INTRODUCTION
In the beginning of the 20th century, national crises like the dot-com bubble, 9/11, and the War in Afghanistan, lead the American government to enforce a low interest rate policy as part of a strong economic stimulus package. While the main purpose of this initiative was to create corporate investments and private consumptions, it caused tremendous household loans. In 2004, it led to the termination of the low interest rate policies, leaving financial institutions unable to collect loans. Major financial security companies in the United States, such as New Century Financials, went bankrupt. The scandal has caused a worldwide credit crisis and hurt the real economy. One of the most widely known examples of the global financial crisis is the collapse of the investment bank ‘Lehman Brothers’ in 2008.
Satoshi Nakamoto derives the definition of distribution from the ancient days of Platon. In particular, his discussion shows analogies to John Rawls’ book “A Theory of Justice” where the moral and political philosopher emphasizes the importance of justice. Rawls argues that fairness can only exist when the procedures of distribution are fair.
Taking a closer look at how these comments relate to the blockchain, John Rawls uses the the term 'fair procedure' to account for the 'veil of ignorance' and to assert that the information solves asymmetry.
ABOUT FORESTING ICO PLATFORM
The FORESTING Platform consists of the blockchain based;
- Social Media ‘FORESTING’.
- Digital Banking Services for FORESTING participants ‘FORESTING Bank’.
- ‘FORESTING Lab’ to support the FORESTING community and content creators.
Each of the three departments is separated into their respective functions and roles to fulfill the core values of the FORESTING Network.
Social Media: 'FORESTING Platform' is a blockchain based social media platform that deviates from the distribution system of traditional social media platforms. It provides a fair value distribution system for users who are the true owners of the platform. They deliver content through blockchain technologies and contribute to platforms in a variety of forms.
Digital Banking: ‘FORESTING Bank' is a digital bank for content creators and curators alike. At the core of the FORESTING Network is the platform users who will be provided and supported by these financial services to create content.
FORESTING Community: ‘FORESTING Lab’ supports communities and marketing activities besides the platform to activate the FORESTING Network, especially the content creators who are the owners of the FORESTING Network.
MISSION
The FORESTING Network is set up with three departments as stated above. While each department’s respective functions and roles are separated, the core values of the FORESTING Network remain the same. They were designed in a structure in which they interact systematically and create synergies.
- 'FORESTING': Blockchain based rewarding Social media.
- 'FORESTING Bank': Financial services for FORESTING Network participants.
- ‘FORESTING Lab’: Providing infrastructure and supporting content creators.
- Providing Credit Rating Information.
- Financial Services.
- Using Infrastructure & Creating Better Contents.
They also, are designed to build a network by distributing income though reasonable content generation and on
the assessment of the users’ content. It supports all types of content, whether it is text, images, videos, audio, or live broadcasting, and provides a social network based on a content-oriented rewarding service, which will also open a new world, in a combination of 'Forest' and 'Networking', 'Connecting', and 'Interacting'.
FORESTING is the primary social media, a blockchain with economic freedom for content providers. The platform will be able to increase the efficiency and impact of content providers by enabling them to generate new, faster content than traditional social networks. The platform will create a new ecosystem for social media through blockchain technology and a new concept of social media token operation.
ECOSYSTEM OF THE PLATFORM
FORESTING is available to anyone without prior knowledge of blockchain and cryptocurrency. Anyone in the world can easily profit from FORESTING, and just being active within the platform is rewarded with PTON.
FORESTING, a new concept of social media, distributes the revenue generated by the content to all users who contribute to it. In FORESTING, content creators no longer have to rely on the funds from followers and advertisers. Instead, users can benefit economically just by getting ‘Likes' through the use of blockchain technologies and cryptocurrency. Blockchain technologies enable users to support content creators without losing anything, and users can also tap on
incentives to post comments to other content creators or to 'Like' them.
FEATURES
Similar projects have been appearing in the market since the first blockchain-based social media platform, Steemit’s successful debut. FORESTING uses the best services to implement the perfect blockchain for social networks, such as the following;
- User-Friendly UX/UI.
- Device Optimization.
- Major Categories for Social Media.
- Supports all forms of content.
WHY CHOOSE FORESTING PLATFORM?
At the center of the FORESTING Network is the user. In addition to providing content, users also contribute to the platform's growth with a variety of types of content. In particular, users may no longer rely on advertising companies and centralized platforms to directly exchange their content for real value. And as the influence of the FORESTING platform continues to grow in society, ‘Influencers’ will start to appear just like they did on YouTube and other platforms. It will emerge as another profession that children dream of.
And also, the platform boast of the following strengths in tackling the problems faced;
- Synchronizing Preferred Exchanges.
- Open Market for Advertisement.
- Masternode based P2P Transactions.
- Coin Shooting(Donation for Content Creators).
Furthermore, they are not classified as common jobs by traditional banking systems, in which they cannot not receive a positive credit ratings. This is because they are subject to an independent credit rating regardless of their economic activities which can result in a negative credit rating score. This means that they cannot perform common financial activities, such as getting loans. Talented creators face a lot of pressure to buy expensive equipment.
TOKEN DETAILS & DISTRIBUTION
TEAM
PARTNERS
FOR MORE INFORMATION CONCERNING THE PLATFORM, kindly click on the following links below;
Website: https://foresting.io/
Facebook: https://www.facebook.com/forestingHQ/
Twitter: https://twitter.com/foresting_io
Reddit: https://www.reddit.com/user/ForestingHQ
Telegram: https://t.me/foresting_global
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
Youtube: https://www.youtube.com/channel/UCGgXs74rn_BuE90CH1qYBPA
Bounty Thread: https://bitcointalk.org/index.php?topic=4931943.0
Authored by: misteroladipo
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1781078