SocialFi
Last updated
Last updated
ForthBox leverages Web 3.0 SocialFi module to attract new users to participate in our established GameFi and NFT ecosystem. It is also a medium for existing game players to broaden the boundary of their social network. We are going to build a complete social economic system and help users realize the sovereign value of personal data. We think SocialFi is going to be the next big thing in Web 3.0. In the ForthBox platform, players can not only earn from playing games, but also from a well-designed community consensus mechanism. We are going to build a next generation value transmission and decentralized social identity network.
Users can post articles and short videos on the ForthBox community. A user’s community level represents his/her activeness, to some extent, indicating his/her contribution to the community and the platform as a whole. The higher a user’s community level, the more rewards this user will get.
The ForthBox game system itself is a social network based on a well-organized blockchain game ecosystem and related resources. Users can make profit through playing 15 premium blockchain games developed by ForthBox. In the game guild module, more functions will be available, for example, organizing group competitions/battles between game guilds to win prizes.
There are some basic core modules in our social system, including chat room, instant messaging and even voice translation. ForthBox wants to develop a built-in tool that allows players and users to interact with each other at any time and anywhere.
ForthBox encourages all players to send invitations to others, and both parties will receive rewards for completing assigned tasks. The token economic incentive system will spontaneously coordinate the incentives between game players and developers. The system rewards players who interact with ForthBox, meanwhile encouraging them to hold tokens. Users want ForthBox to become a truly community-driven ecosystem.
For those who are unfamiliar with the concept of decentralized autonomous organization, here is a brief explanation:
“A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.”
$FBX token is the governance token of ForthBox DAO. DAO creators can set any rules for their voting. DAO uses technologies such as networks, algorithms, blockchains, consensus mechanisms, smart contracts, etc. ForthBox DAO can help ForthBox improve its internal management workflow, decision making process and efficiency of operation. Building a new type of production relationship that is decentralized and autonomous, so that the organization will have a positive-sum game in the process of governance and development.