The biggest problem of existing social networks is their “ungratefulness” for the efforts made by ordinary users that create content. On existing social networks like Instagram, Facebook, Reddit, Twitter, VK, and many others, users generate quality and unique content without any compensation at all. No users of these popular social networks get rewarded for their content by the network or other users. Monetization of content through advertising is usually done by hyped bloggers and photographers who decide which advertisers to cooperate with as well as new authors who advertise questionable goods and services to earn money. The structure of most social networks does not value the idea of likes as promotion of the content’s author. This leads users to like things even when they don’t really like the photo or video and also like things for the sake of attracting new followers. But even if the like is legitimate, it still doesn’t bring direct benefit to the author.
Attention. There is a risk that unverified members are not actually members of the team
The project has several significant advantages: Interesting concept of the product; Strong team; Notable competitive advantages; Clear understanding of marketing strategy and target audience. The disadvantage of the project is a high competition on the market of social networks.
Monoreto is a new social network with several novel concepts. The first and biggest change with Monoreto is the fact that users pay for “likes”. You spend Monoreto’s native MON tokens on likes. That gives each “like” a value of approximately $0.05. Content creators are encouraged to join the platform and begin blogging to collect likes. Monoreto also comes with social media features like livestreaming, live quizzes, innovative advertising models, the ability to upload photos and videos, and more. Monoreto isn’t entirely built on blockchain technology. Instead, Monoreto is an app that uses the NEM blockchain as a payment processing tool.
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