Monoreto - A Social Network With Monetization Of Likes

Blockchain seems to be just about everywhere these days. Cryptocurrencies are usually the first association that people have when they hear the word blockchain. But it is something that is entering many more specific parts of our lives. One of the things that makes blockchain attractive is the level of transparency that it brings. With transparency comes accountability and in the wake of the recent scandal involving 87 million Facebook users’ data being inappropriately shared with Cambridge Analytica, these are things that more and more users are likely to care about when it comes to their information.

Facebook was already seeing a decline in users before than scandal hit. Since the beginning of 2018, changes have been implemented with the newsfeed and advertisers have scrambled to figure out how to make sure their content remains lucrative.

Another thing to take into consideration is Big Data. Companies are researching social media pages for marketing purposes. Their approaches are getting more aggressive because the information they are able to seek will give them tools to end up earning more money from what users are willingly (but possible unknowingly) ready to share with anyone who is out to find it.

As social networks create algorithms, advertisers work to crack them and other parties interested in user data are also exploring ways to get what they want. Again, the transparency that blockchain provides could be a way for social media networks to offer their users something more and make them feel safer and less used. A move from ad-based platforms to ones that run on blockchain would lead to users having total control over their data and being able to choose with whom to share that data, if with anyone at all.

Giving users more control over their content is something that serious social media companies are going to have to consider as times change and users start demanding something more from them. Monoreto is a blockchain-based social media network that pays users for quality content by charging users for the likes they give. This enables quality content to earn money for its genuine popularity. Transparency and practicality just can’t be beaten.

Chances are you have a social media account or know someone that does. As social media accounts grow in popularity and, among certain people, in necessity, so, too, do questions about personal privacy within the framework of using these social media platforms. Whether it’s information about your relationship, your children, travel plans, or even basic personal interests, there are a lot of things that we are willingly sharing with the world that might just end up posing problems from us and the people we care about.

There are many reasons that people choose to have private accounts. These include not wanting to come across as being judgmental, not letting others know who follows you, and maybe even feeling insecure. Ultimately, it is the user’s choice whether to have his or her account be public or private. It’s important to know, though, that having a private account isn’t a guarantee that unauthorized people won’t be able it to access it. And if you choose to have a public account, you should be smart so as not to jeopardize, say, your job.

Probably one of the most obvious tips when it comes to privacy is to watch what you post if you have children or work with them. A father was recently scouting out preschools for his child and remembered from a public post years ago that a quite opinionated woman mentioned that she worked at this school. Turns out, she still does, and, though she no longer mentions it on her personal page, she does include quite provocative photos of herself that probably wouldn’t make any parent feel particularly comfortable about her teaching their young children. Somehow, this has slipped through the school’s filter for now. In any case, that father chose to go against the school and actually ended up using the more appropriate public social media profile from another school’s teacher as guidance in making the choice he did.

There have also been instances of people’s posts being reposted by others and those other people ending up getting money from the posts. The original poster, who should, in theory, have rights to what was posted, walks away with nothing. It seems so wrong.

Monoreto is a social network that wants to reward users posters for their original content. This is a social network where users pay to like the posts that they really like and help boost the creators of original content and reward them in the process. Users who pay to give likes also move up in the feed.

About Monoreto
More than 2.5 billion people on Earth use social networks every day and post a variety of content. However, only a small percentage of them are able to monetize it with annoying advertising.

To solve this problem, the Monoreto team offers a platform that helps all users earn from using it. Every like will bring the creator of the photo or video liked at least 5 cents in Monoreto tokens.

This idea is very simple. Yet, many people still don't believe that such platforms have viable models. That is because they don't understand why they should give money with likes.

