What is Subsocial Network? Complete set of Subsocial Network & SUB tokens

• Overview of the Subsocial Network project
• Overview of the SUB . token
• summary

Overview of the Subsocial Network project

What is Subsocial Network?

Subsocial Network is an open source platform that allows anyone to launch their own social networks and DeFi marketplaces. In a more understandable way, Subsocial Network is a decentralized version of social networking sites like Medium, Twitter, Reddit, Instagram, OnlyFans…

Subsocial Network was created to solve some of the problems facing social networks today:

User's content is controlled by the developer : Social network developers now have full control over the content of their posts, user's social media usage habits, etc.

For example, Facebook will hold all user information and data. Also, if Facebook detects that users are behaving unusually and violating policies, their accounts may be locked.

Available and non-customizable interfaces : The look and feel of social networking sites is pre-designed by the developer.

High level of competition : Popular social networks now have a certain number of users. This makes it difficult for new social networks to compete with the old ones.

Outstanding technology of Subsocial Network

Subsocial Network builds on Polkadot's Substrate, allowing it to connect easily to the Polkadot and Kusama networks. Subsocial Network also uses cross-chain technology to help users as well as project developers easily interact between 2 or more different blockchains without any intermediary. In addition, Subsocial Network uses IPFS protocol to help users download, store and manage data more flexibly.

Explanation of words : The Interplanetary File System (IPFS) is a protocol that allows users to load, store, share, and manage data dynamically and completely decentralized.

Some key features of Subsocial Network

Monetization feature : Subsocial Network allows users to take full ownership of their own information, data, post content, creations. With this platform, users can freely monetize their content without being controlled and managed by any intermediaries.

Tips money feature : Every post, author's comment and reader can get Tips money. With this feature, the author can Tips for good comments/feedback in his post. Conversely, readers can give tips to authors who have useful posts on Subsocial Network.

In addition, in the future, Subsocial Network will also implement Pay-Per-View monetization (paying authors based on views).

Subsocial Network developers, advisors, investors and partners

Subsocial Network's development team

Subsocial Network's development team includes Alex Siman, Oleh Melnychuk, Vlad Proschavaev, Vlad Samchuk and several other technologists.

Subsocial Network's development team

Subsocial Network advisors include:

• Shawn Tabrizi : Core developer at Parity Technologies company
• Samuel Häfner : Economic Researcher at the Web3 Foundation
• JAM : Alumni at Parity Technologies
• Edward Thomson : Senior Manager at Web3 Foundation

Subsocial Network's advisory team

Investor of Subsocial Network

Subsocial Network has attracted many large investment funds such as Alameda Research, NGC Ventures, Signum Capital, Hypersphere, Illusionist Group, Paka...

Investor of Subsocial Network

Partner of Subsocial Network

Subsocial Network's partners include OpenSquare Network, Integrite Network, Acala , Karura .

Partner of Subsocial Network

Subsocial Network's development roadmap

Q1 2021 : Subsocial Network will allow users to create content and improve the access speed of the official website. In addition, the development team will run a test of Subsocial Network on Rococo.

Q2 2021 : Subsocial Network upgrades the source code of Subsocial Node on Substrate V3. At the same time, the project will launch the Polkaverse community for Polkadot and Kusama investors. In addition, Subsocial Network released the first version of the Flutter SDK software.

Q3 2021 : Subsocial Network deploys Parachain auction on Kusama and upgrade many new features for Polkaverse. In addition, Subsocial Network also publishes more content to help authors attract views and comments on this platform.

Q4 2021 : Subsocial Network will launch Mainnet and develop one more mobile app.

Overview of the SUB . token

What is the SUB token used for?

SUB is the native token of Subsocial Network and has the following main functions:

• Payment of transaction fees : Users will use SUB to pay for all activities such as reading content, tips for authors/readers on Subsocial Network.
• Contributor rewards : Users can get bonuses from content creation on Subsocial Network.
• Participation in governance (Governance) : SUB owners have the right to propose and contribute ideas to help developers build Subsocial Network projects.

Information about the SUB . token

• Token Name : Subsocial Network
• Ticker : SUB.
• Blockchain : Updating
• Smart contract : Updating
• Total Supply : 100,000,000 SUB
• Circulating Supply : 250,000 SUB

Allocate SUB . tokens

• Private Token Sales : 10%
• Team & Advisors : 25%
• Marketing : 10%
• Development Grants : 15%
• Kusama PLO : 25%
• Content Creators : 5%
• Collectors : 5%
• Airdrops to existing communities : 5%

Allocate SUB . tokens

How to store and own SUB . tokens

Currently, the SUB token is not listed on cryptocurrency exchanges. However, in the near future investors can join Subsocial Network's Crowdloan to receive a reward of SUB tokens.

summary

Thus, TraderH4 has just brought to you all information about the Subsocial Network project and the SUB token. Subsocial Network is one of the first 17 projects to participate in the Substrate Builders Business Development and Technical Support Program organized by Parity. With a unique idea, Subsocial Network has attracted the attention of many large investment funds and partners. In addition, in the near future, Subsocial Network will deploy Parachain auction on Kusama, if the project wins, it will become  Parachain . Therefore, in the future, this project will develop even more.

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