At SocialChains, we believe you should own your data and participate in the data economy. Up to half of our company’s profits are shared with users like you …that’s unprecedented. Today, BigTech is reaping the benefits of your data and sharing your data with third parties without oversight. Our privacy exceeds the General Data Privacy Rules (GDPR) of the European Union (EU). Our App cannot access your data without your permission. Every user on our network is verified not only by email and phone but also by physical address and facial verification. Together, we create safe digital neighbourhoods that allow both social connections and commercial transactions to flourish on our network.
About Social Chains
Our Vision and Mission
At Social Chains, we believe that users should own their data and participate in the data economy. Privacy is a fundamental right. Fake data is neither ethical nor sustainable. These are our core values. Our mission is as bold as it is simple: “to empower every individual and business to participate in wealth creation from any transaction – social or commercial – that uses verified identity”.
Problems with social-media
Social networks have gone beyond sharing vacation pictures. They function as marketplaces, but they were not built to provide the services they do today.
- A select few companies are accumulating the wealth from user data, and little wealth is passed to users.
- Misuse of user data; Big Tech shares user data with third parties without oversight.
- Lack of trust in Social Media (e.g., 40% of Millennials reported fraud of >$400 in 2017 (e.g. Romance Fraud). 25 to 30% click and display fraud in online Ads.
Value to Users as Stakeholders
Unlike other social media platforms
- Users earn 50% of the profits.
- Users receive tokens for engagement
- True privacy that exceeds GDPR; even our platform cannot access user data without express permission – let alone share it.
- Safe digital neighborhoods on a global scale because every user is verified.
$SOCT: A Unique Cryptocurrency
- 500M users receive 600 M tokens as an award resulting in the world’s largest ever distribution and adoption of cryptocurrency by mainstream users.
- Unlike BitCoin, the only cryptocurrency that is owned entirely by verified users.
- $SOCT is helping us in hiring talent that has accepted $SOCT as a currency.