BitLanders, formerly known as the Film Annex,is a social media site that pays its users in Bitcoin.

Social media that pays… but how?

BitLanders works by calculating your social engagement into a ‘BuzzScore.’

The BuzzScore is a competitive ranking from 0 to 100 that reflects your ability to involve users on your posts, blogs, videos, pictures, content, you name it. This takes into account how many people subscribe to your content, ‘buzz’ (which is like a facebook ‘like’) your content as well as comment.

After your BuzzScore is calculated at the end of every day, you are given a certain amount of Bitcoin as reflected by your BuzzScore and the current Bitcoin price. This money comes from a shared advertisement model. (At the moment, BitLanders does not have any ads; they are anticipating returning to advertisements with a native advertisement model as well.)

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You can use BitLanders similarly to how you use Facebook, WordPress, Twitter and Tumblr making the site versatile and easy to use.

There is a slight hitch – in order to keep the site fruitful to positive social media and creative content, the BitLanders team monitors what is posted so that it doesn’t land the site in hot water; It’s a good thing and a bad thing.