Social Media Market ICO
The social media market is the world’s first decentralized marketplace that connects social media advertisers with bloggers through a fraud protected blockchain based platform. The platform aims to solve marketing problems by putting forth a new concept of creating opportunities for community engagement, content monetization and capturing target audience. With this new blockchain based ecosystem, social media market is going to streamline the market interaction between bloggers, influencers, and businesses.
What is Social Media Market ICO – Concept
Social Media Market seeks to introduce a system through which marketing tools and procedures can be made more simplified. Influence marketing is supposed to be most cost-effective advertising solution, therefore, social media market helps advertisers and influencers by providing them transparent channel so they can connect conveniently. It also intends to keep the integration intact by reducing fraud elements and saving costs for all stakeholders.
How Does It Work?
It is estimated that a wisely spent $1 creates more than $11 in return. Social Media Market helps influencers or bloggers, irrespective of any geographical location and industry to communicate with advertisers, share innovative ideas with them and help them market their products to the masses more effectively.
Using smart media tokens, the platform enables marketers and bloggers to have a fraud protected, safe and fast medium for undergoing transactions by saving up to 30% budget loses. Usually, these losses result from low efficiency, complicated transactions and complex partnership relations between businesses and influencers. The social media market is going to be the ultimate solution for running marketing campaigns over social media platforms.
Earn Social Media Market Tokens
People who wish to earn social media market tokens can do so by participating in the launching ceremony of the ICO which is expected to take place in February 2018. At the time of writing this review, almost 31 days are left in the launch of the ICO. The ICO’s pre-sale has already been concluded and the ICO has managed to raise ETH 1286.86 successfully.
Buy Social Media Market Tokens With E-Wallet
Social Media Market’s token is based on ethereum and ethereum is a cryptocurrency. Therefore, people wishing to buy social media market tokens need to have an e-wallet account first. Many companies are offering free electronic wallets these days. Buyers can open an e-wallet with any reputable company. To buy social media market tokens, you will have to buy bitcoin or ethereum first and then exchange send to the social media market ICO, once the ICO is over you will be sent your social media market tokens to the wallet you create.
The ICO Distribution
The ICO planned to launch its sale following two phases. As per the available information, sale phase -1 launched in December has already been completed. The ICO planned to raise at least 2 Million SMTs during its first sale. A hard capping for 1st sale was defined as 10 Million SMTs.
The second phase of the sale of the ICO tokens is expected to take place on February 9th, 2018. The minimum funding target of the ICO for its second sale is the same as that of its 1st sale. However, the hard capping for the second phase of sale has been re-defined and it is set as 30 Million SMTs with 1 SMTs being equal to ETH 700.
Please note that the ICO have added all unsold tokens during the phase-1 sale to the phase-2 sale. However, any unsold tokens at the end of the 2nd phase will be burned.
The ICO has already provided bonuses to buyers who participated in the phase-1 sale of the ICO. The ICO won’t provide any bonus in its second phase of the sale.
The ICO has five core team members as mentioned below;
- Dmitry Shyshov is the Chief Executive Officer and Founder of the ICO.
- Alexandra Morozova is also the Co-founder and Chief Marketing Officer at Social Media Market.
- Anna Koval is a marketing communications expert at Social Media Market
- Viktor Perekhod is manager business development
- Maksym Churkin is a Tech Lead in the ICO.
Token Reserve Split (100%):
- 30% token reserve split will be offered during the sale of Phase 1
- 50% token reserve split will be offered during the second Phase of the sale
- 15% token reserve split will be kept aside for core functionalities of the platform
- 05% token reserve split is to be kept for advisors and partners
Invest in Social Media Market
Social Media Market is going to introduce the world a modern way of running marketing campaigns and targeting the right audience. Based on blockchain technology and powered by smart contracts social media market will surely make the difference.