As Mark Zuckerberg once said: ‘Make the world more open and connected’. This idea was asked by the Foresting team when it worked on the concept of the Foresting social media. Already more than three billion people use social media. Social media have become the main platform for the actions of modern people. A digital space where you can share your thoughts, communicate, create something new, etc. became one of the most demanded and already necessary attributes of the life of modern man. But very few people know that all the content and user information is used and monetized mostly not by users, by platforms themselves. Such a centralization is one of the problems necessary to overcoming. The main goal of the Forecasting platform is to encourage the creation of content and to establish a solid foundation for realizing the potential of content makers. Foresting offers us the opportunity to create your content and immediately monetize it without intermediaries and without advertising.
Foresting Bank
This bank will be a digital financial service capable of integrating current banking services. This service will combine the functions of digital and crypto bank. In addition to the fact that using Foresting you will improve your credit data by your social activity, all the value of bank trust to you will be measured by a new method. Since all transaction data is permanently recorded in a blockchain ledger, this data can be considered the most reliable source of income information. The Foresting bank collects this data to determine the importance of such factors as the degree of communication with the public, the creation of content, the safety of coins and the contribution to the platform. The Foresting Bank will create a new method for assessing the creditworthiness of users by analyzing their contribution to the platform.
Distribution of PTON tokens
PTON is a coin of the Foresting platform. The market value of PTON determines the reward pool distributed to users of Foresting. The feature of this coin is that it gives out for development of the network, for example, the creation of content. PTON is built on Ethereum blockchain and has ERC-20 type. PTON will be sold for Ethereum: 1 ETH= 49 999.5 PTON at the presale stage and 1 ETH= 33 333 PTON at the main sale stage. In total, 24 billion tokens will be issued. The distribution: 40 % of the total number of PTON will be sold during the ICO stages, 25% will be distributed between the founders and the project team, another 10% will be allocated to the marketing program and project consultants, another 10% will be spent on partner programs, a pool of 10 % tokens will serve as a source of reward for user content and the remaining 5% will be sent to the reserve.
Stages of development
First quarter 2018:
- Establishment of the Foresting Foundation
- Writing a white paper of version 0.5
Second quarter 2018: - Writing a white paper of version 0.8
- Writing a yellow book of version 0.5
- Private pre-sale of tokens
- Start planning structure of blockchain component of the platform
- Holding the Decentalk meeting to present the project to the public
- Holding the Foresting Tech Summit 2018
Third quarter 2018: - Issue of a white paper of version 1.0
- Foresting hackathon
- Foresting Talk Concert-meeting with creators of content to present the advantages of the Foresting platform
- Public presale stage
- Foresting Meetup- meeting with Foresting represents
- ICO
- Alpha stage of platform testing
Fourth quarter of 2018: - Formation of the platform token on internal and external exchanges
- Beta stage of project testing
- When launching the main network, Foresting targets 600 million users, while the project already has a database of six hundred million candidates.
Foresting Partners
The partners of the project are becoming more and more. The Foresting partners are well-known global companies, such as Google, SONY, FOX, WarnerBros, UniversalStudio, 20thCenturyFox, Walmart, Tide, BBC, Loreal. If such giants of the industry saw the potential in this project, then it definitely costs a lot.
Conclusion
The Foresting represents actively interact with the public, there were many meetings where future users knew the advantages of the Foresting platform, meeting of content creators where content creators knew the Foresting Lab and monetization of content directly through the platform. Such actions serve as a reliable indicator of a good project that aims to improve the position of users of social media, as well as content creators. With the help of blockchain technology, Foresting will be the best platform for placing video, photo, text and other various kinds of content. Full transparency of the data will allow the creators to receive all the glory of wealth and recognition for their creativity. Blockchain technology will not allow duplication or theft of other people's content. With the voting system, Foresting controls fraudulent schemes, and this is very different from modern centralized platforms. This platform is one of the best examples of the use of blockchain technology. Foresting already has a huge support from both partners and from its community, this project is exactly waiting for success and, of course, multiplying the investment.
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
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