Oh great, another ICO. I wonder why do you need an ICO to create a social network? You could create one for free, doesn't even need much skill.
And how is your social network going to be better or at least competitive to hundreds of social networks we have currently?
You should probably try to launch it and make it somewhat viable first before selling tokens for people in the hopes that advertisers will pay for these tokens.
You know, have a working product or proof of concept first before requiring investment... Idk, just my 2 cents.
Hi, thanks for asking, I will answer you.
We need the ico because we want créate a business model for everyone (the token allow it) and also because we don't have enough budget for make a social network in way that we wish.
The General Advertising Token (GAT) is the heart of the network, It’s designed and used by the company for its transactions. The company will develop a market medium where everyone that have a token can sell it to the advertisers who will need it for pay by ads because OurNet company only will accept as payment method these token.
As the network boom increases, advertising costs rise and demand for tokens also increases, which leads to a safe increase in the price of the token by the law of supply and demand. The company will not be able to issue more coins that those which were issued and announced in the ICO (1.000.000.000) and to promise open the market with a price 150% over the presale cost of token guaranteeing valuation for investors.
The market developed by company should be easy for exchange between tokens and any type of fiduciary or cryptographic currency. This token also could be exchanged in any other market.
The social network will be better that most popular social networks that exist nowaday, since the functionality of the platform will be similar as whatever social network that exists today but will focus on improving their defects and shortcomings and combinate their best functionalities as entertainment, news, e-commerce, professional services. Alway looking to increase the user experience.
To ensure fast and massive adoption, raising users, and make sustainable the ecosystem the company must promise to allocate 90% of its net profits for rewarding the users monthly through a model of prizes or raffles represented on money as it does the radio stations and other means to catch audience. These reward models combined with excellent application built, base on research of social behavior psychological profile, guarantee massive spread of the social network which ensures to keep growing it.
Believe us, our proposal is so honestly. Even If the minimum goal(1851 ETH) is not achieved the donors can retrieves theirs ETH
Please visit and read our White paper