Social Chains is a decentralized and user-driven social media ecosystem of verified and trusted users that puts an end to the massive fakeness existed in the current social media platforms. The platform respects and awards users for their time by offering tokens, points and profit share based on the level of user activity. The tokens and points are
exchangeable with crypto or fiat currencies.
PRINCIPAL GOAL OF SOCIAL CHAINS;
-The principal goal of Social Chains is to have a decentralized database of verified and trustful connections. The process includes verification of email, phone, physical address, and a government-issued photo ID.
-Verification is vital as it will enable users to participate in public forums, contribute to posts, add contacts, and add public feeds. The platform of verified users is like a safe neighborhood.
-The community will own 60 percent of the issued tokens which empowers users in making critical platform decisions through voting.
They also want to Reduce Fakeness that is all the users of the Social Chains platform are required to verify themselves to gain access to the platform. This verification process will gather name, phone number, email address, state-issued Photo ID and a selfie for facial recognition. In the process, Social Chains will have a community that can trust each other which is good news for all users in the community.
They also want to ensure Social distribution of wealth related to user data. Socialchains.io is a decentralized platform of verified users with the aim of distributing the social wealth and adding value to time spent on the social platform.
Users will be paid to participate.The first 511 million verified users would get a share of 54.4% of the available 1 billion tokens. The first 1 million users will get 10 (ten) tokens each.
The next 10 million users get 5 (five) tokens each, the next 100 million get 2.5 (two and a half) tokens each, the following 100 million get 0.625 (point six two five) tokens and up to 0.3125 (point three one two five) for the future 100 million users.
Individuals who verify their identity on the platform using KYC (Know Your Customer) are also awarded points on the platform. The user can exchange the tokens given to fiat or cryptocurrencies.
QUESTION:
Recently users who have shown in Interest in this platform seem to be particular as to why social chains is using Block Chains;
They are using blockchain to put users in charge of their data and do away with centralized intermediaries that profit from user data.
Social Chains as a blockchain app empowers users to derive, drive and monetize their data. Social Chains is a first attempt ever made to provide an opportunity to the mainstream to make internet money.
Blockchain offered us the tools to build such a user-driven decentralized social media app. They will use a hybrid of public and private blockchain for privacy and flexibility.
To Learn more about Social Chains check out the following links:
Website : https://www.socialchains.io
whitepaper: https://socialchains.io/wp-content/uploads/2018/06/white-paper_june2018.pdf
YouTube : https://www.youtube.com/channel/UC1z_eSWwJ72n_wT585SN5fg
Facebook : https://www.facebook.com/SOCIALCHAINS/
Twitter : https://twitter.com/socialchainsio