17.04.2024

SoMee.Social protects $50M investment commitment from GEM Digital

GEM Digital Limited has actually dedicated $50 million to SoMee through a token registration center. The blockchain-based social media sites system will use the investment to raise the liquidity of indigenous token $SME SoMee users earn token rewards in$SME and Hive blockchain & s$HIVE when they such as or publish on the network.

SoMee.Social, a blockchain agnostic social media sites platform powered by HIVE blockchain innovation, has secured a$50 million investment dedication from Bahamas-based digital property investment company GEM Digital

Limited. Liquidity for indigenous token $SME

An announcement by the platform on Friday said that the financial investment group s support was being supplied via a Token Subscription Facility, which SoMee will carry into sustaining liquidity for its HIVE-backed indigenous token $SME.

SoMee also intends to utilize the financial investment to drive additional growth for its SoMee.Social network, including incentivising individuals. In this, SoMee individuals have accessibility to United States dollar-denominated earnings that show their benefits in $SME and also $HIVE symbols.

Network individuals earn these symbols from posting content or preference messages by other individuals. The rewards put on all individuals throughout SoMee as well as all HIVE-based applications used the social networks network s posting information.

SoMee, which obtained startup gives from Amazon Web Services (AWS) and also IBM, will officially be available in the Apple and also Google app shops by very early September. The system is already obtainable via internet at SoMee.Social.

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