FORESTING A BRAND NEW SOCIAL MEDIA PLATFORM BASED ON BLOCKCHAIN

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One great revolution within the 21st century is emergence of social media. Social media has virtually taken over every aspect of our lives including our way of communicating and even our societal and political systems. Currently, more than ¾ of the world uses one or more social media platforms. Today, people who in the past, could not have their say within a country can now do so and within a couple of minutes, their message has spread all over the world. This tells how important social media has become within our society now and there is no doubt the world cannot live without it.

However, almost all the social media platforms that exist today are centralised and users are given nothing for their contribution to the platform. Every social media greatest asset is the users and the content they create in the form of articles, shared videos, etc. These platform owners get billions of dollars from users activities on the platform. Have you ever wondered why these social media platforms keep looking for more people to join????

Moreover, with the current centralised platforms, users information /data is at risk. Users’ information can leak out into a wrong hands. Most content platforms again use users’ database to earn advertisement revenue where advertisers collect users’ data to increase the efficacy and efficiency of their advertisement.

This is where foresting comes in. Rather than creating pursuing profit-focused platform, FORESTING will create a content-centered platform that will generate direct content revenue.
Again, for traditional content platforms that depend on ad revenue, they use traffic as a value measure for content rewards to expose advertisement to more users and hence compromise on the quality of the contents. Foresting will ensure quality content by using a voting system rather than traffic-oriented content valuation.

THE FORESTING NETWORK

Blockchain technology and bitcoin erupted out of the idea to ensure fairness in distribution. This idea has gone down to other areas of human life such as in social media, culture and society. Foresting network was borne out of this idea: solves the asymmetry of information that is prevalent in our society, pursues fair contract and distribute them according to their ability, and shares active contributions with one another.

Foresting is a blockchain based platform which consists of three components;

‘Foresting’- Social Media
‘Foresting Bank’- A digital banking services for foresting participants
‘Foresting lab’- to support the foresting community and content creators

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‘FORESTING’- CONNECTING THE WORLD AND MAKING LIFES MORE VALUABLE.

Foresting platform is a blockchain powered social media which is built with the idea to ensure fair value distribution among users. The platform will be available to all persons with or without prior knowledge in blockchain or cryptocurrency. Unlike the traditional social media system where users create the contents of the platform but receive nothing in return to help build the platform, foresting offers otherwise. Foresting recognizes that users are the primary contributors in building the platform and hence will be rewarded accordingly. Content creators will be rewarded base on users’ interaction with their contents in the forms of like and comments

The platform will enable users to connect and interact with each other. Users will be able to share all forms of information being it audio, images, videos, texts, or live broadcasting

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CORE FEATURES OF FORESTING

Foresting social media platform understands the current challenges with both traditional and blockchain based social media platforms and it is hence built with the following core features;

User friendly UX¨/UI
Device optimization
Categories for social media
Supports all forms of content.

CORE STRENGTHS

Synchronising preferred exchanges
Masternode=based P2P Transactions
Coin shooting (donation for content creators). Sometimes one may come across a particular content on a social media and may wish to go beyond this liking the content but there may not be any other means. Foresting gives an opportunity for users to donate to content creators in the form of PTON
Open market for advertisement. Foresting will provide an open market where advertisement agencies can post their advertisement content or advertisement proposals or communicate with content creators who meet their requirement. Content creators can also earn by selecting the advertisement they want and posting on their content pages for profit.

FORESTING BANK- ‘CREATING A UNIQUE CREDIT RATING SYSTEM’

This is a digital bank which will support content creators and curators to create contents on the platform. It is meant to provide financial support to content creators and users to enable them focus on creating contents on the platform.

Users activities such as creating and providing contents, commenting, liking and sharing will be evaluated and based on which the user will be provided a variety of financial services. Unlike the traditional banking system that uses financial history for credit rating assessment, Foresting bank uses social media activities for credit rating assessment.

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FORESTING LAB- ‘INNOVATING YOUR DREAMS’

This is meant to support the community and marketing activities. Foresting lab will provide the needed infrastructure and equipment such as camera, microphone, etc for foresting users to help create quality content for the platform. The foresting lab will run an offline collaborative space which will be accessible to every user on the Foresting platform.

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PTON ECOSYSTEM

PTON is a coin used in FORESTING. The market pool of PTON will determine the value of the reward pool for the participants that contributes to FORESTING in the form of creating content, etc.
The initial FORESTING system is built on Ethereum network until FORESTING launches its mainnet. 24 billion PTON tokens will be swapped with mPTON coins in 1:1 ratio the the launch of the mainnet. For more information of the PTON ecosystem, read our whitepaper.

ICO PLANNING

A total of 24billion ERC 20 based PTON token will be issued, with 40..of the total token set for sale. After the launch of the FORESTING mainnet, ICO participants will receive the swap through the listed exchange wallet or the foresting wallet.

General Information

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