Each day 2.6 billion people spend an average of 2 hours a day on social media platform, that's 56 hours spent each month generating data you will never have control of. THAT'S NUTS!!
The hard work you invest into sharing, liking commenting and posting only benefits the big social media platforms, who take your data, sell it and make billions out of it.
Databite is a new social media platform on a mission to give the power back to the people!! YES, YOU GOT THE POWER!!
We want you to have total control of your data and have fun whilst earning from your engagement and activities on our platform.
Our vision is to turn Databite into a marketing tool , in order to achieve this we need as many people as possible to use our platform, consequently we’ll be able to attract businesses who will pay us to advertise their product in front of our audience.
By producing data that belongs to them in the first place, users will have a ‘bite’ of the revenues earned by us from these advertisements. We value your data and it is only fair we pay you for it.
Nowadays everyone is using social media in one way or the other; As a matter of fact there are 3.48 billion users of social media platforms globally this year alone and numbers are raising daily.
Social media platforms have been acknowledged by companies as tools that will help grow their business and allow marketers to have a better understanding of the customer behaviour, target audience groups and engagement whilst delivering better support and transparency with timely and relevant information.
As a consequence the process of data monetisation takes places resulting in better profitability:
1. For businesses who pay social media platforms to projects their advertisements based on algorithms that are sent from consumers’ devices to the platforms themselves;
2. For social media platforms who charge businesses to advertise their products and services to targeted audiences.
Unfortunately users do not have the opportunity to monetise their data through their engagement on social media and that is why we decided to create Databite which will give the power back to people and enable them to earn a percentage whilst sharing data analytics.
Thanks to your support we will be able to use the target funds gathered through your pledges to build the BETA version of the app which will launch in 2020. Subsequently any extra funds raised from the stretch target will be used to build the complete version of the app which will be launched right after successfully testing and implementing the BETA version on the market.
In addition, as the crowdfunding campaign is part of the Side Hustle competition the 4 best performing campaigns will be rewarded £20,000 and we believe we can be in the mix of the winners so we strongly need your support.
Databite is founded by Code 360 a non-profit organization that focuses on doing social good through the use of technology by mentoring and inspiring young people to develop entrepreneurial mindset and skills in a realistic and tangible business environment.
Our aim is to work with young people who are more likely to be exposed or linked to Criminal activities such as gang affiliation and drug dealing, keeping them out of trouble and the streets.