What is Social SEND?
Social SEND is a crypto that intends to make it cheap, fast and easy for users of every social media platform to send and receive cryptocurrency, moving us away from a "like" reward system, toward a monetary incentive for showing appreciation to content creators, friends and family.
If you want to know more about my outlook on Social Send check out this prior post I made called Social Send: My newest investment.
Social SEND | Big News!
Social SEND Platform went live on April 25, 2018: Check it out!
It's free to sign up, and all you need to provide is your name, email, and then create a password. If you want, you can link your Twitter, Discord and/or Facebook, and then send SEND tokens to your favourite people.
How it Works:
The platform has a clean interface, it seems easy and intuitive. I really think anyone who has ever used online banking, or for that matter sent an email, will find the Social Send platform easy to use. Please do check it out and let me know what you think.
Step 1: Sign up.
Step 2: Load some SEND tokens into your "wallet".
Step 3: Send your favourite content creator some SEND tokens.
It's that easy.
Sign up for Social Send platform here:
If you want to look into it, check them out here: https://socialsend.net/
Closing Remarks:
Social Send is not the only crypto working on this goal, in fact Steem just launched a platform called SteemTipper which enables the same thing only for the Steem or SBD tokens.
SEND token is currently valued at 0.17 USD on Coinmarketcap.com, and had an ATH of $1.03 USD on January 12, 2018. The market cap is currently 5.5 million, and reached 32 million on Jan 12, 18. For some perspective, Redd Coin is perhaps the closest competitor with a total market cap today of $250 million.
The ability to incorporate monetary rewards into any legacy social media platform is a meaningful use-case, and I think we have not begun to tap that market yet. I suspect this use-case will be more popular each year, for as long as legacy social media platforms exist (ie., Facebook, Instagram, Twitter, Reddit), and with that growing adoption of use, I expect these tokens to rise in value dramatically.
The SEND use-case revolutionizes how we use those popular social media platforms in a way that people will prefer. Having said that, whether Social Send will beat out Redd Coin, or Steemtipper, etc, is unknown. Is the market big enough to allow multiple options to survive, maybe.
That's the bet I'm making, and that you are making, if you hodl Social SEND.
Right now 6,250 Social SEND tokens will cost you about $1,062, and 6,250 is enough tokens to start your own masternode. If the market cap of SEND was to reach the current cap of Redd Coin ($250 million), then each SEND would be worth ~$7.50 USD, and that masternode investment would be worth ~$45,000 USD. You might ask why would SEND take over all of Redd's market, it doesn't have to, like I said earlier, the market is so new, that they could both grow side-by-side, and such a market cap could be possible for SEND.
Disclaimer:
Please understand that I consider my investment in SEND, extremely high risk. I believe SEND could reach a $7.50 USD value, but truth be told I could also imagine it going to $0.00. The platform is in Beta, it could be faulty, it could fail, and adoption while growing is only beginning.
Please do not invest in SEND because I discussed it here today, but if you are interested, do your own research and sign up for the SEND platform, just to give it a look. Follow their social media, @SocialSendCoin (Twitter & Facebook), or find them on Discord. The community is friendly and active, and they will be glad to answer any questions you may have.
Comments or Concerns?
As always, I really appreciate your comments and constructive criticism, I read every comment and I do my best to engage in dialogue where possible. I think the best way for us to #GrowSteemit is by encouraging and participating in debate and discussion.
Thanks very much for your time and attention, have an awesome day!
