Somee social

About Somee social

SoMee.social, legally known as OneName Global, Inc., operates a decentralized social media platform with a core focus on user privacy, content monetization, and community governance. Founded in December 2013 by Christopher Kramer, the company positions itself as an alternative to traditional social media by empowering users with control over their data and providing mechanisms to earn rewards from their online activity. Kramer, a seasoned entrepreneur with a background in cloud computing and blockchain technologies, previously founded Eclipse Solutions and served as a Blockchain Strategist for CeekVR before leading SoMee.

The platform's business model is centered on a token-based economy. Users can earn cryptocurrency by posting content, as well as for liking and curating content from others. Revenue is generated through a consent-based advertising system where users can opt-in to share their data. This model is designed to provide advertisers with valuable data points without compromising user privacy, a key differentiator from incumbent social media networks. Additionally, SoMee has introduced monetization features that allow creators to offer subscriber-only content, set per-minute or hourly charges for premium content, and utilize pay-to-unlock options on individual posts.

SoMee operates on a blockchain-agnostic framework, initially utilizing the Hive blockchain to facilitate user rewards in the form of various tokens. The platform's ecosystem is governed by tokens such as $SOMEE and the SoMee Advertising Token ($SAT), which operate on the Ethereum blockchain. Over its history, SoMee has navigated the complexities of blockchain integration, at times disconnecting from the Hive blockchain due to cost constraints, while continuing to develop its platform features. The company has secured funding through various channels, including an equity crowdfunding campaign on Republic that closed in April 2022 and a significant $50 million investment commitment from GEM in August 2022 to fuel its token-based economy. Platform features include standard social networking capabilities like chat and posting, alongside more advanced options such as live streaming with screen sharing, video calls, and user-centric content moderation.