Social Media Platform Somee Secures $50M Investment Commitment
08/26/22, 7:54 PM
Location
las vegas
Money raised
$50 million
Industry
cryptocurrency
blockchain
The investment commitment from GEM will allow SoMee to propel significant growth while allowing the company to fuel liquidity into its Hive-backed $SME token that users earn and trade via the SoMee.Social network.
Company Info
Location
las vegas, south carolina, united states
Additional Info
The investment commitment from GEM will allow SoMee to propel significant growth while allowing the company to fuel liquidity into its Hive-backed $SME token that users earn and trade via the SoMee.Social network. Based in the Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. All efforts to that end dictate how the platform builds new features and services for its users. On the tech side, SoMee uses Amazon Web Services (AWS) hyper-scale technology that has the capability to support rapid user adoption, and it's blockchain, Hive, has been battle tested for 5+ years with millions of users and boasts three second block times. SoMee received start up grants from IBM and AWS early on for their blockchain-augmented social media platform that prioritizes user privacy and autonomy. As SoMee is a blockchain agnostic platform that utilizes the HIVE blockchain as the first sidechain, users earn $SME, $HIVE, and $HBD for content rewards and an Ethereum-powered advertising system based on $SAT (SoMee Advertising Token).