Horyou Token, a Blockchain Powered Social Networking Platform for Crowdfunding

egetror (51)in #steempress • 6 years ago

The blockchain technology has revealed how easy it can be to maintain records, connect with different people, and maintain transparency without any risk of manipulating the records. It essentially works as a public ledger that contains all the essential entries and forms a chain by connecting numerous blocks.

Since the initiation of blockchain, experts have been working to use this technology for developing better solutions. Horyou is one of the leading platforms, utilizing the features of blockchain to develop an ecosystem where every participant can socialize, interact, and create positive impact along the way. This platform is designed to promote social good by using the state-of-the-art technologies. Let’s find out more about this new blockchain powered platform.

How does it work?

Horyou is aiming to form a social network like other social networking sites. Its intuitive platform will not only connect different people, but also allow them to make the donations and fund some major social projects. The social project fund raisers can find it a great solution for crowdfunding. This platform is not formed to be another social networking project. It was created with a goal of encouraging people for doing good. Anybody from individual users to an organization can join this platform and invest in humanitarian projects. People can have necessary interactions before making donations and ensure their fund is reaching to the targeted agency.

Resolving issues associated with traditional social networking sites:

The main aim of this platform is to promote economic inclusiveness which cannot be done on normal social networking sites. It aims to bring people from all over the globe together and help them in funding projects which are trying to achieve UN sustainable goals. There are many risks that prevent people from funding projects on the existing social networking platforms. Therefore, a blockchain powered solution is required to resolve this issue.

Blockchain is at the core of Horyou project. It is featuring a unique cryptocurrency, known as Spotlight. This native currency will be used by all the members who want to fund projects. The reward system of this platform is quite pleasing. Every user is rewarded by assessing different factors. So, you will not only buy the Spotlight, but you can also earn it in the form of incentives provided by Horyou.

Numerous renowned NGOs have recognized the potential of the blockchain technology and now Horyou is what they are planning to use. This platform will help people in financing environmental projects without any risk. Complete transparency will be maintained in order to help the members in assuring that their funds are debited by the right users. This platform is offering a decentralized network to promote more decentralized governance. It will encourage people to put more efforts in developing new solutions.

Final thoughts:

The blockchain technology is new, but still it is effective enough to offer a transparent medium for crowd funding. Horyou, a blockchain-powered social networking platform will soon turn into a reliable crowd funding platform that many people will use to be part of some revolutionary projects.