Hello! It is not by chance that you opened this page, after reading this information, you will certainly be interested in this unique project and join it! So! FORESTING is the first social media platform with its unique content creation lab and crypto banking service. Do not forget to check them out!
Almost every form of media that exists today is centralized, and social media that emphasizes a free lifestyle is no exception. Rather, they are not free from security issues, such as censorship, hacking, or personal information leakage.
The recent major disruption on Facebook's privacy has given us a strong picture of this. It revealed that about 87 million personal information records were leaked from Facebook and used for certain candidates during the last U.S. presidential election.
Making a profit is the goal of every company, so there is no reason why Facebook's business model should be criticized. However, users are complaining about the betrayal and withdrawing their trust because Facebook's business philosophy does not match the way the company operates. In particular, this is evident that Facebook has turned creative content made by its users of the horizontal network into revenue streams, creating a large, centralized conglomerate. What is especially unfortunate is that most personal information can never be recovered after it was leaked. This can cause secondary damage and criminal acts such as spam mail, identity theft, privacy breaches, and voice phishing.
Looking back on this case, the biggest problem is that most content platform providers use customer database to earn advertising revenue.
Rather than the content itself generating the primary revenue, the platform acts as an intermediary for advertisers, and advertisers are eager to collect the user database to increase the efficiency and effectiveness of targeted advertising by advertisers and advertising agencies. Facebook is already known to be a highly advertising-effective platform. This means that everything we do on Facebook used by every company using Facebook advertising.
Rather than pursuing a profit-focused platform, FORESTING will create a content-centered platform that generates direct content revenue.
FORESTING Network Value Chain
The FORESTING Network is set up with three departments. 1) blockchain rewarding Social media 'FORESTING’, 2) digital banking services for FORESTING participants are transformed into a direct payment from the ‘FORESTING Bank’ and 3) the ‘FORESTING Lab’, providing infrastructures and supporting content creators. While each department’s respective functions and roles are separated, the core values of the FORESTING Network remain the same. They were designed in a structure in which they interact systematically and create synergies. “Beat Your Heart!”
- 'FORESTING': Blockchain based rewarding Social media
- 'FORESTING Bank': Financial services for FORESTING Network participants
- ‘FORESTING Lab’: Providing infrastructure and supporting content creators
- Providing credit rating information
- Financial services
- Using infrastructure and creating better contents
At the heart of FORESTING Network’s three departments are the FORESTING users. The level of content delivery and platform involvement by the FORESTING user defines the scalability and impact of the FORESTING Network. The starting point for the FORESTING Network mechanism comes from the content providers and participants. It is also associated with the core value of the FORESTING Network, a fair world created by participants.
Blockchain Based Rewarding Social media 'FORESTING’
FORESTING is the platform's revenue chain that allows users to quantify the content provider's contribution to offer rewards using a distributed consensus method. FORESTING, which will open a new world, is a combination of 'Forest' and 'Networking', 'Connecting', and 'Interacting'. FORESTING is the primary social media, a blockchain with economic freedom for content providers. The platform will be able to increase the efficiency and impact of content providers by enabling them to generate new, faster content than traditional social networks. The platform will create a new ecosystem for social media through blockchain technology and a new concept of social media token operation.
FORESTING is designed to build a network by distributing income though reasonable content generation and on the assessment of the users’ content. It supports all types of content, whether it is text, images, videos, audio, or live broadcasting, and provides a social network based on a content-oriented rewarding service.
Roles and Structures of FORESTING
FORESTING is available to anyone without prior knowledge of blockchain and cryptocurrency. Anyone in the world can easily profit from FORESTING, and just being active within the platform is rewarded with PTON.
FORESTING, a new concept of social media, distributes the revenue generated by the content to all users who contribute to it. In FORESTING, content creators no longer have to rely on the funds from followers and advertisers. Instead, users can benefit economically just by getting ‘Likes' through the use of blockchain technologies and cryptocurrency. Blockchain technologies enable users to support content creators without losing anything, and users can also tap on incentives to post comments to other content creators or to 'Like' them.
