The Social Activity token is a cryptocurrency that is operating on the Ethereum blockchain. The purpose of the platform is to become a trusted decentralized social network in the world. According to the website, the problem with current social media platforms is that the companies that run them are leveraging the users’ data. The Social Activity token endeavours to solve this problem by redefining how social media interacts. The platform is built upon the principle of utmost privacy and security to the user.
The SAT token can be used for various purposes, such as an in-system token to be used by consumers, putting the power back in users’ hands. The token can be used throughout the system in order to facilitate transactions. Social Activity is intent on crafting the token in such a way as to help ensure safety and security.
The SAT digital currency is further claimed to be designed to be used within the sphere, which is a new and private social media platform offering integrity, decentralized markets, and an advertising platform. The sphere possesses various advantages; for example, the platform is strategic, a segregated cloud server, etc.
The token name for the Social Activity platform is SAT, which is an ERC-20 token. The utility token can be used to purchase goods and services on the social media platform.
60% is allotted to application development, 15% to marketing and promotion, 15% to the company, 5% to the legal team, and 5% to security.