Synereo – A New Social Network Based On The Blockchain

Synereo – A New Social Network Based On The Blockchain

This decentralized social network pays users with its own cryptocurrency for viewing advanced content. The test version was released in September 2016

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This decentralized social network pays users with its own cryptocurrency for viewing advanced content. The test version was released in September 2016.

Synereo provides a semi-autonomous system that requires human involvement in smart contracts. Synereo is the social model that gives users the ability to monetize content and have their own organic local network.

The key difference of the project from Facebook and Twitter is that all committed payments will be encoded in a distributed registry and are available only to persons with permission.

The social network will operate without main servers or information centers. Instead, https://www.synereo.com/ will pay users for their support due to their own devices capacity. In addition, the creators of the cryptocurrency stick to the principles of economy of attention: people will receive cash consideration for the formation and handling of high-quality contents.

Synereo does not have a function of storing personal user information, track their history or usage the info for advertising campaigns. If users want to draw consideration to their private profile, they will have to disburse for it right to users. Synereo guarantees confidentiality, thanks to the latest decentralized architecture that makes the whole system resistant to cracking.

In the test version is available operations such as sending personal messages, text with images, three-level view of content, and the capacity to use a decentralized search.

According to the creators of the social network, the alpha version of Synereo is more than just a social network based on p2p. The development team is going to create and maintain more dApps, and to work with different projects, to transform the Internet into a new decentralized paradigm.

General Director of the company Dor Konoforti cites to the platform as “android for a non-centralized network.”

The organizers promise that at the end of pre-sales AMP will be sold at reputable cryptocurrencies exchanges. Synereo are going to distribute AMP as follows: 18.5% are sold in pre-sales; 10% allocated to compensate advertise network; 7.5% for content creators in the network; 10% to the creators of the network, in the form of wages for 30 months; 11.5% for code development; 42.5% for the next round of funding.

Since Synereo is a legal entity, any manipulation of AMP will have legal consequences for the organizers.

Synereo provides users complete privacy, and if desired, even anonymity. The network has no center and allows communication between two participants directly.

Services, which provide Synereo, generate revenue for the users and not for the shareholders (as in the case of Facebook, Twitter, and Youtube).

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