When people think of crypto and blockchain technology, Bitcoin and Ethereum are usually at the top of their mind. But now, social tokens powered by blockchain are emerging as a new wave of digital assets.
These tokens blend blockchain tech with the power of social media. It’s important to grasp what social crypto tokens are and how they function to fully understand their impact. In this guide, we’ll highlight some of the best social crypto tokens making waves today and explain what sets them apart.
A Small Deep-Dive into Social Crypto Tokens
Social crypto tokens are blockchain-based assets. They are tied to creators, communities, or brands. The best social crypto tokens can be used for engagement, voting rights, or accessing exclusive content.
For instance, holding a creator’s token could give you access to private communities. You can also get first access to exclusive content from the creator. Think of how YouTube has a membership feature, where those who join get access to special videos not seen by everyone else.
Another example is with play-to-earn games on Flipper, where players earn social tokens that can be traded or used to purchase in-game assets.
The Best Social Crypto Tokens to Watch
SocialFi is still in its early stages, but some platforms are already building strong communities with promising social tokens in place.
-
Chiliz (CHZ)
Chiliz is a coin used on socios.com, a popular blockchain social media platform for sports fans. Fans can use the Chiliz coin to purchase fan tokens, which can be used to gain exclusive content, vote for their favorite team, or participate in club governance.
Fans of football clubs like Barcelona, PSG, and Man City can use their fan tokens to vote on kit designs, select celebration songs, or even win prizes for predicting scores or the starting 11.
Beyond this, fans holding the tokens also get early access to merchandize, discounts, and access to behind-the-scenes stuff, like training footage, interviews, and other experiences.
-
Friends With Benefits (FWB)
Friends with Benefits is a community of creators gated by the FWB token. It is a decentralized autonomous organization that brings together creators to explore Web3 technology. Purchasing $FWB tokens gives you access to exclusive content from creators in an array of fields.
Members can also co-own projects created within the Friends with Benefits network. There is also an existing social platform operated by users who own the $FWB token. The goal is to create an ad-free and decentralized alternative to conventional social media.
- Whale (WHALE)
The WHALE token was launched in 2020. It is backed by collection of valuable NFTs with the purpose of providing access to digital assets, games, and airdrops. Owners also have a chance to network with creators and artists in the digital art market.
At its core, WHALE is a social token created to make the art market more accessible to everybody. Members can co-own one without needing to purchase expensive individual NFTs directly. Holders can have access to the market, play-to-earn games, and receive WHALE airdrops.
Summing Up
The best social crypto tokens are worth investing in, as the future of SocialFi is very bright. However, always research first before joining a SocialFi project and buying their tokens.
Be First to Comment