The peer-to-peer subscription model in BelNet P2P VPN allows users to customize their exit nodes. Learn how P2P subscriptions work on BelNet.
Everything has a price. But what about the Internet? Of course, you pay your internet service provider monthly for a few agents’ internet connection.
But how is that enough to pay for hundreds of thousands of websites and the ones you visit every day? Shouldn’t every website have a pass that only allows you to access it after you subscribe?
Well, this is a disturbing fact.
The internet is not really free to use. No messaging app, streaming platform, or even P2P VPN service ever came at a price.
The price of using the internet is your data.
How does anyone who asks you use your data?
In fact, data is the source of revenue for Web2 companies. The data economy has grown exponentially over the past two decades.
Meta, formerly Facebook, has $114.9 billion in ad revenue in 2021 with the help of its user data.
Below is an IBM report that outlines the various ways companies are monetizing data. It’s clear from the report that any Web2 company that doesn’t make effective use of user data will lose the Crypto transformation race.
Yes, your data is vital in the coming data revolution, where we quote “who controls the data controls the world”.
Web2 companies without subscription-based business models to generate revenue rely on user data and advertising revenue for sustainability.
Because how else can they break even or make a profit? However, when users pay for their products and services, there is a viable business model that frees them from collecting user data.
Apps that generate revenue from a subscription model do not need to sell their data to generate revenue. Subscription services ensure your privacy is protected.
Your data is still being collected.
You must trust that the entity providing the service will not sell your data.
While some Web2 companies handle user data ethically, not all do. Cases of companies and institutions using data without consent over and over have been observed.
Also, subscription options are subject to service provider decisions, and you may not be able to find a plan that suits your goals and needs.
Say you need a subscription plan that allows you to use a service for a few hours, days, or weeks.
These are called micro-subscriptions, and they’re a game-changer here. Because why pay monthly or yearly when you can only pay for what you use?
E.g,
You subscribe to a P2P VPN for 5 days, pay the provider an hourly fee for service usage, and you’re done. This way, you don’t need to worry about mandatory monthly subscription fees. Another example is downloading the free version of the app and adding additional features when paying for it. This enables you to customize the functions you want to use. In this way, you also have the opportunity to support smaller players who offer competitive prices and excellent service.
Is such a thing even possible?
Yes. Micro subscriptions have been around for a while. Many platforms have already started adopting this business model. But its true potential is realized when micro-subscriptions are combined with a peer-to-peer business model that empowers users.
Web3 is about empowering communities and giving back control of the web to users. The company has owned most of them for quite some time.
Beldex goes a step further, adding a layer of privacy to every transaction, message and internet connection.
But we didn’t stop there. We want to create an ecosystem that protects privacy, is self-sufficient, and takes responsibility for its users.
To achieve this, we are developing a peer-to-peer subscription service that will allow you to subscribe, not to companies, but to nodes managed by other members of the community
Before we get into the details of how this might work, let’s consider what a community-run economy would look like.
Absolutely no guardian. not any. This will create the greatest decentralization as long as the barriers to entry are low. It will facilitate cross-border interactions between users. There are no boundaries when you use a cryptocurrency-generated address instead of a bank account. This paves the way for truly global peer-to-peer services.
Peer-to-peer subscriptions are being developed on BelNet so that users can run localized exit nodes and get paid every time someone chooses to use their node.
Masternode operators can leverage their passive income by running exit nodes.
There are two types of nodes in BelNet.
Relays and output nodes. While relays encrypt your connection using onion routing, exit nodes help you mask your IP and location.
P2P subscriptions create unique value for exit node operators, and unblocking geo-restricted content based on their location is VPN use case #1.
If you’re located outside of the US, anyone looking to unblock a website or streaming service that’s only available in the US will choose to use your exit node.
You can attract users by customizing exit nodes to offer flexible subscription periods, pricing, and bandwidth to provide a competitive advantage over others.
The more people use BelNet, the better chance you have of building a successful business and a strong user base that trusts your exit node services.
Of course, users pay you in BDX, which creates a feedback loop for BDX. As a result, demand for BDX increased, which in turn led to positive price discovery.
Try BelNet Beta
Follow us for instant updates on our developments.
Telegram | Twitter | Discord | Facebook | Instagram |
Source of information: Compiled from CRIPTOMONEDA by 0x information.The copyright belongs to the author and may not be reproduced without permission