Selfllery YOU ICO: The Social Platform for Visual Content Monetization? (ICO REVIEW)

It is no longer a secret that with the exponential increase in the number of smartphones around the world, the amount of digital photos that are taken per day are increasing at an unfathomable rate. Statistically speaking, in 2017 there are more than 1.2 trillion photos that were taken. This was 600 million more than 2013, the number of captured images will surge beyond the 2 trillion mark. All of this has happened due to the simple reason that the camera has become more and more affordable with each passing year. Today, billions of people carry smartphones, and are able to publish photos on the internet instantly (due to falling data chargers).

What Is Selfllery?

Selfllery is an all-new social platform that allows for the monetization of "Visual Content" in a streamlined manner. In addition to this, it also serves as an interaction service that allows users to "receive rewards and incentives" in the form of cryptocurrencies. Bonuses can be availed of for a variety of reasons including specialized publications, distribution of visual content. The Selfllery reward system makes use of native tokens that are ERC20 compliant and are based within the Ethereum blockchain technology.

Some of the key uses of this platform include:

Revenue:
As mentioned before, the key purpose of Selfllery is to help enable platform users monetize their photos, videos and live streams via the use of a "gamified business model".

Charity:
Another key facet of this system is its ability to help make charitable donations easier. All of the money is transferred instantly, and can be tracked by the user (so as to see if it is utilized in the right manner or not).

Promotion:
In this age of social media, Selfllery provides users with the perfect medium to promote brands, companies, organizations via the use of their digital content.

Good Feature Functionality:
According to the official company whitepaper, Selfllery allows for the spreading of audio / video content for news service agencies more efficiently (via the use of advanced "search features").

Compatibility:
Another area of service that really stands out is its ability to integrate with modern technologies in a hassle free manner. Not only that, Self Software is one of the first software platforms that is trying to bring the capabilities of the blockchain into the digital photography market.

How Visual Social Content Blockchain Rewards Are Monetized?

Selfies:
Users are able to obtain incentives in the form of native tokens, as per the number of likes they receive on a photo

Sale:
Another avenue via which money can be made is by selling the rights to our photographs to interested clients for an agreed sum of money. Since all of the deals are made via the platform itself, there can be "no issue of non payments" that can be incurred by users.

Advertising:
Famous users are given monetary rewards by companies for participating in their ad campaigns.

Games:
Another novel avenue via which photos can be made is by participating in "photo-quests".

Who Is Behind Selfllery Project?

Selfllery is the brainchild of Vadim Onishchenko who also serves as the company's CEO. According to this LinkedIn profile, Vladimir is a "professional photographer who has a decade worth of experience in the field of IT". Similarly, Evgenyj Zarechnyj is the CTO project. He is primarily a web developer who has over 15 years worth of experience in the domain of software development.

In fact, Evgenyj has developed his own "MVC framework" under PHP, and has a solid background in areas such as JavaScript, Node.js and C ++. Lastly, Vladi Krakovesky serves as the company's COO and Business development head. He describes himself as a "motivator, entrepreneur and traveler". In the past, Vladi has been associated with various high profile ventures such as:

Smart Techno ™ (as a developer)
ABCname ™ (Founder and CEO)
Lemniscate.Capital Foundation (managing partner)
Worlax Graphics LTD (Co founder).

Selfllery YOU ICO Details

As noted earlier, Selfllery will make use of native tokens to power its ecosystem. This currency will be referred to as YOU, and will be made available to the public via the use of a crowdsale event.

In terms of its pricing, we can see that 1 YOU = 0.001 ETH. Additionally, the minimum purchase goal (soft cap) as per the whitepaper has been set at 10 000 ETH, whereas the hard cap currently stands at 55 000 ETH. Also, the minimum purchase amount to enable investor participation has been set at 0.1 ETH.

Distribution of Tokens

64% of all tokens will be made available to buyers via the aforementioned sale event.
10% of the coins will be set aside for use by team members.
1% will be used for the creation of a bounty.
3% will be doled out to project advisors and early backers.
10% of the currency pool will be used to create a reserve fund.
The remaining 12% will be used to create a "reward fund".

Distribution of Collected Funds

50% of the whole raised revenue will be used for marketing Selfllery to consumer markets all across the globe.
Another 25% will be used for further platform development (so as to smoothen out any glitches or existing bugs).
5% will be used to cover for legal expenses.
10% of all raised funds will be used to cover for operational costs (i.e. pay for admin charges, salaries of employees etc).
The remaining 10% will be used to create a reserve fund (in case there is a large downswing within the crypto market).

For any further details regarding this platform, users can get in touch with company personnel via email (tge@selfllery.com), or by phone (+1 323 218 0050). Similarly, users can also connect with company officials via their social media profiles (Facebook, Twitter, Telegram, Instagram).

Roadmap

Q1, 2016

Idea Product Concept Definition.

Q2, 2016

Alpha Version of WEB App. Alpha Version of Android App.

Q3, 2016

Closed Testing of the WEB App. Closed Testing of the Android App.

Q4, 2016

Beta Version of Android Application. User Testing of the Service.

Q1, 2017

Market Research and Analysis. WHITEPAPER Preparation.

Q2, 2017

Economic Model Validation. Advisor Consulting.

Q3, 2017

Preparing for Pre-sale Launch.

Q4, 2017

Pre-sale Round A. Pre-sale Round B.

Q1, 2018

Pre-sale Round C - Already Raised $1,014,728. The team expansion. iOS based application. YOU Token Generator Event.

Q2, 2018

Launch of large-scale Marketing Company. User engagement. Photo-contest module connection. Charity module connection.

Q3, 2018

First 500 000 users. Advertising cabinet module development. Photo Stock module development. Launch of the advertising platform.

Q4, 2018 - Future

Module development for Marketplace. AdTech technology development. Copywrite approval module development on Blockchain. Approval of the photo originality module on Blockchain.

After 3 years

1B users in SELFLLERY App.