Social Media Popularity
We are social stated in their latest Global Digital Report that there are over 4 billion internet users worldwide and approximately 3.2 billion people use some form of social media. (source: https://wearesocial.com/uk/blog/2018/01/global-digital-report-2018)
According to an article on DreamGROW the 3 most popular social media platforms are Facebook, YouTube and Instagram. Facebook has 2.23 billion active monthly users, YouTube has 1.9 billion and Instagram has 1 billion. Other popular platforms include Qzone, Weibo, Twitter, Reddit and Pinterest. (source: https://www.dreamgrow.com/top-15-most-popular-social-networking-sites/)
These are astonishing statistics and with the growing rate of technological advancements in developing countries and the increased ownership in smart phones, tablets and laptops, means that these numbers will continue to grow.
People use social media every day for different reasons. Some use it to keep up to date with their friends and families, others use it for business, it has a lot of purposes. The very fact you are reading this article is because you have seen this article shared on social media.
Social media is an important part of our lives. However, there are a lot of problems with the current state of existing platforms. We now see so many more advertisements than we did before especially in recent months on platforms like Instagram where almost every other post on my feed is a sponsored advert for a wannabe Instagram model or a new restaurant.
Don’t get me wrong I understand the need for companies to increase advertisements and monetise their platforms, but it is almost becoming a full time job trying to sift through all the adverts I encounter on a daily basis, I think to myself I wish I could get paid to watch all these adverts and spending all this time posting and sharing content.
TTC Protocol Solution
The TTC protocol is a decentralized social network protocol that will use to its own cryptocurrency tokens ($TTC) to incentivise higher quality content and increased activity on social media platforms.
There will be two types of contribution that TTC will recognise and reward tokens. The first type of contribution will be rewards for users that post and engage with content on the TTC ecosystem on a daily basis. The second type of contribution will be reputation rewards that will be distributed when a user attains a high level of quality and is respected by other users/peers.
Token incentives are not the only feature that the TTC protocol has created. Developers can also use the TTC ecosystem to develop their own DApps. Developers will have access to an end-to-end blockchain and TTC will also provide an airdrop function to new projects when they initially join the ecosystem, this will be used to attract new users and there will also be an additional pool of tokens that will be used to reward users of their DApp.
The protocol will be managed by the TTC foundation and they will try and secure contracts and partnerships with the best new social media platforms on to their ecosystem, this will improve user experience and it will help platforms provide the best service they can.
TTC Recent News
Theres been a lot going on recently with TTC. The biggest news for me is the recent Bibox exchange listing. $TTC listed on 15th August and its the biggest listing so far. Their trading volume is now above the minimum amount and their token is displayed on CoinMarketCap and Etherscan which is great news. On the 17th August TTC recorded their highest daily trading volume so far, combined on all of the exchanges there was $6.2m worth of trades.
TTC acquired TataUFO at the start of this year and it was TTC’s first DApp. TataUFO is a social network that was founded in 2013. Their platform is a social dating service for Chinese university students, it matches you with one person a day. They have over 11 million registered users and they are still gradually growing every day. TTC have recently started an airdrop for new TataUFO users, it has been running for several weeks and so far there has been over 800,000 participants.
To join the TTC airdrop please go to the airdrop website: http://airdrop.tataufo.com/
TTC Links
Website: https://www.ttc.eco/
Ecosystem Whitepaper: https://d1u6eqogwsdivn.cloudfront.net/whitepaper/TTC_Ecosystem_v01_EN.pdf
Reddit: https://www.reddit.com/r/TTC_Protocol/
Facebook: https://www.facebook.com/ttceco
Twitter: https://twitter.com/ttceco
LinkedIn: https://www.linkedin.com/company/ttc-protocol/
Medium: https://medium.com/@ttc.eco
TTC Contact
Kakao Talk: https://open.kakao.com/o/gmvFnaN
Telegram: https://t.me/ttc_en
Email Address: [email protected]
