All-in-one Social Ecosystem Launching in Q3, 2020

in HODL5 months ago (edited)

How many major social media platforms do you know of?
Blogging, micro-blogging, video, messaging, calling apps, wallets & payments, crypto-Exchange...?
Do some of these names come to your mind:
Facebook, Twitter, Medium, PayPal, Instagram, YouTube, Robinhood, Coinbase, TikTok, LinkedIn, WhatsApp, Telegram, Travelocity, GoDaddy, UpWork or Envato?

What if features & functionalities of all these platforms are integrated into a single app or website?

Apollo Fintech is going to do just that. They are developing a new social ecosystem called Stratus.

Touted as "one platform, one wallet, and a world of services", Stratus is slated to be launched in Q3 of 2020.
All the features and functionality of major social platforms will be rolled out in four phases as below:

Phase 1 : Facebook, Twitter, Medium, PayPal
Phase 2 : Instagram, YouTube, Robinhood, Coinbase
Phase 3 : TikTok, LinkedIn, WhatsApp, Telegram
Phase 4 : Travelocity, GoDaddy, UpWork, Envato

Apollo Fintech CEO Steve McCullah also revealed the features of Stratus that will be rolled out in its Phase 1:

  • Friends nearby
  • Download data
  • Audio calls
  • Video calls
  • P2P transactions
  • Universal wallet and account
  • Day/Night mode
  • Stories
  • Forums
  • Articles
  • Marketplace
  • Events
  • Pages
  • Groups
  • Apps
  • Retina
  • Blue badge
  • #hashtags
  • @mentions
  • Word cloud comments

Here's the official announcement post for it.

If you ask me, I was almost laughing when reading this announcement. To my understanding, a product that tries to be everything is doomed to fail.

We need a sharp focus for attaining success. It's always better to focus on what you're good at. You can't be good at everything!

However, I may be wrong. I don't know much about Apollo Fintech. Heard of their APL coin. And they are launching a gold backed stable coin GSX - a "stable" coin whose prices will increase! But I fail to correlate these activities with Stratus. May be they are venturing into a new domain.

Have you ever heard of Stratus?
What are your thoughts about this platform?

Sort:  

I have not heard about Stratus.
Friends and enemies under one roof, is too optimistic
Plus, may sell same type of services, what benefit will they get if they are under one roof.

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Humm, it is better to position yourself in one niche and dominate it.