Introduction Video
About Social Chains:
Socialchains.io is a decentralized social media platform of verified users that puts an end to the massive fakeness existed in the current social networks. The platform respects and awards users for their time by offering tokens, points and a share in platform profits based on the level of user activity. The tokens and points are interchangeable with crypto or fiat currencies. The principal goal of Social Chains is to have a decentralized data of verified and trustful connections. The process includes verification of email, phone, physical address, and a government-issued photo ID. Verification is vital as it enables users to participate in public forums, contribute to posts, add contacts, and add public feeds. The platform of verified users is like a safe neighborhood. The community will own 54 percent of the issued tokens which provides users a say in the platform.
Problem of current social media platforms
Users on currently available social media platforms are not fully verified. This has led to the spread of fake information, and fake accounts, resulting in a lack of trust among users and inefficient marketing expenses by businesses. Further, these existing social media platforms profit mainly from mining the information of their users with no apparent monetary benefit to the users.
SocialChains platform solution
Social Chains verifies all users beyond the typical verification process – by requiring state-issued identification. We effectively offer a social environment where all users can be sure that they are interacting with a real people and businesses. In return for joining and using SocialChains.io, users earn tokens, points and get to share in the company’s profits – thereby participating in the distribution of the social wealth created on the platform.
Why is Social Chains Using Blockchain?
SicialChains is using blockchain to put users in charge of their data and do away with centralized intermediaries that profit from user data. Social Chains as a blockchain app empowers users to derive, drive and monetize their data. Social Chains is a first attempt ever made to provide an opportunity to the mainstream to make internet money. Blockchain offered us the tools to build such a user-driven decentralized social media app. We will use a hybrid of public and private blockchain for privacy and flexibility.
ICO and Token overview:
Token Name SOCIAL CHAINS Token
Token Symbol: SOCT
Total Supply: 1000,000,000
Rate: 1 SOCT = 1 USD
ICO Start Date: 01 / July / 2018
ICO End Date: 31 / March / 2018
PRE-ICO Start Date: 15 / March / 2018
PRE-ICO End Date: 15 / June / 2018
Refer to the links bellow for more information:
Website https://www.socialchains.io
Whitepaper https://socialchains.io/wp-content/uploads/2018/06/white-paper_june2018.pdf
ANN Thread https://bitcointalk.org/index.php?topic=4482539.0