Introduction to Favoom Web3 Social Network
Have you ever wondered what it would be like if the content you write in your profiles did not bring profit to a centralized company that owns the social network, but instead you could get paid with FAVOOM tokens? In other words, you would be a part owner of the platform and earn from the content you create!
What is FAVOOM?
FAVOOM is a social blockchain designed to give power back to communities and make them owners of their content. Just as the future of currency seems to be decentralized, so is the future of social media. For this reason, Favoom is aiming for the future.
Our vision
Favoom envisions an open social media ecosystem where developers and users can develop and innovate and have more decision-making power and control over the algorithm, as they will be the stakeholders.
We see the development and adoption of decentralized protocols as a way to create a solid technical foundation for permission-free innovation and user choice. Decentralization is a structural change that is not sufficient to create a healthy social media ecosystem. However, decentralization can catalyze the innovation needed to improve the public conversation by creating an environment where developers can freely develop, communities can self-manage, and users can easily switch between services.
Our community beliefs
1) Own data: Data belongs to users, not mega-corporations.
2) Secure: global digital transactions are secure on the blockchain.
3) Decentralized: online exchange of information and value is decentralized.
4) Freedom: freedom of speech means what it says.
Project Favoom
Launching the first-ever fully decentralized and Web 3.0-integrated social networking service built on the Binance Smart Chain.
Favoom is an initiative to develop a decentralized social networking protocol so that multiple social networks, each with its own systems for curation and moderation, can interact with other social networks using an open standard. Each social network using the protocol is an “application.”
Favoom is a decentralized platform where users around the world can interact with each other while using Web 3.0 protocols and the security and privacy that blockchain technology provides.
Core features
- Create and customize your profile using Web 3.0 protocols
- Users own their data and account
- Create chat forums and topics
- Build followers and grow your community
- Never be censored
- “Favo,” like, retweet and share posts and content
- Follow, engage and communicate with like-minded addresses
The possibilities of blockchain are endless, and we plan to exploit them for the benefit of our users.
Follow us on our social media platforms:
Twitter: https://twitter.com/favoomOfficial
Medium: https://favoom.medium.com
Telegram: https://t.me/favoomOfficial
