They are planning on having a social network platform? Really?There is somewhat a great difficulty in establishing the competitors' information but if they intend to enter that market, they should study about it, especially since social networking industry giants are just too big.
Just looking at the social networking platforms right now, it is a difficult competition, with weibo and fb at the top, then all those other platforms like twitter and tumblr, I wonder what their platform would be like?
Their main market would be crypto currency users, since the whole SCE is about creating a crypto community. They won't really be competing directly with those as their market won't probably count since this platform is on crypto.