Whaleshares.io Vs Weku

Hey you, welcome back to the channel. And guys, today I want to talk about the social network Weku versus WellShares, or WellShares versus Weku. And so in my search for various platforms, social networks across the blockchain that I think will perform very well and present, um, many options for us in that particular space. Uh, I've now come across Weku, and what's been very interesting about sites like Weku, WhaleShares, they're all almost identical to the Steemit, uh, Steemit on the Steem blockchain. Um, But there are some slight differences, and Weku is no exception. Although its layout is almost identical to Steemit and, uh, WhaleShares, there are certain distinct features they have different. So we're going to compare, uh, WhaleShares and Weku today, uh, and see which one, uh, has, uh, we'll look at their differences and see if these are going to be platforms that we use in the future and that solve many of the problems that we're addressing. So the thing about Weku is Weku seems to— it seems fairly new. I haven't heard about it. I don't think it's been around more than a few months. And there have been some Bitstemians that have tried— excuse me, I dropped my mic again. I should wait to the end of the video to do that. But there have been some, uh, Steamians over on Weku as well. This seems to be a common pattern where we have Steamians try out these Steam-like sites, and some of them stick around and find them user-friendly and interesting. And Weku is no exception. There are some Steamians who are here already using it and like it to a certain degree. Now, as many of these are identical, you know, they're going to be things that are exactly the same. But Weku doesn't seem to have— of course it has the Weku power, the Weku dollar. I mean, you can power up just like you can do on WhaleShares and Steemit. It doesn't seem to have delegation either, much like WhaleShares. So comparing that to WhaleShares, they seem very similar. Also, another thing about Wiku is at this point in time, Wiku doesn't seem to trade on any exchange. However, Wiku does plan an early ICO in November, and unofficially, although warned against, there are people that are selling these tokens on BitShares unofficially, it would seem, under some type of token like WECOOS. And I'm not exactly— I'm gonna have to investigate that. I'm not exactly sure how they're doing that, but they seem to have some type of liquid market going where you can still liquidate WECOOS. And of course, it's being warned against that, you know, obviously you might liquidate your WEKU, and when they start to trade on exchange after the ICO, it could be a great deal more, uh, or a great deal less. So who knows? But either way, it would seem you're taking a chance, and this is a very unofficial way to trade this token at this time. Um, so what are the differences with WEKU? Because at first when I looked here at WEKU, I was like, well, they don't have a liquid market, um, didn't seem to have a whole lot of interaction. I guess maybe because I didn't, uh, know anybody here. I don't know, or they just didn't see my post or something. But I did get a few upvotes, but, um, nothing significant, not like WhaleShares. WhaleShares, um, I seem to get a lot more upvotes participation, um, early on, and that didn't seem to happen at Weku, although it does seem to be very active. And so, um, in comparison to WealthShares, uh, I, I, you know, that wasn't very appealing to me. Now, what was very appealing to me about Weku, which, um, WealthShares doesn't seem to have, is that they do have a referral program, and you are supposedly rewarded, uh, with these with this program. Now, I don't know exactly how they do that. I don't— I do see the affiliate link, but I don't seem to see any way that it shows this information and data back to the user. So, you know, so I don't know how you're supposed to know if you've referred somebody or not, uh, and, you know, what your reward is. But apparently you're supposed to get one. What is, um, What I do see advantage— advantageous about Weku using this approach is that they're— it's able— it's like free marketing. Seems to be a lot of people using this, and imagine you got thousands, millions, however many people are using Weku, these links all across the internet, and people signed up and trying it out, and they're being incentivized by getting rewards from Weku. So from marketing perspective, I think that makes a lot of sense, especially for a social network, social media platform that is gonna need people in order for it to survive, right? For it to be significant and really fulfill its purpose, probably gonna need a fair amount of users. Another thing that seems to to have made the comparison between Weku and WhaleShares for me a little bit more difficult, whereas initially I thought it was a home run for WhaleShares. I was kind of going, well, well, WhaleShares has a lot of Steemians coming over, a lot of— probably a lot of whales from Steemit, so they got already capital coming in. They're already trading on— over on BitShares and a few other exchanges, I think like the EZDEX and uh, Rudex, I believe it's called. So they, they have a few where people are already trading and doing various things like that. Uh, and so I was like, well, if Weku doesn't have that, uh, that's not going to be appealing to people. Um, and I said, well, that may not work, but it doesn't seem to have stopped people from participating and doing their posts. I think they understand that, uh, Weku has a plan for the future and a vision and where they're going to get a lot of people and they're going to be able to trade there and have volume. Um, and that brings me to another point with Weku, which makes it kind of in this comparison, which made a little bit more difficult for me to, to, to see who was the most advantageous. Because Weku, another thing I noticed about Weku, I was approved as soon as I registered, and this seems to be common on Weku with just about everybody else. So it doesn't seem to be any kind of verification issues or anything like that. Now, not exactly sure how Weku handles this. You know, I don't, I'm not sure. I don't remember exactly how, what are their security things against all these multiple account creations and various things like that. However, it did seem to be very easy to get registered, get verified. So that means a few things will probably happen. It either means that they will have millions upon millions of people trying this, using it, and have a good volume of trade and a good economy, or it means the direct opposite. Everybody's in, you got multiple