FORESTING: A BLOCKCHAIN BASED SOCIAL MEDIA PLATFORM THAT DEVIATES FROM THE DISTRIBUTION SYSTEM OF TRADITIONAL SOCIAL MEDIA PLATFORMS

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Introduction

The use of internet has made an astronomical rise in the social media sector and the adoption of blockchain technology. Nowadays most people use the internet and with the help of these internet and social media sites, people create, share information, idea, career interest and share content and participate in social networking. As social media became the keyword that changed the world, the press grew volatile. News can easily be gotten on social media sites like Twitter, Youtube, Facebook and other major network. Now it has become difficult for people to abandon social networking sites which as caused a lot of damages to the society.

Despite the enormous rise and usage, many of this social media sites are centralized which many users are not aware of the rewards and benefits. Other barriers like insecurity which can cause leakage of information and theft, advertisement abuse and unfairness of value distribution.

INTRODUCING FORESTING

FORESTING is a blockchain based social media platform that provides a fair value of distribution system for users who are the real owners of the platform. They also deliver content through blockchain technologies and contribute positively in different forms. The FORESTING Network is created with three departments:

1. 'FORESTING': Blockchain based rewarding Social media

2. 'FORESTING Bank': Financial services for FORESTING Network participants

3. ‘FORESTING Lab’: Providing infrastructure and supporting content creators

4. Providing credit rating information

5. Financial services

6. Using infrastructure and creating better contents

DISTINCTIVENESS OF FORESTING

FORESTING is a blockchain based social media platform that allows users to assign the content provider’s contribution to offer rewards using a distributed consensus method The FORESTING Platform will enable the efficiency of content providers by allowing them to generate new, quality and faster content.
The FORESTING Bank is created to support financial services that are needed by users so as to enable them concentrate and focus on creating good content at the FORESTING Network. Users will also be provided with different financial services based on their contribution level of their quality content, coin acquisition and transactions. Users can also improve their credit ratings by participating in social networking.
The FORESTING LAB is created in order to provide infrastructures for community members in the FORESTING Platform and also to support content creators who loves to make content and post on FORESTING Platform.

THE CORE FEATURES OF FORESTING

FORESTING is leveraging blockchain technology to provide a user-friendly UX/UI platform.
FORESTING will be designed to enable full optimization for all devices. Users will be able to share text, images and videos easily.
FORESTING features different categories for social media
FORESTING supports all forms of content
FORESTING also brings privacy control.

UNIQUE BENEFITS OF FORESTING

Master Node-based P2P Transactions: The FORESTING Platform will open at least 10 coins per user and can be updated after opening. An RPC module is also created to access each coin and it provides the basic operations and master nodes for node operation.
Real-time Trade Function through Embedded Exchange: FORESTING also provides real-time trading functions by setting major exchanges around the world.
Content Creator Sponsor Features: FORESTING rewards popular content with real currency.
Open Market for Advertisement: FORESTING allows advertisers and advertising agencies to upload their advertisement and advertising proposals to the advertising pool category or communicate with content providers that meet the high content requirement. Content creators will be rewarded through the interaction of other users with their content such as comments and ‘Like’.

PTON TOKEN

The PTON Token is built on the Ethereum Blockchain technology with a supply of 25,000,000,000. The token will be used in the FORESTING Platform. It will also be used to reward quality content creators and can also be used to vote.

Token name: PTON

Based: Ethereum

Standard: ERC-20

Pre-initial PTON Token Sale: 1ETH = 49,999.5 PTON

Initial PTON Token Sale: 1ETH = 33,333 PTON

Accepted Currency: Ether (ETH)

TOKEN DISTRIBUTION