For more than a decade, social networking has taken over internet users’ lives, with social networking apps being the preferred entry point for content and engagement. According to studies, teenagers spend at least nine hours per day on social networks, with the majority of this being done through mobile devices. The same data says that users spend even more time on social media than actual socializing. There is a downside, of course, which is privacy. As the saying goes, if the product is free, then chances are that you are the product. Facebook, Twitter, and other social networks give you untethered access to their platforms, all in exchange for something valuable – insights into your behaviors, preferences, habits, connections, location, and content. Most of the drawbacks of social networking stem from the fact that actual control is centralized on the platform owner, even if the content and activity come from its users.
Enter the Blockchain
Since its inception around eight years ago, Bitcoin has only recently caught the interest of the internet-at-large, mostly due to its potential as an instrument for investment. While the value of the cryptocurrency itself is volatile and always fluctuating, it is the underlying technology that holds promise across industries. The blockchain – the decentralized and distributed ledger used by cryptocurrencies – can also be used to disrupt other industries and applications. Now, blockchain startups have gone beyond cryptocurrencies. With blockchain systems like Ethereum and NEO offering the ability to run applications and establish smart contracts, there is an opportunity to disrupt all sorts of industries – social networking one of them. The new generation of social networks addresses the disadvantages of a centralized approach to social networking in favor of a decentralized system, thereby bringing about efficiency, privacy, and security gains. One of these is Nexus, a platform that combines social networking with crowdfunding. Another is Obsidian, which is focused on the messaging aspect of social networking. Here is why a blockchain-based approach to social networking is beneficial.
You are not the “product”
Social networks are a goldmine of user information, and the likes of Facebook, Twitter, Instagram, and more, are exchanging our aggregated information to provide their clients better targeting for their advertising and marketing campaigns.
If you do a cursory review of the Terms of Service of most social networks, you will notice one common theme: that once you upload your content on the platform, the social network has the right to access your content for their own purposes, whether these are text, images, videos, and the like. While Facebook says that “you own all of the content and information you post on Facebook,” the reality is that the company, it also says that it uses information gathered from users to target advertising and customize engagement. This brings us to our next point …
Better control over content
If aggregated analytics and user targeting are not bad enough, social networks like Facebook are even being accused of eavesdropping on users through smartphone microphones. For most people, this might not be a concern, but for those who are paranoid about their privacy, then the most viable option is to not join social networks at all. However, social networks still have their merits, in terms of business networking, collaboration, and exchange of ideas.
Foresting – It is obvious that our existing social service providers are becoming unprofitable for users, especially with regard to their evaluation and content. The lack of emphasis on estimating the distribution of content on these platforms leads to an increase in the alternatives that can be able to meet these challenges. Foresting ICO is an example of how blockchain technology can be an alternative to ensuring effective value sharing for content creators on social networking platforms. This is how he plans to deploy the opportunity for economic activity with a single click of the “I Like” button.
The Foresting network will be available to any person without the need for prior knowledge of cryptocurrency or blocking. The new concept involves creating a network platform that allows users to realize the value of content creation. The Foresting network is designed to provide remuneration for content creation and revenue distribution systems for vendors. All content types have the right to remuneration, consumption, and support in the content system. Foresting hopes to introduce a new ecosystem consisting of forest representatives (community members) working on networking, connectivity, and communication concepts. The ecosystem also includes the following functions: Foresting platform.
Part of Foresting works as a block-net for social networks that operates within a decentralized system of fair value distribution.
The core of the Foresting network is the provision of financial services to support content rewards. This will be available through the establishment of digital finance, Foresting Bank.
In addition to supporting foresting activities, there is community support and marketing activities for content creators.
The goal of Foresting is to provide users with a convenient and convenient service that is intuitive and not problematic conceptual service
Simplified coin exchange.
Foresting also allows users to increase the value of their content by providing them with a secure conversion platform to receive money in return.
When using blockchain, afforestation provides users with the best technology to download or download different content components in a seamless way
Optimize your device.
Foresting ecosystems are diverse enough to integrate people’s lifestyles and this will allow them to influence content at any time using any device.
Security and privacy.
A critical aspect of a blockchain technology is the decentralized nature of the system.. This feature provides better protection and privacy for users because there is no single object that controls the operation. Foresting Token ICO:
The Pton token works as the determinant of value for rewarding participants who contribute their content to foresting. The token does not mean that it works like other kryptons available through mining. The Pton marker will be available according to the level of participants ‘ contribution. It is expected that part of it will also be used so that users can use the foresting application.
Private Sale: April 2018 to May 2018
Public Sale: From July 2018 to August 2018
ICO: August 2018 to September 2018
Token name: Pton
Token feed: 24 000 000 000 tokens
Available for sale: 9 600 000 000 Pton (40%)
Sale of tokens 40%
Team and founders 25%
Advisers and marketing 10%
The Pton token will be released in a total of 24 000 000 000 (24 billion) tokens with ERC-20, with 40% of the total set of tokens for sale. ICO members can get a swap through the foresting currency purse after starting mainnet foresting.
General Information Detail Information :