SocialX Blockchain Network is a decentralized Social media that is set to take over the social networks. Investing in a social media startup company is not a new concept. We have had social communities like Facebook, Twitter and most recently Steemit, however Facebook and Twitter are centralized Social media while Steemit is decentralized one. However SocialX wants to join the decentralized social network community where user’s freedom is totally guarantee.
Centralized social media networks have certain associated errors which SocialX is posed to correct.
According to their original White paper titled “Executive Summary” SocialX has come to correct three(3) Major ills in social networks which include:
“1.Giving Social media users back the ownership of their content.
2. Integrating freedom of speech as a core priniciple in our plarform
3. Building a Reward System were contributors are rewarded of their content”
The aim of SocialX ICO is to raise the necessary funds to build a perfect decentralized platform for social blockchain users Online.
SocialX intend to generate a total of 90 million SOCX tokens half of which will be offered to early investors at an initial low price. SOCX Token is the cryptocurrency of SocialX platform which can be bought and sold in the cryptocurrency market.
During the ICO SocialX will launch a 5 tier bonus structure that will look like this:
Tier 1: 1 hour : 50% bonus
Tier 2: 24 hours: 25% bonus
Tier 3: 48 hours: 10% bonus
Tier 4: 3 days : 5% bonus
Tier 5: 7 days : 0% bonus
You can avail yourself with this profitable investment structure by investing in SocialX ICO.
SocialX has a very strong management team to make the ICO completely successfully. Their core management team members include persons like Philip Henday(ICO founder and CFO), Theodor Diaconu(Co-founder and CFO), Cihan Total(Community manager), Oliver Nedved(Head of Design), Dennis Henke(Management Assistant) and Pascal Thelmann(marketing and content creators) and so many others which could not mentioned here due to time.
All SocialX funds during the ICO will be held safely in multi-signature and hard wallets. These are the safest wallets in the blockchain industry.
According to SocialX whitepaper statement .
“All Accounts will be made transparent after the ICO finished for all participants to monitor and audit at any time. Management & Team funds will be paid out over a time of 24 months according to the
pre-defined work packages”
There are certain features of SocialX platform that seems to me very interesting.
These features according to SocialX White paper are as follows:
“1.No success for fake accounts and fake likes or followers. The community decides which
content is valuable
2.Can reach and produce a lot of high quality content quickly
3.The value of the platform is passed onto the user’s
4.Achieves reliability of data with blockchain technology with lower cost than ever before
5.Decentralize photos & videos. You own your own content
6.Give every photo or video a monetized value
7.Manage licenses & rights of photos or videos
8.Reward the community with SocialX tokens
9.Build a great community around what we love the most which is photos and videos
10.Reward the community, means fair rewards for great and valuable content”
SocialX is also running various Online campaigns to raise awareness. Some of these campaigns include social media, blog posts, signature campaign respectively.
SocialX offers 2% of all Tokens for the bounty campaigns collected during the ICO to interested participant. You can join these bounty campaigns and earn SOCX Tokens. However there are certain basic requirement set for these campaigns.
In Conclusion this is what SocialX whitepaper is quoted as saying: