There are about 7.6 billion of us on this planet. Can you guess how many active internet users are there in the world?

It’s about 51%, more or less 4 billion. Out of that set, 3.2 billion are active users of social networking services (SNS). They are on favorite social media platforms like Facebook, Instagram, Twitter, LinkedIn, etc.

It’s not hard to imagine why they have such a wide appeal. Social media tools are easy to use in updating family, friends, colleagues, and random/devoted followers on our daily activities. It is this power that the thx! App leverages to create something more innovative for our fast-moving society.

The thx! UI

There are two elements that make the thx! App competitive and attractive. One, it facilitates the exchange of THX tokens among users. Individuals are then able to move a large number of assets.

Read: 3 distinct features of thx!: A new communication tool

At the same time, it functions like a social media platform. The process it takes to perform token transfers is intuitive. Yet, behind the screen, it is working as a decentralized application. This backend layer makes sure that every transaction, which is recorded on the Ethereum blockchain, is free from manipulation.

On the user’s end, the thx! Score can provide a reliable scoring system for them to be recognized and rewarded for their hard work.

The growth potential of the SNS market

thx! does not focus on social networking per se. It is more like a social scoring app with a user-friendly interface. And yet, it is poised to ride the growth of social media apps, which continue to rise. Facebook alone has over 2 billion users, and the photo-sharing site Instagram, which started services in October 2010, already reached one billion users in June 2018.

Number of monthly active users as of June 2018

Social Networking Platform / Monthly Active Users as of Q4 2018

Facebook — 2,234 000 000

Instagram — 1 000 000 000

Twitter — 336 000 000

Line — 203 000 000

The social network-like component of thx! will make it easier to encourage the participation of potential clients and their employees. Over time, it will involve both local and global communities. Its user base will expand organically and rapidly because of the social element attached to it.

Projection

The annual growth rate of the business from the beginning will be around 400%. Assuming that Bit3x reaches out to potential clients through pre-promotion activities, the number of active users will be 30 million in 2020. And by 2024, the number of active users will have risen to around 400 million.