A lot of mechanisms to motivate giving likes and spend tokens are the main innovation of Monoreto:

• when you put likes you also promote your own account in the newsfeed (along with accounts that receive many likes)

• if you put many likes you can get a part of Monoreto's weekly profit

• if you can transfer tokens with a "like" it is much easier to raise funds for businesses. Monoreto is a Kickstarter with zero transaction costs. When you see a great project and tap like button you can get some benefits from it (i.e. being among the first who get the product, visiting this project events as VIP or whatever else)

• same goes with charity. People do want to help each other. But if it is not too much time-consuming and difficult. In Monoreto one like can help people and even save a life

• by liking photos, you participate in forecast competitions. Like photos with a certain hashtag or from a certain category, and if they get the majority of votes (likes) you win and get prizes

• Monoreto makes it possible to hold online quizzes just like in HQ Trivia. The main distinction, in Monoreto there is no need for ads. So, a winner's pot in Monoreto online quizzes can be made from small users' contributions (1-5 cents or more)

In this way, Monoreto goes further than existing platforms with monetization of likes. The team creates a social network that will make the process of transferring funds as easy and profitable as possible. That is why the number of Monoreto's use cases is limited only by our imagination.

The idea of Monoreto was born out of a simple question: what if you were able to transfer funds in one click?..

As we saw, people are sociable but very lazy.
Seeing a nice picture or reading a useful article, we’d be happy to encourage the author. Discovering a post with a cry for help, we would love to come and stretch our hand.

But — we’d prefer to do so in one click.

Monoreto is a magic button on the internet which turns money transfer into an easy thing.
One tap on “Like” becomes a coin in your pocket

So, in conclusion. Monoreto is a platform that helps users earn from using it without intermediaries. Each like costs at least 5 cents in tokens. By giving likes you promote your account in the newsfeed (as well as by receiving likes), get a part of the platform's profit and other benefits. Zero transaction costs and all the mechanisms to motivate liking mean a lot of use cases (direct profit without ads, crowdfunding, charity, online quizzes with cash prizes etc).

What Problems Does Monoreto Seek To Solve?
There are a number of cryptocurrency projects seeking to solve issues with existing social networks. Which problems is Monoreto trying to solve? Here are some of the problems mentioned in the Monoreto whitepaper:

● Centralized social networks do not monetize the content of their users; users do not receive compensation in exchange for the value or content they provide to the platform

● Social network users have little incentive to participate in the platform; there’s no reason to post on Facebook, for example, when you can just “lurk” instead

● Social networks are filled with advertisements, making it difficult for social media users to find genuine content amidst so many ads; many people are leaving social media networks because of the excessive number of advertisements

● Content theft on social media networks is common, and the copyright owners of music, films, photos, and books face difficulty removing their own content from social media; someone might generate millions of views from unoriginal content, for example, that they stole from the original content creator

Ultimately, the big issue Monoreto is trying to solve is that today’s social networks don’t encourage innovation or creativity. Even a talented creative professional has little reason to upload content to existing social media networks.
Monoreto wants to solve that problem.

How Monoreto Blockchain Social Network Coin Works
Monoreto aims to solve all of the problems listed above by “creating the world’s first generous social network for every user on the planet.”

The key feature of Monoreto is that users receive MON tokens for each like they receive. Every time you post a photo, video, or update on Monoreto, you have the opportunity to earn real money for each “like” you receive.

The goal of implementing a paid-like system is to increase the significance and value of likes. Likes are no longer just an arbitrary way to recognize someone’s accomplishments on social media. They’re a way to transfer genuine value.

The cost of a like in MON tokens will be the USD equivalent of 5 cents ($0.05). In other words, you’re going to need to spend $0.05 every time you like something on Monoreto.

All Monoreto transactions take place using special wallets connected to personal user accounts. It will be possible for users to convert received MON tokens to cryptocurrencies like bitcoin, Ethereum, and others. You can also convert MON tokens to the other Monoreto token, MNR, which is available for purchase during the ICO.

Monoreto aims to function like a blend between Facebook, Twitter, and Instagram. It will have core social networking features like live video broadcasting, a timeline of posts from people you follow, and the ability to comment on content. Your network will likely consist of more than just people you personally know, however: Monoreto is building itself as the ultimate blogging platform, allowing people to share their creative skills with the world.

How Does Monoreto Use Blockchain Technology?
Up to this point, we haven’t talked much about blockchain technology. Monoreto will use blockchain technology for its social network. Specifically, the team is using the NEM blockchain to launch its MON cryptocurrency.

