Social media platform developed by using blockchain technology and introduce a social networking decentralized application.
The application is based on Ethereum blockchain platform for data records and IPFS for distributed data storage service. The application would reward users for quality content they contribute on the platform. Users will need to use Ether to publish a "Premium post" and Geddit coin to publish a "Casual post". This way, users are limited to only post high quality or legitimate contents as they can only publish a limited number of posts and posts are also perceived to be valuable. Users are incentivized with Ether from the platform based on the number of 'upvotes' they receive on their posts and can be incentivized further with Ether directly from a viewer as a "tip". Besides, users are also rewarded with Geddit coin with a daily reward structure.
How it's made