Three Projects Which Aim to Redefine Social Media Using Blockchain and Cryptocurrencies
This year, it is expected that more than three billion people will be using social media. While traditional social media platforms such as Facebook, Twitter, Snapchat, TikTok and Instagram still attract billions of monthly visitors and millions of new users every day, many of them are demanding more than these one-dimensional platforms can deliver.
Existing platforms do not share values back to their users, if they do, it is only limited to influencers who have large followers. However, even these influencers do not have the full control over their data as well as the revenue being generated by their contents. These platforms are also free to censor contents as they see fit, with little to no recourse.
Sharing is no longer the only goal for many social media users. Gen-Zers and millennials which make up more than fifty (50) percent of social media population seek more rewarding ways to consume and share their content, while ensuring privacy and ownership and control of their data and contents.
Blockchain and cryptocurrencies provide a viable alternative where users can truly own and control their contents and receive the value they deserve. In this article, we will discuss three social media platforms to watch out this year. These platforms aim to redefine social media using blockchain technology and cryptocurrency.
Uhive
Uhive is the world’s first social universe. Its innovative platform enables users to create and display their space, known as a ‘personal profile’ with a digital location in a world of infinite space for occupancy. Powered by interest-based user selection, users have the option to only see contents that they choose to appear.
These spaces which are actually NFTs are only limited in numbers. These spaces range from travel, science, news, business, sports, religion, pets, literature, health and astronomy to music, comedy, movies, gaming, fashion, parenting, cars and comics, mimic real-world real estate that could go up and down in value and can be sold or rented to other users, including businesses.
A result of a five-year research and development, Uhive aims not only to connect people together and to enable a free flow of information but also for users to explore and express their needs, urges and wants, which has been so far limited across the current social networking.
Uhive is powered by Uhive tokens (HVE2), its own ERC-based utility token. These tokens are currently listed on Probit and Latoken and more exchange listings will soon follow. Users can also store their tokens in the built-in wallet of the app and use them for exchanging services or buying goods as well as for businesses to advertise their brands and products and for paying users a share of revenue that their spaces generate.
Currently, Uhive has more than 400,000 users which continues to grow day-by-day. A lot more features will be released by Uhive in the coming months particularly supporting more NFTs, a decentralized content moderation where users will have a significant role, a marketplace, Spotify integration, augmented reality and a free world where users can express themselves while staying anonymous or pseudonymous.
If you want to know more about Uhive, you may read the previous article I have written, https://www.publish0x.com/planet-crypto/uhive-a-new-kind-of-social-network-xnqznok. If you want to own a part of the next big thing, you may use my link to join Uhive, https://www.uhive.com/invite?c=AYKD1J. We will both get free Uhive tokens.
SoMee
SoMee is a social hub that utilizes blockchain technology, cryptocurrency rewards and decentralized features to ultimately empower community members with the power of choice and maximized value. It is built to resist top down censorship and control.
The platform encourages and makes profitable those that speak and spread truth, while allowing the community to down vote propaganda and lies. It deploys a host of unique algorithms, technologies and other concepts to measure the weight and impact of users and their contents.
The ‘gravity’ and ‘gravitational pull’ of a content is determined in proportion to the number of people viewing it in a measured time frame. The ‘gravity’ algorithm defines its weight and impact as ‘G-Force’. The ‘G-Force’ mechanism works on the concept of ‘stickiness’ or the capacity of a content to attract attention, as explained by Malcolm Gladwell in his book.
SoMee is currently rebuilding its blockchain which will be built on top of Cardano. It is set to launch its new app two months from now. Its previous token ONG will be reduced from its current supply of 150 million and will be made as a governance token. The new upcoming token will be utilized as a means to reward users for their quality and quantifiable contributions to the network. The platform also has a built-in wallet where their earnings can be securely stored by its users.
Recently, SoMee also announced its partnership with Skrill. This will allow users to — power up, buy or swap their points to fiat of their choosing all from within the app. Skrill will also provide users debit cards which will allow spending of earned points worldwide for ease of use.
If you would like to share and earn from your contents, you may join SoMee’s by following this link, https://somee.social/?afmc=4i.
Torum
Torum is a social media platform designed to connect cryptocurrency enthusiasts, blockchain projects and developers around the world. It combines social media with decentralized finance (DeFi) and non-fungible tokens (NFTs), two niches which are taking the crypto space to new heights.
The platform aims to become an effective central source of reliable information pertaining to the blockchain industry and cryptocurrency market. By doing so, Torum wants to level the playing field for everyone when it comes to access to crypto information and knowledge while providing cost-effective means for startups to build their community and foster awareness about their projects.
Currently, there are more than 25,000 users who are actively posting and sharing their thoughts about the crypto market. As a chain-agnostic platform, Torum accepts users regardless of backgrounds, including those who do not even share the same crypto interest. There are many ways for users to spark conversation, ranging from news feeds, to clans (groups) and to companies (pages). The Team is also working to release the Torum mobile app within the next few months.
Torum is powered by its own token, XTM. Its currently migrating from Ethereum to Binance Smart Chain (BSC) with plans to become a multi-chain asset in the future. As a primary medium of exchange in the Torum ecosystem, XTM can be used to tip other users, purchase NFTs in the marketplace, boosting posts, bidding advertisement slots, staking, organizing airdrop contents, perform in-game purchases and subscribing to premium features.
Users can earn XTM tokens simply by interacting and using the platform and completing the daily and weekly missions. You may sign-upto Torum by using this link, https://www.torum.com/signup?referral_code=warliezdiaz. We will both get free XTM tokens.
While many may think that these projects are competing among each other, the fact is that there is so much room for growth in the social media space. There are many differences between these platforms which set one unique from each other. Just like Instagram, TikTok, Twitter and Snapchat which coexist with the behemoth Facebook, it is not impossible for these platforms to thrive and succeed.
With the unique solutions that these projects provide, in addition to their passionate teams and strong communities, it is not impossible for these platforms to go mainstream and for social media users to do the big switch. Let us know in the comment section which among these social media websites or applications you are currently using and which token are you most bullish. Tell us the features that you like most about it. I will be glad to read your ideas and to share my opinion.
(Welcome to Planet Crypto. We discuss necessary information and updates regarding the cryptocurrency market regularly. So if you want to get updated, do not forget to hit the follow button and smash the like button.
I am not a financial or investment advisor. The purpose of this channel is to raise awareness about blockchain, the technology which will make the greatest impact in the decades to come and help in the mass adoption of cryptocurrencies. Please only consider this as educational or informational. This is never intended as a financial or investment advice.) Resources:
1. Uhive Website, https://www.uhive.com/en
2. Uhive Whitepaper, https://www.uhive.com/en/uhive-whitepaper
3. SoMee Website, https://www.somee.social
4. Torum Website, https://www.torum.com
5. Torum Whitepaper, https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V2.0-EN.pdf
