I started working on Purple Creator as I wanted an easy way for me to find and buy trustable tokens from different platforms. I was surprised I couldn’t find an easy way to do so I decided to invite a team and start building it.

And, today, we are excited to announce that Purple Creator our BETA is Live. It is the easiest place to buy and sell community tokens. We are the Coinbase for Community Tokens! the first exchange dedicated to trade Creator Coins (CC) and DAO Coins.

Only opened for the first 100 verified users. Open your account today at PurpleCreator

We hope you will find Purple Creator helpful and a fun way to find and watch creators and community’s token you like.

Purple Creator is a custodial exchange with the most efficient platform known natively built for this market, aims to increase traders' gain/liquidity and fans can find all tokens in one place.

Firstly, watch a DEMO on how to trade on Purple Creator:

On March 31th, 2022, we also had a Live (~50min) to answer questions from users. You can find it here (will stay online for a few days only).

Why Purple Creator?

1. A beautiful and simple UI/UX to find and trade all your social tokens in one place! There are many platforms and types of Social Tokens. Too confusing for the mainstream user, so we built a seamless experience like what Coinbase and OpenSea did for Crypto and NFTs respectively.

2. Chain agnostic and multi-platform. We are currently starting with DeSo, but BTC, ETH and Social Tokens from other chains will be added very soon. Social Tokens do not all share same chain and are located in several exchanges. We will always have some of our favorite token on a different chain and mainstream will always prefer trade in one place.

3. Creator Coins (CC DeSo) fans can increase gains by skipping the FR. CC DeSo is driven by a bonding curve and, although it gives users an easy access to liquidity, most creators charge a FR once a token is bought (usually around 10%). Instead, If sold in the secondary market, it provides a spread for sellers and buyers. Also good for the creators as price will be more stable and with less rug pulling/scammers.

4. Be ready to efficiently trade DAO coins on a custodial exchange. New coins (DeSo) will be launched in May and, currently, there is no efficient way to trade that! These coins are a non token bonding curve type and liquidity-pool-based exchanges are inefficient as capital has to be held to support trading. We provide an order-book exchange that can scale to millions of trade pairs and with high speed of trades - such efficiency would not be possible, by far, on any other non-custodial exchange known.

5. Purple Creator is bringing more trust and stability for the network. We aim to go to the mainstream, so all users are required to go through KYC/AML program, have trade limits, transactions are constantly monitored and many more actions are planned to increase safety and encourage hold tokens for longer. Main creators will opt to partner with that.

6. More features are on the roadmap, e.g Coin Locking and Staking - Help us to understand your priorities and suggest features. If you wish to list your token, apply for listing here. You also have inside the app a direct channel (1:1) with the team as customer support or to send any idea you wish us to develop.

Sign up here Purple Creator and verify your user to start trading today! If you want to continue this conversation in our community, join our discord channel! See our full vision here.

We have described the main challenges below so this ecosystem can thrive followed by our vision.

Education: Each Social Token has a peculiar characteristic related to governance rules, vesting, segment, benefits, type of engagement, (Non) Bonding curve Tokens among others. It is still too confusing for the mainstream user navigate in this market. There is no seamless and trustable place so customers can have their first experience on Social Tokens like what Coinbase and OpenSea did for Crypto and NFTs respectively.

Trust Building: Today it is much easier to create a social token, so scammers and many creators are issuing tokens without putting effort to deliver what was promised. Without a social layer and other systems in place, it is difficult for participants to compare, among many things, the credibility, engagement and assess the quality of benefits delivered. The focus on trust building is essential to create a sustainable ecosystem.

Connectivity to multi-platforms: Social Tokens do not all share same chain and are located in several exchanges. Once a token is issued, it is almost impossible to move to a different platform and, over the years, a few more efficient chains may also be built. We will always have some of our favorite token on a different chain. This is not just about being chain agnostic to acquire a token, but mainstream customers will always prefer trade where they can find all tokens in one place.

Customer experience: The reality is that most of the Web3 projects are still not user friendly. Many will never be. Non-custodial projects usually requires some technical know-how to use and, in general, do not provide any customer support. It is impossible to recover funds after losing private keys while that there is always an easy option for recovery in custodial platforms. The world where there is no identifiable operator to get support from and to complain to if things go wrong does not work on the mainstream. In the mainstream, we have to go above and beyond. Convenience always wins.

Mainstream Creators: Famous creators, in the end of day, they are running a business. And very few successful business would suddenly refuse to participate in the centralised world they are connected to, put their business at risk or switch to a completely new way of working. If they are going to use a new platform, disruption should be minimum and that should provides the highest operational standards (including KYC, AML, security among many others). In the DeFi vs CeFi conundrum, the convergence of both worlds (DeFi plus CeFi) will be the best approach to attract the mainstream creators. We need an alternative in this direction.

Liquidity: Liquidity is always an issue for non-bonding-curve tokens (NBCT). Bonding-Curve tokens can remove the need for liquidity and can be great way to start up a social token, but they have a low level of flexibility and that is why many creators opted for NBCT. Liquidity-pool-based exchanges that allow trading of NBCT are inefficient for large amounts of trading pairs as capital has to be held to support trading. We need a solution that can scale to millions of trading pairs and addresses liquidity for different types of tokens in one place.

Purple Creator's Vision

To address all of these problems, we are building Purple Creator. We are the “Coinbase” for Social Tokens : a crypto exchange that aggregates existing platforms in one place. Like Coinbase was the first step for many users into the crypto ecosystem, bringing trust and a better experience for mainstream users, we are going to do the same for the Social Token market. We believe UX, trust and liquidity are essential to foster the development of the whole ecosystem of Social Tokens and DAOs.

We are building a first-in-class UX with native technology able to scale to millions of trading pairs that makes it easier for supporters to discover and trade social tokens. It is a custodial exchange that will bring all tokens together and will unlock many other potential synergies between different platforms.

Team members posse more than 10 years of experience each in building products from zero to hundreds of thousand of active users, former Amazon/AWS leader or building exchanges with one of the highest throughputs worldwide. It was also invested by DeSo (a chain backed by Sequoia, a16z) and invested by 20 angels from unicorn founders, influencers, VC partners, founders of successful projects in DeFi, former legal director from Coinbase among others.

In brief, Social Token projects are becoming more mature and are bringing an exciting opportunity to unlock the potential of communities and help creators to live their passions by providing a new way of entertainment and social interaction. Purple Creator was born to enable this ecosystem by supporting all stakeholders - Creators, Issuance Platforms, Blockchains and Token holders - with an essencial layer of UX and liquidity.

Purple Creator will start trading in March of 2022. If you want to be the first to know about it and sign up on Purple Creator for early access. Also, join our discord channel to continue this conversation!