Today we're taking a look at Selfllery - what is it, what does it offer and what are the potential benefits of investing in their YOU token.
Selfllery is a social platform that promises an incredibly huge amount of monetized visual content (photos, videos, streams), readily available to be sold by the users that create and submit it and bought by other users, companies or advertisers.
It's intended to work like this: users register on the platform. They take photos, videos and other forms of visual content and submit it on the platform. The platform then rewards these users with YOU tokens (the currency within the platform) for the Likes they receive. That way everybody has the potential to win tokens just by submitting quality content that other users Like. People nowadays take millions of photos each year with their smartphones and cameras, imagine having access to a substantial amount of such photos - the options are endless. The project developers believe that every single active user contributes to the platform's development, thus everybody should have a chance to gain tokens just by submitting good content.
In addition to that, Selfllery's team has a few more features planned. One of those is a stock photo gallery with all of the content submitted on the platform with a fast and reliant search function. Companies, news agencies and users will have the ability to browse the gallery and purchase the content they like for their own use. Another feature is the so-called Photoquest - an event organized by the project developers, in which users of the platform are assigned the task of taking a photo of a certain object, scenery or animal and are given limited time to finish it. When users complete the task or tasks, depending on the complexity of the Photoquest, they will be awarded YOU tokens. The feature is supposed to be an additional way for users to promote their content and win tokens.
Selfllery will be available for advertisers as well. They will have the ability to purchase content to use in promoting their products or brands. A feature designed specifically with the advertisers in mind is the so-called Photo Contest. Photo Contests can be launched by companies or brand owners that want to attract attention to their brand. They specify the winning conditions and then users start sumbitting the content they've created for the contest. The prize pool for such events will depend largely on the amount of participants - the more users participate, the bigger the rewards.
The company promises to donate 10% of its revenue to charity and its users can choose to do so too, for which they will receive custom badges on their profiles. The currency within the platform is the YOU token - an ERC20 token, built on the Etherium blockchain technology. They will allow the token holder to buy content in the platform's stock gallery, as well as other items and additional features from the platform's marketplace. YOU tokens can be withdrawn to an Ethereum wallet. Currently they are at Pre-Sale Round C and have raised around 1 500 000 YOU tokens, with a Soft Cap of 10 000 000 YOU and a Hard Cap of 55 000 000 YOU. Buying 1000 YOU will cost you 1 ETH. The minimum investment amount during pre-sale is 10 ETH. The project is expected to be fully completed near the end of 2018 and the team's aim is to have 1 Billion active users in four years.