SocialX - Social Interaction With Cryptocurrency reward

Februari 15, 2018

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What is SocialX?

SocialX is a decentralized social media platform allowing users to distribute content seamlessly. Just imagine: photo and videos app that will store your files decentrally and securely in a single platform; built-in license management will enable you to decide if you want to sell SOCX tokens. SocialX is a community-driven project developed with the best interest at heart.

frontpage social interactions wtih currency rewards

We launched SocialX to solve many issues with mainstream, centralized social

media: SocialX has 10 points traditional social networks lack.

1. No success for fake accounts and fake likes / followers. The community decides what content is

valuable

2. Can reach and produce a lot of high-quality content quickly

3. The value of the platform is passed on to the users

4. Achieves reliability of data with blockchain technology with lower costs than ever before

5. Decentralized 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, photos and videos

10.Rewarding the community means fair rewards for valuable content

Please refer for further explanation to https://socialx.network

Social Media in the Current Ecosystem

Our goal at SocialX is to not only reduce social barriers, but all barriers caused as a result of online

interaction and centralized censorship. Blockchain technology is a distributed database used to

maintain a continuously growing list of records, called blocks. Each block contains a timestamp and

a link to a previous block. A blockchain is typically managed by a peer-to-peer network collectively

adhering to a protocol for validating new blocks. Decentralized systems and tokens are a revolutionary concept on the blockchain, allowing various types of DAOs (decentralized autonomous

organizations) to create solutions to our current centralized problems.

Introducing a decentralized social media platform based on the blockchain as a foundation for

developing an entire decentralized ecosystem; it will draw attention to the blockchain technology and

its potential, with regulators and worldwide organizations already taking note. There is an opportunity right now for a project that may disrupt major industries; with change comes a challenge, but SocialX is prepared to tackle it head-on.

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 learn together as you grow; There is even a great opportunity to build a business within the network through licensing and data distribution.

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.

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.

Wallet / Exchange

We plan to integrate the wallet system into the SocialX ecosystem. This wallet will receive SOCX tokens from SocialX Reward System and can be used to store and retrieve SOCX tokens. In the long run, we want to expand the possibility for users to purchase SOCX tokens in our app through fiat currency to make ecosystems available in the mass market. We also look closely at partnerships with payment acquisition companies, credit card companies and projects like TenX

Roadmap