Existing platforms such as Instagram, TikTok, and Twitter suffer from the problem of centralized entities controlling most of the revenue, information, and advertising. However, decentralized social media services can solve this problem by devolving data and revenue to users and putting them in control.
Ad revenue sharing
We have adopted a model where we share a portion of our ad revenue with our users. This can be in the form of ad revenue distribution based on the content that users generate within the platform (ad mining, live commerce, etc.).
Within social media, profiles are symbolic and essential. In addition to the symbolism, all the material and data that users post will be stored on their profile, which cannot be tampered with.
Scarcity Token holders can become DAO members, who are Scarcity owners themselves. They determine the critical direction of the platform, contributing to the token price and sharing in the profits.
Protocol transaction fees
When users post and monetize their data and ads, they receive tokens that are used on the platform. We earn money from transaction fees when those tokens are converted and exit to external exchanges.
Fee buyback and burn
50% of all revenue generated by Scarcity will be used to pay for the monthly buyback. We plan to create a virtuous cycle of revenue by burning after buybacks to control token inflation and increase token value.
We utilize blockchain technology to solve the problem of heat and data sovereignty. Blockchain is a distributed database, where users' data is stored on multiple nodes rather than on a centralized server, giving users ownership and control of their data. This prevents censorship, data manipulation, and protects privacy.
It introduces a decentralized decision-making process to solve the problems of algorithmic bias and information diversity. Through DAOs, decentralized platforms allow users to participate in the operation of the platform and make decisions. This prevents the operation of the platform from being opaque and provides content that reflects diverse opinions and perspectives.
credibility verification systems
To prevent information manipulation and fake news, decentralized social media platforms build community-based credibility verification systems. Users can verify the authenticity of information within the community and share trustworthy information to identify fake news and increase the credibility of the platform.
Introduce user-centric advertising models
To address the dominance of advertising and the problem of ad bombs, decentralized platforms introduce user-centric advertising models. Users have transparency and control over their data, and can also be compensated when exposed to ads. This promotes fair trade between advertisers and users and helps prevent ad bombing.
Decentralized social media platforms can enhance privacy by encrypting and decentrally storing users' personal information using blockchain technology. Users can fully own and control their personal information, and the platform will not collect or share personal information without user consent.
and safety of transactions
Decentralized social media platforms can leverage smart contracts to transparently record and secure transactions between advertisers and users. This increases trust between advertisers and users and prevents fraudulent transactions.
identity verification systems
Decentralized social media platforms can leverage blockchain technology to introduce systems that verify the identity of users. This can prevent people from creating fake accounts or falsifying their identities and increase trust among users.
Decentralized social media platforms can introduce a community-based content filtering system to allow users to freely search and share the content they want. This can improve communication and understanding among users by providing content that reflects diverse opinions and perspectives.
Unlimited storage capacity
Your data is replicated and stored on at least 10 distributed nodes utilizing a distributed file system such as IPFS. Each node stores data in a distributed manner to ensure reliability and availability of data. This allows users to have unlimited storage capacity in addition to ensuring that their data is safe and secure.
Free data storage
Users do not pay any additional fees when storing data on the blockchain network. Instead, nodes that store and maintain data are rewarded using tokens on the blockchain network. This system allows users to store and retrieve data freely, and allows the blockchain ecosystem to expand as more users join the network.
Blockchain networks dynamically adjust storage capacity based on the amount of data users have. When a new user joins or an existing user's data volume increases, the network automatically allocates additional storage capacity to ensure reliable storage of data. This ensures that users always have as much storage space as they need.
Blockchain networks are operated by hundreds of distributed nodes, with no centralized server or administrator. Each node has equal authority and is responsible for maintaining the stability of the network and keeping users' data safe. Your data is stored in a decentralized form, making it more resistant to centralized attacks and ensuring the transparent and trustworthy operation of the blockchain.