Foresting (PTON): ICO Review

What is Foresting?

Foresting is a project that introduces a new ecosystem that consists of a FOREST (community members) that work on concepts such as Networking, interacting, and connecting. The ecosystem is used to help users receive compensation for their social media posts.

foresting icoOne of the largest issues with social media is the transparency of data. Users are unable to receive compensation for their content. While some users can gain revenue, only the top 5% of content pages are recognized.

With Foresting, users can use PTON coin to get paid for their content. Foresting’s system is more focused on content creation and focuses on a user voting system. This is better than traffic content valuation and allows them to share information in a decentralized manner.

Foresting is designed for those who are interested in social media platforms. It supports all forms of content videos, text, images, live broadcasting, and creates a social network based on a content-oriented reward service.

Aspects

  • Content Support: Foresting aims to use blockchain to help users curate their content. With this feature, it gives users the best technology to download or upload multiple content components seamlessly.
  • Simplified Coin Exchange: Foresting plans to allow users to add content value by creating a safe conversion platform to obtain profit in return.
  • User Interface: Foresting’s goal is to create a convenient and comfortable service for their users. This service will become more intuitive instead of a problematic service.
  • Privacy and Security: One main aspect of blockchain technology is its decentralized nature. This feature provides the most privacy and protection for users because there’s not one entity controlling the operation.
  • Device Optimization: Foresting has a diverse ecosystem that integrates into people’s lifestyles. This enables them to influence their content on their devices.

Token Information

  • Website: View
  • Whitepaper: Read
  • Tokens For Sale: 9,600,000,000 PTON
  • Total Tokens: 24,000,000,000 PTON
  • Fundraising Goals: 90,000 ETH (Soft cap) – 170,000 ETH (Hard Cap)
  • ICO Sale Date: August 2018 till September 2018
Positives
  • PTON’s Coin Incentive: PTON is Foresting’s native token and is used for rewarding people for using the app. It uses the Truffle Framework to automatically handle a series for creating smart contracts from testing to deployment.
  • Voting System: Foresting has a decentralized voting system that engages multiple users in voting and limits malicious behavior. When users were rewarded with PTON CREDIT and PTON token for their contribution.
  • Team Transparency: Foresting is backed by 12 team members who are dedicated to completing the project. Because of this, we can expect that they will complete their project roadmap.

Negatives
  • MVP: We have not seen a beta or MVP of Foresting’s project. This will make it difficult for investors to get involved with it. Once Foresting creates a realistic product, we might see it gain more traction. They have an expected MVP date around the middle of September 2018 and a beta version in the middle of October 2018.
  • Competition: There is a multitude of ICOs that are solving problems within the social media field. If Foresting can make an innovative project, they’ll receive a higher market share than the competition.

Foresting
4.3

Summary

To conclude, Foresting has a lot of potential to grow. As the team continues to work on the project and complete its roadmap, they’ll have a chance to impact the social media industry. Conclusively, we’ll have to see how this ICO changes in the future.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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