hiblocks is a blockchain-based social media project launched in January 2019. HABL is the major social platform developed by the project. It aims to integrate blockchain technology to increase transparency in the payment and reward distribution process while enabling content consumers to generate revenue.
What are the Main Features of HABL?
- Protection of Personal Information
As the amount of information stored and shared online continues to grow, social media security is more important than ever. However, the centralized data storage and processing methods of traditional social platforms make it easy to abuse a large amount of private information of users, such as identity information, credit card account numbers, and contact information. According to the disclosure, the hiblocks project is a decentralized platform where personal information abuse is limited, thanks to blockchain technology.
- Transparant Distribution of Rewards
As mentioned above, through the decentralized ecosystem, those social media platform operators who distribute rewards in the hiblocks platform, are not the only distributor. Users can earn transparent and direct rewards on the platform, avoiding the intervention of middlemen to affect the profit.
- No Threshold for Users
The hiblocks social media platform allows any user to earn revenue, thereby creating a beneficial cycle of incentives. As both content providers and content consumers earn rewards through incentivized curation, users are motivated to provide quality content.
$HIBS s the native token of the hiblocks ecosystem that can be used for staking, payment, governance, incentive, etc.
