SOCIALCHAIN: Revamping The Social Media World Towards The Realization Of Financial Opportunities

Introduction

The social media platforms like; Facebook, Twitter, Instagram, etc. was primarily created to bring about a connectivity of persons from different countries of the world by harmonizing diverse thoughts, ideas, promoting social coexistence, showcasing of our cultural believes, for entertainment , education, news updates about the current happenings in various cities, and countries, for communication between persons devoid of continental barriers and most importantly; an avenue to advertise business products and services etc. all of these dividends of the social media platforms has broken both national cum communication barriers and thereby made the world a global village. But all these benefits of the social media have been marred by fraudsters and cyber hackers whom have corrupted the media space with falsehood, deceit, fake identities which has created distrust in the minds of social media users and a high level of suspicion over anything launched on any of the platform due to the fear of falling into the gimmicks of scammers who wants to make advantage of the media users. Taking a view on the vulnerable nature of the social media; it is observable that Facebook has over 270 million fake account while Twitter has over 48 million fake accounts which shows how unsafe and unorganized the media platform has been overtime. A recent colossal damage on the social media platforms is the issue of people creating fake accounts, disguising to be owners of account they are not the true users in a bid to tarnish the social reputation of users with negative updates, at times they can be maliciously created to soil peoples image mostly for political motive. And the billions of naira made on the media platform by subscribers is now reducing as people now hardly participate in any of the platforms. After coming to the realization of these ill attitude of the users on the social media platform, the SOCIAL CHAIN inc. deemed it fit to proffer solutions to the above stated constraints.

SOCIAL CHAIN inc.

SOCIALCHAIN is a social media platform established in US by a team of professionals that operates with a decentralized digital machine being the block chain. After accessing the problems bedeviling the social media platform; came up with their own built media technology to which sort to curb media scammers, fraudsters, and persons who uses pseudo accounts with a filtering technique like requesting for the demographical information of their intending users, their place of work, and pictures for assessment before granting them the permission to use their social media platform. This requirements are geared towards having a decentralize database of verified and trusted connections in other to ensure a social media free from hackers, fraudsters and promote trust, safty of information and confidence in the minds of owners of products who wishes to advertise their goods and services to the millions of subscribers in the platform and make their money.

OPPORTUNITIES WITH SOCIALCHAIN

Apart from its vision of eliminating all forms of fake accounts and making the platform healthier for business advert, it equally sort to provide incentives to all her users for their participation or activities by giving out 33% of her socialcoin (SOCT) for any user who peers other persons to their platform. For instance, the first 511 million verified users will get a share of 54.4% of the available 1 billion token of their coin. The first 1 million users will get 10 tokens each, the next 10 million users will equally five tokens each with a lot of other packages.

Conclusively, after taken a careful study on the vulnerable nature of some of these unguided social media platforms, SocialChain happens to be a safe heaven for both private and foreign business owners to advertise their packages and sell their products will the confidence of slim or no risk of intruders in the platform because of its in built decentralized technology devoid of a monopoly of control from an admin or cyber fraudsters.

Official Website: https://socialchains.io

Official Whitepaper: https://socialchains.io/wp-content/uploads/2018/07/whitepaper.pdf

Ann Thread: https://bitcointalk.org/index.php?topic=4482539.0

Twitter page: https://twitter.com/socialchainsio

Facebook page: https://www.facebook.com/SOCIALCHAINS/

Telegram group: https://t.me/socialchains

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=994327