Social Token Mania Is Here…No Alpha Yet But Worth Learning More

What are social tokens?

TL;DR

• Social tokens unlock new monetization opportunities and facilitate community engagement

• Personal and Community tokens are the two types of Social tokens

• Content creators use social tokens to; 1. Build and reward their fan community 2. Compensate themselves for their creative work.

What are social tokens?

Social tokens are cryptocurrencies that allow organizations, creators, and entrepreneurs to unlock new monetization opportunities and facilitate community engagement and involvement. Their holders can access a variety of community-related membership perks such as gated chats, voting on community decisions, unique experiences, and rewards. Such tokens can be used by fan clubs, DAOs, and other communities to organize and democratize experiences or even establish community membership.

Social tokens are unlike NFTs, as they are fungible, meaning that social tokens are like fiat currencies and can be exchanged for VIP experiences or even club merchandise. These tokens are not backed by the same utility and underlying value principles of Ethereum or Bitcoin.

Types of social tokens