By this time, it’s clear social networking platforms are here to stay: folks prefer to socialize with one another online in a large number of ways, sharing videos, text, and pictures on multiple platforms on a daily basis.
The top social networking platform, Facebook, includes a total of 1.88 billion each day busy consumers, and 2.85 billion active users, according to its Q1 accounts for this season. Its daily busy users climbed 8 percent , while monthly active users climbed 10%, demonstrating demand for social media remains there.
However, platforms such as Facebook confront a number of challenges they’re apparently not able to tackle. These include duplicate reports, internet trolls, anonymous users hoping to control the platform for their own gain, and others.
The issue is so large that before this season, Facebook revealed that it required down 1.3 billion fake reports between October and December of 2020. The figure is close to its present daily active user figure, making it crystal clear that on Facebook, it’s relatively simple to be interacting with somebody catfishing ustrying to control usor with many accounts.
The solution is Waivlength, a cryptocurrency-powered social networking platform that’s truly connected and authentic. It removes the most toxic elements out of social websites with a simple, elegant solution: a know-your-customer (KYC) framework built especially for their own platform.
During KYC, Waivlength can confirm users and prevent duplicate reports, internet trolls, anonymous users seeking to control others, and poor actors in general. Now if an actor is prohibited from a social networking platform for misbehaving, then they can simply sign up again via a new email account.
This means they have an infinite supply of consideration to use so they can try unique approaches to deceive others. On Waivlength, as a result of the usage of KYC, if a user is banned they cannot bypass it. If the ban is permanent, they’re outside.
Since Waivlength leverages blockchain engineering and is a principal platform, the data used to confirm users’ KYC will not be held in possession of Waivlength or any firm used to process the data. This also means it will never be sold to advertisers.
The platform will have a special user interface whilst encouraging every basic feature other social networking platforms have.
As standard, there will be functionality to share text-based, image-based and video-based content publicly, among friends, or with selected individuals or groups. There will be a private messaging service too. Users will be able to choose whose content they want to see, alongside other features that will be revealed closer to the time of its release.
Waivlength is a ad-free platform for subscription paying users, so they could browse through the information they would like to view, without needing anything forced on them. Free users, though, will be exposed to ads, nevertheless they’ll complete control on exactly what they allow to be used for advertising.
The details of monetizing the platform is going to be revealed in V3 of the whitepaper, coming in the end of the month.
The near future of Waivlength
Waivlength remains in a first stage, building up a community to create the platform and discussing with multiple partners how some things will operate, such as KYC checks and much more. Only after a first user base is established and the platform is sufficiently created will it launch.
According to the project’s roadmap, the next steps include viewing the WAIV token get listed on CoinMarketCap and CoinGecko and launching a WAIV tracker app for both Android and iOS apparatus. As part of its near-future endeavors, it will also expand its development team, collaborate with influencers and prospective ambassadors, and entice investors.
Between August and October of this year, Waivlength will collaborate with venture capitalists to back the project and quicken its marketing and development plans. An enlarged team and much more sophisticated concepts for the platform are also proposed.
To expand away from the cryptocurrency communityup until October Waivlength will cooperate with influencers outside of it. From November 2021 onwards, it is going to incorporate its KYC protocol, finalize the platform’s leading end, and keep working with influencers to establish a massive community.
Only then will a beta edition of the Waivlength social platform be launched. From there on, the platform will begin being usable and sustained expansion is going to be the goal.
The WAIV token
Waivlength’s native token is $WAIV. It is constructed on the Binance Smart series (BSC) as a BEP-20 token. It has a finite supply that will always be falling in a bid to reward holders. The concept behind its deflationary mechanic is that as supply drops and demand stays steady or increases, the cost has to go up.
A 10% tax is incurred on all transactions to disincentivize selling and maintain the supply going down to make sure its deflationary system works. The 10% tax is distributed among a few initiatives:
- Liquidity pool manifestation — Some of these funds are deposited to the liquidity pool of the token to add liquidity and stabilize its cost
- Reflection — A portion of the funds are distributed to all WAIV nominal holders. Proportional to their own% holding.
- Burn A percentage is sent to a burn address to maintain supply deflating.
- Charity — Many are given to charities that align with the job’s core values.
- Promoting fund — Some of those funds go to the development group to advertise the project.
- Community — A final portion funds community giveaways and events.
400 trillion were dedicated to its pre-sale, and 200 trillion are utilized to provide liquidity on the decentralized market PancakeSwap. A additional 200 trillion were burnt , while 200 trillion were secured for 6 months for future improvement.
The best way to buy $WAIV
Anyone can buy WAIV tokens since these are listed on the PancakeSwap exchanges. To do so we need a few things : to know its contract address, and to get a wallet compatible with all the decentralized platforms.
MetaMask and Trust Wallet are two pockets users may utilize to interact with PancakeSwap. These allow them to connect to the Binance Smart Chain (BSC), on which the market is constructed on. WAIV’s contract address, as listed on its website, is: 0xAA5c91F3df88B8B3863d0899bcA33E70482beD2A
This means that using V2 of PancakeSwap, users can get the WAIV/BNB trading pair to buy tokens. They will only have to pick the number of tokens they’re wanting to buy and devote BNB to do so.
You can learn more about Waivlength on the project’s website.
Important advice : This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise so that you might get back less than you spend. If you’re unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits is dependent on individual conditions.