FORESTING - The Best Brand for Social Media Network based on Blockchain Technology
Have you ever heard of Lehman Brothers? Or the events of the global economic crisis in 2008? In the economic world, the global crisis of 2008 has become one of the most important events in history because of the fall of Lehman Brothers. The investment bank giant Lehman Brothers has been a victim of the bad credit crisis in the United States in 2008. Lehman Brothers is an investment bank that is more than 158 years old and is the fourth largest investment bank in the US. Lehman Brothers became the strongest bank on Wall Street and all financial companies connected with Lehman Brothers. Lehman Brothers is growing rapidly into one of the giant banks in the US and global financial world. Then what actually caused Lehman Brothers to go bankrupt or go bankrupt in 2008?
Lehman Brothers company collapsed due to company management / internal company conditions. The internal conditions of Lehman Brothers became chaotic because of the two factions who shared their views. Two camps in Lehman Brothers that have different views have caused opposition in management. Two camps in Lehman Brothers that caused bankruptcy were traders' camps and banking camps. In addition to the internal conditions of the company, the subprime mortgage crisis also caused the collapse of Lehman Brothers, how come? Lehman Brothers suffered losses due to the crisis of high-risk housing loans which had begun to occur in 2007. The crisis of high-risk housing loans (subprime mortgage) in 2008 had already swallowed many victims, anyone? Subprime mortgages have claimed victims, among others, Bear Stearns, Northern Rock, Fannie Mae, Freddie Mac, and Lehman Brothers.
One of the most interesting events is the birth of the post-revolution system and cryptocurrency, called ‘Bitcoin' which was first ideated by Satoshi Nakamoto after the collapse of Lehman Brothers. Speculation has been rampant about who SatoshI Nakamoto is, since his identity remains completely veiled. The clear message he is trying to convey in his thesis, which consists of about nine pages, is the lack of trust in the banking system, especially toward the Federal Reserve Bank (FRB) which is central publisher and trustful third party and manages all information and policies after going through the financial crisis in 2008. He suggested a currency system that cannot be fabricated and can be perfectly transparent without requiring personal information with the purpose of "substitution" for existing systems. His message raised social discourse on the system that everyone decides the system participants transparently. His will has spread not only in the banking system but also throughout media, culture and society. Rather it is not determined by the sharing and distribution of information in a fairer society, centralized control and management, with the meaning of 'Decentralization'.
INTRODUCING FORESTING
The FORESTING Network is based on the creation of bitcoin and a philosophy shared by Satoshi Nakamoto and John Rawls on a more fair society. Accordingly, the FORESTING Network solves the asymmetry of the information that is prevalent in our society, pursues fair contracts, distributes them according to their ability, and shares active contributions with one another.
The FORESTING Network consists of the blockchain based
Social media ‘FORESTING’ is a blockchain based social media platform that deviates from the distribution system of traditional social media platforms. It provides a fair value distribution system for users who are the true owners of the platform. They deliver content through blockchain technologies and contribute to platforms in a variety of forms
Digital banking services for FORESTING participants ‘FORESTING Bank’ is a digital bank for content creators and curators alike. At the core of the FORESTING Network is the platform users who will be provided and supported by these financial services to create content
‘FORESTING Lab’ to supports communities and marketing activities besides the platform to activate the FORESTING Network, especially the content creators who are the owners of the FORESTING Network.
Each of the three departments is separated into their respective functions and roles to fulfill the core values of the FORESTING Network
A World Transformed by Social Media
“Make the world more open and connected.” said Mark Zuckerberg
On February 4, 2004, a 19-year-old Harvard student started Facebook with a slightly unusual goal.
Facebook is a phenomenal social media platform that attracts netizens, 1.47 billion people access it ranging from friendship, business connections, to political issues.
Social media became the keyword that changed the world, the position of the press grew votile. Today we can get faster news on Twitter than on any major news network
In the 21st century, it has become difficult for people to leave social networking sites. Apparently, Social media has caused a shift from vertical communication to "horizontal opinion spreading" in the society where it was the main subject.