accounts, and you're crashing the market. You know, it's not a healthy market, right? And so I'm, you know, I'm not sure how that's being handled. Weku seems to came in, handled it without a problem. People just coming in all the time. There's a lot of activity here on the site, but I'm not exactly sure what the technicalities on that are going to be in the end. Well, I guess we'll have to just see how the data holds up. Will they get enough people using it? Will it become a velocity of distribution, uh, to the point where it will not even matter? I have no idea. I think we'll have to see, uh, what that's— what's going to become of that. But seeing that Weku is kind of opening up the floodgates here, I suppose they're going to raise capital to keep their operation running efficiently in early November here. Their team seems to now be communicating. I think they're going to be doing, if they haven't already done it, a radio, uh, question and answer type thing segment, uh, here coming up soon, or— and, uh, gonna give people a chance to, to interact with them quite a bit. Um, and so with those things, um, you know, WeCool, it's, it's a bit more challenging competition here because, uh, with WhaleShares, again, it just seems to be— WhaleShares seems to be a companion to Steemit. And so I'm under the assumption that WhaleShares will have a very contained, limited growth spurt. Um, you know, my impression of WhaleShares is that WhaleShares doesn't really wish to be this large entity or group, uh, and kind of just kind of be alongside Steem, reminiscent to me of what we're going to get with Smart Media Tokens. And so whereas I don't think those are bad things, um, I think that in comparison to Weku, uh, Um, which is, um, gonna trade as ERC-20 token on the Ethereum blockchain. Uh, they seem to just be kind of doing, you know, doing things however they want to do it. They don't seem to be worried about too many people coming in, crowding, overcrowding their network. They don't seem to be worried about many things. And, um, I don't think they're going to have an issue with marketing because, uh, how they're— they have this incentivized uh, marketing referral affiliate program that's rewarding everybody on the network to post links, and which is how I found out about Weku by people posting links on here. So something to look into. I have been uploading content, posting here on Weku, made a little bit of money, nothing significant. Uh, also they do give you, when you sign up, 100 Weku tokens, and I thought that was very interesting because Depending on how well Weku performs in their ICO and how the markets perform and how people interact with Weku, which I'm sure they will be doing so quite a bit once it gets going, once they've completed their ICO and so many people are using the network, that could turn out to be a significant amount of money that they're giving out, the 100 Weku tokens, or it could turn out to be a very insignificant amount. Based on how this goes. And at this point, we don't really know, but, uh, this is the closest thing that gets to Steemit as far as options and competition that I think really actually work, uh, because I've tried some other ones. And although I've used them, we still got Tribe. Maybe we'll do one on Tribe. I think Tribe is now in its token sale, and, uh, Tribe will kind of run on the EOS network. And there are some good things about Tribe. They have a similar thing like Weku where you, you get awarded so many tokens. I think I've got like 400 tokens just by referring people over to Tribe. And again, uh, as they're, they're doing their token sale as well, not exactly sure what the value of that is, but, um, I like the marketing aspect of it. I think that's the easiest way to market, drop, letting everybody drop these referral links. Sola tried that, got a lot of people in, but as far as volume trading, it didn't seem to catch on. Whereas I think Tribe and Weku might fare better in those situations is they have a very Steemit-like situation where Sola didn't have this. Sola had this weird, these weird kind of cards that you posted on and It was kind of reminiscent of Instagram or something, but very, uh, just kind of— it wasn't very catchy. It didn't catch on. It didn't have the steamy feel. So I think these, uh, these platforms that are using this very steamy-like approach in a format that has worked well already and people have become accustomed to and they like that, and the only thing that's really hurt them is, um, being able to register accounts and being able to more better distribution over the community. If these platforms have these Steemit-like capabilities but they can find a way to address those issues and fix them, then they could emerge a very good token. Uh, and it may just come to be a situation where, uh, there are going to be several of these platforms competing together And, uh, they're all gonna offer a variety of things to, uh, for in different ways. But anyway, guys, um, that's what I want to say about the pros and cons, uh, of WhaleShares versus, uh, Weku. WhaleShares to me is still very established because it has a lot of the heavy hitters from the Steemit community. A lot of Steemit whales are probably there, and their capital injection is going to be advantageous to the, uh, WhaleShares community sustaining, I think. But also they have that lineage and that heritage directly from STEEM, as they've been doing this longer and they've been— had this connection longer, right? And that's definitely going to work in their favor. The disadvantage of WhaleShares is going to be the rate of growth, um, comparable to probably what we're going to get with Weku and Tribe. I'm not exactly sure. I don't know if I believe that WhaleShares will able to keep up with that level of growth. Um, I think that, uh, um, people using Steam will continue to use Steam. Uh, they may try to use both, but then, um, so it's gonna be, it's gonna be interesting to watch. Uh, and then if WealthShares can get the registered accounts, uh, are they going to be able to handle them? I don't even know if how Weku is going to be able to handle them at this point. Uh, but apparently they're doing it, uh, some kind of way. So we're going to And I think it's gonna be just a matter of time before everybody knows about Weku because their links are gonna be popping up everywhere, all over the place. So guys, that's all I want to say about it. Let me know what you think about these various social platforms and how you think they'll work out in the end. And guys, if you like content like this, don't forget to like, subscribe, and until next time, take care.