FUTURE OF SOCIAL CRYPTO PLATFORM IN 2021

FUTURE OF SOCIAL CRYPTO PLATFORM IN 2021

By mummyrio | SIDECHAINNEWS | 13 Aug 2020


There are new social media platform released in 2020. One of the most phenomenal is voice.com. Voice.com started from the bought the most expensive domain name. Block.one , a blockchain company bought voice.com domain name for 30 Million USD. It was one of the most expensive domain price in history. 

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Image Pixabay 

Block.one bought expensive domain name for creating social crypto platform. Voice.com is not fully launched now. The developers still work to make voice.com become a reputable social media cryptocurrency. The platform will be planed on eos blockchain. 

SOCIAL MEDIA BLOCKCHAIN

Voice.com is a current project of social media cryptocurrency where users will earn reward in the form of token that exchangeable. The old version of social media blockchain are steem and hive. Both are the most sustainable social blockchain. There is also a  platform based on eos like trybe. All social media cryptocurrency give reward to users. The reward system is different. Steem and hive reward based on vote from high power users or called whales. The reward can be traded in exchangers. 

SOCIAL MEDIA PLATFORM AND MONEY CREATOR GAME

In my observation, most social media platform based on blockchain is just a money game creator. There are no real economy from the token. It is different from most sustainable cryptocurrency like bitcoin, litecoin, etc, dash and doge. Those cryptocurrency are real money. There are many retailers and merchants that accept those coins. How about steem , hive , trybe and other social blockchain tokens? They are only accepted in exchangers. it means there are no products and services that back up the value of the tokens. Coins or tokens that have no real back up from economic activities will loose the value sooner or later. You know that steem price in early of development reached 6 USD. Steem developers did not think about making partnership with retailers and merchants but they fought among developers and whales, downvotes war, and marking account with bad remark were very bad for social media. Now, steem under centralized management have halted downvote but the culture is still about vote, contest, and developing bot. While hive still bring old steem culture like downvote and bad remark. Social media blockchain is still money game. It can  not be real economy. 

SOCIAL MEDIA BLOCKCHAIN IN 2021

Now, it is the mid of 2020. social media platform like steem, hive, golos, scorum and others are still the same as years before. In 2021, there will be new development of apps based on blockchain. It means that social media blockchain will face new competitors from new platform. The booming app is defi. However, defi will also remain money game. Coins or tokens that have no back up of real economy, will remain money game where users come and go. In 2021 the value of social media blockchain will remain the same or even worse. Bitcoin, litecoin, doge, etc, bch, dash, and other real cryptocurrency will increase in price and value. 

 


mummyrio
mummyrio

Writer wkwkwk


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