Analysis of the ICO SocialChains project

Welcome my dear friends. Today I will tell you about a very interesting project. SocialChains is a decentralized social network that will be managed by users themselves. The project is based on blockchain technology, which allows us to count on maximum protection of user data. After all, it is not enough security accounts is the main drawback of existing resources.

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.

Why pay attention to this project

SocialChains is a user-friendly social platform with an emphasis on providing secure digital communities to the community. We take care of the safety and privacy of our users. The platform shares the community's wealth. That is why the most active users will be able to rely on a really solid reward.

Developers encourage exclusively authored, relevant content that can be popular with other members of the community.In addition, users have access to the Contact Relationship application to send and track touch points with their contacts on the platform. Access to the program will be through web applications and applications for smartphones with the ability to link existing emails to users, such as Gmail, Office 365, etc.

Using the built-in CRM system, businesses can directly promote their products and services and bring potential customers to the platform. This is very beneficial - there is no need for intermediaries to be involved. In most situations, the intermediaries themselves are participants in fraudulent operations.

Now they can be excluded from the deal and find real customers. Intelligent contracts allow you to quickly enter into reliable transactions within the platform itself.

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.

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.