10 Social Networks Built On Top of Blockchains

Inside Bitcoin presented by Airbnb.

Presented by Subscribe | View in browser Good afternoon! Today I bring you a special issue of Inside Bitcoin featuring 10 social media sites built on top of blockchains. Have you tried any of these? What are your impressions? Let me know at allen.taylor@inside.com. Some readers have been suggesting additions to our top Bitcoiners list on Twitter. I really appreciate it. We'll continue updating that list again next week. Meanwhile, enjoy it as it is and feel free to keep your suggestions coming. -- Allen, guest editor       Market Watch: The market is leaping today. XRP is the big winner among the top five. Other popular coins made a big bounce, as well, including Stellar, Bytcoin, Electroneum, IOT, Ravencoin, 0x, and Dogecoin, all among the top 10 biggest gainers. RIF Token is the biggest loser for the second day in a row. Bitcoin: $10,220 (⬇️ 0.36%) // $183.3 billion market cap. Ethereum: $214.20 (⬆️ 3.61%) // $23.0 billion market cap. XRP: $0.31 (⬆️ 9.01%) // $13.5 billion market cap. Bitcoin Cash: $328.11 (⬆️ 1.67%) // $5.90 billion market cap. Top 100 Winner: ABBC Coin: $0.15 (⬆️ 38.18%) // $86.2 million market cap. Top 100 Loser: RIF Token: $0.12 (⬇️ 6.76%) // $61.4 million market cap. Prices are as of 1:05 p.m. EDT.       1. Steemit is the largest blockchain-based social platform to launch, exiting the gate in 2016 by Steemit Inc., a company founded by Ned Scott and Dan Larimer. Larimer has since gone on to other projects, but Scott is still CEO of the company he co-founded. Steemit is a social blogging platform launched to demonstrate the power and capabilities of the Steem blockchain. Until recently, the platform has been under much scrutiny for the use of bidbots to game its complex rewards system. In late August, however, Steemit introduced Hard Fork 21, which changed the payout scheme to give equal weight to new content creation and content curation. That was supposed to discourage bidbot usage, but a bug in the code required a subsequent update. Users earn STEEM for creating and curating content on the platform and also have the ability to split rewards into SBD, Steem's version of the stablecoin. Influence is increased by converting STEEM into Steem Power. -- STEEMIT       2. Minds calls itself the "leading open source social network for Internet freedom." Minds was co-founded in 2011 by Bill and John Ottman and migrated to the Ethereum blockchain in 2018. Bill is the CEO. The site opened its alpha version in 2015 with the support of Anonymous. In 2018, Minds raised $6 million in a Series A funding round backed by Overstock's venture capital firm Medici Ventures. Minds has some interesting features, such as Minds Plus, which allows users to upgrade to a premium service and receive exclusive content, and Wire, a P2P payment and crowdfunding feature. Minds has been criticized, however, for attracting neo-Nazi and other fringe groups. Minds is primarily a mobile app. -- MINDS       A MESSAGE FROM AIRBNB Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. Learn More 3. Trybe launched earlier this year on the EOS blockchain. Trybe has one of the easiest user interfaces for creating articles, however, directly out of launch they were only interested in articles on cryptocurrencies. They are slowly expanding their content offerings to other topics. Users earn Trybe tokens for content creation and interacting with other users on the platform. Unlike most decentralized social platforms, Trybe explicitly warns users not to spam or plagiarize or their accounts will be suspended. In order to transfer Trybe tokens off the platform, users will need an EOS account. Trybe also incorporates monthly airdrops and token staking into its platform to encourage users to spend more time on the platform creating content and earning rewards. -- TRYBE       4. Sapien is a social news platform designed to compensate users for helping fight fake news. With some unique features, Sapien uses a democratic process to create communities, giving users a say in the governance of those communities. It also allows users to be anonymous. Built on the Ethereum blockchain, they compensate users with the SPN Token. Sapien has a developer platform, which it plans to open to third-party applications in Q3 2019. Sapien also gives users control over their own data and allows them to earn SPN when they share that data with advertisers. Of course, users can also earn SPN by creating content, and they can spend it by purchasing physical and virtual products on the Sapien marketplace. -- SAPIEN       A MESSAGE FROM VETTERY Keep your recruiting strategy competitive with Vettery's 2019 Tech Salary Report We aim to make the recruiting process more transparent for job-seekers and hiring managers, across the board. And we noticed there's one thing people can't stop talking about: salary. We believe that when all parties