FORESTING - mobile social media service based on blockchain technology

bumidinasty (6)in #cryptocurrency • 6 years ago

What is Foresting?

FORESTING is a new social networking project that was created on the basis of blockchain technology in order to make a decentralized, secure social network without advertising.

Problems of existing social networks

Probably each of us uses social networks, moreover, almost three billion people around the world use them.
The first social networks appeared in one form or another with the beginning of the Internet era.
As we all can see, companies whose main business are social networks are making quite good money. Take for example Facebook, whose market capitalization in 2017 was about 500 billion US dollars. Which is a very good amount.

The whole problem of ordinary social networks is that the funds that the company receives in the form of revenue (for example, from advertising) are distributed only between shareholders, employees, and ensuring the technical efficiency of the service.

Such companies, as a rule, are only interested in attracting as many users as possible to the platform, because the content that will be generated by users will be the most important resource that will attract even more users.
Another problem can be considered that a typical social network, although it gives an opportunity to contact different people that may be of interest to the user, at the same time sells advertising and advertising campaigns personal information, preferences of its users in order to make advertising more effective. This is the main source of income for the social network.

We see that now there are practically no social networks or media without rigid centralization. They do not want to share income with people, although these people provide income.
Another important factor is the vulnerability of such platforms to various kinds of hacking and attacks on accounts.

The FORESTING project developers will create a content-oriented platform where the revenue itself will be generated from the content created by users, while not disclosing information about users for advertisers and making the platform really free and safe for everyone.

What are the advantages of such a social network?

The peculiarity of this project is that it will be focused exclusively on user traffic, which is radically different from existing systems that are targeted to traffic. The platform will increase the impact of each user individually as a whole on the network, which by itself will increase the efficiency of each one. Consequently, users will generate better, faster and more interesting content in comparison with ordinary social networks.
Blocking technology in turn will increase the transparency of the system and its security, which will have a positive impact on the entire platform as a whole.

What does Foresting offer?

Foresting offers every person, even without knowledge in crypto currency, to use a network platform, so that everyone can create high-quality and cool content, while earning money.The social network Foresting will have three main directions, which will deal with various functions, namely:

Foresting Media is a direction that will reward participants for creating content.
Foresting Bank is a direction designed to provide banking and credit rating (rating) services.
Foresting Lab - a direction that will support the creators of content, while helping each of them to improve the content and make it better.

In general, on a platform, if on a simple basis, each user will be able to receive an income for his usual kid's article. It will also take into account the likes of the comments, for them, too, you can get a pretty penny.
Based on this, we see that each user will be interested in writing quality content that people will like, because the more people appreciate it, the more money the author will receive.

ICO Details

Total planned to release: 24 billion tokens PTON
Of these: 9.6 billion will be sold at ICO
For payment is accepted only Ether (ETH)
More detailed you can see on this photo:

conclusions

In general, I like the idea of a decentralized social network, as this is a real step forward compared to the existing services that are now on the market.
I think that although this project has competitors in this area, this project is favorably distinguished by a good team and a well-written road map, which is very encouraging.
I think that the project is definitely worth a closer look, but think with your head when investing and never in a hurry.