investFeed is a social investment platform that was founded in 2014. It recently just incorporated cryptocurrency to its platform and concluded its ICO last month. The platform is built on the Ethereum blockchain. The platform overall functions somewhat like Twitter wherein you are able to sign up and create a profile, "tweet" and get a live stream of posts. A special feature investFeed has is the ability to post your trades on the platform after connecting your brokerage account to your profile. You will also be able to make your trades and manage your portfolios in the platform. Users can use investFeed token (IFT) to upvote other users' content, in turn users' who create good quality content will receive the IFT as a reward. You can also use IFT to purchase content on the platform, upgrade your account, or get an ad free experience. The UI of the platform is well designed and easy to use, which is an advantage over Steemit, which I will talk about in the next section.
You can purchase IFT at MERCATOX to start investing/trading IFT or using them on the platform.
Steemit is a decentralized social media platform. At the Steemit platform users are also able to be rewarded in tokens for creating great content in addition to being rewarded to comment, like and share content. The Steem blockchain does not have any transaction fees and transactions are processed rather quickly. The addresses for Steem wallets are not alphanumeric. Instead, it uses your username. This makes it easier to conduct transactions on the blockchain. The problem with Steemit is that whales who own large amounts of Steem are able to downvote content jeopardizing content creators, which results in thousands of dollars in loss for creators.
Steemit CEO Ned Scott just recently announced that he is launching Smart Media Tokens (SMT), which is set to be released in 2018. What SMT allows users to do is issue their own tokens on the Steem blockchain. Users will be able to launch an SMT on their own website and install a widgets such as a comments widget for viewers of their website to earn their tokens through commenting, sharing, upvoting, etc. This may be a game changer for Steemit.
You can purchase Steem and start investing/trading at HitBTC.
onG is a company that has recently concluded its ICO as well. onG is a social dashboard where you can connect all your social media accounts to onG and simultaneously post your content on all your social media account. onG is described as a backup storage for your social media content. The reason being is that every content posted through onG is saved in the dashboard as well. This is convenient in the event a social media platforms shuts down due to complications. onG also plans to provide advertisers for all of its users instead of users having to persuade advertisers to host their ads on the user's site.
One of onG's aim is to combat fake news. onG's blockchain uses a gravity algorithm. Individuals will be able to earn tokens for verifying content posted by creators as news, which should inspire individuals to create great quality content. 25% of onG's tokens were released during the ICO. It plans to release 50% more over the coming years which will be used as rewards for users in the platform. onG will be releasing the tokens on the Ethereum blockchain as well as Waves. Their reason for releasing on a dual blockchain is to ensure redundancy and security.
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Please note that I am not a financial expert. I am simply sharing my opinions on the topic. Do not take my words as financial advice. Always do your own research.
