What is SVPER?
SVPER is a social media app that uses blockchain to ensure users can make friends and be rewarded. It also tackles some of the negative outcomes social media brings with it, including fake profiles, intrusive advertising and unwanted content, all of which can contribute to feelings of isolation and loneliness.
Bringing virtual life into real-life
SVPER offers a different dimension for social media where users meet friends online, and can be certain who they are speaking to whilst also getting rewarded for meeting real people in real-life settings. User profiles are replaced, along with messaging and images and instead, video invitations are available. SVPER users are able to view what others are doing near them and are able to meet them straight away, with SVP tokens gained for each person who is met.
In its whitepaper, SVPER highlights key aspects of its overall solution, including increased security and transparency with ERC-721 Ethereum blockchain; videos instead of silent communication; the possibility of romantic relationships and the elimination of fake profiles and bots.
A tokenized economy
The app also features a tokenized economy where meeting up offline is actively encouraged. The SVP token is usable on features and services within it and it can be exchanged on crypto exchanges. There is also a subscription based element to the platform where users can buy a subscription of tokens and have access to different services. SVPER emphasizes the opportunities available in the social networking economy, stating that online dating is one of the most profitable industries ‘accounting for $1.3 Billion in 2017’.
Jean Baptiste-Forte, CEO and founder of SVPER said in an interview with Proactive Investors Stocktube ( July 2018) : “ The idea is to be the number one in the market six months after launching the APP.”
SVPER’s main ICO will run until October 31st. The tokens amount is 1,000,000,000 with an initial token price of $0.0600. A pre-ICO began on September 17th.