Coreto: A Reputation Based Social Media Platform

petoz (55)in #coreto • 5 years ago

Introduction

One of the best things that has happened to our world in this century is the invention of the block chain technology which has brought about a great change in the way things are done all over the world.

The mining of cryptocurrency is been carried out on the blockchain. The digital currency has gained wider adoption by people due to many benefits it offers and advantages it has over the conventional currency such as faster, easier, boarderless, secured and transparent means of transaction it offers.

Cryptocurrency, apart from being a means of transaction could also be used for investment purpose through timely trading and signals. Many people have become rich through investments in digital currencies. Nevertheless, many people have had their fingers burnt by investing on the blockchain.

The Problem

Major problems people have in getting things right on the blockchain are;
Lack of reliable sources to follow;
There are lots of sources of information about projects on the blockchain but many give bias reports based on personal gains. This has made many of the available sources not to be reliable.
fear of losing money;
On the part of the blockchain enthusiasts, many have the fear of losing their hard-earned money and sometimes make uninformed decisions which may not the best for them.
Low level of financial literacy;
Another problem people grapple with is low level of financial literacy. Many people are not informed and updated when it comes to financial education making them to fall victim easily when there is nobody to guide.
Lack of market experience and education;
Lack of market experience and education especially when it comes to the blockchain and cryptocurrency could really be a major problem to some people because of the way blockchain market is structured unlike the conventional market.

Personal Experience

I could remember when I was very new in the crytoworld. I desired to buy some coin and hodl and even get general knowledge about how the blockchain works but all to no avail. I couldn't get any platform to guide me in making informed choices. I was only doing 'trial and error.' That is why the journey on the blockchain has been up and down. Some of projects I involved in worked and some did not work.
I am highly excited with the project I am about to introduce to you that will put an end to making uninformed choices on blockchain projects.

The Solution; Coreto!

Coreto proffers the solution by providing a reputation-based social platform that bridges the trust gap between blockchain investors, influencers, and project teams.

Coreto is a platform that will build and reinforce trust on blockchain projects. The project was born out of the series of bitter and sweet experience of the Co-founders Iustina and Vlad Faraon with the crypto world. So they decided to create a platform that will assist people in making better and informed decisions in their crypto investment by providing reviews and analysis which is based on reputation. By so doing, this will help in solving the aforementioned problems of lack of reliable sources to follow, fear of losing money, low level of financial literacy and lack of market experience and education

Coreto's Mode of Operation

Coreto will provide a solid platform that will make concrete and reliable information available to the users which they could use when making decisions on the performance and trustworthiness of any project through the reputation of influencers on the blockchain. This will change the mindset of individual users and give them the opportunity to make informed choices without been cajoled into taking any decision.

Coreto will function by generating and gathering knowledge about different blockchain projects in an organized and easy-to-use manner.
The goal of the platform is to give reputation to influential person based on their achievements.
Coreto is a project aimed at bringing all entities that can be called a community to a new level. Coreto's aims is to make various social activities accessible to the people in the safest way possible.

The key principles

Coreto will work by building trust, having content creators demonstrate honesty to their followers which will make their decisions and analyses to be legit and trust-worthy
Coreto will ensure quality through a strict reward system which is basically related to the performance of the content creators
Also, Coreto will use gamification to incentivize content creators and project teams for cooperation
The track record of the content creator’s performance would form the reputation using the blockchain.

Coreto's benefits

Coreto will make use of a huge blockchain community in which it is possible for everyone to win (benefits all), being a reputation-based social platform that bridges the trust gap between blockchain investors, influencers, and project teams. Benefits to the;

Investors
Coreto has put many things in place for investors to help them to have better understanding and save their time by giving them access to authentic information that is verified and trusted.
Investors will have access to materials that are reviewed by reputable content creators.
Investor will Learn from influencers. They will earn by applying and repeat the process
They will have easy assess to the performance of influencers based on their tracked record
They can subscribe to their desired influencers’ content
They will find all major influencers just in one place and use their crowd wisdom to make informed decisions
They can auction for One-on-One mentoring sessions with blockchain experts

Influencers
For influencers who want to build their reputation for recognition, there are huge audience who need their services.
Coreto is an avenue to prove your trustworthiness, gain recognition and grow your network.
All the scattered followers are brought in to one place.
Also to have a profile page which is specifically designed to reflect experience and knowledge
A platform to unlock new features and options as reputation grows.
A good income channel
Offer paid or free One-On-One blockchain mentoring sessions with followers.

Project Teams
Coreto does not leave the project team behind in the numerous benefits which it offers. It has packages that will help the project team maximise the merits of centralized opportunity to have access to influencers and investor.
It gives the project team a sense of fulfilment that could get a platform that has all they need to make their project successful.
Coreto also give motivation to the up and coming project team to be able to host their project successfully because of the available platform.