SOMESING
Crypto Overview
Overview
SOMESING is a blockchain-based karaoke application platform launched in 2018. The platform allows users to record, share, and monetize their karaoke performances using the SSG token as the primary medium of exchange.
Purpose and Utility
The SSG token serves multiple functions within the SOMESING ecosystem: Users can earn SSG tokens by creating content (karaoke performances), reward other users for their performances, and purchase various in-app items and features. The platform implements a creator-centric reward system where content creators receive tokens when other users consume their content.
Business Model Evaluation
The business model appears to be based on legitimate content creation and consumption, with clear value exchange between parties. The platform does not involve any inherently prohibited activities like gambling, interest-based lending, or adult content. The core functionality revolves around entertainment through music and user-generated content.
Real-World Adoption
SOMESING has achieved notable adoption, particularly in South Korea where it originated. The platform reports millions of downloads and active users, though exact current figures are not publicly verified. The application is available on both iOS and Android platforms.
Development Activity
The project maintains active development, with regular updates to both the mobile application and blockchain infrastructure. The team continues to implement new features and improvements based on user feedback and technological advancements.
Token Distribution and Governance
The token distribution includes allocations for the team, development, marketing, and community rewards. While detailed vesting schedules are not publicly available, the project has maintained consistent development and platform improvement since launch, suggesting genuine long-term commitment.
Crypto Impact
To assign a comfort level investing in SOMESING from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SOMESING.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.