Modern social networks are full of bots and scammers. Moreover, each user can have as many pages as he/she likes for different purposes. The presence of such a number of fake pages infects the Internet space, loading the used content and depriving honest users of high speed of operation. Also, the issue of security in the network remains no less urgent. According to statistics, a user of every social network at least once faced with hacking of an account or its attempt (in case of using a multi-stage authentication system). This situation negatively affects the attitude of people to social networks - people do not spread photos and information about themselves, they are afraid to openly communicate with other users. Increasingly, now the files are transmitted through cloud storage. Thus, at the moment, existing social networks cannot provide their users with a valuable resource for communication and information exchange with a high degree of protection. Social Chains offers users a new social platform with an innovative look at security when communicating.
https://socialchains.io
Key Features of Social Chains
Decentralized Social Chains platform offers a new project on the basis of blockchain, which will protect users from chat bots and network scammers. Each registered user passes KYC registration with the subsequent verification of information by artificial intelligence. Multifactor authentication model when signing in an account will protect all network users from the mass attack.
Benefits of Social Chains
All user information is hosted on different network nodes, rather than on one server, providing a high level of security on the platform. For each newly registered user, a separate information block is generated with the access closed even for the platform creators.
Social Chains can work in two directions - an individual user and a business user. During the registration an account is bound to e-mail for a user to be able to receive notifications of new letters and responses. The creators of the project do not limit their users when choosing an e-mail platform - this can be Yandex, Gmail, Outlook, etc.
A business user is able to enjoy with an additional sales channel on Social Chains. Now users can confidently visit the pages of shops and companies, receiving 100% guarantee of the authenticity of the page. Mass mailings within the project are prohibited - advertising is carried out by means of paid posting of information on the pages of users wishing to earn. All transactions pass through P2P technology, allowing the company to receive more revenue, and a user - to buy less.
Social Chains company highlights that 33% of the profits are distributed between the token owners. As the project develops, this indicator will be increased to 50%.
https://socialchains.io
The project was launched in the middle of last year, and at the moment the system of user identification through face recognition has already been introduced. The full functionality of the project will be available by 2020 with the gradual launch of the mobile version of the platform.
Social Chains cryptocurrency
To perform calculations on the platform, SOCT tokens implemented on Ethereum according to the ERC-20 standard are used. A total of 1 billion tokens were issued, of which only 10% were allocated for sale. It will be possible to purchase 1 000 SOCT for one dollar. Depending on the amount and time of purchasing the cryptocurrency, an investor is awarded bonuses. The main crowdsale starts on September 1 and lasts for a month. The project's hardcap is $50 million.
Summary
Thus, Social Chains presents a new look at social networks. The platform offers its users secure communication with real people with the ability to purchase products through the platform, transfer files, exchange information. The possibility of honest earnings for users and placement of working advertising for companies increases the popularity of the project even at the development stage. Also, Social Chains has a nice interface and a wide range of tools for customizing the page.
Links:
Website: https://socialchains.io
WhitePaper: https://bit.ly/2voirUD
Telegram: https://t.me/socialchains
Facebook: https://www.facebook.com/SOCIALCHAINS/
Twitter: https://twitter.com/socialchainsio
Medium: https://medium.com/@socialchains
ANN: https://bitcointalk.org/index.php?topic=4482539.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.