Foresting: The Brand New Rewarding Social Media Based on Blockchain Technology.

5 min readSep 2, 2018

TL; DR:

FORESTING is a feature rich, innovative, reward sharing social media platform based on the amazing blockchain technology, the Foresting Network makes it possible for content creators from all over the world to be rewarded for their contents. It consists of the following blockchain-based services; FORESTING — the social media, FORESTING BANK — the digital banking services for the network users, and the FORESTING LAB — the offline space that provides the hardware resources needed to support content creators in creating quality contents without hindrance.

Background: Current State of Social Media

There is a lot of recent happenings that has brought to fore how important the security of user data is, which should be taking seriously. One that easily comes to mind is the recent major disruption on Facebook where it was revealed by Facebook itself that about 87 million users’ personal data were leaked from Facebook. These information were allegedly used for certain candidates during the last U.S. presidential election.

It’s important to add that, I believe no platform would willing allows the data of their users to be leak in such a manner. Yes, it can sometimes be due to their negligence, and I’d like to add ‘the negligence mostly occasioned by the desire to make more profit by increasing their user-base’. Well, it’s almost impossible for such not to happen as things currently stands; in this system of centralized profit dependent social media platforms, where platforms are highly competing to outdo themselves in user-base, since the user-base determines their potential for bigger profit, and they are constantly changing their platforms and ads systems so fast, to make this happen.

One other underlining aspect of social media as it stands now, is that users who owns and generate the contents are not always treated like content creators and so not financially rewarded as such. Because, it is believed that the platforms are open and provided free of charge to the users. So, the $millions earned in profit from users’ contents and interactions, goes to the platform owners and shareholders. However, that fact remains that users’ contents and interactions are what the social media platforms thrives on and without them no social media platform can succeed.

Foresting, aims to provide a solution to the above and many other issues currently being face in the social media, so what exactly is Foresting?

What is Foresting?

Foresting aims to change the narrative, with the foresting platform, users will be regarded and treated as content creators and will be reward for their efforts. It will be implemented as blockchain based rewarding social media with an innovative financial services to fully support content creators (users). Foresting leverages on the immutability, decentralization, security and reward sharing of blockchain technology to build a secure, fair and equality based social media platform that puts the main content creators (the users) in charge.

Rewards on Foresting is distributed through quality content generation which are evaluated by the network users. One other of its unique features is that as against majority of other blockchain based platform like Steemit which are more focus on blogging and support limited content types. Foresting will be a full fledged social media with supports for all types of contents, whether it is text, images, videos, audio, or live broadcasting.

Foresting Network

At the core of Foresting Network, are three departments;

FORESTING — The innovative blockchain reward sharing Social Media platform.
FORESTING BANK — The digital banking services for Foresting Network users. The Foresting Bank aims to provide a solution the inherent issues face by influencers and content creators on banking services by traditional banking system. It is aim to provide more fair and unrestricted banking service to user of the Foresting Network so they can concentrate on content creation with peace of mind.
FORESTING LAB — The offline space to support the Foresting community and content creators. It an offline space with the necessary equipment like cameras, microphones, lights, speakers, and instruments, etc. for the users of the Network to create higher quality content.

TOKEN/COIN ICO

Token Symbol: PTON
PreICO Price 1 ETH: 50,000 PTONs
Price 1 ETH: 33,333 PTONs
Bonus: 50% PTONs during the Presale.
Platform: Ethereum
Accepting: ETH
Soft cap: 90,000 ETH
Hard cap: 170,000 ETH
ICO Period: 2018.09.10–2018.10.10