Block.one Set to Launch its Social Media Network ‘Voice’ on February 14, 2020

  • Voice, a social media platform built on the EOS blockchain, is set for release on February 14, 2020. Block.one, the firm behind its design, is optimistic that Voice will compete favorably against the likes of Facebook and Twitter. This innovation will mainly use tokenization to promote activity within the network and leverage its authentication features to eliminate bots which are a menace in existing social media networks.

The premier Voice version has integrated only English as the communication language for its beta. This test release scheduled for early next year will only be accessible to the users who are granted access. Its fundamental goal is to identify any weaknesses within the platform’s security and possible improvements on user experience.

It is notable that Block.one has invested over $30 million in funds for the social media network project. Earlier in the year, the firm spent a significant amount in building its brand through investment on Voice.com as the platform’s domain. Block.one plans to recover its capital by implementing an inflation tax for its native tokens on the EOS blockchain.

Voice will be an open-source project as per its protocol design by Block.one. EOS built tokens will fuel the network whereby participants like content creators will receive Voice tokens as a reward in place for likes on their creativity. Basically, this value creation by the Voice ecosystem is designed to promote a fair compensation for adverts.

So far, the Voice network has received an overwhelming subscription for its beta test according to Block.one. The platform is still accepting applications for on-boarding but noted that some features might be limited depending on the country of operation. In addition, the Voice team has assured that compliance oversight has been prudent to ensure they deliver a product within the scope of regulations.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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