FORESTING: A Decentralized Social Media Platform rewarding every content posted and activity initiated
The real value of a social media platform lies on the number of content, community and activities going on inside. And most of the time, the overall success of such platform is mainly because of the contribution of its community in the form of added content and the interactions among other members being born from such content.
In this digital age, some of our time is spent on our individual digital platform community we belong to. Be it in a gaming community or a social community, we have already placed enormous importance on our digital lives that it is slowly becoming a part of our ordinary, everyday lives. And because of this, we strive to make our digital lives equally appealing to our digital audience and so we make and post contents, interact with other members’ content and ended up making the platform we belong to richer every day without us gaining a little aside from an established digital presence.
To put things simple, it is rather the community that is bringing success and profit to a platform. But in a centralized setting, only the makers and administrators get to enjoy such privileges but with the rise of Blockchain technologies this has finally come to a halt. Belonging to a digital community or a social media platform will now finally be both fun and a profitable activity to many users. With Foresting, just by being active in a social media platform, one can now gain appropriate credits and rewards for every content shared and activity done.
Foresting is a revolutionized Blockchain-based social media platform that puts the interest and rewards mainly to the main success, fame contributor and real platform owners, its users. Users can now gain appropriate credits and rewards for each content posted and activity or interaction initiated or being a part with. Foresting has placed so much importance in giving back to its users getting away from the norm of how media platforms gain much more from its users without giving back to its community.
Foresting makes content into currency possible. Every content owner will benefit from the fair distribution system of Foresting where contents are evaluated and owners get to be rewarded based purely on the quality of content and the number of traffic or interaction, or simply how far such content could reach. This eliminates fraud from spam posting and highlights the importance of quality rather than quantity.
This initiative by Foresting aims to provide its community another outlet to earn simply by doing a simple past-time activity that needs a few clicks. This way, no time is wasted and people can enjoy life more from working less yet earning some extra bucks.
Existing challenges
Current social media platforms works in a centralized architecture where they get to increase their name and profit out from the various contents their community have contributed. Without having much opportunity for giving credits back to the real content owners, traditional social media platforms are simply exploiting their respective communities.
Community posts, traffic generated from the community’s interaction with each other, its community’s profile information are just of the valuable assets traditional social media platforms tend to exploits. Aside from the contents posted by the community, what makes a social media platform one good business is the amount of information it has from its community that are of great value for many advertising companies.
Such scenario is just one of the many instances how current social media platforms get to make use of their centralized authority and power.
Personal Information Leakage and Theft is not something new in this digital era. Even huge companies such as Yahoo and Facebook suffer from such mishap. And for a digital platform such as them, such issue is one threatening occurrence that has the tendency to easily break down the empire they have tried to build for so long.
Security is probably the most important thing that ever digital user would like to receive as a service from digital platforms. This way, users are guaranteed that they are being valued by their respective community administrators. With Foresting, all information will be stored in the Blockchain where it can only be retrieved by the appropriate information owners. No information can be easily trampled for the Blockchain is immutable. This makes the Blockchain of highest importance in the implementation of the Foresting architecture.
In relation to information leaks, another challenge the traditional social media platform has that Foresting would like to address is the advertisement abuse and an unfair value distribution where content creators never get the chance to gain credits and rewards.
The Foresting Network
The Foresting Network is comprised of three pillars: Foresting Social Media, Foresting Bank and the Foresting Lab.
The Foresting social media is the blockchain-based social media platform intended to break the barriers of the traditional. This is where Foresting get to provide a fair value distribution to its community who are the real owner of the platform. Users get to create contents in multiple forms.
The Foresting Bank provides and supports all content creators by providing financial services and a digital wallet where rewards and credits get to be sent and stored.
Lastly, the Foresting Lab fosters the great ideas and contents of the content creators and the community.
Foresting Social Media
The Foresting Social Media performs more than creating a special bond and connection between its community. The Social Media will be the outlet where Foresting can hone the skills of every content owner and reward them for a job well done. The rewards system will greatly improve the quality of every content posted and the release of new contents.
To ensure everybody gets to be rewarded fairly, the value of content will determine the amount of compensation rather than the number of contents created and posted.
Foresting Bank
The inclusion of Foresting Bank to the platform will help creators to focus more on creating quality contents rather than finding where to receive financial services out from it. All necessary financial transactions will be carried out with Foresting Bank such as the provision of rewards. As stated beforehand, the amount of reward is composed of several factors, from quality of content to the amount of activity, the image below shows the credit rating method of the Foresting Bank.
Foresting Lab
Foresting Lab is where ideas come to life. It is a collaborative space where ideas to help expand the community will be tackled upon. This unique space within the platform is a personal arena for content owners to challenge themselves to create better contents and initiate contents that have never been posted before.
The Foresting Lab is also fully equipped with the necessary equipment such as cameras, microphones, lights, speakers and instruments to start their pitches.
How it works: Foresting App
The Foresting App is where everything starts. Its user friendly interface makes social media and content creation really easy with just a few clicks and taps. One can start earning right away. The application is optimized to share texts, images and videos seamlessly to incorporate the lifestyles of ever user in the platform.
The image above shows a simple representation of transactions happening within the Foresting platform.
Core Features
Foresting offers benefits out from its solution. This includes real-time trade and exchange capabilities, Point-to-Point enabled transactions, Sponsor capabilities and open market advertising.
Foresting Token Sale Details
Token: PTON
Price: 1 ETH = 33,333 PTONs
Platform: Ethereum
Soft cap: 90,000 ETH
Hard cap: 170,000 ETH
To get the latest updates on this ICO, visit their official social media pages and view their website and whitepaper.
Website: https://foresting.io/
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
ANN Thread: https://bitcointalk.org/index.php?topic=4932181.0
Twitter: https://twitter.com/foresting_io
Facebook: https://www.facebook.com/forestingHQ/
Telegram: https://t.me/foresting_global
Instagram: https://www.instagram.com/foresting.io/
Medium: https://medium.com/foresting
Youtube: https://www.youtube.com/channel/UCGgXs74rn_BuE90CH1qYBPA
LinkedIn: https://www.linkedin.com/company/foresting/
Author: Hypervira
Author Link: https://bitcointalk.org/index.php?action=profile;u=1419911