What is Social Chains Project?
Socialchains.io is a decentralized social media platform of verified users. 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.
![](https://telegra.ph/file/c42e7772f0cd886367bad.png)
The Socialchains.io platform offers wide-ranging monetization options for its users. Several offers are provided to share the platform profits among all users. In the beginning, 33% of the platform profits are distributed to the verified users based on the daily and monthly user activity. The share of profits grows from 33 to 50 percent as the platform stabilizes.
Why is Social Chains Using Blockchain?
Socialchains 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. Interim Blockchain of Social Chains as of now:
![](https://telegra.ph/file/99c9bf792d47835ed4270.png)
Social Chains Features:
Socialchains.io already has several powerful features built into the platform that will be available to users from launch.
Social Chains Team:
![](https://telegra.ph/file/bc6e409ce07cee21a9476.png)
Roadmap:
![](https://telegra.ph/file/4a1ad3cb47f602c63f25c.png)
Token Sales Detail:
Social Chains is a Texas Corporation and is releasing ERC20 token called SOCT using Ethereum smart contracts. The crowd sale has Pre-ICO and ICO rounds. Public Ethereum is used to publish the tokens after the close of the first round. We are releasing a total of 1,000 MM tokens. Using comparison, Facebook raised more than $2 Bn before going public to raise another $10 Bn. We are compensating the founders, employees, community through tokens.
As a result, 90% of the tokens go to the community of users, developers, professionals, and services. The founders and employees have a cliff and vesting over a period of 4 years. The community has one year cliff and vesting. Token allotted for loan payments has one-year lock-in.
That will leave only 10% of the tokens for sale through the ICO. We are offering half (i.e., 5%) of these tokens for sale in this first round starting June 1st , 2018. The remaining 5% of tokens are in reserve for future fundraising rounds
Token Name: SOCIAL CHAINS Token
Token Symbol: SOCT
Total Supply: 1000,000,000
Price: 1 SOCT = 1 USD
For more information:
Website: https://socialchains.io/
Telegram: https://t.me/socialchains
Twitter: https://twitter.com/socialchainsio
Facebook: hhttps://www.facebook.com/SOCIALCHAINS/
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373
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