An eye opener, how Facebook, Twitter and other social networking platforms make money from you.
I don't think it wrong to say, current social media websites are using we people as their products to earn money for them.
Let me explain it briefly, there are 277 million users on LINKEDIN and a similar number of people are on Twitter, more than 1.2 billion people are on Facebook then we have Google + which holds at least 540 million users not only this other networking sites too hold large number of users and such a huge volume is the short answer to your questions.
"You may ask, how can these companies make money from we people?" you might be thinking if you are not paying for the product, then there is no product, the product is none other than you. Here the real transaction is not the enjoyment you are getting there through distraction created by a media company at large expense. But the media companies are renting your eyeballs to the advertisers. Here I will provide you an example of those people who are fond of watching television serials. CBS doesn't come up with a new episode strictly every week but the demanding users are entertained passively it is because you and other millions of people watch that episode and thus pay some subconscious attention for some period of time to the commercials which are intercepted through it. Similarly there are some other organizations which use different methods to grab the attention of customers towards their products. Media companies are interested in pleasing the brewer before the viewer.
Same is the case with social media companies this goes double, if not quadruple. If you are not aware let me surprise you by a fact that your account contributed $5.32 to Facebook last year just imagine how much revenue does these companies earn from you and the amount of revenue is increasing year by year. I just provide a little info, it is not just the case with the above mentioned other social networking companies are making huge volumes of money by using you as their product. In the internet sector another way of earning revenue is the revenue which they get through advertisements. Internet firms like Amazon, flipkart, eBay etc operate online marketplaces and derive revenue from premium postings and commissions from sales on their respective platforms, reducing the importance of advertisements.
Here my main objective is to open your eyes, as I mentioned above the internet companies are making huge volumes of money from you by using you as their product, and what you get from your work time and money?
I am not saying that you are not paid anything, if these companies are not paying you the value of your data and every click you perform here but at least these have made the world a global village and broke all the boundaries and borders and you can communicate with ease.
But how good it would have been if you were paid for every click, another drawback of these companies is that these are not paying the respect which your privacy deserves.
If you are fed of all this and want to get the full value of your data and every click you perform here on internet.
"Sphere is different platform, join and feel the difference".
Sphere is the next generation decentralized social network. Which is designed on some fundamentals which remains the top priority of almost all the internet users. Which are privacy, company transparency and data security. As I mentioned above the current social networking websites do earn huge volumes of money but doesn't provide the requisite respect which we the users deserve. Moreover, our data and our browsing is easily accessible so it might not be wrong to say that there are security and safety concerns as well. But here on sphere your privacy is respected and is given the top priority so you can feel free to share whatever you want to share with your nears and dears at will without any fear. Not only this, as I mentioned earlier that other social networking companies like Facebook, Instagram, Twitter etc earn money from your activities and you get nothing in return. But here the scenario is not the same you get compensated for your activities, not only this you get the power back with every connection and every interaction.
TRADE ON THIS PLATFORM
With some vital e-commerce properties incorporated sphere will make it easy for the registered users to use this service as a medium for the advertisement of their products or services with other people who can purchase your products and services using SAT as the currency.
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Now you might be thinking what is SAT and how it can be used for trading purpose.? SAT is the new digital currency used by sphere and it was launched on 12th of February 2018.
If you are going to sell any of your products here, you just have to upload that on your profile and set a price tag, the user interested in that product will simply click the purchase button and pay you the selected amount of SATs and the SATs will be directly credited into your wallet. Currently the value of 1 SAT = $0.14 USD and is believed to touch great heights. SAT tokens must be maintained in an ERC20 compliant Ethereum wallet to take advantage of the rewards.The wallets which can be used to keep SAT tokens are myetherwallet, mist and parity. SAT will be tradable on several exchanges.
JOIN BOUNTY EARN SATs.
Sphere is currently providing an awesome opportunity for the users to earn SATs. Sphere invites people to participate in the project and help to promote the concept through posts about sphere and each user will be awarded with SAT tokens, the amount of SAT allocation will depend upon the effort you put on your posts and the quality of your writing. The SAT tokens will be awarded after the end of sale.
Bounties to contribute.
Reddit bounty.
Sphere signature program
YouTube bounty
Facebook bounty
Twitter bounty
Medium bounty
Blog bounty
If you want to get all the details of sphere bounty program please click here
If you haven't joined this platform yet please click here to join on the main website or you can click on my referral link to join.
Fund distribution and ICO details.
Currently Sphere is going through ICO (initial coin offering stage and here is the best opportunity for you to buy SATs at low rates and go for a beneficial investment.
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- The fund distribution will take place as per the following schedule.
Moreover if you want to use the sphere mobile app which is already out on Android play store IOS stores. Just click on the links below and get started.
https://play.google.com/store/apps/details?id=com.sphere.social
https://itunes.apple.com/us/app/sphere/id1286518526?ls=1&mt=8
That is all for this blog please don't forget to read my next.
Thanx!