What is Main?
The MAIN social media platform is a blockchain-based platform that is partially operated and owned by its users. It consists of many thematic communities created and run by users, each with their own BEP-20 tokens called community coins. These coins operate as "automated market-maker" protocols, much like Uniswap and Bancor, where their value fluctuates based on supply and demand. Users can buy and sell these coins, giving them power and incentives to own, develop, and manage communities of interest to them. Furthermore, MAIN's utility token can be purchased or earned through various platform activities such as posting, moderating, commenting, rating posts, and inviting friends. MAIN tokens can be used for different functions on the platform, including sending awards, creating communities, launching ads, and buying community coins.
Users can do everything that they would on other social networks, such as commenting, making posts, voting for content, creating their own communities, or joining existing ones. Additionally, they can earn MAIN tokens for their activity on the platform or as rewards from other users. Users can also buy and sell community coins and participate in community development or earn from their growth. To learn more about the project, users can visit the help center.
There are currently around 110 million MAIN tokens in circulation out of a total and max supply of 1 billion tokens. 10% of the total supply was allocated to participants in the token sale, and 20% was allocated to the team, while the remaining 35% each was allocated to the ecosystem and company fund. Based on the current release schedule, 100% of MAIN tokens will be in circulation by 30 January 2030.
One of the unique features of MAIN is the ability for users to build web 3.0 economics inside the social network and monetize their social contributions. Through community coins, users can not only become part of their favorite communities but also own and trade them as an asset. As a community becomes more interesting, better run, and with more active members, the demand for its coins increases, driving up its price. This creates new models of user interaction on social networks, including decentralized community governance and voting, "buy-and-make-popular" strategies, and new mechanisms for the allocation of created value.
The MAIN network is secured by Ethereum and Binance Smart Chain blockchains since MAIN and wrapped MAIN tokens are ERC-20 and BEP-20 tokens, respectively. Consensus algorithms support these tokens to ensure their security, much like any other ERC-20 or BEP-20 token. MAIN community coins are also run as smart-contracts on Binance Smart Chain, securing their value and ensuring their fair distribution.
In summary, MAIN is a social media platform that operates on blockchain technology and partially owned by its users. It offers users the ability to create and operate their own thematic communities through community coins, which fluctuate in value based on supply and demand. Users can also earn MAIN tokens through various platform activities and use them for different functions on the platform. With the potential for web 3.0 economics, MAIN creates new models of user interaction on social networks, and its security is ensured by Ethereum and Binance Smart Chain blockchains.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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