Hello my friends, continues to develop at full speed. Every morning when we wake up, we come across a new project. With each project, our world is evolving, but also getting more complex. The new trend "social tokens", which are candidates to become an indispensable element of the
So what are “Social tokens”…? What will it serve…? Does this have a real life equivalent… ?
We started to shape our lives, especially with the Covid-19 Pandemic, which negatively affected the world and changed our lifestyle. Due to the P, content providers and people who earn their income with their individual talents have started to have difficulties in gaining income and reaching their followers. Meanwhile, they met , the products of Blockchain Technology. Thanks to the Internet, they began to interact with their followers in virtual environments. The most important part of this interaction was “Social token
The biggest advantage of “Social token” is; through Decentralized platforms. In other words, it allows you to move freely without being tied to the restrictions of central platforms such as youtube, facebook (meta), twitter, instagram ... Thus, the owner of the “Social token” can directly control the means of production, distribution and commercialization.
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Social tokens include content providers, creators and entrepreneurs as well as communities such as football clubs and DAOs.
The content of the “Social token”, its design and what it can do depends entirely on the project of the person or community behind it.
Social media influencers can build a community of followers. They can create social tokens that they can share with their followers. These types of “Social tokens” are called “Individual social tokens
Another is Social Community tokens. They can create social tokens for fans of football, basketball teams. These types of “Social tokens” are called “Community Social tokens
Thus, followers provide financial support by receiving the tokens of the people and/or communities they follow. In doing so, it creates an alternative and decentralized advertising network by sharing on various social media platforms.
There are two important platforms where you will create a “Social token
The Roll network issues branded digital tokens unique to your online presence and allows you to own, control and coordinate the value you create across platforms. We use the Ethereum blockchain to print every token under the ERC20 standard. Using the Ethereum blockchain allows us to develop social money as a network in a way that is controlled by you and your community, not us.
It is a platform for content creators and their communities to build their own independent digital economy. Rally charges no fees, has a low environmental impact, requires no crypto experience, and integrates seamlessly with your platforms. The coins can be integrated into applications on the web and offer endless possibilities for use in the creator ecosystem.
My finish words;
Social token” enables a two-way, multifunctional creative communication between social media phenomena and their followers with blockchain technology. In this way, serious gains can be obtained for both parties.
Aren't there also the risks of “Social tokens”… ? As with any project, there are risks. Most important; Being under pressure with the need to create a constant content in order to keep their followers active, evaluating the demands from the followers and creating the right content with two-way communication… It is possible to continuously increase the value of “Social Tokens” by managing these risks correctly…
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