THE PURPOSE OF THIS DOCUMENT.
This document is about the activities of Social Chains, INC., which is a global social network and to as well introduce SOCT (Social Chain Tokens) which serves as the recipient.
DISCLAIMER OF THE DOCUMENT.
This document hopes to fulfil a major purpose of providing relevant and reasonable information to qualified readers that might want to analyse the social tokens and the tokens related to it.
INTRODUCTION.
ANALYSING THE BACKGROUND AND RECENT MARKET PROBLEMS.
The growth of social media has made it possible for the presence of explosion in the amount of fraud carried out through the media.
The building of fake accounts has remained a very easy process while the primary social media players have not still been able to do much to solve this problem.
As much as this fraud and fake accounts continues to increase, it has not stopped the social media players from reaping significant profits and revenues.
Social Chain has featured these problems to be the main and critical market problem that exists:
• The first problem is the issue with not being real: The absence of a definite system of verification has resulted into the increase in the spread of false news, misinformation and rumour. This has also resulted into an inefficient use of the available market funds and a high level of distrust among users.
• The second problem is in the spread of social wealth: there are companies who keep controlling an increase portion of the social value which exist in an environment of the social media, this process however results in the fact that the users who have their data ripped off by companies who gain a lot of profit, not to see much.
LET’S TALK ABOUT SOCIAL CHAINS.
Social Chains is a social platform that is user-driven and it focuses on the provision of a safe digital neighbourhoods to the community.
Social Chains care so much about their safety and their privacy, it will become possible for business to promote their products and services with a high level of confidence to a pool of trusted and verified users by trusting the system of Social Chains.
Through the use of Social Chains, users will have the full access to Contact Relationship Application (CRA) which will be used to send and track touch points (Email and calendaring) with their contacts on the platform.
There is also a possibility for business to directly promote and also approach potential clients available on the platform.
THE AIM OF SOCIAL CHAINS.
• To reduce the number of fake users on social media: Social Chains will be able to achieve the process of reducing fake users by ensuring that each user undergoes a complete process of verification before they will be allowed to make use of the platform.
Social Chains aims to develop a community where users will have a high level of trust for each other, this will enable them to have a trustable interaction within themselves.
The verification process for Social Chains will require a name, a mobile number, an email address, a state-issued photo ID as well as a selfie for facial recognition.
• Social Chains aims to distribute wealth that is related to user data: The platform Socialchains.io is a decentralized one that is made up of verified users. The platform as well has the aim of distributing social wealth and also adding value to the time spent by users on social media.
• Social Chains aims to increase the marketing effectiveness of small to medium businesses: The users of Social Chain will definitely get economic values for the data consumed. Social Chain provides a platform for effective marketing strategy where users will mention the products and services they wish to purchase. The business advertisement is however based on the permission provided by the user.
WHY THE BLOCKCHAIN IS A GOOD OPTION FOR SOCIAL CHAINS.
Social Chains have discovered that the blockchain is the best system that can be used to put users in charge of their data and totally remove the presence of centralized intermediaries who have made it a point of duty to benefit totally from user’s data.
Social Chains is a blockchain application which empowers users to obtain, derive and also monetize their data.
THE PRODUCT PLATFORM OF SOCIALCHAINS.IO.
Social Chains is an operational platform with several powerful features built into the platform.
• The presence of a decentralized contact database management: Social Chains will ensure that the contact database is kept up to date, this will make it possible for them not just to depend on the users to keep their own information.
• Social Chains has a contact relationship application (CRA) built into the system: The CRA built into the Social Chain system will make it possible for users to make use of the Social Chains as a platform to communicate with their personal contacts for either a personal or business purposes.
• Social Chains have a powerful social media feature where users will be able to integrate their twitter feeds, allowing users to import and also display the twitter feeds that exist within their accounts and also filter them if the user desires.
• Social Chains have a full suite customer relationship management (CRM): There is a robust and high level of CRM system imputed into the Social Chains platform.
THE ROADMAP OF THE PRODUCT.
The product platform of Social Chains which is Socialchains.io has the full capacity to also on board users.
The team has a strong focus on getting complete the permission-based Ad platform and a P2P E-commerce.
AVAILABILITY OF REVENUE GENERATION.
Social Chains aims to generate revenues through the following process:
• By advertising.
• Getting a targeted market for SMBs
• Providing a P2P E-commerce.
• By providing dating and matrimonial services.
THE MARKET PLAN FOR SOCIAL CHAINS.
Social Chains will have its headquarters in the US, it will also target available local markets, these local markets are highly prioritized, they include that of India, US, UK, Canada, Australia and also New Zealand.
A new user base will also be developed.
DISTRIBUTION OF TOKENS.
The first 1 million users will receive 10 tokens which will amount to 10,000,000 of Social Chain Tokens.
The next 10 million registered users will receive 5 tokens which will amount to 50,000,000 of Social Chain Tokens.
The next 100 million users will receive 2.5 tokens which will amount to 250,000,000 of Social Chain Tokens.
After this, the next 100 million users will get 1.25 tokens which will amount to 125,000,000 of Social Chain Tokens.
After this, the next 100 million users will receive 0.625 tokens which will amount to 62,500,000 of Social Chain Tokens.
The next 100 million users, will receive 0.3125 tokens which will amount to 31,250,000 of Social Chain Tokens.
The next 100 million users will receive 0.1525 tokens which will amount to 15,250,000 of Social Chain Tokens.
The total token distributed tokens will amount to 544,000,000.
USE OF FUNDS OBTAINED FROM SOCIAL CHAINS.
It will be used for research and development which includes: Ad platform Development and an additional revenue channels.
Funds will also be used for infrastructure user outreach which is marketing.
ANALYSING SOCIAL CHAINS TOKEN.
Social Chains is releasing ERC20 token which is SOCT making use of an Ethereum smart contracts. The crowd sale of this token has rounds of pre-ICO and ICO.
90% of the tokens will go to community of users, developers, professionals as well as services.
Only a percentage of 10% will be made available for sale through the ICO.
DISTRIBUTION OF TOKENS.
User community will have 54%.
ICO sales will have 10%.
Founders will have 10%.
Employees will have 10%.
Community management will have 6%.
Marketing will have 5%.
5% will go for the payment of loans.
AVAILABLE SALE BONUS.
Purchase made from 1st to 6th of July will receive a bonus of 20%.
Purchase made from 7th to 13th of July will receive a bonus of 15%.
Purchase made from 14th to 20th of July will receive a bonus of 10%.
Purchase made from 21st to 27th of July will receive a bonus of 5%.
Purchase made from 28th to 31 of July will receive a bonus of 2%.
SOURCE
Website
Whitepaper
Twitter
Facebook
Linkedin
Youtube
Telegram
Ann
Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4
This is the new generation
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
An interesting, straight forward and easy to understand article! I definitely want to own some Social Chain Tokens! It's been a while since I've read from you @gbenga....where have you been?
Cheers!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @gbenga! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit