Decentralized Professional Social Network Receives Backing From Coinsilium

Indorse, a blockchain-powered decentralized network for professionals, has released the specifics of its grant of an additional seven percent share to Coinsilium Group Limited for S$350,000. This announcement follows the project’s successful pre-sale raise of $5.5 million USD. The main Indorse token sale will run until September 7th 2017.

David Moskowitz, Indorse Co-Founder and CEO, said: “With the explosion of social networks over the last several years, social media has unquestionably become an integral part of our lives. Yet privacy violations and data ownership controversies have seen many users fall out of love with their favourite platforms. The average social media user may not comprehend the true value of their online presence and data. Despite what platform providers may have us believe, social media is not ‘free’ for use. As the saying goes, if you’re not paying for it, you’re the product,”