VTOS: ADVANCING SOCIAL MEDIA NETWORK THROUGH MONTIZATION OF CONTENT USING BLOCKCHAIN TECHNOLOGY

cryptoboss12 (40)in #social • 6 years ago

The social media such as Facebook, Instagran, twitter etc. has become an integral part of the lives of many people in the world today and this is because of the ease at which communication between people located in different parts of the world is carried out which in turn builds relationships and solidifies friendships.

The social media recently is not limited to just communication between friends but has also been advanced for the purpose of passing important information to the general public, for campaigns and to support different movement and hash tags which therefore proves that the social media network has near limitless possibilities.

However it is quite saddening to know that all these contents created by various individuals across the globe are monetized exclusively by the owners of the social media platforms without any form of rebate returned to users and also the data generated through these activities are also sold by the social media platforms to various advertising sites that needs them.
For example, imagine as big as Instagram is, with various active users that have millions of followers that generate sound content everyday which are monetized by them alone without any form of reward going back to these active users.

There is therefore a need for the social media platforms to be reviewed and these extreme covetousness be removed to create a give and take environment which is exactly what the VTOS platform intends to do by transferring all control of user data and ability to get monetary rewards from content created to users with the backing of blockchain technology.

Introducing VTOS

This is a blockchain powered social media platform created with the aim of taking the social media network to the next level where users can enjoy steady income from creative contents posted and be in charge of the data they generate through decentralization thereby eliminating centralization of profits by social media moguls.

This platform operates on a scheme to disrupt the correct monopolizing of the social media by paving the way for users responsible for content creation to gain monetary benefits and full control over their data. These benefits are usually in the form of the native currency of the platform which upon conversion to fiat currency can be spent by users.

It is no secret that the current or reigning social media platforms are very opaque as to how they use or manage user data from which they reportedly gain billions of dollars exclusively and that will be countered by this platform through the power of the blockchain technology which gives the power back to content creators through its transparency feature that makes transactions open and immutable.

VTOS platform also proposes a means where content sharing won’t be a problem and this is done by combining content Delivery network and a peer to peer network to make available a space where channels can be personalized, creative content distributed easily and the opportunity for live videos to be streamed.

Token detail
The token of this platform is symbolized as VCT which are the tokens that users get paid with for their created content and can be exchanged to other cryptocurrency for the purpose of trading or conversion to fiat currency.

Benefit of the VTOS platform

Users of this platform enjoy monetization of their creative contents that would have otherwise been sold by other centralized social media governing bodies.
Users and content creators of this platform have the opportunity to tailor their content to follow or align with the needs of their fans or supporters which in turn increases the value of the content.
Users have full control over their tokens since the platform employs the use of Ethereum blockchain that support decentralized applications through smart contracts.

In conclusion, the VTOS platform will effectively launch the social media sector into the blockchain economy where all users can gain appreciably for their contributions.