Solcial Official Partnership With Solstarter
Solcial is a decentralised social network on the Solana blockchain. Solcial allows anyone to share content in a fully permissionless way, avoiding censorship, and rewarding users and content creators in a fair manner.
Web 3.0 brings with it the opportunity to address all the shortcomings of Web 2.0 social media. The technology is now ready. That is exactly why Solcial is building a Web 3.0 social network; a truly open crypto platform for networking and monetization.
By building Solcial on a P2P layer anchored in the Solana blockchain, the team are, by design, unable to censor content. All the activity will happen on-chain in a truly open, permissionless and uncensorable way.
Users have the ability to interact with friends and key opinion leaders by writing posts and comments. As well as sharing their trade ideas using real time data to their community of supporters. What’s more, they may purchase NFTs directly from friends and followers. They can also engage with their favourite artists or celebrities through in-built NFT galleries.
Solcial is developing new ways for creators to earn and allow their fans to grow with them.
- Solcial works with the main Solcial token (SLCL), which allows users to get access to some content, free discounts on the platform, governance rights on the platform’s future, and other special features.
- Your Own Token. Each user will also have their own tokens, which are initially owned only by the user, until he/she decides to sell them to monetize their services. You are minted 1 million coins when you sign up, that supply is fixed and the same for everyone.
- Invest-for-Subscription Model. Then to follow people there are 3 subscription levels: you can follow someone for free (Tier 1) to access their public content (similar to Twitter or Instagram), and to access their private content (Tier 2 or Tier 3) you need to own their token, to be an investor in them.
- Effectively each content producer turns themselves into a business, with their own market cap, where customers are also shareholders.
- Anyone can buy or sell these tokens, and withdraw them to their own wallets. The platform is fully open, in the true crypto spirit.
Bringing Back Internet Privacy
All of this is being achieved without the need to collect users data and sell it to the highest bidder. All user content is stored IPFS meaning Solcial does not keep, store or sell any user data.
With executive level leadership backgrounds, blue chip experience and decentralised storage expertise, the Solcial team couldn’t be better positioned to bring this vision to life. Team past experience includes Goldman Sachs, Apple and 30-under-30 nominations.
In their seed round led by Alameda Research, Solcial raised $2.9 million with participation from Solana Capital, Rarestone Capital, GBV, Kucoin Labs and NOIA Capital.
The funding is being put to excellent use. Helping towards hiring, marketing and product development of the social network.
Solstarter uses a lottery system to guarantee winners a guaranteed allocation in a pool. It’s a fair and simple process; allocations are split evenly, with allocations given to successful applicants. Solstarter’s mission is to bring high quality projects and products to individuals across the world in a fair and decentralized manner.
ABOUT Solcial
Solcial is a decentralized social network on the Solana blockchain. Solcial allows anyone to share content in a fully permissionless way, avoiding censorship, and rewarding users and content creators in a fair manner. A truly open crypto platform for social networking and monetization.
ABOUT Solstarter
Solstarter empowers launchpad projects to raise liquidity in a fair & decentralized manner.
RESOURCES
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