are on equal footing, everyone is poised to have a better hiring experience. Get the report 5. Kin is a cryptocurrency created by the messenger app Kik. The essence of Kin is to give app developers a way to earn cryptocurrency for their creations and consumers to interact with developers through microtransactions. Developers use the Kin SDK to become a part of the Kin ecosystem and earn rewards for their applications allowing app users to spend Kin within the apps. Kin launched its blockchain last year and already has over 50 applications developed for iOS and Android. App categories include gaming, health and fitness, communication and social, news and entertainment, travel, education, lifestyle and finance, and more. Its stats page boasts 10.6 million unique earners and 2.2 million unique spenders. -- KIN       6. Narrative launched into beta on April 2 this year with a unique social structure based on the NEO blockchain. One of Narrative's unique features is the ability for users to "buy" niches, which are defined as topical subject areas for posting content. Niche owners then earn a portion of rewards earned from content posted in their niches. The native token is NRVE, the value of which has been in steady decline since June. Several planned key features of the platform, such as niche moderators and tribunal elections (the governing body of the platform) have yet to be rolled out, but the publications feature is expected by the end of September. Narrative is fighting plagiarism and low-quality content issues. -- NARRATIVE       7. Mastodon is a decentralized alternative to Twitter with a 500-character limit for posts. This social networking site is notable in one other way: There's no monetization strategy or cryptocurrency associated with the project. Instead, founders opted to fund its development through Patreon donations. It's an open-source project that launched in 2016. -- MASTODON       8. Indorse is a blockchain version of LinkedIn. Users validate each other's skills and can prove their developer chops with skills reports and assessments by industry experts. Indorse also hosts hackathons, which allow developers a way to prove their skills in action. Companies can partner with Indorse to sponsor a hackathon without hosting one. Developers can also upskill using skills test and content modules. Companies can try new developers out before hiring them by providing them with tailor-made coding assignments. Indorse's Ethereum token is called IND. -- INDORSE       9. The PROPS Project is the blockchain's answer to YouTube. Endorsed by YouTube sensation Phil Defranco, the open-source project has also managed to secure the backing of Union Square Ventures, Venrock, and Comcast Ventures among other notable venture capital firms. In July, the Securities and Exchange Commission approved Props, the first RegA+ token, which is being billed as a cross-app reward system. The Props token allows users to mine crypto through apps like YouNow when users create broadcasts, watch videos, and tip other creators. Another notable achievement for Props is that Coinbase Custody listed it not long after the SEC's approval giving institutional investors access to one of social media's strongest blockchain contenders. -- PROPS PROJECT       10. Voice is the most anticipated blockchain-based social media site since Steemit launched in 2016. What the two have in common is Dan Larimer, now the founder and chief technical officer at Block.one, which runs the EOS blockchain. Voice has not yet launched, but it's been called both a "Steemit killer" and a "Facebook killer." One of the most anticipated features of Voice is its planned authentication system designed to prevent bots and other bad actors. Users will be able to earn Voice, the native token, and spend them on the blockchain to drive their own opinions to the top of the heap. Voice is so anticipated it has its own news podcast show. Users can sign up for beta access on the Voice website. -- VOICE Which of these platforms have you tried? Hit reply and let me know.       Inside Bitcoin is written and curated by award-winning journalist and former newspaper editor Allen Taylor. Recognized by the Dallas Bar Association three times for excellence in legal reporting, Allen has since gone on to author, edit, or ghostwrite several white papers, books and e-books, and over 10,000 blog posts for clients ranging from small business owners to global management companies and corporate executives. Learn more about him on LinkedIn. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Earn money by sharing your space. List your place now. Vettery is changing the way people hire and get hired. Get in touch.

We're Hiring! Learn more. | Sponsorship opportunities Copyright © 2019 Inside.com, All rights reserved. Our mailing address is: Inside.com 767 Bryant St. #203 San Francisco, CA 94107 Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.