INVEST NOW at https://foresting.io/
ABOUT FORESTING
Introducing the brand new mobile social media service based on blockchain technology
Next generation of social media based on blockchain
Want to learn more about the FORESTING NETWORK? Find out about the features of our app, as well as the philosophy behind our blockchain-based social media and decentralized platform in this video.
FORESTING BANK
“Creating a unique credit rating system”
Purpose of FORESTING Bank Establishment
At the center of the FORESTING Network is the user. In addition to providing content, users also contribute to the platform's growth with a variety of types of content. In particular, users may no longer rely on advertising companies and centralized platforms to directly exchange their content for real value. And as the influence of the FORESTING platform continues to grow in society, ‘Influencers’ will start to appear just like they did on YouTube and other platforms. It will emerge as another profession that children dream of.
Digicrypto Bank “Digital Bank + Crypto Bank”
Ⅰ. Challenges to Traditional Banks
It is already well known that traditional banks are conservative. Recent changes have also been made to these banking institutions. There has been the establishment of new overseas transfer services and security systems based on blockchain technology with traditional financial institutions and FinTech companies, document notarization, and mobile optimization activities, including consideration of the user's UX & UI. Financial innovation has been happening throughout the industry, such as finding ways to make improvements on the SWIFT system with blockchain technology, which has been slow and expensive for overseas transfers for about since 1973
It is already well known that traditional banks are conservative. Recent changes have also been made to these banking institutions. There has been the establishment of new overseas transfer services and security systems based on blockchain technology with traditional financial institutions and FinTech companies, document notarization, and mobile optimization activities, including consideration of the user's UX & UI. Financial innovation has been happening throughout the industry, such as finding ways to make improvements on the SWIFT system with blockchain technology, which has been slow and expensive for overseas transfers for about since 1973
Ⅱ. Traditional Credit Rating Method
The existing CSS Credit Evaluation Method predicts the customer's ability to repay their financial statements by viewing and grading the customer's financial history to provide information to financial institutions. Therefore, if CB does not have financial information data, financial activities such as loans and credit card issuance are restricted as new users cannot be assessed, even among customers with good repayment ability
The existing CSS Credit Evaluation Method predicts the customer's ability to repay their financial statements by viewing and grading the customer's financial history to provide information to financial institutions. Therefore, if CB does not have financial information data, financial activities such as loans and credit card issuance are restricted as new users cannot be assessed, even among customers with good repayment ability
Ⅲ. FORESTING Bank Credit Assessment Method
In addition to promoting credit rating through social activities, FORESTING Bank will introduce a credit rating structure according to its contribution assessment model, which only evaluates FORESTING platform contributions from FORESTING users. Every FORESTING user contributes to the growth of the FORESTING platform in a variety of ways, ranging from creating and sharing, as well as writing comments and viewing. Since the FORESTING platform's blockchain technology offers the benefit of complete transparency through a highly integrated structure, all submissions and transactions appear on the blockchain through timestamps.
In addition to promoting credit rating through social activities, FORESTING Bank will introduce a credit rating structure according to its contribution assessment model, which only evaluates FORESTING platform contributions from FORESTING users. Every FORESTING user contributes to the growth of the FORESTING platform in a variety of ways, ranging from creating and sharing, as well as writing comments and viewing. Since the FORESTING platform's blockchain technology offers the benefit of complete transparency through a highly integrated structure, all submissions and transactions appear on the blockchain through timestamps.
The Financial Innovation is the Innovation of Society.
FORESTING believes that the core of financial innovation is not technology rather the attention to society, but should be focused on problems faced by society and the actions we must take to address them. With the role of FORESTING Bank for the FORESTING Network, FORESTING Bank's vision of our society is clear. FORESTING Bank will contribute to society through constant challenges and innovation to enhance economic freedom and the value of life for more people in our society
PTON ECOSYSTEM
Leading the coin ecosystem to the next level
Value Model
The initial FORESTING system is built on the Ethereum network. As the project progresses, 24 billion PTON Tokens are swapped with the mPTON (tentative name) coins at a 1:1 rate after the mainnet launch. FORESTING Bank and PTON credit, which is a credit evaluation standard based on platform contributions that are connected with content creation and curation, will operate Token Economy
PTON Usage
PTON is a coin used in FORESTING. PTON’s market value determines the value of the reward pool for the participants that contribute to FORESTING. Unlike traditional mining methods, PTON is created by the contribution of participants to FORESTING. PTON guarantees that people who contribute to FORESTING benefit from the app.
