Review on EMOGI Network by Amit Singh
A secure digital currency.
EMOGI is a blockchain project focused on social networking and content sharing, and its user base is mainly concentrated in Latin America. The EMOGI team has developed two mainstream applications a short video APP called Bermi, and a blockchain and digital currency information platform called Berminal. At present, both applications have accumulated a good user base and user engagement.
Users of Bermi and Berminal can use EMOGI in the application to get token rewards by publishing high-quality content, participating in voting, and community building. EMOGI uses IOST as its underlying public chain and applies a decentralized data management protocol to provide its users with a more just, democratic and efficient content sharing and data management environment.
EMOGI has the characteristics of wide distribution, which makes the network have unique security features. By deploying a proof of equity block verification and consensus mechanism to record and process transaction data on the chain, so as to inspire good community development. The community has also established a voting pool, and users who participate in voting have the opportunity to obtain 6-20% of annualized income.
Pros
- Token application scenarios are relatively rich.
- It can be used for offline payment, online payment and cross-border payment.
- Transactions have very low fees and are completed nearly fast.
- Also users can get different numbers of tokens as rewards.
Cons
- Lack of exchanges.
- Token detail is missing on coinmarketcap.
