SALFLLERY-Social Platform Versatility
On December 22, Selfllery announced the launch of the pre-sale of social platforms with the same name, a network that turned into kriptocurrency. Any such change to "token", which users can then be used to make a purchase from a store Selfllery or even donate to charity.
SELFLLERY is a multi-purpose social platform that allows you to receive an award in crypto for social activities relating to the publication and distribution of visual content.
Selfllery said that no prior experience in photography or knowledge of the crypto is required to join. Blockchain technology is used to let users see where they are coming from the token, and add a layer of security to the system.
Selfllery is a startup and now 2016 social platform was launched in the form of pre-sale beginning, initial invite users to try out the platform with the promise of an extratoken is given only to the original user of the full on launch. Registration opened on the website Selfllery and in the Android applications, while the Initial Coin Offering (investor-speak for launch to early backers) are planned for the month of March. In the future, this platform is planning to expand more than just photos, adds support for video as well as live-streaming.
"People love to see the pictures again and again, and we believe it is worth," said Vadim Onishchenko, founder and CEO of Selfllery. "From art rock to modern advertising, man has given a value on art. Today's social networks have a mechanism for users to make money from their online activity, but this mechanism requires time and skill to operate, and in the meantime, the company behind this network is people whomake money from user content. At Selfllery, we want to solve this. We introduced blockchain into the mechanism, and allows anyone to be given awards for their visual content, quickly and automatically. "
PLATFORM CAPABILTIES/ACTIVITIES
SELFLLERY wants to build a marketplace community that incentivizes each other to be active on the platform. The platform will have familiar features such as “Likes”, followers, and a rating system. SELFLLERY will also use gamification and offer photo contests and photoquests. A photoquest can be a single or multiplayer game in which users are tasked with making photos of certain objects, animals or scenes within a limited period of time. Chosen photoquest winners are then rewarded with YOU tokens.
In addition, SELFLLERY will offer a stock photo gallery where users will be able to submit and potentially sell their photos.
Lastly, SELFLLERY will have a loyalty program where the most popular/active platform users will be rewarded bonus YOUs using a progressive loyalty multiplier, which will increase the total number of YOU tokens received per transaction.
SELFLLERY Business Model
You think a company that adopts cryptocurrency is “free” to use? Think again. SELFLLERY needs to bring in revenue to operate just as other ICOs.
SELFLLERY will charge a fee for the following services:
Sale of products and services in the marketplace
Sale of photos in stock gallery
Advertising campaigns, photo, contests, photoquests
Promotional smart contracts
SELFLLERY will also serve as an AdTech platform for entities that want to promote their products and services through advertising campaigns and cost per action/click/view models.
SELFLLERY Token Model
selfllery token model.PNG
ICO DISTRIBUTION DETAILS
TOKEN NAME YOU
TOKEN TYPE ERC-20
ICO START DATE 4 March 2018 (3 weeks)
TOKEN RATE 1 YOU = 0.001 ETH
MINIMUM CONTRIBUTION 0.1 ETH
ACCEPTED CURRENCIES ETH
ICO PROCEED ALLOCATION
AREA
PERCENT
Product Marketing 50%
Product Development 25%
Operating Expenses 10%
Reserve Fund 10%
Legal Services 5%
ROADMAP
DATE
MILESTONE
Q1 2018 TGE Launch, Team expansion, Marketplace, Advertising module, Photo editing filters, Beta version of iOS app
Q2 2018 & Future Additional module development, Global marketing campaign
FINAL THOUGHTS
I conducted a search using the following terms “photo cryptocurrency crypto ico” and besides the Kodak confusing announcement , I couldn’t find, or recall reading anything similar to what SELFLLERY proposes. I find that a little odd because I would think there would at least one other ICO that would have proposed something similar. Depending on how you look at it, it can be positive or negative. I’ll let you decide.
One of my criteria for writing about an ICO is picturing myself using the product/service. It goes without saying that SELFLLERY will need a bug-free, easy-to-use, interface and show value. I can see myself using SELFLLERY, but these sorts of platforms really hum if a lot of people 1) Is aware of them and 2) uses it often. SELFLLERY will have the challenge of driving users to their platform and prove that everyone can win by using it. Facebook works because it’s a one-stop shop for non-business type of social media activities. Can SELFLLERY survive as a specialty platform? I think so, but the right conditions need to exist along with a little luck. I would be pleased if SELFLLERY developed a plan to drive influencers and/or celebs to the platform. You get a few and it’s possible that a flood of users will follow.
Overall, I like SELFLLERY’s vision, but the challenge will be building the brand name and a known destination to manage all of your digital photo needs as well as constantly making sure users feel part of a cool community. I think it’s also a good sign that they have a working destination (https://selfllery.com/). Now we have to see if adding cryptocurrency will be a catalyst for growth.
I wish them the best and plan to monitor their progress (as well as become a user). I think you should consider doing the same. There main ICO starts 4 March, 2018.
SELFLLERY REFERENCE LINKS
SELFLLERY WEBSITE
WHITEPAPER
TELEGRAM
TWITTER