What is SOL????
While I was browsing through posts here on Steemit, I came across a post about another social media platform called Sola. It seemed like a fairly easy site to use, almost like an Instagram, so I decided to sign up and see what it was like for myself.
I uploaded my first post (of one of my puppies of course) and it was pretty self-explanatory.
https://sola.ai/tmak89
The icon of the person tells you how many views your post got and the yellow icon which is the Sol symbol tells you how many points you received.
I really enjoyed the fact that if you click on the icon of the person, it brings you to a map where you can see the locations of all the people that viewed your post. Kind of cool to see that people on the other side of the world are seeing what I’m posting!
I decided to do a little more research and this is just some of what I was able to find.
What is Sola?
SoLa [Social Layer] wants to be the “open social layer for the Information Age”. The company wants to build a social platform that works in a decentralized way with the help of the Ethereum Blockchain.
The idea of SoLa is to create an environment where users have more voice than in traditional social media. In platforms like Twitter or Facebook, users don’t have so much voice. Digital influencers, celebrities and big corporations have almost all of the attention. Sola wants to change that.
When you open the Sola app, you will see images of the content. You can either skip or endorse the image. If you endorse it, more users will see it, there’s no need to click on some “share” or “like” button to make it more visible to other users.
How does Sola work?
The big difference between how Sola and Facebook work, for example, is that when Facebook profits from you using the site, Sola gives you a part of the profit for using and making content that is going to be shared. Based on the collective decision of other users, Sola chooses how to reward content distributed in its platform. If the users are more engaged in the content you created, you win more tokens.
How to invest in Sola?
To invest in this company, you will have to buy their SOL tokens. ICO will start on November 27 and it will go until December 22, with a hard cap of 5.000.000 USD (50.000.000 SOL tokens). Each token will be sold for 0.10 USD.
Apparently, there are going to be no discounts or bonuses for early adopters. The money raised from the ICO will be used mostly for development (70%) and marketing (20%).
The Verdict
Sola can be a good investment if you are interested in social media platforms and their expansion. The tokens are generally very cheap, so there’s not that much risk in investing if you do not do it in big quantities. The team and the idea of this project look solid, so there are not many chances that you will be disappointed by the company failing or scammed, although you have to know that it will be pretty hard to challenge industry giants like Facebook or Twitter in the social media field.
If you are interested in investing in Sola, give it a chance. The company has an interesting idea and fair chances of going somewhere in the market and you can profit from that.
(Source: https://bitcoinexchangeguide.com/sola/)
What I really like about Sola is that there is a mobile app! While I love Steemit, the lack of a mobile app does make it less accessible for me.