If you’re a content creator, you may or may not have heard of a thing called rewards based social media. But even if you have, youmight still be wondering what exactly it is, how it can benefit you and why, with so many social media platforms out there, you should give it any attention.

Luckily, we’re here to demystify everything that you’ve been wondering about rewards based social media. So, if you’re curious about why it exists and how it’s going to change the content creation eco-system, keep reading to get your answers!

The Problem with Existing Social Media Platforms

If you’re a blogger, chances are you use Facebook and Instagram, among other social media platforms, to get your content out to the world.

And, with good reason, too.

These are some of the biggest platforms on the planet, that offer millions of potential eyes on your content.

So, what’s the problem and why did things need to change?

We all know how huge a company Facebook has become. Mark Zuckerberg is now one of the richest men in the world. But, how have you, as a Facebook user, benefited from Facebook’s stellar growth?

You might have gotten the odd sponsored post here and there thanks to your healthy facebook following, or you might even have had an advertising video go viral.

But, really, what has Facebook itself given you as content creator?

Our guess is not much, and that’s if anything at all. You’ve probably even taken a bit of cash from your own pocket to boost your Facebook posts so Facebook will let your own followers see them.

How Rewards Based Social Media is Different

Rewards based social media platforms like Foresting are different. Here at Foresting, we appreciate that content creators are at the heart of any social media platform. Facebook, Instagram, Snapchat, and all the other social media giants, would never have gained the success that they have if they had no users. But the dividends never reach those user’s pockets.

As a fairer business model, Foresting rewards content creators for the content they upload to the platform. Just 25% of the revenue that Foresting makes from the app goes back to the company. The remainder goes to the content creators. This means that you, as a blogger, vlogger or photographer, have the potential to make a lot of money just by being active on the platform.

How Foresting Rewards Content Creators

With Danny and David Kim from DKDKTV

Foresting is an app built using blockchain technology. Because of this, we can reward content creators with PTON, our own cryptocurrency, for the content they upload.

As well as this, users also get rewarded for watching, engaging with, and liking the content on their feeds. The PTON is put into each user’s own unique PTON wallet and can either be held onto (in order to accumulate interest) or easily transferred back into international currency.

Are There other Apps Similar to Foresting?

Rewards based social media is a new concept but that doesn’t mean that Foresting is the first app on the scene. The biggest rewards based app that’s currently out there is SteemIt and if you look at their homepage, you’ll see users making hundreds of dollars from just one post.

However, so much of the content on Steemit revolves around blockchain and cryptocurrency making it pretty boring for regular lifestyle users.

Although Foresting is an app built on blockchain technology, that’s not the main focus. We’d rather pay our attention to the end user- not the technology behind the platform. This means that you’ll be able to like and view a huge range of content- from travel to food, beauty and tech.

No matter what your niche is, there’s room for you on Foresting.

Rewards based social media is the change that the content creation industry has needed to see for a long time. The world is evolving and these days, most of of us spend our free-time looking at Instagram photos and Youtube videos instead of watching TV series’- but the people who create that content never receive the dividends that actors and entertainers do.

We hope that by using this fairer business model, we can bring more incentives to content creators and make their lives more valuable.

Want to be an early contributor to Foresting during the app’s beta phase? Get in touch with contributors@foresting.io to learn more!