Foresting is a social network based on a blockchain that distributes profit generated within the framework of the platform between users. That is, money goes to those who are the true owner of content and contribute to the development of social networks
The key idea of Foresting
The main idea of the project is simple: if you contribute to the development of the platform, then you must receive a portion of the profit that was generated by the network. Which is quite reasonable, because successful social networks have become so not so much due to advertising and successful solutions of programmers – Facebook is still terribly slow, and its interface is too congested – how many thanks to users who fill the social network with interesting content. And what is most interesting – users do their work (and this is really work) for free. Millions of videos in Youtube, tests in Facebook and photos in Instagram are laid out without any compensation. Foresting team decided to remove this injustice by creating its platform where the profit will go to those who most promote the platform. That is, if you posted a video in Foresting, which will be wildly popular, then you get a lot of money for it. If only his friends look at you, you will get the money, but only a little bit
the scale of penetration and use of these social networks differs depending on geography and demographic factors. Understanding these differences plays a big role in targeting a particular audience. Comparing the most popular social networks, it is important to pay attention not to the number of registered accounts, but to the number of active users
‘’ Did You Know ‘’
www.icobench.com has rated Foresting Platform 4.3/05 and this rated amount considers as one of highest ratings results for a project , here is the one of icobench.com experts comment about the project
Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
‘’ What Foresting is trying to achieve is indeed something that will benefit the common man. The big corporations have made the end user the product and that is why we are able to use social platforms like Facebook for free. That’s because we are the product. Though this has been tried before but if the Foresting team can execute it better than the others, I think it will bring some equality and people would truly be able to own their own data and content ‘’
Project information
FORESTING is a platform based on blockchain technology, which is a system of distribution of traditional platforms of social networks. It is a platform for social networks to communicate and exchange information. The project was created to provide services that are understandable and simple for all users. Foresting is designed to create a network by distributing revenue through the intelligent creation of content and careful evaluation of the user’s content. One of the goals of the project is to demonstrate the current market of coins in real time in the application
Foresting platform components
FORESTING network. This is the heart of the idea of developers – the social network itself with a unique income distribution algorithm. It will be created on the basis of the blockchain and the latest achievements of marketing and IT technologies, including in terms of developing the simplest and functional user interface. This is a special bank whose client rating will be based on the quality and popularity of the created content, rather than on a credit history or ledger. It is assumed that with the help of such a bank, users will be able to focus on creating content, not thinking about how to monetize it. The number of financial services will be the same as in conventional banks, but their accessibility to a specific user will be based on his rating – the more significant contribution to the development of the social network, the more services are available. FORESTING Lab. This is a separate cloud from the network, where users will be provided with tools for creating content. That is, video editors, photoshop analogs, programming tools and the like. Of course, all the functionality will be imprisoned under the social network Foresting
The advantages of the project
Content support
The project is entirely aimed at using blockage to help users retain their intellectual property, and rightly monetize it. With this feature, users are provided with the best technology for downloading content, or arranging several pieces of content
Easy exchange of tokens
Foresting plans – to allow their users to earn, creating unique and valuable content, thereby providing a secure conversion site for profit
Custom UI
One of the goals of the project is to create the most convenient interface for its users. This unique UI will become intuitive and friendly, and will not create any problems for newcomers to the site
Confidentiality and safety
One of the main aspects of blockade technology is its decentralized nature. This feature ensures maximum privacy and protection of users, since no one can control the operations carried out on it.
Optimization for various devices
Foresting creates a diverse ecosystem that integrates into the different lifestyle of different people. That is why the availability of the service on all possible devices is a vital necessity.
Now let’s talk about the positive aspects of this platform.
Positive
The new PTON token stimulates the creation of high-quality and unique content
PTON is a Foresting platform token, and it is used to reward people for creating unique content, and is used by the Foresting application. It uses the Truffle Framework to automatically process and create smart contracts from testing to deployment
The voting system
Foresting in the future will acquire a decentralized voting system that attracts users to vote and limits the malicious use of this vote itself. For the votes cast, users will be rewarded with a PTON CREDIT and PTON token for their contribution
Openness of the team
Foresting is developed by a team of 12 people who fully and enthusiastically devote themselves to the development of the project. That is why we can say that they are very likely to complete their project according to the road map, with no timeframe
Economics and Security
The financial platform system is built around the PTON standard ERC-20. This is a utility token that will be used for all financial transactions inside the platform. The money between users of the social network will be distributed through Reward Pool. This is a kind of “pool” in which most of the profit generated by the platform will merge (after deducting the costs of maintaining its efficiency and money for development), and then using a special formula, these funds will be distributed among users. The money will go not only those who create content, but also to supernod holders and users who commit all sorts of activities: likes, comments, reposts and the like.
The Conclusion
The team has a good idea, but how they will entice users into their social network – it is not indicated in the vaultpeed. One reward is not enough, because popular in other networks, users already profit through advertising, referral programs and other methods of monetization. They have everything set up and it is not yet clear why they need to change what is already profitable for the sake of what might bring profit in the future
for more, Bounty link : https://bitcointalk.org/index.php?topic=4931943
Official Website: https://foresting.io/
Facebook: https://www.facebook.com/forestingHQ/
Twitter: https://twitter.com/foresting_io
Facebook: https://www.facebook.com/forestingHQ/
Twitter: https://twitter.com/foresting_io
My user details
bitcointalk username : waru
Facebook username : Hiruni amanda
Twitter username : @warunaakalanka
bitcointalk username : waru
Facebook username : Hiruni amanda
Twitter username : @warunaakalanka
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