FORESTING' or 'FORESTING Platform' is a blockchain based social media platform that deviates from the distribution system of traditional social media platforms. It provides a fair value distribution system for users who are the true owners of the platform. They deliver content through blockchain technologies and contribute to platforms in a variety of forms.
The FORESTING Network is set up with three departments. 1) blockchain rewarding Social media 'FORESTING’, 2) digital banking services for FORESTING participants are transformed into a direct payment from the ‘FORESTING Bank’ and 3) the ‘FORESTING Lab’, providing infrastructures and supporting content creators. While each department’s respective functions and roles are separated, the core values of the FORESTING Network remain the same.
They were designed in a structure in which they interact systematically and create synergies. “Beat Your Heart!”
1) 'FORESTING': Blockchain based rewarding Social media
2) 'FORESTING Bank': Financial services for FORESTING Network participants
3) ‘FORESTING Lab’: Providing infrastructure and supporting content creators
4) Providing credit rating information
5) Financial services
6) Using infrastructure and creating better contents
Purpose of FORESTING Bank Establishment
At the center of the FORESTING Network is the user. In addition to providing content, users also contribute to the platform's growth with a variety of types of content. In particular, users may no longer rely on advertising companies and centralized platforms to directly exchange their content for real value. And as the influence of the FORESTING platform continues to grow in society, ‘Influencers’ will start to appear just like they did on YouTube and other platforms. It will emerge as another profession that children dream of. However, the primary income from the content does not directly influence the social ratings of users. While major social media influencers on YouTube, Instagram, Twitch, and Afreeca TV, have been known to raise millions of dollars a year, it is only applicable to a few popular influencers. Most of the people who work with professional influencers are self-employed, except for celebrities who work with large business and entertainment companies on their backs. Their income is not fixed, and some of them have a hard time dealing with their daily lives. Furthermore, they are not classified as common jobs by traditional banking systems, in which they cannot not receive a positive credit ratings. This is because they are subject to an independent credit rating regardless of their economic activities which can result in a negative credit rating score. This means that they cannot perform common financial activities, such as getting loans. Talented creators face a lot of pressure to buy expensive equipment. In addition to spending time creating content they should also make these investments to keep up with their competitors. To solve these problems, FORESTING Bank will provide a digital banking service that is available to anyone who uses FORESTING. It provides personalized financial services for content creators that contribute to the growing platform and community. By doing so, the content provider will be able to focus on creating his/her own content, and the distribution of good content will make the FORESTING network more influential.
Traditional Credit Rating Method
The existing CSS Credit Evaluation Method predicts the customer's ability to repay their financial statements by viewing and grading the customer's financial history to provide information to financial institutions. Therefore, if CB does not have financial information data, financial activities such as loans and credit card issuance are restricted as new users cannot be assessed, even among customers with good repayment ability. While the Financial Supervisory Service and the Financial Services Commission present various methods of supply such as warranty insurance related products, the actual situation is not well modelled as it lacks the most important credit assessment information.
PTON Usage
PTON is a coin used in FORESTING. PTON’s market value determines the value of the reward pool for the participants that contribute to FORESTING. Unlike traditional mining methods, PTON is created by the contribution of participants to FORESTING. PTON guarantees that people who contribute to FORESTING benefit from the app.
for more info:
★ Web
★ Twitter
★ Youtube
★ Telegram
★ Facebook
★ LinkedIn
★ Medium
author: Shenzen
Pofile bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1059512
ETH address: 0x47a6A92Fd16329e14A32eF2B8786b5f125F95B96