In this post, I review SELFLLERY ICO.
Basic info:
There are several services on the market that credit cryptocurrency tokens to their users for social activity. It works like this: when users receive a Like on their photo or post, they get a certain number of tokens.
For example, users of Steemit, a decentralized social network, receive rewards in Steem tokens. Steepshot, and the PhotoSteem applications developed on this social platform, give users rewards in Steem tokens for the likes they receive on posted photos. Here the monetization of photo content is limited as the only way to receive tokens is to get likes. [3]
Below is a table summarizing important data:
Main Objectives [3]
- Enables users to monetize their photos, videos and live streams in a gamified way;
- Supports charitable organizations and makes donations easy for users;
- Provides companies with easy-to-use and effective promotion tools that involve user photos;
- Expands the market of photo and video content for companies and news services, with a convenient search functionality;
- Integrates modern technologies and capabilities of blockchain into the digital photography market, increasing the transparency and security of its transactions.
YOU Token
The YOU token entitles its holders access to paid services on the SELFLLERY platform, to make purchases in the SELFLLERY marketplace and stock gallery, donate to charities, and make internal transfers and withdraw tokens to Ethereum wallets.
SELFLLERY Business Model
SELFLLERY serves as an AdTech platform for companies and individuals who want an effective way to promote their products and services to platform users or buy photos for use in advertising campaigns. SELFLLERY offers the following advertising models : CPA, CPC, CPV [3]
Reward Distribution [3]
- automated rewards in YOU (SELFLLERY money) tokens for Likes received
- an opportunity to sell photos in stock photo
- rewards for participating in advertising campaigns
- prizes for photo-quests
- rewards for participating in photo contests
- boosted multipliers for getting into the top-ratings and for frequent social activities.
PROS
- For people living in third world countries, where the banking system is on a constant downward spiral, earning cryptocurrency via content sharing has the potential to change lives on a global scale.
- Brings cryptocurrency to the masses
- Working app
CONS
- The team needs more blockchain competencies
- Strong competition
- I could not find total supply
Source:
[1] https://tge.selfllery.com/
[2] https://selfllery.com/
[3] https://selfllery.com/wp/selfllery_whitepaper_en.pdf
Disclaimer: This is my personal opinion, I am not giving biased recommendations. The article references an opinion and is for information purposes only. It is not intended to be investment advice. All information in this blog post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
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