Social Chains for Providing Real Accounts Only
Social Chains can be the answer of how to get rid of fake accounts in social media and end false information among citizens. Let’s check our article below.
About Social Chains
Social Chains is a user-driven and decentralized cryptocurrency ecosystem of social media for trusted and verified users. It helps to end the fakeness worlds on all networks of social media. Our platforms awards and respects users because of their participation and membership. Social Chain will offer them some points, tokens, and even a share of the profits’ company based on the level of activity done by the users. The points and tokens are interchangeable with fiat currencies and crypto.
Social Chains also has verification. It allows users to participate in feeds or public forums, add contacts, buy and sell services and goods, and contribute posts on the platform. Socialchains.io is a safe community that works globally and online. The community in this platform can have about 60% of the tokens that are issued that provides users a space to talk in the platform.
Token distribution
Here is the distribution of Bitcoin token in Social Chains. The total of 1 Bitcoin Security Tokens currency is issued. There are only 10% of tokens that is offered for sale through ICO. On the other hands, there are only 5% of tokens which are available in the first round for sale. It is divided into this following percentage:
• User community: 54.00%
• ICO Sales: 10.00%
• Founders: 10.00%
• Employees: 10.00%
• Loan Payments: 5.00%
• Marketing: 5.00%
• Community Manager: 5.00%
Problem and solution
The problem found by this platform is related to users. There are many unverified users that are available on many platforms of social media. Unverified users can lead the fake information to spread more. Fake accounts also can be the result of people’s trust issue and marketing expenses issued by a business that becomes inefficient. Furthermore, the social media platforms that are existing profit mostly from the information of their users that is mining with no monetary benefits to the users.
The solution that Social Chains has to offer is to verify all users. But, the difference is that the verification process will be beyond the conventional verification process. It requires the users to issue their identification. This platform can offer you the safety and comfort of communicating online. Social Chain can make you certain that you are interacting with a real business and people. In return, when you join and use Social Chains, the users can earn points, tokens, and get to share in the profits of the company. That’s why when users are participating in the social wealth’s distribution, they will make more users in social become verified.
Token
In this platform, you can also buy, invest, and even earn tokens. Social Chain has a token name that is called as Social Chains Token. The symbol is SOCT. The unit of the token is one. 1 SOCT is worth 1 USD. The supply of the token is 50MM for the initial sale. Social Chains is a Texas Corporation. It is releasing ERC20 token that is called as SOCT. It uses Ethereum smart contacts. When it uses Public Ethereum, it can publish the tokens after the sale closed.
By visiting Social Chain official website, you can read more about it in their whitepaper. Social Chain can be the answer to your worriedness about communicating online with people out there.
image source