The boom of technology and new advancement in science has played a vital role in making our lives efficient and comfortable. The internet has become the main medium for communication and entertainment around the world. One channel that has to grow and developed a lot is SOCIAL MEDIA or NETWORK. Some social network household names include Facebook, Twitter, and Instagram.
What is Social Media/Network? (some in from WIKIPEDIA)
Social media/Network are computer-driven technologies that manage the creation and sharing of information, ideas, career interests and other forms of expression via virtual communities and networks. These are websites and applications that enable users to create and share content or to participate in social networking. In simple terms, it is a website where you can post events, daily activities, like and share pictures.
Monetizing Social Media/Network through SPHERE. (some info from https://sphere.social/)
Have you ever felt like your spending too much time on social networking sites? You're just wasting your precious time but not getting anything out of it. Well if we look closely, social media/networks have been used as a tool to advertise products and services to consumers. But who becoming rich? Are we getting a piece of the pie? The answer is a big NO. Companies are fattening the pockets, leveraging our data as a bargaining chip and selling it off to the highest bidder to fund their operations. If we think about it, our online activity and social media presence helped create billion dollar industries. How about security? The users of these social media sites need security against hacking and any cyber attacks. It is time to monetize our use of social networks with SPHERE.
SPHERE will be the largest and most trusted decentralized social network in the world. Sphere's concept revolves around privacy, company transparency, and data security which should be the formula for every social network platform. SAT (Social Activity Tokens) will be the digital currency which will be used within Sphere. It will work as a currency inside the Sphere ecosystem. SPHERE will use SAT as an incentive and this will be used for any transaction made within the network. The network has it's own an incentive program for users. SAT tokens were created to make all process secure and transparent. This will develop a greater sense of trust within the system.
What makes Sphere different from the Mainstream Stream Social Network Platforms?
Transparency, Better Privacy and Data Protection.
Sphere uses the blockchain technology which is a more transparent, honest, and open blockchain format that allows every user to hold Sphere accountable for data. This is where a block-chain distribution method comes into play which allows the transfer of vital and valuable data while protecting the users’ privacy. SPHERE is more of -a decentralized social media platform that can store multimedia and other data on a secured blockchain rather than using traditional servers which are slower and prone to hacking and cyber attacks.
Sphere has a product already out in the app market like playstore and app store. This will be a smooth and easy transition for users and the developers.
Targets consumers with Ad Campaigns.
This is for the companies to help them with their marketing strategies. Even though we are at the forefront of all technological advancements, old and traditional marketing strategies are still being used. In general, it is just a waste of funds. Using Sphere’s innovative decentralized social network allows companies to interact and target consumers directly, and both sides stand to gain. Companies benefit because this ensures that their marketing campaigns reach their desired audience effectively, cutting down on marketing costs of market strategies. Sphere will create a fully functional advertising dashboard which will allow users to create ad pieces that will be displayed in the Sphere news feed. They also offer adspace which can be paid using SAT.
The Sphere social platform contains important e-commerce features. The marketplace will allow users to create products which followers and friends can see and purchase using their SAT. (from https://sphere.social/wp-content/uploads/2017/12/Sphere_Whitepaper_v1.7.3.pdf) This means that you can sell old stuff just by taking pictures and posting it or sharing it in the network. You can process your sales transactions within the Sphere network. To make it simple, its just a click of the purchase botton and will be paid by SAT.
Just to sum it all up, SPHERE will stand out from all other ICO's with the same platform because it has already a product and experience. So any technical problems that will occur can easily be isolated and fixed. I would definitely invest in this platform because it's not just the big companies who will try to use the platform which will benefit but also the consumers which will be able to monetize and earn from using SPHERE.