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. 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 the 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. Blockchain 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
Now imagine what the blockchain gives us inside the network. Users automatically become real, as all their activities become absolutely transparent. On the other hand, they can remain completely anonymous, since they are simply part of the system. And access to the information about them is not only problematic, but almost impossible, if they themselves do not want it
Moreover – Foresting ( PTON )
We receive a stable reward for really high-quality and interesting content. The awarding system is similar to the one that already exists in existing similar projects, but Foresting comes to the market with innovative ideas. This is the advantage of those who are following. They can rely on existing developments and at the same time improve what does not work very well
For example, it should be noted that Foresting will try to immediately create a crypto-currency bank that will create really worthy rewards and make an easy entry for users, even for those who are somewhat far from the crypto-currency topic. Its rewards in token projects can be easily exchanged directly within the network on a simplified exchange
And this is not the only innovative solution that Foresting offers! I highly recommend that you study the Whitepaper of the project in detail to see the whole picture, Foresting is an innovative social network of a new generation based on blocking technology in which every user, regardless of their absorption and introduction into crypto-currencies, can easily and simply not only create their own content, but also get a real reward for it
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 is a 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 thewriting quality content that people will like, because the more people appreciate it, the more money the author will receive
ICO Details
The Foresting project token was named PTON. Like most, it is released on the platform of the Etherium and has the standard ERC 20
The ICO project itself will run until September 2018, so there is not much time left to take part. For 1 ether in the last stage of the ICO it will be possible to obtain 33,333 PTON
In total, 24 billion tokens will be issued, of which only 40%, or nine billion 600 thousand PTONs, have been allocated for sale. Let's see where the remaining tokens of the project goes,
- 40% - as we have already said, is planned to be sold within the ICO project
- 25% - will remain in turnover with the team and the creators of the project
- 10% - will go to the partners of the project
- 10% - will remain with consultants and marketers
- 10% - will go to the platform as awards
- 5% - will be formed into a reserve fund
The Conclusion
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
Official Website: https://foresting.io/
Facebook: https://www.facebook.com/forestingHQ/
Twitter: https://twitter.com/foresting_io
Bitcointalk link for foresting : https://bitcointalk.org/index.php?topic=4931943
Youtube : https://www.youtube.com/channel/UCGgXs74rn_BuE90CH1qYBPA
Instagram : https://www.instagram.com/foresting.io/
Authour,
Twitter : rathnayake
Bitcointalk username : rathnayake
Facebook : nipuni rathnayake
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