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Advanced Technology drives the increasing anti-censorship, decentralised social media networks, and publishing platforms that are based on blockchain, where no single party can control these platforms, which results in safeguarding information circulation, freedom to publish, and independence of journalism. Furthermore, cryptoeconomics associated with blockchain creates an easy economic model to find sustainable financing for independent journalism by Initial Coin Offering. Meanwhile, adopting a reward system by these publishing platforms has generated sustainable income sources for content creators, allowing them to be independent and motivated to create high-quality constructive content, which contributes to developing communities through disbursing knowledge in forms of constructive journalism.  This study presents the potential of blockchain and cryptoeconomics in developing independent and constructive journalism, especially in developing countries. Through analysing the structure of Steem Blockchain, and empirical analysis of journalistic content on Steemit network in terms of the amount of payout that content creators and curators receive, based on the system of reward according to the content value that is determined by community member voting. Besides selected sample interviews with journalists, writers, and publishers in the Arab World which is undergoing turmoil and transition and needs constructive journalism, asking for their opinions about the potential that blockchain and cryptoeconomics have to support independent and constructive journalism.  The results of the study demonstrated that journalistic posts classified under constructive journalism could achieve a high payout according to the reward system based on community voting for the content value. Meanwhile, journalists and writers have expected that this new economic model can enhance the financial independence of journalists and develop independent and constructive journalism in developing countries.