SOCIALCHAINS

Summary: https://Socialchains.io 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. 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. Platform Economy: The Socialchains.io platform offers wide-ranging monetization options for its users. Several offers are provided to share the platform profits among all users. In the beginning, 33% of the platform profits are distributed to the verified users based on the daily and monthly user activity. The share of profits grows from 33 to 50 percent as the platform stabilizes.