Foresting

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Steemit

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Foresting

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Steemit

by Steemit

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What problem does this service solve?

Foresting's goal is to provide incentives for content creators on social media.Steem is a blockchain-based rewards platform for publishers to monetize content and increase their followings.

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Company Description

Foresting is a South Korean company that is developing a blockchain-based social media network. Their decentralized platform will provide content creators with incentives for contributing to the network that will be powered by the Ethereum-based PTON token.

Steemit is a blockchain-based social media platform that incentivizes participation with micro-payments to users and publishers. It was co-founded by Dan Larmimer, who also founded EOS and BitShares. Steemit has gained a significant following and is one of the most important content curation platforms in the blockchain space. Steemit's blockchain-based rewards content and social media platform is powered by the STEEM coin. Their blockchain has a Proof-of-Stake (PoS) consensus mechanism. Steemit also has a third-party decentralized video platform called D.tube that uses STEEM tokens to reward video creators.

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