Blockchain

RougeCoin Aims to Break Up the Social Media Monopoly

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The last few years have been memorable for many reasons. One thing that could not be missed was the power that social media companies and ‘big tech’ can yield.

From banning a sitting president from social media to dictating the flow of information, the role of big tech and the social media giants has come under serious scrutiny.

And it is not just the people that are getting tired with the behaviour of social media companies, governments such as France and Australia, are challenging the status quo.

RougeCoin Rewards Users for Social Media Posts

Now, a new decentralized blockchain project being launched could well break up and disrupt social media. RougeCoin is building an outlet for a new and unique social media platform not yet explored. By bridging the gap and fusing between blockchain technology, cryptocurrency, and social media, RougeCoin will replace the traditional social media “likes” system with a new tipping mechanism.

The RouGee Network will be powered by the RougeCoin (XRGE). It is an open-Source decentralized Social Network where users are rewarded by other users.

Developed by a team with unparalleled links to celebrities, musicians and prominent figures within the entertainment industry, RougeCoin is fast becoming a serious project for taking social media back from big corporations whilst developing an ecosystem that will enable the social media posts from artists, musicians, models, comedians, and photographers to be on a streamlined, fluid timeline not unlike the current flow of social media apps today, but monetized.

The more you post, the more chance you’ll get likes, which equates to RougeCoin into your account. As there are no restrictions on the content, users will enjoy a decentralized social media platform free from the censorship and control of ‘Big Tech’

One to Watch

With a clear roadmap in place and milestones being achieved, the RougeCoin project is taking shape. Now the RouGee Alpha V1.3 is live, the foundations are being laid for a solid and viable ecosystem. At the moment, you can use ETH to purchase XRGE and the project is expected to be fully operational and functional, with an ICO (Initial Coin Offering) in either the final quarter of 2021 or by the end of the first quarter of 2022.

With 10 billion tokens locked, the decentralized managed blockchain offers transfer speeds of up to 5x or even 10x faster than bitcoin. Now, officially listed on the Polygon network, RougeCoin will be using renewable energy solar farms and hydropower to power its own blockchain.

Along with an integrated wallet, an NFT store is planned which, considering the artistic background and connections of the RougeCoin team, should be definitely something to keep an eye on.

You can view the RougeCoin Whitepaper here.

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About the author

Ben

Ben is an experienced trader having worked for HSBC and Bank of Ireland. Ben takes a keen interest in the financial markets, and is a regular forex and cryptocurrency trader and commentator

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