Foresting
In the beginning of the 20th century, national crises like the dot-com bubble, 9/11, and the War in Afghanistan, lead the American government to enforce a low interest rate policy as part of a strong economic stimulus package. While the main purpose of this initiative was to create corporate investments and private consumptions, it caused tremendous household loans. In 2004, it led to the termination of the low interest rate policies, leaving financial institutions unable to collect loans. Major financial security companies in the United States, such as New Century Financials, went bankrupt. The scandal has caused a worldwide credit crisis and hurt the real economy. One of the most widely known examples of the global financial crisis is the collapse of the investment bank ‘Lehman Brothers’ in 2008.
One of the most interesting events is the birth of the post-revolution system and cryptocurrency, called ‘Bitcoin' which was first ideated by Satoshi Nakamoto after the collapse of Lehman Brothers. Speculation has been rampant about who SatoshI Nakamoto is, since his identity remains completely veiled. The clear message he is trying to convey in his thesis, which consists of about nine pages, is the lack of trust in the banking system, especially toward the Federal Reserve Bank (FRB) which is central publisher and trustful third party and manages all information and policies after going through the financial crisis in 2008. He suggested a currency system that cannot be fabricated and can be perfectly transparent without requiring personal information with the purpose of "substitution" for existing systems. His message raised social discourse on the system that everyone decides the system participants transparently. His will has spread not only in the banking system but also throughout media, culture and society. Rather it is not determined by the sharing and distribution of information in a fairer society, centralized control and management, with the meaning of 'Decentralization'.
What do you know about Foresting?
FORESTING is a new generation social media platform that rewards content creators for their time and creativity by using blockchain technology.
Within the social media platform, usergenerated content created billions of dollars and was naturally distributed among the platform's operators and their shareholders. They would not be where they are today if it weren't for the actual interaction of the users who contributed to the platform's growth through engagements and shared contents. The companies that are running the platforms have a basic goal to bring more users onto the platform. Traffic and content generated through user interaction are the most valuable assets in platform-based services. The company provides a space where users can share their interests and interact with their friends for free. By doing so, users will be able to offer their ideas, messages and ownership of content free of charge to the network owner (corporate). Most users are not aware of the rewards associated with this and think rewards are only for certain influencers.
In the meantime, user data is becoming a commodity sold for advertising which is a major source of revenue for the company. Through the content and database that users contribute for free, the company acquires major revenue sources, making it a targeted advertising provider that encourages users' desire to own and consume.
CORE FEATURES
Check out some of the key features and benefits of the FORESTING app which will be available to all of our users.- Real-time trade function through Embedded Exchange
- Master Node-based P2P Transaction
- Content Creator Sponsor Feature
- Open Market Advertising
FORESTING NETWORK
The FORESTING Network was initially created to find the value of a new life in our society “Work four hours a day, share and manage your life”- FORESTING SOCIAL MEDIA
Connecting the world
- FORESTING LAB
Innovating Your Dreams
- FORESTING BANK
Creating a unique credit ranting system
General Information
- Total Issuance: 24billion PTON
- Token name: PTON
- Base: Ethereum
- Standard: ERC-20
- Purchase: Ether (ETH)
- Pre-initial PTON Token Sale 1ETH = 49,999.5 PTON
- Initial PTON Token Sale 1ETH = 33,333 PTON
TOKEN DISTRIBUTION
FORESTING Network will be based on PTON Token; an ethereum coin that is built on ERC-20. The majority of the token’s 24-Bn PTON issue will be for sale, while the rest will be distributed throughout the ecosystem.
For more information, you can read the site below:
Author: Sixa
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2225617
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