SoMee vs. Facebook: A Comparison of Social Media Platforms
Social media platforms are an integral aspect of our lives and it’s difficult to envision an entire day without checking our Facebook as well as Instagram accounts. With the recent revelations of the ways in which Facebook is monetizing user data increasingly, people are looking for alternative platforms that protect their privacy and pay for content. One such platform is SoMee, a decentralized social media platform built using blockchain technology. Within this piece, we will look at the comparison and differences between SoMee and Facebook and explore the major differences that exist between these two services.
SoMee Social Platform
SoMee is a social media network that is decentralized which aims to provide users with a secure and safe place to express their thoughts or ideas as well as experiences. The platform is built with blockchain technology that ensures that information shared by users is stored securely and cannot be interfered with. SoMee is committed to protecting users’ privacy, and it does do not sell personal information of users to third-party advertisers. Instead, users are paid by tokens called $SME to pay for content they share on the platform. The tokens can use to purchase items and services or exchange to other cryptocurrencies.
One of the distinctive features of SoMee’s platform is its emphasis on engagement with users. It has a unique algorithm that rewards users who create and sharing quality content. This means that users who share engaging and relevant information are more likely to receive tokens for $SME than those posting content that is of poor quality.
SoMee Token $SME
The token $SME is the native cryptocurrency of the SoMee platform. It is used to encourage users to share their content and facilitate transactions on the platform. Users can earn $SME tokens from creating or sharing content, engaging with other users’ posts and introducing new users on the platform. Users can also purchase $SME tokens using cryptocurrency exchanges and use them to purchase items and services offered on the platform.
SoMee’s focus on the $SME token as a way providing users with a reward for the content is a major departure from the business model that traditional platforms for social media like Facebook. Instead of monetizing user data, SoMee rewards users directly by recognizing their contributions to the platform.
Facebook’s Business Model
The basis of Facebook’s business model rests on advertising. Facebook collects vast amounts of user data which it uses to serve advertisements to users in accordance with their interests, age, geographical location, and other aspects. The advertisers pay Facebook to display their advertisements, and Facebook makes use of this revenue to finance its operations.
One of the main criticisms of Facebook’s business model is that it focuses on exploiting data of users for the sake of making money. Facebook have been accused allowing third party companies access to data of users without user consent and of using user data to influence elections and political campaigns.
Another problem with Facebook’s business model is that it causes an imbalance of interests between the business and its users. Facebook’s primary goal is keeping users glued to the platform for as long as they can in order to make sure they’re exposed to more advertisements. This can result in users spending longer on the platform than they intended and could have negative effects on their mental health and wellbeing.
SoMee in comparison to. Facebook
SoMee and Facebook have different approaches to making money through their platforms. SoMee rewards users directly with their own content whereas Facebook relies on advertising revenue generated by data collected from users. This means that SoMee will be more centered on providing an experience that is positive for users and engaging users, while Facebook is more focused on making money.
Another distinct feature between the two services is their dedication to the protection of privacy of users. SoMee is committed to protecting the privacy of user data and does NOT sell it to third-party advertising. Facebook however, on the other is accused of allowing third-party businesses access to user data without users’ permission.
Then, the use of SoMee’s
The use of blockchain technology sets it distinct from Facebook. Its decentralization ensures that data of users is protected and cannot be altered. This gives users greater control over their information and decreases the possibility of data breaches and hacks. Facebook however, on the other however, has a centralized architecture that has been criticised by critics for being vulnerable to hacks and data breaches.
Another benefit of SoMee is its emphasis on user engagement. In return, users are rewarded for posting high-quality content SoMee allows users to upload content that is relevant and engaging. This can result in a better user experience, and helps to build a strong user base on SoMee. Facebook is, on the contrary side, has been criticised for its algorithm, which prioritizes posts that have the highest participation, regardless if it’s quality or importance.
One of the potential drawbacks of SoMee’s small users. Although SoMee is expanding rapidly however, it has fewer members than Facebook. That means that users might not be able to be as popular on SoMee as they would on Facebook. But the company’s focus upon quality, not volume means that users are more likely to interact with content on the platform, which can lead to better rate of conversion for advertising.
In conclusion, SoMee and Facebook have distinctive approaches to making money on their platforms. SoMee provides users with direct compensation for their content and has a commitment to ensuring the privacy of users however, Facebook is based on the revenue from advertising generated from user data. SoMee’s use blockchain technology and its focus on user interaction differentiates it from Facebook and could make it a viable alternative for users looking for an open and friendly online social platform. But, the comparatively small number of users means that it may not be in a position to compete with Facebook in terms of reach as well as advertising revenue. Overall, both platforms have their strengths and disadvantages, and the choice of which one to choose is dependent on the specific wants and preferences of each user.
know more about SoMee $SME token here.