PTON ECONOMY
There are many examples of the idea of decentralized digital money before the fame of Bitcoin, but Digicash (1992), Cybercach (1994), e-Gold (1996) are a few examples. But Bitcoin is the first subject to have no power, and at the same time create a system that all participants can trust.
Bitcoin is different from the previous technology because the system has incorporated, not only computer engineering and cryptographic factors, but also economic factors that drive participants' behavior. Until then, whatever technology was applied to the system, eventually someone had to maintain rules and order within the network with responsibility and authority. However, Bitcoin has created an 'incentive structure' to replace these rules and orders with protocols and at the same time to follow protocol rules. Bitcoin networks must be well structured to allow participants to benefit. A large number of people around the world are devising new services that use blockchain, such as Bitcoins, which have to be equipped with internal services and an economic system tailored to their needs. In the PTON Economy, you can easily design an economic system that runs on top of any DApp you create.
Bitcoin is different from the previous technology because the system has incorporated, not only computer engineering and cryptographic factors, but also economic factors that drive participants' behavior. Until then, whatever technology was applied to the system, eventually someone had to maintain rules and order within the network with responsibility and authority. However, Bitcoin has created an 'incentive structure' to replace these rules and orders with protocols and at the same time to follow protocol rules. Bitcoin networks must be well structured to allow participants to benefit. A large number of people around the world are devising new services that use blockchain, such as Bitcoins, which have to be equipped with internal services and an economic system tailored to their needs. In the PTON Economy, you can easily design an economic system that runs on top of any DApp you create.
Truffle Framework
VOTING SYSTEM
In social media services, service users try to express their opinions about a particular issue in the decision-making process. The network can give users the right to vote and collect opinions efficiently. The Forrester voting system combines voting rights and tokens into a pattern for collecting opinions.
In Voting Token, the voting rights can be either the token itself or a number on the network. FORESTING is gives a PTON CREDIT as a number on the network that is proportional to the PTON token.
In Voting Token, the voting rights can be either the token itself or a number on the network. FORESTING is gives a PTON CREDIT as a number on the network that is proportional to the PTON token.
PTON CREDIT
PTON credits represent a credit rating that is based on the user's credit rating for the use of the financial services of the FORESTING Bank, while at the same time the function of the token proportional to the 'Smart Contract' and indicates the level of influence.
COMMERCIAL REVENUE SHARE
Nearly all forms of media that exist today are centralized, and social media that emphasizes a free lifestyle are no exception. Rather, it is true that it is not free from various security issues such as censorship and hacking of surveillance institutions, or leaks of personal information. Recently, Facebook's personal information leak, which caused a massive worldwide impact, has confirmed this reality. It turned out that about 87 million sources personal information were leaked on Facebook and used for the last US presidential election campaigns
FORESTING SERVICE
Foresting will provide an intuitive blockchain-based social media platform with top class UX/UI and the technology to support a wide range of content, including images and videos.
1. Provide User-Friendly UX/UI
2. Is fully Optimised for all Devices
3. Features Categories for Different Interests
4. Support all forms of content
5. Brings you More Privacy Control
CORE FEATURES
Check out some of the key features and benefits of the FORESTING app which will be available to all of our users.
FORESTING NETWORK
The FORESTING Network was initially created to find the value of a new life in our society “Work four hours a day, share and manage your life”
TOKEN DISTRIBUTION
FORESTING Network will be based on PTON Token; an ethereum coin that is built on ERC-20. The majority of the token’s 24-Bn PTON issue will be for sale, while the rest will be distributed throughout the ecosystem.
So join now and invest at https://foresting.io/
Source- https://foresting.io/
MORE INFORMATION :
BTT ANN THREAD : https://bitcointalk.org/index.php?topic=4932181WEBSITE: https://foresting.io/FACEBOOK: https://www.facebook.com/forestingHQ/TWITTER: https://twitter.com/foresting_ioTELEGRAM: https://t.me/foresting_global
BOUNTY THREAD : https://bitcointalk.org/index.php?topic=4931943
Authorized By:
My Bitcointalk account : jagadlangit
My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
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