As of 2018, there are about 3 billion active users on social media, and the number keeps growing day by day. Social media has changed the world and sparked the start of a new digital economy. Popular social media app services, such as Facebook, Instagram, Pinterest, SnapChat, Twitter, and LinkedIn have some common features that are drawing attention from many people. With the user experience and behavior in mind, this type of contents has been one of the most successful concepts for social media and has promoted the growth of mobile app services and smartphone use.
The companies that are running the platforms have a basic goal to bring more users onto the platform. Traffic and content generated through user interaction are the most valuable assets in platform-based services. The company provides a space where users can share their interests and interact with their friends for free. By doing so, users will be able to offer their ideas, messages and ownership of content free of charge to the network owner (corporate). Most users are not aware of the rewards associated with this and think rewards are only for certain influencers. In the meantime, user data is becoming a commodity sold for advertising which is a major source of revenue for the company. Through the content and database that users contribute for free, the company acquires major revenue sources, making it a targeted advertising provider that encourages users' desire to own and consume
PROBLEM
The distribution of values in traditional social media is clearly disadvantageous to the user. Although users perform a whole series of procedures to create, post and share content on their own, they are not rewarded. Despite the fact that this is so well known, people don't feel it is unjustified. Even if people feel it is unfair, they don't know what to do.
SOLUTION
FORESTING will create a content-centered platform that generates direct content revenue.
FORESTING encourages better content creation and is focused on user voting rather than actual traffic-oriented content valuation. We will create a better content culture through evaluation.
FORESTING, which will open a new world, is a combination of 'Forest' and 'Networking', 'Connecting', and 'Interacting'. FORESTING is the primary social media, a blockchain with economic freedom for content providers. The platform will be able to increase the efficiency and impact of content providers by enabling them to generate new, faster content than traditional social networks. The platform will create a new ecosystem for social media through blockchain technology and a new concept of social media token operation.
FORESTING is designed to build a network by distributing income though reasonable content generation and on the assessment of the users’ content. It supports all types of content, whether it is text, images, videos, audio, or live broadcasting, and provides a social network based on a content-oriented rewarding service.
Core Features
FORESTING uses the best services to implement the perfect blockchain for social networks.
Real-time Trade Function through Embedded Exchange
Provide real-time trading function by embedding major exchanges around the worldMaster Node-based P2P Transaction
Minimum of 10 coin openings per user (RPC module provided for each coin access)Content Creator Sponsor Feature
Popular content is rewarded with real currency rather than plain likesOpen Market Advertising
Shedding the target/retarget ads that are centered around the advertisers and platform operator
FORESTING SERVICE
Foresting will provide an intuitive blockchain-based social media platform with top class UX/UI and the technology to support a wide range of content, including images and videos.
- Provide User-Friendly UX/UI
- Is fully Optimised for all Devices
- Features Categories for Different Interests
- Support all forms of content
- Brings you More Privacy Control
TOKEN DISTRIBUTION
FORESTING Network will be based on PTON Token; an ethereum coin that is built on ERC-20. The majority of the token’s 24-Bn PTON issue will be for sale, while the rest will be distributed throughout the ecosystem.
ICO Planning
The PTON token will be issued as a total of 24,000,000,000 (24 billion) tokens with ERC-20, with 40 % of the total token set for sale. ICO participants may receive the swap through the listed exchange wallet or the FORESTING wallet after the launch of the FORESTING mainnet.
ROADMAP
FORESTING has established in the early 2018 with the vision of giving back to users and we will have the grand launch soon in the upcoming days.
Team Work :
The founding members with creative and innovative minds that will change the world along with the team who are dedicated to support and provide a world changing service for their users.
ADVISORS
Specialists and innovators who have excelled in blockchain, social media ,and business around the world have joined our project to offer their expertise.
If you need more information about Foresting, please to visit the link as below :
WEBSITE | WHITEPAPER | TWITTER | YOUTUBE | TELEGRAM | FACEBOOK | INSTAGRAM | LINKEDIN | MEDIUM
Thank you
Written by : baperstrong
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