Welcome to the BSC Ecosystem's Mirrors. Today, we'll explore SocialFi's potential and its impact on the broader crypto market, with a special focus on Trend SocialFi. Let's embark on our journey into this realm of SocialFi.
SocialFi is a combination of social networks and decentralized finance (DeFi) features. The SocialFi platforms provide a Web3 (decentralized) solution for creating, managing, and owning social media accounts and content.
What's unique about SocialFi is that content creators, influencers, and members have greater control over their data, freedom of expression, and the ability to monetize social media through engaging them.
Monetization leverages cryptocurrencies, while NFT adoption enhances identity management and digital ownership. SocialFi projects, often DAOs, aim to thwart centralized censorship. With blockchain's growth, SocialFi now supports the necessary social interaction processing.
In a crowded social network landscape, SocialFi projects represent a fresh direction, prioritizing freedom of speech and data ownership protection. Blockchain, a driving force for decentralization in various sectors, especially impacts Social Network Platforms. Under Web 3.0 technology, SocialFi platforms offer:
Immutable Blockchain Data: Content remains unalterable and uncensorable, ensuring users can share information without fear of removal.
Decentralization and Fair Compensation: SocialFi eliminates intermediaries, enhancing transparency and enabling users to earn fair shares from content creation.
Friend3 is a SocialFi dApp that provides customizable pricing options for your groups.The protocol has been audited by @PeckShield and is currently deploying its Beta version on BNBCHAIN, with potential future integration on #opBNB Layer2.
Onchain Data
TVL in USD $12K (57 $BNB)
Protocol gains a total of $57K in revenue
Total transactions is now 64K
Cumulative volume reached over $1m.
Protocol revenue
Similar to FriendTech, Friend3 accrues a 5% fee on each buy/sell transaction.
To date, the protocol has amassed more than $57K in revenue.
Friend.tech is a decentralized social network application built on Layer 2 Base and uses a user database taken from X (Twitter). Therefore, a new user joins Friend.tech will not need to reset all information from scratch.
Friend.tech's innovative approach and celebrity endorsements led to hundreds of thousands of users. It also received tens of thousands of ETH, with daily transaction volumes rivaling NFTs. 🚀
Opportunities when using Friend.tech
Although Friend.tech has received a large number of users using the product, compared to other Social projects, it is still quite low, so we will have some great opportunities as follows:
Invest in keying big KOLs early at a much cheaper price.
Become a KOL with quality content and receive key buyer and seller transaction fees.
Opportunity to receive airdrops in the future when the project launches tokens.
Onchain Data
TVL in USD $47.52M
Protocol gains a total of $144.17M in revenue
Total transactions is now 8.52M
Cumulative volume reached over $312.6M.
Protocol revenue
For each key trading transaction that occurs on Friend.tech, a 10% fee will be applied to the total transaction volume and divided as follows:
5% is paid to KOLs.
5% is paid to the protocol.
Posttech is a Web3 social network on Arbitrum, where profiles become assets and interactions turn into profits.
Onchain Data
TVL in USD $240K
Protocol gains a total of $411.87K in revenue
Total transactions is now 796.62K
Cumulative volume reached over $4.82m
Protocol revenue
Posttech shares a revenue structure similar to Friendtech, yet there are key highlights to be aware of:
5% Fees Earned to Share Owners
5% Fees Earned to Share Holders
Tipcoin is a platform that looks to the future of social interaction (in this case Twitter interaction), through which you can reward friends and favorite content creators without leaving Twitter.
Onchain Data
Total Supply: 10.000.000.000 $TIP
Total Transaction: 50k
Holder in Tipcoin: 14.427
Protocol Revenue
Tipcoin's scoring system and optimizations: TIP calculates points for your Twitter activities tagged with "$TIP @tipcoineth" using three types with different multipliers.
Original Tweet (Personal Account): Earn points using your personal Twitter account with the tag. Others' interactions get a 25x multiplier (views, likes, replies, retweets, quote tweets).
Tipped Reply: Interact with others' tweets for a 1x multiplier. Max 50 replies/day, 25k points/reply.
Tweet Kickback: Interactions on your own tweets count with fewer points (total score /10). Avoid this category.
Here's an overview of SocialFi and the hottest projects. Follow us for the latest updates on SocialFi and BNB Chain.