Project Name: Viben
Abstract: A social network that does not collect information about its users or track them. Free of hate speech, fake news, bullying, and other forms of abuse. Using third-party cookies to target users based on interests and serve adverts on social media allows firms to identify you, jeopardizing your privacy directly; thus, we present an alternative solution. Third-party cookies that invade and intrude on your privacy are a thing of the past; enter interest-based advertising on the Viben network, which does not reveal your identity to advertisers and allows them to target you with adverts based on Interests without jeopardizing your privacy. To avoid interest-based targeted advertising, you can always turn off targeted adverts in the settings.
Viben token users can host events and sell their event slots with the help of the Viben token. However, in the future, Viben will have its own NFT platform with near-zero fees to empower creators across multiple industries.
Advertisements, as well as direct contributions from fans and followers, will incentivize publishers. Each user will be compensated for skippable and unskippable ads and when a Viben user interacts with ads. All ad payouts can also be withdrawn or loaned to other users within the Viben platform, making the Viben social media network function as a payment platform apart from being a social media and NFT marketplace platform. Aside from that, every user account with 15,000 followers will be able to activate monetization and Tip functionalities, where users can earn by creating engaging posts and videos and getting support from their followers.
Users’ content has collectively contributed billions of dollars in value to owners of social media platforms such as Reddit, Facebook, and Twitter. Because of Facebook and Twitter’s clickbait nature, people are increasingly annoyed with these platforms.
India is one of the most populated countries in the world. A recent revolution in the Indian telecom sector has made internet access affordable for all Indians. In India, about 518 million individuals use social media. By 2040, India will have 1.5 billion individuals actively using social media platforms. It is common to find Indians from all backgrounds using social media to express their emotions. This includes people who aren’t well-educated enough to comprehend the significance of social media.
There is a growing number of child abuse, cyberbullying, sexual abuse, and religious abuses on these social media platforms. India has seen a 36% growth in cyberbullying and women abuse, and Indian children are the most cyberbullied children globally. This makes us wonder: “Where are we going?”. “VIBEN” is our answer to this question.
The social media industry has monopolized the world, which indirectly results in several social and political problems. Today’s social media is no longer the past social media; instead of spreading peace, harmony, and love, it spreads bigotry, hatred, and bullying.
Viben is a social media network that seeks to prevent false news by providing explicit sources and references to evidence-based information. Viben users can modify or report misleading or deceptive links.
Social media platforms currently in existence face several critical challenges concerning content moderation. Since they are not developed with Indian culture, lifestyle, or different languages in mind, they fail to appropriately capture or appeal to the larger Indian audience.
The Solution
(i) The Viben community provides the following services to its people.
(ii) A source of trusted news verified by the community
An intelligent system where both the AI & Community can mark hate speech, bullying, & fake news with immediate action taken
(iii) A cryptocurrency that provides functional value to users and runs the entire platform
(iv) A monetization scheme for everyone that uses the platform using ads run by companies and brands
An Inbuilt NFT marketplace feature for content creators
(v) Monetization of accounts for more than 15,000 Followers
(vi) Anonymous and voluntary self-verification method using KYC to ensure more safety
(vii) Allowing users to promote their NFTs, Posts, and creations within our platform.
Trusted news verified by the community.
Viben will only take down any hate or misleading content from unverified sources. This will categorize the list of trusted news sources and references into two. One is state-owned, and the other is an independent news source. We will also coordinate with independent fact-checkers to get the content verified.
Smart social media moderation
Viben will have intelligent social media moderation that relies on groups managed by admins, fact-checkers, people, and the community; currently, social media platforms do not allow people and community members to moderate their content. This could be solved with an intelligent social media moderation involving their people.
Vibe token functional values
Viben Token exclusively serves advertisers like brands, companies, organizations, startups, and small and large businesses to promote on the Viben social media platform. Viben tokens can also be sent from one person to another within the Viben social media platform that can be redeemed for gifts, coupons, products, and services offered by Viben and partners. Viben tokens can be traded into crypto exchanges and sent from wallets to other wallets. Viben allows users to take loans with a small percentage interest.
Monetization scheme
Every user in Viben who directly or indirectly engages with both skippable and unskippable ads on the Viben platform is eligible for payouts and monetized with payouts in their inbuilt Viben wallet.
Revenue model:
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Each wallet-to-wallet transaction has a negligible amount of fees collected by the Viben.
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Viben collects crypto and Fiat to display ads and promotions on its platform
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From the NFT marketplace, Viben collects negligible amounts as fees.
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When users borrow and lend their tokens, we charge a nominal fee.
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30% of the advertising amount collected by the Viben directly goes to its users, 25% of the amount goes for buyback and distribution to users according to their engagement on the platform, and rest 5% is manually burned by the Viben Team to maintain a balance between supply and demand.
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70% directly goes to platform expenses, including salary for developers and community incentives.
Grant Ask: 50K
Metric of success: 10 Million app installs and 200K regular users.
Website and whitepaper: https://Viben.in (website)
Whitepaper: Introduction - Viben Whitepaper
( Please Note: Earlier we planned to go with BSC as its more centralised we thought to move for matic later, When we found we need more decentralised than matic and also near-zero gas we moved to harmony. Some of the content has not yet changed as we are working on it.)
Current progress:
All set to deploy contract on harmony chain.
UI design process started
Team formation completed
Current Milestone:
Completed the goal of having 300+ members in the telegram community.
Coded smart contract (EVM)
Future Milestone:
- 1-3 Days to deploy contract
- 15-30 Days complete App UI/UX design
- 3-5 Months for backend
- 3-5 Months for Frontend
- 6-7 Months to Launch Alpha Version of App
Socials: @viben | Linktree
Team:
Nagaraj Bhat (CEO/Founder): Founder and CEO of Viben, He is a young entrepreneur who worked as founder and CEO of digiyogi technologies private limited an agency that serves in digital spaces such as web development, app development and digital marketing.
https://www.linkedin.com/in/nagaraj-balegadde
George Quinones (CTO/Co-Founder):
An experienced software engineer who has 30+ years of experience, George spent the last 15 years as the POC for Oracle E-Business Suite on Windows platforms.
Vijet Bhat (COO/Co-Founder): Vijet has tremendous knowledge of operations, Beside operations, he is also the legal advisor for Viben.
Mayur M Pattar (UI Designer): A UI/UX and Web Designer with over 2 years of experience and expertise in industry-standard design tools like Figma, Adobe XD, Sketch, Framer, and Adobe Illustrator.
Shreyas M (Jr Developer): A full-stack web developer who has a quest to create something new in the blockchain space.
Rakesh DL (Sr Dev/Co-Founder): A full-stack developer having more than 7 years of experience with MERN and Devops etc.
We are proudly supported by @harmonyIndiaDAO and we accept harmony conditions for receiving grant.
Thank you.