Fireside Forum is a Web3 social networking app that fosters authenticity, constructive conversations, and healthier online social interactions by integrating tokenomics into the core of social interactions. Fireside aims to foster an environment where Pioneers harness the power of Pi cryptocurrency—through novel tokenomics designed to both reward positive interactions and curb negative actions—to build decentralized communities, express themselves, and engage in meaningful interactions.
Fireside Forum is the first instantiation of Core Team’s vision on the Web3 online social space. It is important because Fireside Forum and other future Web3 social applications will (1) demonstrate and lead what true Web3 social apps should be and how blockchain technology can help create and support a self moderating decentralized network primarily based on cryptoeconomics,
(2) create utility of Pi cryptocurrency in real-life use cases, exceeding the confinement of financial products offered by blockchain—all part of Pi’s mission and a goal of Pi’s Enclosed Mainnet period—and (3) create the next generation of online experience and improve people’s online social interactions using blockchain and cryptocurrencies to solve the flaws of Web2 social apps.
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