Block.one EOS Social Network ‘Voice’ Endures Costs of $150 Million, Required Over a Year to Complete
- Block.one spent $150 million in developing the recently released Voice social media network
- They have also been working one year on it
Block.one has recently announced a new social network called Voice.
Only Real Users, Not Bots Can Open Accounts on Voice
Mr. Blumer explained that they spent a year working on this social media platform that is called Voice. The product was announced, however, on June 1, 2019. At the moment, there is an available beta for users to sign in and test the network.
Block.one is also the company behind the EOS blockchain and project. As he explained, only real individuals are going to be using the platform rather than bots. In order to do so, users will have to provide information about themselves, including IDs.
Blumer explained that they need to understand with who they are operating and they are taking all the necessary measures for his to happen.
Meanwhile, Dan Larimer, the CTO of Block.one, explained that the coin has the fairest distribution model in the world. The platform is going to be working in a different way than others and it will have a different set of content sharing rules.
Larimer said about the coin:
“The Voice token is not created by buying it or burning electricity. It can only be created by being a real person, producing real content, liked by real people. When you participate, you earn.”
Not The First Blockchain-based Social Media Network
Larimer has also worked in the past on Steemit as the CTO. This is also a blockchain-based social media network that rewards publishers for their posts.
There are also other social media networks working with blockchain technology and virtual currencies. Kik Interactive Inc., for example, decided to launch a digital currency to reward users on its platform. However, the U.S. Securities and Exchange Commission said that the company did not create any real use case for the virtual currency called KIN.