What Is Subsocial (SUB)?
Subsocial is a next generation content monetization and social networking platform, allowing anyone to build innovative social applications on top of a shared social layer, where users truly own their connections, data, and profiles. With monetization features like Creator Staking working to boost network growth and curation, Subsocial provides the foundation for the social apps of the future.
Subsocial runs on top of the Polkadot network, providing it with robust security, and allowing it to easily communicate with other chains. By leveraging this approach, Subsocial is able to be custom-built for social functionality (providing benefits such as low fees), while still being part of an ecosystem and having access to other types of applications, like DeFi.
Built with the Polkadot SDK, Subsocial features a truly decentralized on-chain treasury and governance system, and possesses the ability to upgrade without forking, according to the will of SUB token holders.
Subsocial's native token SUB allows users to participate in on-chain governance, manage the treasury, register Subsocial Usernames, stake to their favorite creators, create content and applications, and create Energy to lower transaction fees.
Who Are the Founders of Subsocial?
Alex Siman is the founder and architect of Subsocial. Siman is also a Polkadot ambassador and the founder of DappForce, Substrate Ukraine and LearnWell Club. He holds an MCS degree, and has been a software developer since 2004 and a blockchain developer since 2017.
What Makes Subsocial (SUB) Unique?
Subsocial is Polkadot's social layer. It’s an open platform constructed with the Polkadot SDK to build social primitives (such as posts, profiles, comments, likes, etc.) and the IPFS decentralized file system to handle storage. It is censorship-resistant and has built-in monetization mechanisms.
Subsocial is aiming to disrupt existing social media platforms by offering solutions to their endemic issues. These include global censorship, lack of customization, unfair monetization, inconvenience of use and monopoly on network effects.
One of the key points of Subsocial compared to other Web3 social projects is that it is built on Polkadot, providing sovereignty and allowing it to be custom-built for social use cases, while still being part of a thriving ecosystem. Polkadot allows Subsocial to communicate with other chains without traditional bridges that are slow and expensive. Compared to other social projects, Subsocial has the best of both worlds: customizability, and ecosystem access.
How Is The Subsocial Network Secured?
Subsocial uses a nominated Proof-of-Stake (NPoS) consensus mechanism, and runs on top of Polkadot, where it receives scalability and security through Polkadot's segmented design and shared security umbrella.
| # | Name | Pair | Last Updated |
|---|