As of 2024, the web3 social media sector is emerging as a significant force within the broader social media market, which itself is a massive $100 billion industry. Web3 social media, characterized by decentralization and blockchain technology, is increasingly being seen as a solution to challenges faced in the creator economy. This includes concerns about data ownership and the need for sustainable financial models for creators.

Bi.social (https://bi.social), with its innovative vBIS point system, is uniquely positioned in this evolving market. By embracing the principles of web3 - decentralization, tokenization, and user empowerment - Bi.social is not just adapting to this new digital landscape but is actively leading it.

Bi.social: The Evolutionary Path to Greatness

Bi.social's journey is characterized by its unique approach to integrating social components into a comprehensive system, fostering a thriving vertical trading community. The platform is spearheading a value revolution in decentralized social networks. By assetizing social networking and socializing crypto investment, Bi.social is gradually establishing a decentralized, one-stop social investment platform.

Phase I: Establishing Robust Social Components

In its one and a half year of development, Bi.social, firmly rooted in the belief that a complete social experience is essential to becoming the most robust and prosperous social platform in web3, has taken significant strides in its first phase. This commitment is evident in the release of all the essential components tailored for web3 social networking needs. With offerings such as Bi·Space for personal spaces, Bi·Search for efficient searching, Bi·Contacts for blockchain-based address books, Bi DID and Bi Avatar for personal identity, and Bi·Post for sharing and communication, Bi.social has built a comprehensive ecosystem.

The platform's dedication to forming a holistic social experience is not just about the integration of these components; it's about ensuring that each user's engagement is seamless, enriching, and wholly integrated within the web3 paradigm. This full spectrum of social functionalities empowers users to navigate, connect, and contribute within the Bi.social universe with ease and security, laying the groundwork for a thriving social economy.

The complete system that Bi.social has developed is a testament to their vision of a comprehensive user experience. It is this very completeness that Bi.social believes sets it apart in the web3 space - a user-centric approach where every feature and functionality is fine-tuned to meet the evolving demands of a modern social network.

Bi.social envisions a future where its platform is not merely a place for social interactions but a thriving ecosystem where social networking and financial growth go hand in hand. The culmination of Phase I's development is the birth of a vertical web3 crypto trading community, anchored by Bi·Post. It's a space where users co-create, share investment strategies, and make informed decisions leveraging collective intelligence, truly embodying the spirit of decentralized collaboration.

The completion of Phase I marks a remarkable achievement for Bi.social, as it has successfully reached over 300,000 registered users and more than 200,000 DID holders. These numbers are not just metrics; they symbolize the trust and engagement of a rapidly growing community. With its robust system and the dynamic community it supports, Bi.social is well on its way to defining the future of social networking in the web3 era. The platform stands ready to transition into the next phase of its evolution.

vBIS: Transforming Every Facet of Social Into Value & Giving It Back to Individuals

As Bi.social concludes a triumphant Phase I, marked by unprecedented user adoption and the successful establishment of a comprehensive web3 social framework, the stage is set for an even more ambitious endeavor. Recognizing the essentialness of assetizing social networks, Bi.social is poised to embark on a transformative journey. This next step is about harnessing the intrinsic value of social connectivity and translating it into tangible assets for the individual.

Phase II: Tokenize Social Network

The next leap in Bi.social's roadmap starts with the introduction of the vBIS points system - a precursor to the platform's token. This system is designed to tokenize social networks and establish greater value for every individual involved. As a test phase for the official activation of SocialFi mechanisms, the vBIS point system is set to inject powerful momentum into the growth engine of the Bi.social platform.

With sophisticated tools embeded in Bi.social platform, users are enabled to follow KOLs with superior trading skills, access their trading signals, and replicate trading strategies. This opens up more opportunities for alpha gains and enhances investment returns. The launch of the vBIS point system allows every user the opportunity to participate in the joint construction and benefit-sharing process of this social application.

The introduction of the vBIS point system is not merely an adoption of SocialFi mechanisms; it represents an exploration into the frontier of web3 social forms. Bi.social disrupts the conventional Write & Earn mechanism by aiming to assetize all key elements of social networking platforms, including

• Network Node Value

  Every node within the social network is seen as a value point, contributing to the overall health and wealth of the platform's ecosystem.

• Connection Monetization

  The relationships and connections between users become avenues for monetization, rewarding the social glue that holds the community together.

