Solcial

Solcial wants to introduce a mobile application for iOS and Android operating systems, as well as a desktop application and a web version, which is available without downloading. On Solcial, each user has his own token that allows him to invest directly in people. Upon registration, each user receives 1 million coins, which he can dispose of at his discretion. This reserve is fixed and the same for everyone. These coins belong to you, you can keep them or sell or exchange them within this platform. It is possible to monetize your content by having a token linked directly to the user, with its own price and market capitalization. Thus, content creators become public companies. You can set a price for your token and see how your audience reacts and whether they are willing to buy tokens at that price. To cash out your income you need to sell some of your tokens in your pool, in return you get SLCL. And then exchange the SLCL in a convenient way. 

To follow people, Solcial.io has 3 levels of subscription:

• Level 1 is a basic subscription level, you can subscribe to someone for free to access their publicly available content (similar to Twitter or Instagram)
• Level 2-3 is a subscription that allows access to the user’s personal content. Subscribers must own the token of the user they want to subscribe to, that is, they must become an investor, thereby encouraging them to create future content. Thus, a kind of “invest-for-subscription” system appears, where users will buy the author’s tokens to explore his content online. This idea is very fresh and interesting in terms of the economic literacy of each user.

As of version 1, you can post images and text online, later the creators will allow more types of content such as video and music. You will also have the ability to trade NFT directly from the application.

The SLCL token

What do we know about the Solcial token? This token will be used internally to vote on changes to the social network, and also to pay a commission. Solcial workers will charge 0.5% for each transaction and burn half, which will create a deflationary model. Also, your personal tokens can be traded to the SLC pair, which will create the scope of using this coin as a kind of intermediary. On Solcial both creators and users will be able to make money. Unlike Web 2.0 platforms, users will be able to invest directly in content creators and earn as they develop. This feature doesn’t take subscribers aside. It allows users to not only watch the content creator grow, but also allows subscribers to join in.

The SLCL performs three functions:

• Voting on the DAO (a kind of decentralized autonomous organization needed to solve problems).  It is possible to vote for the future decisions of the platform, what to undertake for development and what not, what direction to choose, etc. Each token holder will be able to vote on the DAO in proportion to their ownership of the SLCL;
• To have a discount on trading fees;
• To buy another person’s tokens. To buy someone’s token on Solcial.io you will need SLCL as the base currency. Each user is allocated one million coins upon registration. The greater the significance, the higher the value of a particular coin. You can also speculate, if you see potential in a person, you can invest in their coins. 

There may be no more than a billion Solcial tokens in general circulation, but they will be unlocked within 3 years. The launch was on April 1, 2022, the token is already on the market and it’s trading. 

Areas among which tokens will be distributed:

• 19% to Marketing and Partnerships – tokens are intended for new potential partners, and will also be used to provide liquidity on various exchanges;
• 10% to Community Allocation – recruiting new communities, including a public sale;
• 10% to Private Investors – for investors who invested in the second half of 2021; 
• 20% to the Team, Advisors and Strategic partners – for developers who are creating a new network on the web3;
• 25% to the Ecosystem Incentive Fund – a special reward for Scouts and Senior Scouts, which will be paid in tokens. It is worth noting that there will be a limited number of scouts;
• 25% to the Treasury Reserve Fund – it will be used at a later date.

Currently, the Solcial token is trading at $0.1356 with a market capitalization of $3,812,272. At the moment, the token can be bought on four exchanges KuCoin, MEXC, Raydium and Jupiter for USDT(Tether) and USDC(USD Coin). The lowest price for 1 SLCL on Jupiter at the moment. The community has not yet seen what the platform looks like, but if you have studied the information about it well and are interested, it is worth buying a small amount of SLCL. Since the token is likely to be in demand and grow, due to the stated features it will be in circulation all the time. 

One of the most important advantages is that there is no censorship

Since most social networks are based on web 2.0, at the helm are people with a lot of power and money, which, in one way or another, are interested in control. Since most social networks are based on web 2.0, at the helm are people with a lot of power and money, which, in one way or another, are interested in control. Basically, it is the owner who is responsible for all possible violations. The difference between Solcial and other social networks is that the project will protect freedom of speech, regardless of who is in power. The fate of content will be decided by a group of people like you and me, that is, there will not be one person in charge who will decide for everyone. The main player on Solcial is the user.

Solcial.io also boldly declares that they will have no censorship. The Solcial is Solana-based and advocates freedom of speech and the abolition of censorship. According to the idea, you can’t censor content, if you post something, it can stay posted forever as long as someone, somewhere thinks that content is important, and can’t be removed or overridden by any other party or authority. All user content (feeds, posts, likes, etc.) is stored on IPFS and is accessible through the P2P layer created by Solcial‘s developers. Thus, it does not rely on censored servers or gateways. And all transactions related to tokens (mining, trading, exchange, etc.) take place on the Solana blockchain.

If this network is so safe that you can express yourself freely and no one will block content because of decentralization, then how will the creators deal with illegal content? The answer torments anyone who has encountered such projects, which in turn want to be free of the government, but the authorities still try to regulate the network. And so, the answer is simple. The network will have a voting system and a complaint system for content that falls outside of the laws of the world (e.g., child porn, beheadings, terrorist discussions, etc.). So, if you have seen content on a social network that violates all the legal standards of the world and do not want such information to walk all over the Web, you can file a complaint along with other supporters of common sense and with a large enough percentage of complaints about the content posts will be considered by the administration and in the worst case hidden. But if some community somewhere thinks that this content is important and should be seen, they can just continue to anchor the content on IPFS and broadcast it through their nodes. That way, it will be visible to them through their direct links, but not visible in the UI to a wider audience. To ensure the Solcial security, they cooperate with Kudelski security (the firm that audited Solana itself).