The social media space is dominated by monopolies who view their users as nothing more than resources. One need only glance at news headlines of late to get an idea of how much respect firms like Facebook and Twitter have for their users. Whereas those firms make money off the sweat of others, FORESTING ultimately aims to put the power – and the money – back in the hands of the people who make social media what it is – the users themselves.
With Foresting, users can use PTON coin to get paid for their content. Foresting is an example of how blockchain technology could become an alternative for enabling efficient value distribution for content creators on the social media platforms.
About Foresting
Foresting is a new blockchain-based social media platform which actually paid the content post by its users, rather than simply being data generators for big media corporations. Foresting project introduces a new ecosystem that consists of a FOREST (community members) that work on concepts such as Networking, interacting, and connecting. The ecosystem is used to help users receive compensation for their social media posts.
Foresting is designed for those who are interested in social media platforms. It supports all forms of content videos, text, images, live broadcasting, and creates a social network based on a content-oriented reward service.
Foresting Features
Foresting looks to introduce a new ecosystem consisting of a FOREST (community members) working on the concepts of Networking, connecting and interacting. The ecosystem also encompasses the following features:
Foresting Platform
Part of FORESTING operates as a blockchain social media platform that works under a decentralized system for fair value distribution.
Foresting Bank
The core of FORESTING Network is to provide financial services to sustain the content remuneration. That will be available through the digital finance institution, FORESTING Bank.
Foresting Lab
Besides supporting activities on the FORESTING Network, there is also support for communities and marketing activities of the content creators.
Foresting Benefits
User Interface
Foresting’s goal is to create a convenient and comfortable service for their users. This service will become more intuitive instead of a problematic service.
Simplified Coin Exchange
Foresting also aims to allow users to add value to their content by providing a secure conversion platform for them to get money in return.
Content Support
By using blockchain, Foresting gives users the best technology to download or upload multiple content components seamlessly.
Device Optimization
Foresting has a diverse ecosystem that integrates into people’s lifestyles. This enables them to influence their content on their devices.
Security And Privacy
A critical aspect of blockchain technology is the decentralized nature of the system. Such a feature provides the best protection and privacy for users since there is no single entity controlling the operation.
PTON Token and ICO
PTON is Foresting’s native token and is used for rewarding people for using the app. The token does not imply on working like other cryptos which are accessible through mining. The PTON token will be available as per the level of contribution of the participants. Part of it is also expected to be in use to enable users to benefit from FORESTING app.
The initial coin offering will see 40% of the 24 billion PTON tokens made available to the public.
ICO Info
Token Ticker: PTON
Tokens For Sale: 9,600,000,000 PTON
Total Tokens: 24,000,000,000 PTON
Fundraising Goals: 90,000 ETH (Soft cap) – 170,000 ETH (Hard Cap)
ICO Sale Date: August 2018 till September 2018
Token Distribution
For more information, you can visit the following links:
Website
Whitepaper
Telegram
Bounty
Author: Binar Bumi
Bitcointalk Username: binar234
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245
Eth Address: 0x573E9730fe386661F91D9189A0330ce577df0175
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