The EOS development company, or the company that is behind the cryptocurrency named Block.One, is now targeting the initial launch of their brand new social media platform called Voice – with July 4 as their scheduled date.
In times when the cryptocurrency news show that social media platforms are vital for the growth of crypto as a sector, decentralization proponents may be one step closer to another blockchain-based alternative which claims to “take social back from big tech.”
We can see that Block.One is now targeting an initial launch of the social media platform on Independence Day (United States). However, the users will still need to go through registration so that they can publish and engage with content. This will remain by request only until August 15 as the CEO of Voice Salah Zalatimo tweeted this weekend.
We pivoted, and decided to open up our platform for readers on July 4. Only registered user will be able publish or engage. Registration will remain by request until August 15, when users can begin to invite heir friends.
— Salah Zalatimo (@Salafel) June 5, 2020
The launch date marks a huge change from the previously planned launch during fall of 2020, which the EOS development company aimed at before. However, the reason behind the earlier launch is due to the fact that they “simply can’t wait any longer” given the big tech companies and their increasing control over user data and content on their platforms.
Probably playing it safe as they are walking unchartered waters. Don't want the entire system to crash if tens of thousands join at the same time.
— Franco Mocke (@FrancoMocke) June 6, 2020
In that manner, the decentralized social media platform called Voice, which launched its beta version earlier in February 2020, aims to be the best alternative to the existing social networks by putting an emphasis on having only real human users on its platform.
In this manner, it hopes to avoid spam, fake users, and misleading content. The EOS development company also wants to feature its own utility token which can be earned as rewards for creating posts or be spent to boost the visibility of the posts.
Block.one has invested heavily in the new social network. As we reported before, the company paid $30 million for the Voice.com domain. Earlier in 2020, it also announced an additional investment of $150 million in capital to kickstart Voice.
As we can see from the EOS news, the new platform was designed to operate on the public blockchain of the cryptocurrency. However, it later changed its plans to the purpose-made EOSIO blockchain.
EOS is now ranked on the 9th place in the total market cap, trading at $2.8 and being down by 3.4% on a weekly basis.
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