• Content Monetization

  Users are incentivized for creating and sharing valuable content, with monetization mechanisms that recognize and reward quality and engagement.

• Interaction Rewards

  Every interaction, mainly in the form of "like" on the Bi.social platform, is acknowledged, creating a rewarding loop for active participants.

• Influencer Monetization

  Influencers can monetize their social capital, transforming their reach and impact into tangible rewards.

vBIS: The Pinnacle of Social Network Assetization

At the heart of Bi.social's groundbreaking journey is the vBIS point system, a suite of features designed to harness the untapped potential of social networks. These features are not just incremental enhancements but radical reinventions of how social value can be quantified, capitalized, and rewarded. They form the cornerstone of Bi.social's strategy to empower users and set a new standard for value creation within the SocialFi domain.

• Twitter Influence Monetization

  vBIS enables direct monetization of Twitter influence. Users can earn vBIS points equivalent to their Twitter followers, seamlessly converting social media influence into real-world rewards.

• 6-Tier Influence Amplifier

  Utilizing the classic theory of 'Six Degrees of Separation' by a well-known U.S. social psychologist Stanley Milgram, this feature amplifies a user's influence. By inviting others, a user's influence expands automatically down six tiers, significantly increasing their social reach and network coverage on the platform.

• Multi-Facet Assetization

  vBIS assetizes on every aspect of social networking, including network node value, connection value, content production, interaction value, and influence. This is achieved through fundamental tasks, invitations, and content mining.

• Quantifying Investment Skills

  Bi.social provides a more rational quantification of crypto investment skills, summarizing these as tangible data metrics. This offers clearer investment directions to the community and allows KOLs to monetize their investment skills more effectively.

• Content Mining for Elite Trading Insights

  Focused on premium investment analysis, the content mining mechanism of Bi.social rewards the creation and early discovery of high-quality content.

Currently, the vBIS points earned by users can only be accumulated in their accounts. In the future, these points will have various use cases, such as being exchanged for premium content features on the platform or converted into Bi.social's platform tokens at a certain ratio. This multi-faceted approach aligns incentives across the platform, ensuring that every interaction and contribution is valued and rewarded, paving the way for a more inclusive and rewarding web3 social network.

Direct Access to Crypto Investment Tools

Looking ahead, Bi.social's vision for a fully integrated social and investment platform takes a significant leap forward with the planned incorporation of DEX and copytrading functionalities. This integration will be a strategic enhancement designed to streamline the user experience and bridge the gap between social networking and cryptocurrency investment.

The future of Bi.social is one where the boundaries between social networking and financial empowerment are blurred, and users can navigate both spheres with ease and confidence. By providing direct access to crypto investment tools, Bi.social is set to empower its users to take control of their financial journey, making informed decisions backed by a community they trust. This will be a step towards an inclusive financial ecosystem where everyone, regardless of their experience level, has the tools to participate in the crypto economy.

Charting the Future: Building the Premier Web3 Social Protocol

The launch of the vBIS point system is not the culmination of Bi.social's journey but rather a key milestone that paves the way for the platform's ambitious future. With vBIS now operational, the platform sets the stage for Phase III, which promises to elevate the concept of a tokenized social network to new heights.

Phase III of Bi.social's roadmap heralds the creation of the premier Web3 Social Protocol. This protocol is designed to empower every user with ownership of a decentralized social network, providing the foundation for a new era of social interaction where users are not just participants but stakeholders in a shared digital realm.

As Bi.social continues to innovate and chart its course into the uncharted territories of web3, the focus remains clear: to create a platform that is by the people, for the people. The vBIS point system is the catalyst for this change, ensuring that as the platform grows and evolves, the benefits and opportunities it creates are returned to those who contribute to its success.

Join the Revolution: Social & Earn with vBIS

Don't just witness the evolution of social networking; be an active participant in it. By joining Bi.social, you become a vital part of a movement that values every post, like, share, and connection. Here, your contributions are not just recognized but rewarded through the vBIS point system. This is more than just an invitation to join a platform; it's a call to embrace a new way of interacting, sharing, and growing in the web3 space. Whether you're looking to expand your social network, engage in crypto investments, or simply explore the vast potential of decentralized social platforms, Bi.social offers a unique and rewarding experience.

Join Bi.social today, earn vBIS, and take your place in the forefront of the web3 revolution. Answer the call, join the revolution, and be a part of this extraordinary journey with Bi.social!