What is Foresting Project?
What is Foresting Project?
Foresting makes it possible for content creators from all over the world to get rewarded. The concept of this new social media token can turn your content into a currency. Foresting 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. 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.
Foresting participants a lab to support the Foresting community and content reators. Each of the three services is separated into their respective functions and roles to fulfill the core values of the Foresting network. In the 3rd generation Dapp era, we will move away from the centralized platform problems of existing social media, the leakage of personal information and abuse contents. We create a new social media ecosystem – blockchain SNS for freedom.
The Foresting network consists of the following blockchain-based services:
- social media platform to communicate and share information
- digital banking services for Foresting participants
- a lab to support the Foresting community and content creators.
- Each of the three services is separated into their respective functions and roles to fulfill the core values of the Foresting network.
In the 3rd generation Dapp era, we will move away from the centralized platform problems of existing social media, the leakage of personal information and abuse contents. We create a new social media ecosystem – blockchain SNS for freedom.
FORESTING Network Value Chain:
The FORESTING Network is set up 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
While each department’s respective functions and roles are separated, the core values of the FORESTING Network remain the same. They were designed in a structure in which they interact systematically and create synergies.
At the heart of FORESTING Network’s three departments are the FORESTING users. The level of content delivery and platform involvement by the FORESTING user defines the scalability and impact of the FORESTING Network. The starting point for the FORESTING Network mechanism comes from the content providers and participants. It is also associated with the core value of the FORESTING Network, a fair world created by participants.
FORESTING looks to introduce a new ecosystem consisting of a FOREST (community members) working on the concepts of Networking, connecting and interacting. The ecosystem also encompasses the following features:
Part of FORESTING operates as a blockchain social media platform that works under a decentralized system for fair value distribution.
The core of FORESTING Network is to provide financial services to sustain the content remuneration. That will be available through the digital finance institution, FORESTING Bank.
Besides supporting activities on the FORESTING Network, there is also support for communities and marketing activities of the content creators.
PTON is a coin used in FORESTING. PTON’s market value determines the value of the reward pool for the participants that contribute to FORESTING. Unlike traditional mining methods, PTON is created by the contribution of participants to FORESTING. PTON guarantees that people who contribute to FORESTING benefit from the app.
Token Sales Detail:
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.
PreICO Price: 1 ETH = 50,000 PTONs
Price: 1 ETH = 33,333 PTONs
Minimum investment: 1 ETH
Soft cap: 90,000 EH
Hard cap:170,000 ETH
For more information:
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373