BOOSTO ICO Review
BOOSTO is an influencer driven decentralized app store. It provides a protocol for creating decentralized applications that act like an entire ecosystem and allow developers and companies to easily build DApps that directly interact with individual influencers, influencer networks, social media platforms, and brands with consumers, services, companies and much more.
BOOSTO’s platform aims to empower global influencers and developers through unleashing the full potential of influencer led communities, by using blockchain as a foundation of trust and tokens as incentives to build various interactive decentralized applications. The developers can tap into the influencer network and collaborate to provide more interactive functionality with audiences and sponsors. Selected influencers will also be able to issue their personalized tokens, and through this system, the implicit potential of influencers can be measured by the total value of their tokens. Early supporters of influencers growing in popularity will be rewarded, since they can now use their existing tokens to buy more influencer’s services, or exchange for more goods and services of other influencers.
BOOSTO token is the main token that will be used as a means of exchange, used on the BOOSTO’s Platform, which is built on top of the influencer infrastructure.
BOOSTO provides development framework including SDKs, APIs and Oracle services for developers to develop various DApps. Influencers power the marketing for developers and get the revenue share.
The Project Company partners with Boostinsider, Inc. (“Boostinsider”), which is a San Francisco based company, focusing on B2B solutions with a team of developers who are passionate about creating tools to enable customizable DApps to take innovation to the next level. They understand that by adopting blockchain technology, we can create even better transparency for data and payment. By incorporating tokenization mechanics to decentralized network, we can remove rent-seeking intermediaries and provide direct incentivization to ecosystem players, especially independent developers and early adopters.
BOOSTO tokens will launch as an ERC20 token on Ethereum Blockchain and will be used as the main medium of exchange on the BOOSTO platform. Content creators will no longer need to go through a centralized system that control how they can monetize their brand. All ecosystem tools and applications will need to use the Tokens as the main currency for payments.
The BOOSTO wallet (“BOOSTO Wallet”) will be integrated directly into the influencer Personal Store that will handle all Token-related transaction activities, such as creating the user’s wallet on the Ethereum blockchain, and performing transferring, buying, and redemption functions, both internally on our network and externally on the blockchain.
|Q1 2018: Product design and concept validation
Q2 2018: Launch of SocialBook DApp built on BOOSTO prototol, and participation of 10 selected influencers.
Q3 2018: BOOSTO protocol beta launch, allowing 3rd party DApps.
Q4 2018: BOOSTO platform official launch, open to 350k influencers.
2019: Ongoing iterations and expansions.
|Head of Product
|Token Design Architect