Successful launch of the increasingly popular Steemit platform has shown great potential of using proprietary cryptocurrency to reward members for creation and selection of a media-content. Steemit has developed proprietary blockchain technology for its social network.
However, Steemit has been attacked by hackers shortly after the launch. This fact means that Steemit application has been developed in a rush and contains some vulnerabilities that require some time and money to be removed. Only time will tell whether Steemit will have success in the long run.
A similar social network “Yours” is to be launched shortly. It is planned to use BitCoins instead of a proprietary cryptocurrency to reward members for creation and selection of a media-content. “Yours” is using the blockchain of BitCoin for its social network and utilises all technological advantages of the largest ecosystem.
Both projects are based on the powerful idea to reward members for some particular actions, that is, a foundation of CRYPTofFly project back to the beginning of 2016.Our CRYTonFly team is developing the decentralised platform that uses the proprietary cryptocurrency CRON to reward members for any performed actions, that could be verified with the use of a smartphone or other telecommunication devices both in the Internet and in the real world.
CRYPTonFly platform is based on Ethereum blockchain and utilises all technical advantages of this biggest ecosystem.The first and basic activities in the project are visiting of the selected public places and checking-in by the members that will receive rewards for that actions.