Blockchain startup Block.one opened its blockchain-powered social network Voice over the weekend to limited public access with a promise to reward users for quality content.
Announced in 2019, Voice is pitched as a blockchain-based social media application designed with users of the platform in mind. Offering a “more transparent social media platform for the world,” users of the service are rewarded for their content through the Voice Token cryptocurrency. Users verified on the service obtain tokens based on their participation that they will eventually be able to convert to money.
The service has evolved in testing from being Twitterlike earlier in the year to being somewhat closer to a mix of Facebook and Medium. Posts made on Voice can either be short-form or long-form with a preference for long-form as part of the push by Voice for quality content.
Voice is built on Block.one’s EOSIO protocol best known for the EOS token. EOSIO launched in 2018 with a promise of offering an operating system that allows scalable decentralized autonomous communities with the support of asynchronous smart contract communication.
Arguably EOSIO’s and Block.one’s biggest claim to fame is holding the record for the largest initial coin offering in history after raising $4.2 billion from investors. The ICO gained the attention of the U.S. Securities and Exchange Commission which claimed that the tokens in the ICO were offered as an unregistered security. Block.one settled with SEC for $24 million in September.
Voice was originally scheduled to go public later in the year. The current access is partial in that though content on Voice can be read by all, signups require a request for early access. The ability to invite others to Voice will be available starting Aug. 15.
“We were prepping for a big reveal in the fall — but things changed. The world changed,” Voice Chief Executive Officer Salah Michael Zalatimo wrote in a Voice post Saturday. “So,…