Original link:https://andrewsteinwold.substack.com/

author:Andrew Steinwold

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Translator: ethan

Translation Agency: DAOSquare

Proofreading: Shirley, Gangnam West Road

Translation Agency: DAOSquareDigitalSocial tokens are a new type of tokens that are getting more and more attention now: some individuals and communities have started to issue their own social tokens, I want to understand this growing ecosystem as soon as possible and Explore some basics.https://danky.art/Get to know him, welcome to subscribe to his news, and pay attention to his artistic exploration using Ethereum technology.

What are social tokens?

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What are social tokens?

Social tokens are cryptocurrencies created by individuals or communities. They broadly fall into two categories: personal tokens or community tokens.

Community tokens are typically used for membership and communities. For example, you need to have community tokens issued by community creators to enter private telegram groups, obtain special services, news information, and so on. Encourage everyone to contribute to the community by issuing tokens. For example, the community initiates a competition, and token owners decide the winner by voting.hereFor more information on individual tokens and community tokens, please click here

Follow on twitter.

As you know, social tokens have limitless uses and this is just the beginning of this revolution. As the ecosystem continues to improve, more and more social tokens will be generated.

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Note: I am a holder of all social tokens below.

Alex Masmej - $ALEXsecondary title

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Carlos Gomes - $SWAGGsecondary title

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• $SWAGG is a multi-purpose community encrypted token. Carlos Gomes, its creator, said: "The purpose of SWAGG is to use encrypted tokens to closely link community culture and creativity." In other words, $SWAGG has countless uses . Holding $ SWAGG can enter the ecosystem around SWAGG, and its benefits include:

• Allows access to the content of the SWAGG network

• Allows moderation of content posted to SWAGG

• Receive rewards for independent projects in the community

• Earn rewards for sharing content

Suggest and vote on actions for the SWAGG communityblog。

Brian Flynn - $JAMMsecondary title

- Circulation - 10,000,000Jamm Session$JAMM is now used to access the

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Coin Artist - $COINsecondary title

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Holders of $COIN now have access to a community called "E-Den" that has direct and exclusive input on $COIN. You can do some interesting things like designing encryption puzzles in the community. There is also an interesting function, $COIN holders can bet $COIN in the community to get $CRED, and $CRED coins will be able to get rare items in the game Neon District, which will be released in the near future. I'm very happy to see social tokens being used in games and very much hope that more of the same will be used. To learn more about $COIN, pleaseClick here。

WhaleSharksecondary title

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• Make governance decisions by mortgage $WHALE to DAO

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In particular, $WHALE created a DAO, which makes $WHALE a fully participant-led governance. The $WHALE community is growing and growing, we will wait and see.

Social Token Ecosystem

ForefrontI think social tokens will become an important part of the blockchain space, not only because of the increase in the value of token assets, but also the rapid growth of the ecosystem is exciting.

- "CoinGecko+" in social tokens

RallyForefront is the go-to site for social tokens, where you can browse all social token news, resources, introductions and (my favorite) a section dedicated to the social token market.

- The main tool for creating social tokens

Seed ClubRally is a platform where Twitch streamers can create their own social tokens, called "creator tokens." These tokens serve various purposes, but primarily reward creators and members within Twitch streamers. What I love about Rally is that they focus on mainstream audiences by encouraging non-crypto-native Twitch streamers to release their own social tokens.

Seed Club is an accelerator for social token creators. As an exchange service, participants need to provide a small amount of tokens to Seed Club. Finally, the value of Seed Club's own tokens represents not only the value of the community, but also the value of a basket of social tokens supported by it.

Cooper Turley - social tokensecondary title

social token

administrator