Foresting a Blockchain based rewarding Social Media

Foresting Connects the World

What if you can be paid for creating content?  SNS influencers make a lot of money on Instagram, Youtube, and Steemit.  However, those are only the top 1%.  The rest do not get a dime, yet most of the content comes from the general public.  Korean startup Foresting is looking to use the Blockchain technology to create a social media platform where every content provider gets something back.  Those that join do not have to be experts but rather have something they are passionate about.  This will allow anyone in the world to make money and be a part of a community that strives to use social media for good.

ForestingForesting will be different from the other Social Media Blockchain social media platforms.  Their platform will be easy to use and trading of tokens will be fast and easy.  It will support all forms of content from blogs, to images, to videos.  The token will be called PTON.  This will be the token used to pay out to content creators.  However, this platform is so much more.  They offer a banking service called Foresting Bank which will have their very own unique credit rating system.  The credit rating system will be based on the user’s value within the ecosystem.  Think about it.  If a user’s credit is low in the real world….they will be able to start fresh at Foresting.

Korean Startup ForestingIntroducing Foresting Bank

Foresting Bank will offer digital banking services for their content creators.  They will have a credit rating based on the user’s strength within this community.  Users will be able to build their credit on the platform and then be able to utilize the Bank to take out loans or for financing.

Finally, they will set up a revolutionary system for social change called the Foresting Foundation.  This will be a non-profit crowd donation system to help the community.  The first plan is to set up an offline shared working space for content providers.  At this co-working space, content creators will have access to cameras, videos, computers, and other content creators for possible partnerships.

Foresting will be the next evolution in social media.  It will be a place to network, connect, interact, and get rewards.  They are looking to take the power out of centralized social media platforms and give it back to the people, the content creators.  The CEO of Foresting Daniel Eom recently gave a presentation at BitForum 2018 Spring.

Foresting “Through Foresting, realize the value of a new life.  Work four hours, communicate with the world, and lead your own life.”

What separates Foresting form Steemit will be their efforts to make sure there is a fair value distribution system in place.  This way there won’t be a handful of “whales” reaping all the rewards with nothing left for the other contributors.  “The rich get richer” idea of social media influencers will be completely changed.

John Yoon

John Yoon is the Editor in Chief at Startup Radar, Organizer for Startup Festival 2017, Head of Operations Korea at EOS Asia and the Global Marketing Director for Email = if you are interested in guest contributing and helping the Korean startup ecosystem. Wechat, Kakao, and Line user ID is jswy315

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