Pi Network Unveils Web3 Social Platform Fireside Forum to Foster Positive Online Interactions
Web3 app ecosystem Pi Network has launched a "self-moderating" social platform with integrated tokenomics, meant to encourage better content and raise accountability - where users pay to post.
Founded in 2018, Pi Network is described as a community of Pi miners who are working on building a Web3 ecosystem.
On Wednesday, the project revealed the decentralized Fireside Forum - a Web3 social platform that emphasizes authenticity, constructive conversations, and healthier online interactions, according to the press release.
This platform allows Pi Network members, aka Pioneers, to interact with millions of other people. However, the new model dictates that the Pi crypto is used to reward positive and penalize negative interactions and behavior in posts, replies, and channels.
The press release stated that,
"This latest product offering from the Pi Core Team envisions what a true Web3 social network can be by integrating tokenomics to increase accountability and encourage better content, while tackling spam and online harassment."
Fireside Forum is available on the Pi Browser, a Pi Network mobile app that can be downloaded on Google Play or the Apple App Store for free.
The team argues that, unlike traditional social media platforms, cryptocurrency is integrated into the core of Fireside Forum's social mechanism.
The use of tokens is meant to help moderate behavior online and create a "healthier user experience."
Additionally, the users pay for posting.
"Counterintuitively, [Fireside Forum] explores the idea of creating posts at a cost, whereby authors can only recover this cost – via tips from an approving decentralized audience – by providing great content."
This, the team said, is expected to result in "meaningful interactions,"
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