ALIS, Japan’s first ICO for a non-ad dependent social media platform with blockchain technology, is starting token sale in September 1st.

Official Website:


The token sale is scheduled to start at 2:00AMP(UTC) on September 1st, 2017.

  • Project’s Background and Goals

There are two main reasons that inspired this project. First, we find it difficult for existing media to fulfill its responsibility to deliver trustworthy information to its users when the media is focused on PVs (paid views). This causes fake news and fraudulent information. Secondly, blockchain technology and ICO is not well-known in Japan.

ALIS is aiming to overturn the existing rules of media and the way advertisements are valued by PVs. People can quickly access trustworthy articles with the platform that ALIS is offering.

We also believe that it is possible to change the way people view blockchain technology and ICO in Japan by becoming a test case and clarifying legal interpretation and concerns surrounding ICOs.

  • Mechanism behind the Blockchain Social Media ”ALIS”

ALIS’s mechanism as a social media platform is explained in simple terms below.

1.    The writer posts articles on ALIS.

2.    Other users evaluate the article.

3.    Evaluated writer will earn tokens.

4.    Users that evaluated articles earlier will earn tokens as well.

Creators and evaluators of articles appreciated by others will receive more tokens. ALIS will be a social media platform where people can search and find trustworthy articles and people through rewards.

Details are explained in the whitepaper.( ALIS tokens are similar to point programs, which can be exchanged with other crypto currencies such as Ethereum.

*ALIS tokens CANNOT be exchanged for other crypto currencies during and after the ICO. It will be possible to exchange tokens after ALIS is listed.

As more users join ALIS’s social media platform, the distribution of ALIS tokens will increase, thus increasing the value of ALIS tokens. Releasing and selling tokens that are raised on the market will generate the profit of this business.

After the release, minor topics related to crypto currencies and tokens are assumed to be the core of this service initially, however the topics will expand to other domains like online review sites. ALIS is…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *