Block.One aims to usher in "transparency" via the social media platform via the EOS channel chain

With all the hype on Facebook and its concept of cryptocurrency, cryptocurrency companies are taking a turn and are embarking on the world of social media. Block.One, the company behind EOS, is expected to compete with Facebook and Twitter with its own social media giant.

Announced at Block.One Event Block.One CEO, Brendan Blumer, unveiled Voice, the social media platform that will run on the EOS blockchain, which will soon be upgraded to version 2.0.

Announced as a "seamless" social media platform, a Press release As a result, he said that "the value of quality content is fed back into the maintenance of the community, not in the results of the business." Blumer, taking a stand on other platforms, said their competitors are "designed to use their users".

The statement quoted Blumer as saying,

"Just look at the economic model. Our content Our data. Our attention These are all incredibly valuable things. But for now, it's the platform, not the user, that is reaping the reward. By design, they sell our auction information to advertisers, raking in profits and flooding our feeds with hidden agendas dictated by the highest bidder. The voice changes that.

Responding to their core message of emphasizing the platform's user rather than the products, the document stated that "creation" would be the first order, and the platform would promote "content" by real users and "not bots and fake accounts". . "

Since Voice will be supporting the EOS public channel channel, the social media platform will follow the EOSIO protocol so that the work is made public, which will add to their "transparency claims".

"Everyone – the user, the contributor, the platform – plays according to the same rules. No hidden algorithm, no hidden interests. "

Blumer also added that Voice would have its own token, titled "The Voice Token", stating that anyone who "signs up for Voice will receive an EOS account". Block.One's CTO, Dan Larimer, also said users could play their account. tokens to advance on the comments: the more you go up, the more you bet chips. If you have pbaded the scale of comments, the chips will be returned.

In the same case, it was announced that EOS would be integrated into Coinbase Earn, allowing Coinbase users to earn cryptocurrency by posting content designed to inform retail investors about blockchain technology.