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Around one year after our successful ICO we are proud to present our SocialX-App !

SocialX is an application based on the blockchain technology that supports community building and
social interaction with cryptocurrency rewards. We combine concepts from social media with the latest
advances in cryptography and distributed ledger technology. On our platform, users can share photos
and videos, send encrypted messages, payments, stream live streams and sell licenses for their creative
content.

Our App stores your data like fotos and videos decentrally and securely in a single platform
combinded with a built-in license management that will allow you to decide if you want to keep your photos private
or if you would like to sell photo-rights to others in exchange for SOCX tokens. SocialX is a community-driven project
developed with the user's best interest at heart.

Control your own data
Centralized servers are currently sending your data from Europe to the US and vice versa and you don't
really know who is actually able to read this data; it’s possible that hosted data may be accessed with or
without the approval or knowledge of the customer.

Take license management into your own hand
Anyone can take your images and use them as their own on social media platforms, like Instagram.
According to analysts, the global still image market will reach 4.46 billion USD by 2020[1]. SocialX wants
to makes sure you get rewarded for your creative content at the same time as making it easy for others
to use it legally.

Centralized platforms are easy targets
Have you ever thought about how many times the big social networks were attacked by cybercrime?
Recent hacks were even possible at big corporations like Yahoo; do you really want to put your privacy at
risk just to remain part of a centralized system? Why not bring your identity offline, where you are the
only one who can edit it? These days you can even store your cryptocurrency on a USB stick, so why not
your identity?

Creative content, when compensated, is undervalued for content creators
Livestreams and videos are huge these days, but the big 4 are just giving away a small percentage to
content creators; maybe that is one of the reasons they quit making content for their audience? But do
we really have to accept this? Why not hand it over to the community and let them decide how big the
incentive should be for the content creator?

Better advertising experience with rewards
Digital advertising is overrun by middlemen, trackers and fraud. Get a better advertising experience
controlling the data you want to give to the platform and be very close with your brands which you wear,
use or admire during the day. Engage with them and be rewarded.

Users are abused
● Up to 50% of the average user’s mobile data is for ads and trackers, costing as much as $23 a month.
● Ads use about 5 seconds of mobile load time on average.
● Ads decrease phone battery life by as much as 21%.
● Privacy is violated when large media sites host up to 70 trackers.
● Malware (malvertisements, ransom-ware) is up 132% in one year

Publishers are hurting
● Google and Facebook take 73% of all ad dollars and 99% of all growth.
● Revenue is recently down 66%.
● Bots inflicted $7.2 billion in fraud last year.
● Over 600 million phones and desktops run ad-blocking.
● Publishers cannot seamlessly monetize value-added services.

Advertisers are losing
● Advertisers lack good information on what they are paying for.
● Marketers are often fooled by bogus websites and bots that commit fraud.
● Targeting is poor, making users more likely to ignore ads.

Censorship
Turkey banned Facebook and Whatsapp, North Korea banned Facebook, Twitter and YouTube.
The world has changed and big governments are able to censor like this as a result of centralized infrastructure.

Our approach is different and unique:
We strictly forbid child porn, human trafficking, drugs, terrorism and more. We will empower our
community to forbid content if they think it is not following the SocialX community guidelines. Everyone
who engages within the community to maintain this environment will also be rewarded, so that we set a
healthy incentive for people to manage content. As SocialX will be decentralized, we are not able to fully
forbid or prevent the above mentioned topics, but we will help our voted community managers with tools
and algorithms to easily access NSFW content and flag it as inappropriate.

Fake followers and abusive influencer marketing
Recent studies and experiments have shown that buying followers, likes and comments is easier than
before, which brings abusive behaviour into the industry of influencer marketing. We at SocialX believe
there should be a better, safer mechanism to bring brands together with credible users within the
platform. Through our algorithms we will be able to match marketers with credible users who identify
themselves as brand ambassadors. The weight of likes for users with no content or low seniority within
the system should be less than a senior user with lots of good content. Users should be not be able to
purchase influence like at STEEMIT; we believe users should only be able to earn influence.

   

We will use peers and super peers in our architecture in order to have a enough computational power and storage, allowing SocialX to run as efficiently
and safe as possible.Database peers save the data from SocialX and distribute it to the users. In the database peers we save e.g. user data, post data
and comments. Media e.g. photos and videos will not be saved in the database peers as we are using the IPFS for storing these larger files.Everyone is
invited to run a database peer. This way we can increase the grade of decentralisation for SocialX. Database peer also sync peer-to-peer to other peers.

How can I earn financial rewards?

All day long people on social media are showing appreciation (likes, comments and shares) for other people’s content. It’s great to receive such attention and recognition,
but what if you could receive a financial recognition? On SocialX you get rewarded for publishing your own photos and videos. Your followers can like your posts and add comments,
but here’s where it gets really interesting…they can also Superlike your photos and videos!

Users can give likes (no monetisation) and limited SuperLikes (monetisation). We give the power back to the user, who in turn produces content for the community and the world.
When you send or receive Superlikes, SocialX taps into its own pool of available cryptocurrency SOCX tokens (stored in the SocialX reward pool),
which will then be released to the person receiving Superlikes. A great way to earn an additional stream of income!