Monoreto doesn’t seem to be based entirely on a decentralized blockchain. Instead, the social network is built as a traditional application while using blockchain technology for transactions.

That means Monoreto users can publish posts for free while still enjoying the benefits of secure transactions. The application will interact with the NEM blockchain via the NEM API.

Monoreto also plans to offer a REST API to developers. That API will be similar to Facebook Group. All applications on Monoreto will receive their own unique ID number. Monoreto will ban any low-quality or scammy applications.

Main distinction between Monoreto and Instagram

Instagram
Traditional social networks do not pay their users for the content generated.

Monoreto
User receives MON-tokens
for each like got!

Use Cases

-Blog and earn
The price of a Like in MON tokens is tied to the equivalent in US dollars — 5 cents.

-Like and become popular
Like more and get into the Monoreto Top.

-Raise funds for your start-up
Like monetization allows to raise funds and invest.

MNR Token

MNR is ERC20-compliant app token with limited emission. Each Like promotes your account in the news feed along with popular ones. Besides, you can pay by MNR for advertising on the platform. The possibility of convertation of MNR to internal tokens MON in equal proportions after the launch of the platform is under consideration.

Token info
Token | MNR
Platform | Ethereum
Type | ERC20
PreICO price | 1 MNR = 0.025 USD
Price in ICO | 1 MNR = 0.05 USD

BONUS
Pre-ICO bonus - 50% (10.05 -10.06)
ICO bonuses - up to 20% (15.08 - 30.09):
15.08 - 20%
16.08 - 17.08 - 15%
18.08 - 28.08 - 10%
29.08 - 10.09 - 5%
11.09 - 30.09 - 0%
Tokens for sale | 500,000,000

Investment info
Min. investment | 0.1 ETH
Accepting | ETH
Distributed in ICO | 63%
Soft cap | 200,000 USD
Hard cap | 800,000 USD

Roadmap
1
Q2 2017
Research needs of market.
Research of platform launch on the international market.
Creation of draft platform design.

2
Q3 2017
Development of marketing innovation mechanism inside platform Monoreto.
Resolving questions of technical realization of the platform and its scaling.

3
Q4 2017
Preparation to blockchain technology use in project.
The beginning of work on Whitepaper.
Engagement of consultants.
Project introduction to potential users.
Development of ITO campaign for raising funds.
Overview of technological solutions of the platform and its positioning.
Development of media plan and marketing research.

4
Q1 2018
Beginning of marketing campaigns on tokens sale.
Organization of Monoreto’s community.
Presentation of project and integration into mass media.

5
Q2-Q3 2018
Presentation of functional core of platform.
Start of fund raising to bring product to world market.
Presentation of project to holders of tokens at international level.
Completing distribution of tokens.
Beta-version of product.

6
Q4 2018
Monoreto Investment.
Launching escrow system.
Smart contracts within the platform.

7
Q1-Q3 2019
Unlock 20% of tokens for first users from platform development fund.
Designing effective smart feed tools to promote users.
Developing mobile application.
Translation to additional languages.

Team
-Kirill Granev: CEO, CO-FOUNDER
-Artem Vishenin: Co-founder
-Mikhail Sochivets: CTO
-Mikhail Bondarenko: Director of Marketing and PR
-Valentin Nagovitsyn: Art Director
-Konstantin Modestov: Software Architect
-Dmitriy Torshin: Blockchain Developer
-Andrey Vinnikov: Chief Developer
-Alexandra Solodyankina: Core Developer
-Anton Chervenko: Big Data Scientist

Visit Monoreto on:

Website: http://monoreto.com/
Whitepaper: http://monoreto.com/resources/Monoreto_WP_ENG.pdf
Telegram: https://t.me/monoreto
Facebook: https://www.facebook.com/monoreto/
Twitter: https://twitter.com/MonoretoSocial

Author

Bitcointalk Username: Kingsraid
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1936096
ETH Address: 0x2611c981AdAb7109E26D0C1798e7B7F20764d5A3