What is SocialX?
SocialX is a blockchain database that supports community development and social interaction with cryptococcal awards. SocialX combines the concepts of social media with lessons from building crypto and their community.
Centralized social media networks have certain related errors that SocialX is proposing to fix.
According to their original paper entitled "Executive Summary" SocialX has found three (3) major diseases in social networks that include:
1. Giving Social media users back ownership of their content.
2. Integrating freedom of speech as a central principle in our plarform
3. Building a Reward System is an awarded contributor to their content "
SocialX is the first decentralized photo and video app that will keep your JEMAH LIVES safely in one app. With SocialX it is not necessary to post your photos & videos on a centralized platform like Facebook or Instagram. Our platform uses the latest blockchain technology to ensure short loading times.
Popular social media networks fail to uphold the ideal of freedom of expression. We think that the centralized architecture of popular social networks puts them in a situation where complying with the laws and regulations of censorship is a must if they have to run a business. That's why SocialX is different.
SocialX is more than just a messenger. You can send smart payments and contracts to friends from within chats while enjoying the default encrypted messaging service, using a peer-to-peer protocol that does not rely on centralized servers. SocialX will provide the safest and most reliable chat app.
You share great content and the community values you for it. We believe great content should be appreciated even with a small number of followers. Our Upvoting System recognizes the value of your photos and videos, and rewards you with cryptocurrency.
SocialX intends to generate a total of 90 million SOCX tokens, half of which will be offered to early investors at a low initial price. The SOCX Token is a crypto of the SocialX platform that can be bought and sold on the cryptocurrency market.
There are several SocialX platform features that I find very interesting.
These features according to SocialX White paper are as follows:
1. There is no success for fake accounts and is liked or falsely favored. The community decides where
content is valuable
2.Can grabs and generates a lot of high quality content quickly
3. The value of the platform is passed to the user
4.Achieves data reliability with blockchain technology at a lower cost than before
5.Decentralize photos & videos. You have your own content
6. Give each photo or video a monetized value
7.Managing license & photo or video rights
8.Reward communities with SocialX tokens
9.Build a great community around what we love most about photos and videos
10.Reward community, means a fair reward for great and valuable content "
You can take advantage of this favorable investment structure by investing in SocialX ICO.
SocialX has a very powerful management team to make ICO work completely. Members of their core management team are the likes of Philip Henday (founder of ICO and CFO), Theodor Diaconu (Co-founder and CFO), Cihan Total (community manager), Oliver Nedved (Head of Design), Dennis Henke (Management Assistant) and Pascal Thelmann (creator of marketing and content) and many more that can not be mentioned here because of the time.
All SocialX funds during ICO will be held safely in multi-signature and hard wallets. This is the safest wallet in the blockchain industry.
According to the whitepaper statement SocialX.
We divided our roadmaps into three sections.
The first developments will show the technical development of SocialX.
Second, our Marketing roadmap because we believe in branding and smart marketing activities are good for Startup.
Lastly, we want to expand our business further which means we believe in the development of good business in terms of networking and business partnerships with the best of the best industries.
Chance
SocialX is an opportunity to express yourself without restrictions to interact with friends, family, and others who share the same interests. For those unfamiliar with this technology: blockchain will allow individuals to utilize decentralized networks to store images, videos, and data about trustless services that no one can see, so maintaining the privacy you need also enables the exchange of cryptococcus and the FIAT currency others.
We also believe that great developers are key because our platforms can grow exponentially, along with developers, increasing value for our users every day. Soon we will publish how developers can interact with communities within our platform.
SocialX is a great opportunity to be an early adopter, to study together as you grow; There is even a great opportunity to build a business within the network through licensing and data distribution.
Users are at the forefront of our minds throughout the process of making SocialX. What can they benefit from the most? Our conclusion: freedom and self-government. Size The long-term market markets we aim at are:
SNS (Social Networking Sites): 11.325 billion active social network users in January 2017
Share licenses for photos and videos: an estimated 2.3 billion US dollars (still global
the image market will exceed 4 billion US $ to 2020.)
Social Network Ads spend: 25.98 billion US $
Influencer marketing is $ 1.07 billion now that will reach 2.38 billion US dollars by 2019
Blockchain
Blockchain makes it possible to record ownership publicly in a distributed ledger. That's why we decided to use this technology for the foundation of the SocialX platform. We will use blockchain technology for our rewards mechanism and to decentralize our social network as much as possible.
We decided to use Ethereal to generate our token, SOCX. Why? Well, we do this because the ERC-20 tokens are easy to store and trade, and because of the smart contracting functionality and an increased adoption rate of the ERC-20 tokens on the main exchanges.
Tech Stack SocialX ecosystem will be built on the best technology for production - we believe in choosing the best pile of technologies available at the moment. Most of the blockchain technology is still in its early stages, but some are ready for production and some will be ready for production within the next 12 months. Regardless, each individual project will be closely monitored.
Speed and performance are important to users, so we have to use a hybrid solution that will combine the fastest client server architecture with the latest blockchain technology. We want users to have ecosystem solutions that they love for the many benefits we describe. However, the main long-term goal is to have a fully decentralized app on the blockchain, switching from a hybrid to 100% decentralized over a period of 6- 12 months.
Front
Reacting is a declarative JavaScript library, efficient, and flexible for building user interfaces. Your component tells React what you want to render, then Reacts efficiently updated and fits accordingly when your data changes. React has proven itself in web and mobile apps, so our continued knowledge with React makes this decision easy.
Database
BigchainDB fills the gap in the decentralized ecosystem: a decentralized database, on a large scale. This shows the performance of 1 million writes per throughput per second, storing petabytes of data, with sub-second latency.
BigchainDB design at
Detail Information:
Web: https://socialx.network
Whitepaper: https://socialx.network/whitepaper/
Facebook: https://www.facebook.com/socialxnet
Twitter: https://twitter.com/socialxnet
Bitcointalk ANN THREAD: https://bitcointalk.org/index.php?topic=2062117.0
Author: essella
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1183772
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