Attention drives liquidity, but we must also remember that culture drives attention. Not companies, not influencers. Organic, authentic culture emerges through individuals coalescing around shared meaning. It is not predictable, nor can it be manufactured. It's not the first time that a disruptive tech was created that displaced the previous technology and capture the industry spotlight. It has happened.
Introduction
Social finance: (SoFi or social money): Enables a community to achieve wealth within itself and grow that wealth as the community evolves. Providing a path to financial and creative independence for both content creators and fans. I open-sourced my social token contract here.
Similar to Craigslist, anyone can list anything on a decentralized exchange (at any price) and the market will determine its value over time via liquidity and trading volume. Market making and liquidity enables social tokens to be bought, sold or traded by anyone on the internet. Your social token can be bought, sold or traded by anyone on the internet. Built on the principles of free market competition and decentralization, it rewards contributors directly without intermediaries or centralized control.
A type of cryptocurrency used to monetize a brand. They can be personal or community tokens. The value of a social token revolves around the brand issuing it, and are used by holders as a way to feel belonging to a certain group
Memberships
An on-chain membership primitive for DAOs and social tokens using the ERC20 standard.
Its focus is establishing core members of each community by distributing social tokens to users who can then access on-chain utility or ‘perks’ across a multitude of platforms.
The DAO or creator who starts the social token has an opportunity to capitalize on their membership by setting a price in ETH for each tier or level of access.
Music NFTs
Sell your music NFTs in your social token
IRL events for those who hold your token
Examples
Token Gated Discord
Nick sets up a discord exclusively for $COOP holders. He builds and deploys a token-gated access app powered by Minxy Labs to only let $COOP holders into the discord. His audience connects their Coinbase wallet to the app in order to gain entry into the discord. Social token campaigns not only build liquidity but they help the teams involved execute their vision of building a healthy and robust ecosystem for their community.
Stop buying this shit
Scammers are everywhere, the best is for the community members to be very vigilant and educate yourself on.
Lmao
I mean c'mon, he got his wealth through the porn industry getting in early on the live cam model market. He even said crypto was for nerds, and here he is committing daylight robbery on his holders with sidekick Tristan.
🌍
Conclusion
The best tokens start as instruments of VALUES before they become instruments of VALUE. We now have the power to build communities from the ground up that that can grow and be valued from the hundreds of thousands of dollars to hundreds of millions of dollars.
The communities we engage with (DAOs, social tokens) will each begin to create their own capital. Off-chain capital, creates on-chain riches.
