If you ever thought about how Facebook, youtube, twitch on blockchain or Steemit with themes beyond the edge of blockchain will look, then this project is for you. The word Foresting is a conjunction of the words forest and networking, connecting, interacting, rewarding. These verbs determine purpose and function of this platform. Foresting will become universal blockchain social media that covers all kinds of content: images, text, videos and live broadcasts. Foresting can be represented as Instagram, Facebook, Twitter and Twitch in one place. The principal object of this platform is to encourage to create content and to reward adequately its creators. Foresting consists of three fundamental parts: Foresting social media based on blockchain technology, Foresting Bank provided financial services and Foresting Labs institution which contributes to the successful development of the project.
Foresting social network
Foresting will be accessible to any ordinary user who doesn’t have attainments in the field of cryptocurrency or blockchain technology. This social media has a fairly simple and correct concept: distribute the profit from the realization of content among all who contributed to its creation. With this model of rewards, content creators no longer need to rely on donations of their fans and advertising revenue, because their content will be immediately monetized without any intermediaries. Users of the platform will receive revenue from almost all activities: from posting content, writing comments and likes.
Foresting Bank
This system is responsible for the sphere of financial services and platform services. Users will be presented with various financial services corresponding to their contribution to the platform, namely their connections, content quality, number of coins purchased and number of transactions.With Foresting Bank anyone will be able to improve his credit history. Foresting Bank will be responsible for all processes of input/output of funds to/from the platform.
Foresting Lab
Earlier we said that the Foresting Lab contributes to the successful development of Foresting, but we didn’t tell how. This unique institution encourages content creators to continue moving towards their dreams even if their financial situation doesn’t allow it. The Foresting Lab provides the Foresting community and even individual content creators with infrastructure necessary to create content. The Foresting Lab provides content creators with space and equipment. This institution is accessible to any participant of the Foresting network and is aimed at developing and uniting the
Foresting community.
Founders
The founders who created the concept and maintain it to this day.
David Kim- the creator of Foresting. His work is aimed at accelerating the growth of startups and new beginnings. Now he is a CEO of 500V.
Daniel Eom- Chief Executive Officer in Foresting. Daniel got a bachelor degree from Department of Business and Economics in CTU. One of the Daniel’s traits is the creation of companies that over time brought in revenue.The first Daniel’s job is the McKinsey company, he was a business analyst from 2011 to 2014. In August 2014 Daniel became a team lead in the merger and acquisition process at 500V. In December 2017 Daniel became a Chief Director for 500V2 and has worked for this post for 4 months. And at this moment he is still a CEO of Foresting. This is a very much great example of regular business analyst that has come a long way, getting out of the ranks of ordinary employees at the top of the management team for seven years of hard work.
TJ Park is the last of the four heads of Foresting. TJ finished the Ohio State University, where he received a degree in communications. TJ has a wealth of experience, 10 years since 2000 he worked at Samsung as a director of recruiting. From December 2013 to this day, TJ has been a CEO of SR Innovation. And, finally, in March 2018 he joined the ranks of the founders of Foresting. TJ specializes in marketing, namely marketing strategies.
Conclusion
How much can a regular newcomer in the field of social content be motivated? It is clear that successful persons are motivated by their income, rich fan base and other advantages, and what about those who have just begun their development? Foresting provides a new model of monetization content that will motivate the creation of more and better content even for novice content creators. No one will be left behind, with the help of Foresting, everyone who contributed to the creation of content will receive their share of income. Foresting will rethink the notion of social media and bring a huge income to its investors.
You can find more detail on the official web-site: https://foresting.io
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
Bounty campaign will be managed by https://t.me/CSBounty.
Antiplagiat: https://text.ru/antiplagiat/5b87d106a3f4a
Btt: https://bitcointalk.org/index.php?action=profile;u=1315443
Hmm this sure does sound interesting! Nice detailed post:)
There are so many blockchain ‘social media’ platforms coming out, u.network, appics, narrative, foresting etc.... I wonder if these will takeover or if it will become over saturated?
Or if Facebook, Twitter and YouTube release their own coin and they remain at the top by rewarding all users... that will be crazy. I don’t think Facebook could do that as over 1billion people will start earning, maybe they will have a super high priced and hard to earn coin.. who knows! Times be a changing!