Angel Investor
• Guillermo Rauch – Angel Investor
• Bob Young – Angel Investor

ResearchHub Team

The team behind ResearchHub consists of founders and engineers with deep experience in technology, the crypto ecosystem, and open research models. Expertise in product development, decentralized platforms, and scalable software infrastructure forms the key elements supporting the project’s long-term vision.

Team Members:

• Brian Armstrong – Co-Founder and CEO
• Patrick Joyce – Co-Founder and COO
• Kobe Attias – Lead Developer
• Tyler Diorio – Chief of Staff
• Gregor Zurowski – Founding Engineer
• Taki Koutsomitis – Founding Engineer

Official Links

• Website
• X (Twitter)
• Whitepaper

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The post What is ResearchCoin (RSC)? appeared first on Coin Engineer.

According to the Fed’s Survey of Household Economics and Decisionmaking (SHED), released on May 21, 7% of questioned U.S. adults said they used cryptocurrency in the 12 months to October of last year, down from 10% in 2022 and 12% in 2021.

While 7% bought or stored cryptocurrency as an investment, just 1% of adults stated they use it as a payment method or to transfer money, down half from 2022.

The Fed’s findings are far short of Coinbase’s much-touted lobbying claim that one in five, or 52 million, Americans possess cryptocurrency. A request for an explanation about how Coinbase came to the figure was not answered.

Of the 1% who utilized cryptocurrency in a financial transaction, almost 30% claimed it was because the recipient or company liked it. Bank distrust was the least-mentioned cause.

The poll revealed that those making $100,000 or more a year were more likely to have utilized cryptocurrency for any purpose overall.

Additionally discovered were that adult Gen Zs between the ages of 18 and 29 and millennials, who range in age from 30 to 44, accounted for the majority of crypto users. Three times as many males as women used cryptocurrency.

The post Fed Survey Shows 18M Fewer Cryptocurrency Users in 2023 appeared first on Coin Engineer.