FORESTING
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Social networks have become one of the “secret forces” guiding the modern market, society and technology. A few good reviews about the product or film are enough to create high demand. Companies get profits, social networks revenue from advertising, and what about users? Authors of reviews, reviews and community members publish useful information without receiving rewards. It needs to be changed!
The developers of the Foresting project are proposing to create a fair digital content market, offering each user a reward for high-quality publications. Authors of reviews on goods and services, regular customers of salons and shops make a profit for reliable materials. The platform is decentralized, therefore “paid” posts, falsification of data and bribing of authors are excluded.
The participants in the Foresting project are ordinary consumers, exchanging opinions about goods, services, political events, cultural events and receiving income. Companies and trading platforms receive reliable reviews, the quality of service is improving, and competition in the market is becoming fair.
How Foresting Ecosystem Works?
The technological basis of the project is a peer-to-peer peer-to-peer network and a system of decentralized servers that store user information. The developers have implemented automatic synchronization, peer-to-peer transactions (payments or exchange of information), as well as an open market for the sale and purchase of advertising publications. The application interface supports all forms of digital media content: text fields (reviews, reviews), polls (ratings), photos, videos, sound tracks (streams).
The ecosystem is built on three elements.
Social Media. Platform for creating and publishing media content, exchanging opinions, getting feedback from companies providing goods and services. Developers identify four platform functions: Networking (collaboration), Connecting (user interaction), Interacting (interaction with companies) and Rewarding (receiving rewards for content). Unlike traditional social networks, Foresting connects content creators directly with companies that pay for these publications.
Foresting Bank. A set of financial applications through which each media content creator receives regular rewards for their work. Tools and the amount of payment depend on the rating of the platform participant, the quality and frequency of published materials. Foresting users can focus on creativity Bank will take care of financial issues.
Foresting Lab. Offline site, equipped to create high-quality content. Foresting users receive an equipped work space, can rent video cameras and other equipment, get advice from content promotion specialists.
Developers mark universal, logical interface of the application, optimized for work on any devices. Users create content in the category they are interested in, the personal data of the participants are protected by smart contracts and stored in an encrypted form.
Crowdsale and further project development ?
Work on the project started in the spring of 2018, the creators released the first version of the Whitepaper, and already in the next quarter participated in a technical summit. In the third quarter of the same year, Pre-Sale of the project passed, ICO and testing the first version of Foresting. Until the end of 2018, it is planned to test an improved version of the platform, and in 2019 the online application, mobile version and launch of the entire project will work.
The volume of tokens issued under the ERC-20 PTON standard is 24 billion, the price ranged from 49.9 (first investors) to 33.3 (ICO) PTON per ETH. The main volume of PTON issued (40%) was implemented during the crowdsale, 25% went to the founding team, 10% each was invested in marketing, support of partners and reward for the first investors. The remaining 5% was the reserve fund of the project.
The Foresting Ecosystem is aimed at transforming the digital content market, the ICO results (crowdsale closed before the planned date) show a steady interest of investors and ordinary users.
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