GSC (Global Social Chain, Global Social Chain) is the worlds first new-generation social chain based on hundreds of millions of social users, dedicated to disrupting centralized social networks like Facebook, Line, and WeChat using blockchain technology, revolutionizing the dual role of "manager" and "arbiter" that traditional social network platforms have previously played.

Project Introduction

Social interaction is the most fundamental and frequent behavior in human society. As one of the most important infrastructure components and trading platforms on the internet, social networks are naturally suited for decentralized blockchain technology applications. GSCs vision is to reconstruct the next-generation decentralized value-based social networking platform with blockchain technology, returning data privacy security and digital asset value to individuals.

1. Protect user privacy information security and prevent tampering;
2. Reconstruct ownership of user digital assets, preventing private data from being collected and exploited by platforms, and preventing harassment;
3. Build a value-based social network: use value incentives to transform content production, dissemination, and distribution methods, allowing user-generated content to be monetized as their own value;
4. Establish a fair social user credit evaluation system, creating a friendly and healthy social atmosphere, improving social efficiency.

Project Vision

The GSC project originates from the Mico team. In May 2017, after the Mico team had carefully studied blockchain technology, they found that the pain points of social networks could be effectively addressed through blockchain technology.

Mico is a mobile social platform aimed at the global market, launched in February 2015. With its unique "interest-based smart social recommendation system," Mico carved out its own territory in the global social market dominated by giants, rapidly accumulating over 100 million users, entering the top five of social rankings in over 60 countries, and becoming the leading open social platform globally.

Mico is committed to providing users with a more open and rich social experience, encouraging unconstrained self-expression, matching compatible users through precise algorithms, and simultaneously encouraging users to break the boundaries of the real world, making friends with people around the world through features such as "Discover" and "Roam." According to reports, in 2017, Micos total messages exceeded 100 billion, with over 1 billion "message bottles" thrown, demonstrating impressive data performance.

Based on the natural foundation of the Mico content social ecosystem, after several months of experimenting with using blockchain technology to solve issues such as privacy data security and community incentives, there was a noticeable improvement and optimization in user privacy security and community engagement. With a firm belief in using blockchain technology to reconstruct the next-generation decentralized value-based social networking platform, returning data privacy security and digital asset value to individuals, the Mico team decided to leverage years of accumulated social product experience combined with blockchain technology to create the worlds first social chain, focusing on addressing the challenges and problems faced by social networks. Thus, the GSC - Global Social Chain project was born. Our envisioned plan objectives are:

Develop functions and services that address pain points based on Ethereum blockchain technology on our own Mico social ecosystem products, such as gift systems, reward systems, copyright systems, etc.;

Create a social public chain, based on solutions and experiences gained on Mico, creatively developing a series of services to solve social problems, open to third-party vendors in areas such as e-commerce, social, gaming, etc.;

Deeply integrate decentralized application services developed based on the GSC social chain into Mico, attracting a large number of developers to develop various services and applications tailored to Micos massive user base and needs, building the next-generation social network to disrupt Facebook and WeChat.

Tech Advantages

GSC Coin: The token circulating on the platform, which can be used to purchase virtual gifts for rewards

Digital Wallet: A personal electronic wallet for users to store, transfer, recharge, and withdraw funds

Gift System: Virtual gift system

Users can use GSC Coin to purchase virtual gifts to give, with social interactions accompanied by the flow of value. Fans can buy gifts here for content creators. When fans click on the gift link of a content creator, the gift shop automatically pops up, displaying all the gifts customized by the content creator.

Safety System: Security system

Encrypts and stores users core and private data on decentralized network nodes, returning control of users private data and information to individuals, ensuring data security.

License System: Copyright system

The copyright system is built on the decentralized distribution system IPFS. Users can post high-quality images, videos, and other content in their feeds, setting them as assets that require authorized browsing. Features include:

Charging authorization for high-quality content created on social platforms;

When content is consumed, revenue is automatically consolidated into the digital wallet;

The system will track usage of resources, and when misuse is detected, it will automatically take measures such as warnings or account bans through smart contracts.

Reward System: Reward system

To encourage users to create richer social interactions and higher-quality content, we designed a reward system. The reward pool is a token pool specifically for rewarding contributors to ecosystem construction. Each day, the system calculates the Social Quality Value SVN (Social Value Unit) of each participating user based on an algorithm, rewarding some contributors based on the leaderboard. Every day, the reward pool is replenished according to a reward elasticity factor.

Social Value Unit (SVN): Social value measurement unit

This is the unit measuring the social quality value of each user, serving as an important indicator for evaluating user value in the Reward System.

Algorithm:

SVN = POA + POC + POW
POA (Proof of Activity) - Proof of effective activity
POC (Proof of Charm) - Proof of effective charm
POW (Proof of Wealth) - Proof of effective wealth

Application Scenarios

Virtual gift rewards in live rooms
In Kitty Lives live room, fans use GSC Coin to purchase virtual gifts for streamers on the gift system. The benefits received by the streamer after receiving gifts are automatically saved in the digital wallet.

Digital Wallet
In Kitty Live, income from gifts sent by fans to streamers can be stored in the digital wallet. Based on blockchain technology, earnings can be transferred and withdrawn directly at any time.

User posting paid feeds
Based on the copyright system of the GSC social chain service layer, Mico users can set the pictures or video feeds they post as copyright feeds anytime. Based on the automated processing mechanism of smart contracts, the benefits are automatically transferred to the content creators digital wallet after users browse. The entire process is efficient and secure, greatly stimulating users to create more high-quality content for the community.

Reward System - Leaderboard
Based on the reward system of the GSC social chain service layer, Mico designed a leaderboard based on the SVN (social quality) of users. Every day, a fixed amount of GSC Coin is dynamically drawn from the prize pool based on actual circumstances as a reward for high-quality users, significantly enhancing user activity and content contribution quality on the platform.

Interactive Games
Based on the smart contract technology of the GSC social chain, Kitty Live integrated and developed interactive games in the live room, where players use GSC Coin to purchase props. This solves several pain points in the gaming industry: the card dealing mechanism is not fair and transparent enough; it provides anonymity protection and anti-cheating for players; and the decentralized digital wallet ensures the safety of player funds.

Short Video Rewards
Based on the value network of the GSC social chain, Wakas short video influencers efficiently and securely complete the entire process from content creation, user consumption of content, rewards, and earnings. The intermediary-free value network allows influencers to earn money without middlemen.

Anonymous Social Comments
Based on the development of the GSC social chain, YAY users anonymously vote and evaluate their friends. The process is safe, fully ensuring anonymity and preventing information leakage.