It is a due time that social media market be thought out in more pragmatic and effective way. Whether we agree or not, social media has a lot of our time already consumed. In this day and age, we cannot think of not being able to leverage social media to promote and influence ideas and brands, be it a personal or a business related.
A blockchain application to use a social media in marketing called, SocialMedia.Market is set to create a global marketplace for advertisers and influencers among every major social network. The platform aims to provide convenient and transparent tools for the interaction of all the parties involved. The use of Blockchain technology would be to simplify integration, reduce fraud and costs for all market participants thereby maintaining commercial relationships between participants.
If we purely think about the market potential of the business this platform is targeting, this has a huge potential. Plus, more value is added by using the state of the art Blockchain technology that is going to be the next big thing to revolutionize how things will be done in future. As there are billions of social media users in the world and the number is growing every day, a platform built well and if adopted by even a few percent would have good potential for generating revenue. More and more money is being spent on social media marketing so the return on investment will grow for using social media marketing. Making the platform like these very attractive for investors.
As promised if the Socialmedia.market platform can eliminate the barriers to entry presented by social media influencer advertising, and makes it possible for new businesses and influencers to access the earliest stages of social presence then it can definitely produce value in its tokens. Tokens that will be facilitated and tracked using Smart Contracts.
Currently, the platform is raising funds in a form of initial token offering. The token, SMTs, value is going to be upheld not only by transaction means within platform services, but also supported with the ability to participate in the decentralized dispute solution system gaining additional earnings for token holders.
The tokens will be issued as ERC20 compatible tokens. The idea looks very neat and the team looks strong. Marketing is a very important aspect of the consumer economy. Many resources have been spent on improving and making marketing effective. The field has a huge potential.
The official webpage has a detailed description of how the team will move ahead with collected funds as well as the schedule of the token offering. Please do your due diligence. The links to the respective things are provided below.