What is ResearchCoin (RSC)?

What is ResearchCoin (RSC)?

ResearchCoin (RSC) is a digital token that rewards high-quality scientific research. 

In technical terms, ResearchCoin is a digital asset built on the Ethereum blockchain–an ERC20 token.

In our vision, it is a new digital asset for the global scientific community. Not only does it have value–it represents a vote for the future of open, transparent, and democratically organized science.

The Problem

The peer-review process is broken in ways that are familiar to us all. This privatized system creates misaligned incentives—including a publish or perish culture.

We believe that researchers who produce great science should be acknowledged and rewarded for their contributions—not held back because their research does not fit into the existing structure. ResearchCoin realigns incentives and puts value back into the hands of the scientific community.

How is RSC Earned and Used?

Earning RSC is as simple as contributing to the platform. Use RSC to fund experiments and incentivize collaboration. 

  • Upvotes: Gain RSC when others upvote your work.
  • Peer Reviews: Get paid $150 in RSC for reviewing research.
  • Publications: Publish and earn rewards for citations your papers earn.
  • Grants: Request a specific scientific service – eg: answering a question, writing a piece of code, or conducting  a study.
  • Funding: Support research that you want to see (based on a pre-registered proposal). 
  • ResearchHub Journal? Pay for your Article Processing Charge (APC) in ResearchCoin.

Where does the coin get its value?

The value of RSC comes from what it enables: better science, open access, and a transparent ecosystem where impactful research is rewarded. [CoinGecko]

Can RSC be converted to USD or other currency?

Yes. Convert to USDC or fiat currency through exchanges like Uniswap or Gate.io. RSC may be purchased on these exchanges as well. [How to Convert RSC to USD Guide] 

Conclusion

The ResearchHub platform offers a new and more democratic way to conduct peer reviewed science. ResearchHub is an engine that accelerates the pace of scientific research, and RSC is the fuel for that engine.