[ICO Review] Foresting (PTON)

Disclaimer: This is not in any way professional advice, and is solely based on the author’s own opinion. This is not in any way an advice to invest, or not invest in the network.

FORESTING Network
The FORESTING Network consists of the blockchain based 1) social media ‘FORESTING’, 2) digital banking services for FORESTING participants ‘FORESTING Bank’ and 3) ‘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.

• FORESTING
  ‘FORESTING’ or ‘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. New kind of Social Media
  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.

• FORESTING Bank
  ‘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 Lab
  ‘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.

ICO

Currently the ICO for this project has ended and gained so much support throughout the process.

• ICO: Sep 10, 2018~ Oct 10,2018
• Public Presale: Aug 10, 2018~ Aug 24, 2018
• Seed: May 15, 2018~ Jun 15, 2018
• Token Price: 0.0068 USD
• Accepted Payment Method: ETH
• Token Standard: ETH
• Hard Cap: 170,000 ETH
• Soft Cap: 90,000 ETH
• Available for sale:9,600,000,000 PTON (40%)
• Total supply:24,000,000,000 PTON
• Country: Singapore

The majority of the token’s 24-Bn PTON issued was on sale , while the rest will be distributed throughout the ecosystem.

Foresting partnerships and collaborations

Based on Foresting’s press release, Foresting has completed investment and strategic business deals with Vertical Mass, a big data marketing company that has a strong influence over big data analysis and target marketing with more than 600 million users per month. Through this partnership, it will be possible for Foresting to acquire a potential customer of 600 million users a month through the partnership.

Besides that, Foresting has collaborated with BitForex, which is a stepping stone to list PTON on a global exchange while introduce Foresting’s social media to the BitForex members in 86 countries.

Currently, there are more than 80k members in their telegram eagerly waiting for more updates considering there is so much potential in this project.

Check out their official website to find out more!

J.D.