It is no longer a doubt that with the increasing use of smartphones, there is a substantial increase in the number of digital photos that are clicked each day. A recent report show that there were 1.2 trillion photos clicked in 2017 alone. And by 2020, the number of photos captured will easily surpass 2 trillion. All of this can be owed to one single reason- the growing affordability of smartphones and the increasing competition in the digital world.
Selfllery comes into the picture by leveraging this sudden increase in photo generation. It has built a social media platform that monetizes your photos, videos and gaming streams. Founded in 2016, Selfllery allows users to post photos and other visual content, and receive rewards in cryptocurrency for their contributions to the platform.
KEY FEATURES OF THE PLATFORM
Some of the key features include the revenue model, Charity, Promotions, ratings, photoquests, photo contest and a marketplace for Products and Services.
The revenue model is based on the YOU token which facilitates the purchases in the Selfllery marketplace and stock gallery. The user can also donate to charities, and make internal transfers from the Ethereum wallets. The rating system is influenced by the total number of received likes, the number of comments and views of the user photos. This is to indicate the popularity, which appears on the user’s profile. It plays an important role in their token multiplier.
Website : https://tge.selfllery.com/
Selfllery has incorporated a charity program where 10% of the profits are donated to these charities. In addition, the user can also fix the amount of charities that they are willing to donate.
Photo quests and photo contests are basically games and contests to make the portal more engaging to the user and attract attention to the brand. Participating and winning in these contests increases the likes, which in turn reflects on the YOU tokens or other cryptocurrency earned by the user.
ICO
The tokens of Selfllery are denoted by the symbol YOU. The ICO Token Price is fixed at 1 YOU=0.001 ETH. There is a total of 55 Million tokens that are created out of which the available Tokens for Sale are 64%. The minimum goal (soft cap) is 10 000 ETH and the maximum goal (hard cap) is 55 000 ETH, There is an minimum purchase amount : 0.1 ETH
There is also a reward Fund has been established to support early users during the first year of the Selfllery platform operation.
Selfllery also charges a nominal fee for the use of portal. For services such as Sale of products and services, Sale of photos in stock gallery, Advertising campaigns, photo contests, photo quests or Promoting smart contracts comes with a marginal fee.
TEAM AND CONCLUSION
The Team consists of developers and blockchain specialists. The founding team has Vadim Onischchenko-Founder and CEO Vladi Krakovetskyi-COO/Business Development Rami Khodorovsky-Project Manager and many notable advisories.
Selfllery has created a one of a kind ecosystem in a streamlined manner where they monetization Visual Content by rewarding cryptocurrencies. They are the first platform that is trying to leverage the advantages of blockchain into the digital photography market and have been seeing a spectacular response since the time of their inception. Visit their website for more information.
For More Details Visit :
Website : https://tge.selfllery.com/
Whitepaper : https://selfllery.com/wp/selfllery_whitepaper_en.pdf
Published By: aritonggil
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