Philcoin has officially launched PhilSocial, a blockchain-based social platform that combines social media engagement with philanthropy.
A Different Approach to Social Media
Traditional social media platforms generate revenue through advertising and data monetization. PhilSocial offers a different model, rewarding users for contributing to meaningful causes via the "Get2Give" approach. Users can engage in activities such as chatting, posting, and referring others. PhilSocial places emphasis on decentralization by operating on the Polygon blockchain, enhancing transparency and privacy protection.
Features and Functionality
The platform provides tools to merge digital interaction with philanthropy. Users can share posts, videos, and live streams while organizing fundraisers for causes. Messaging and video call features facilitate direct communication. Users earn PHL tokens and NFTs that can be exchanged or donated to charities. PhilSocial aims to expand internet access to underserved regions.
Leadership and Strategy
The launch of PhilSocial is marked by strategic leadership with the addition of Jeff Pollack, former CFO of Cardano, as COO of Philcoin. His role includes managing operations, forming partnerships, and driving expansion efforts.
As PhilSocial enters the market, it faces competition from both mainstream social networks and blockchain alternatives. The platform aims to merge decentralized technology with social good. Successful leadership collaboration and adherence to its positive change mission will help PhilSocial establish itself as a sustainable alternative.
