The number of messengers and social networks increases. Facebook and Vk become full channels for sales and communication with a target audience. Owners of social networks seldom monitor the number of fake accounts, that's why advertising budgets are spent ineffectively. The market had developed in this way before the Social Chains project appeared.
The conception of Social Chains is social networks with confirmed and reliable accounts
The Social Chains platform is built on smart contracts in order to reduce fake accounts and allow users and advertisers to trust social networks. The project is based on the CPA (Contact Relationship App) technology, which manages the contract data of the users, allows communicating and exchanging data in the trusted circle. The registration is available for those who have passed the KYC procedure and loaded personal data into the system. Such an approach protects the network against bots, "fake" accounts, duplications of user accounts.
How it Works, Who will benefit?
The platform is based on the "safe neighborhood" principle, which allows users, advisers, administrators and others to be sure of the reliability of accounts. Technically, Social Chains is an optional module protecting the existing networks.
The critical Market Problems as Social Chains sees it:
Fakeness
The users on currently available social media platforms are not fully verifiable as a majority of users use pseudonyms.
The lack of a precise verification system brings about the spread of fake news, rumors, and misinformation, which leads to inefficient use of marketing funds, and more critically, leads to distrust among users.
Spread of Social Wealth
a select number of companies continue to control an increasing portion of the social value that exists in the growing social media environment. As a result, the users, whose data these companies are profiting off do not see much.
Its Aiming to Accomplish?
Reduce Fakeness
All the users of the Social Chains platform are required to verify themselves to gain access to the platform. This verification process will gather name, phone number, email address, state-issued Photo ID and a selfie for facial recognition. In the process, Social Chains will have a community that can trust each other, thereby leading to trustable interactions among the users – whether they are consumers or businesses.
Social distribution of wealth related to user data
Socialchains.io is a decentralized platform of verified users with the aim of distributing the social wealth and adding value to time spent on the social platform. Users will be paid to participate. The first 511 million verified users would get a share of 54.4% of the available 1 billion tokens. The first 1 million users will get 10 (ten) tokens each. The next 10 million users get 5 (five) tokens each, the next 100 million get 2.5 (two and a half) tokens each, the following 100 million get 0.625 (point six two five) tokens and up to 0.3125 (point three one two five) for the future 100 million users. Individuals who verify their identity on the platform using KYC (Know Your Customer) are also awarded points on the platform. The user can exchange the tokens given to fiat or cryptocurrencies.
Increase Marketing Effectiveness for SMBs
Online marketing for SMBs is an expensive and iffy proposition. Online platforms such as Google AdWords and Facebook charge exorbitant amounts, with results that produce the unknown quality of results – presented as click-through, or impressions – but not easily relatable to actual financial performance. Meanwhile, the rates for these services continue to increase and wasting of marketing budgets with an increase in fake accounts and fake clicks.
TOKEN METRICS;
TOKEN DISTRIBUTION TOKENS
First 1 million users get 10 tokens 10,000,000
Next 10 million users get five tokens
50,000,000
Next 100million users get 2.5 tokens
250,000,000
Next 100 million users get 1.25 tokens
125,000,000
Next 100 million users get 0.625 tokens
62,500,000
Next 100 million users get 0.3125 tokens
31,250,000
Next 100million users get 0.1525 tokens 15,250,000
TOTAL DISTRIBUTED TOKENS 544,000,000
Use of Funds
Research & Development
Ad Platform
Development
Additional Revenue
Channels
Infrastructure
User Outreach (Marketing)
Token sale bonuses
More and Details information can be obtained through the following links
You can visit the following;
Website - https://socialchains.io/
Whitepaper - https://socialchains.io/wp-content/uploads/2018/07/whitepaper.pdf
ANN Thread - https://bitcointalk.org/index.php?topic=4482539.0
Facebook - https://www.facebook.com/SOCIALCHAINS/
Twitter - https://twitter.com/socialchainsio
Telegram - https://t.me/socialchains
My Bitcointalk Username: Abbey84
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2143170
My Ethereum wallet adress: 0x323e8Fe8fC7a863cd424aF0149B4d764c9E32f55
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