Device Optimization
FORESTING is offering a new ecosystem that integrates people's lifestyles and income into a single mobile app. This makes it easy for FORESTING users to share and influence their content anytime, anywhere.
FORESTING will be designed for the users to share text, images, and videos easily. People can comfortably write comments, send messages, and navigate chronological feeds.
The content of FORESTING can spread rapidly across the public. It is uploaded and shared live, and will be a unique source of social media like Facebook and Instagram, which have seen hundreds of millions of viral downloads over the years.
Major Categories for Social Media
Most of the social media related to the blockchain, including Steemit, is focused on specific categories such as ‘blockchain’, ‘ICO’, and ‘Cryptocurrency’.
Given the concentration of specific categories, and only having about 1 million users, Steemit is more like a community service, rather than a real social media platform like Facebook, YouTube, and Instagram, that all have more than a billion users.
In order to be a real social media platform, rather than a community platform, FORESTING is focused on major categories, ranging from lifestyle to beauty, entertainment, and so on.
Open Market for Advertisement
In traditional social media, a company operating advertisements and campaigns accesses and uses the users’ databases through certain marketing tools. However, in FORESTING, advertisers and advertising agencies can upload their advertisements and advertising proposals to the advertising pool category or communicate with content providers that meet their respective articles and concepts. Content creators will be rewarded through the interaction of other users with their content such as comments and ‘Like’. They can also select the advertisements they want and post it on their content pages for rewards. That is, a content creator can make profit over a period of time. This creates a virtuous circle in which content creators try to create better content, while FORESTING users come across better content.
Value Model
The initial FORESTING system is built on the Ethereum network. As the project progresses, 24 billion PTON Tokens are swapped with the mPTON (tentative name) coins at a 1:1 rate after the mainnet launch. FORESTING Bank and PTON credit, which is a credit evaluation standard based on platform contributions that are connected with content creation and curation, will operate Token Economy.
Prior to the FORESTING mainnet launch, the rewards for content delivery until beta testing and operation of the super node are managed through the PTON Token payment assigned to the Reward Pool in Token Distribution. In addition, FORESTING conducts projects faster, more efficiently and more fairly through the board program that encourages participation by third parties.
In this regard, the value model to be covered in this sector is an evaluation model for the FORESTING network mainnet launch, the factors for the development of the PTON value model is as follows.
ICO Planning
The PTON token will be issued as a total of 24,000,000,000 (24 billion) tokens with ERC-20, with 40 % of the total token set for sale. ICO participants may receive the swap through the listed exchange wallet or the FORESTING wallet after the launch of the FORESTING mainnet.
TOKEN DISTRIBUTION
FORESTING Network will be based on PTON Token; an ethereum coin that is built on ERC-20. The majority of the token’s 24-Bn PTON issue will be for sale, while the rest will be distributed throughout the ecosystem.
ROADMAP
FORESTING has established in the early 2018 with the vision of giving back to users and we will have the grand launch soon in the upcoming days.
- 1Q-2018
- FORESTING Foundation
- Whitepaper v.0.5
- 2Q-2018
- Whitepaper v.0.8
- Yellowpaper v.0.5
- Private Pre-sale
- Blockchain Structure Planning
- FORESTING DECENTALK
- FORESTING TECH SUMMIT 2018
- 3Q-2018
- FORESTING HACKATHON
- FORESTING TALK CONCERT 2018
- Public Pre-sale
- FORESTING MEETUP
- ICO
- Platform Alpha Test
- 4Q-2018
- Whitepaper v.1.0
- Local/Int. Exchange Listing
- Platform Beta Test
- 2019
- Open FORESTING Web-version
- Mobile App(iOS & Android) Development
- Platform Grand Launching
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More information:
WEBSITE: https://foresting.io/
WHITEPAPER: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
FACEBOOK: https://www.facebook.com/forestingHQ/
TWITTER: https://twitter.com/foresting_io
TELEGRAM: https://t.me/foresting_global
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1705618