Phavercoin (SOCIAL) is the bottom cryptocurrency of the Web3 social media platform Phaver. Phaver is a decentralized social media ecosystem the place customers earn rewards by interacting socially. Phavercoin supplies a supply of motivation for Web3 customers by making it attainable to earn rewards for actions reminiscent of sharing content material, liking, and commenting.
Phaver’s Debut with Lens Protocol
Phaver debuted with the mainnet launch of the Lens protocol. Customers can show their on-chain identification with NFTs and different on-chain property, integrating crypto wallets to achieve full possession on social networks.
Phaver simply integrates customers into Web3 with easy inputs much like Web2. As well as, due to its sturdy integrations with platforms reminiscent of Lens and Farcaster, it affords the chance to handle social graphics on a decentralized infrastructure. Customers earn “Creds” and factors based mostly on their interactions on Phaver; these factors may be transformed into Phavercoin.
Phaver’s tokenomics function a mechanism that permits customers to earn rewards based mostly on content material high quality and participation. With this construction, Phaver goals to make Web3 social networks extra meritocratic and user-oriented.
Phaver affords rewards to each creators and social media customers based mostly on the standard of the content material they share and the engagement they generate. Phaver’s social construction was developed in step with Web3’s philosophy of decentralization, permitting customers to take care of full management over their digital property.
One of many essential benefits of Phavercoin is that customers retailer their social media presence on-chain and have possession rights. This permits customers to totally personal their digital identities and information, in contrast to conventional Web2 social media platforms.
Phaver additionally integrates with well-liked Web3 social platforms reminiscent of Phaver, Farcaster, and Lens. These integrations enable customers to work together and handle their presence by switching between varied social networks. Phaver’s long-term imaginative and prescient is to create a extra open and user-friendly social media ecosystem by encouraging interactions between decentralized social networks.
Phaver Coin Airdrop
The Phaver platform has been sharing details about airdrop plans and operations for a while now. The platform carried out the airdrop for the primary season, and there have been customers who earned hundreds of {dollars} with this airdrop. The overall info is as follows:
$SOCIAL Season 1 Airdrop covers 3% of the whole tokens and shall be distributed instantly to Lens and Farcaster profile holders, in addition to customers who’re a minimum of degree 2 on Phaver. After the Token Era Occasion (TGE), customers can convert their factors into tokens with month-to-month quotas. The utmost airdrop quantity is $SOCIAL 110,000 per person, and a few upgrades are additionally attainable. Incomes charges fluctuate based mostly on person degree and different standards, and holders of sure NFTs can obtain extra rewards. You possibly can go to Phairdrop to verify and declare your airdrop entitlement.
How Does Phaver Work?
Phaver is built-in with quite a lot of modern applied sciences to offer its customers with a decentralized and user-centric social media expertise. Listed here are the principle elements that designate intimately how Phaver works:
Lens Protocol Integration
One of many standout options of Phaver is its integration with Lens Protocol, a decentralized social graph protocol constructed on the Polygon blockchain. Lens permits customers to personal and management their information, which is right for Phaver, a platform that focuses on person empowerment. Due to Lens, Phaver customers can create profiles, share content material, and work together with different customers, all whereas sustaining full management over their information.
When customers share content material on Phaver, that content material is saved on the blockchain by way of the Lens Protocol. This ensures that the content material can’t be altered or manipulated and that the person is the rightful proprietor of their shares. It is a important departure from conventional social media platforms, the place usually the corporate behind the platform owns person content material.
Farcaster Integration
Phaver additionally supplies integration with Farcaster, a decentralized social networking protocol that goals to offer a extra open and versatile framework for on-line interplay. Farcaster affords extra freedom in how customers work together with the platform and permits customers to regulate their identification and content material throughout totally different dApps.
Due to Farcaster, Phaver customers can simply join with others within the decentralized social house, extending their attain past simply the Phaver platform. It additionally supplies extra flexibility in the best way customers share and work together with content material, which additional enhances the decentralized social expertise.
Mocaverse Integration
One other thrilling integration in Phaver is with Mocaverse, the NFT-powered ecosystem developed by Animoca Manufacturers. Mocaverse permits customers to share their content material by way of NFTs, including a brand new layer of possession and producing earnings. This allows Phaver customers to mint their content material as NFTs and doubtlessly promote or commerce it, opening up new income sources and making the content material creation course of extra helpful.
NFTs on Phaver function a novel social foreign money that permits customers to create and personal uncommon digital objects whereas contributing to a extra interactive and fascinating neighborhood.
Cyber Integration
Phaver can be affiliated with Cyber, a Web3 search engine that focuses on decentralization and privateness. Cyber permits Phaver customers to find content material and work together with different customers by way of decentralized search features. In contrast to conventional engines like google that depend on centralized algorithms, Cyber ensures that search outcomes are clear and free from manipulation. This permits customers to have extra confidence within the content material they discover and interact in additional genuine interactions.
Content material sharing on Phaver is on the coronary heart of the platform’s person expertise. With integrations like Lens Protocol, Farcaster, and Mocaverse, Phaver permits customers to share varied types of content material, reminiscent of textual content, pictures, movies, or NFTs. By storing content material on the blockchain, customers have possession and management over the content material they share.
Moreover, Phaver’s decentralized nature ensures that there isn’t a censorship or content material manipulation by a government. This will increase customers’ freedom to precise themselves and share their opinions, eliminating the worry of a 3rd get together eradicating or modifying their content material.
Content material Discovery
Content material discovery on Phaver affords a novel expertise, in contrast to conventional social media. Due to Cyber integration, customers can seek for content material in a decentralized and clear method. This ensures that the content material they discover is genuine and never influenced by algorithms that prioritize advertisements or paid content material.
Phaver’s discovery options additionally enable customers to find content material throughout totally different dApps and protocols, making it simpler for them to attach with others within the Web3 house. This cross-platform integration enhances the general person expertise and creates a extra interconnected and decentralized social ecosystem.
In-App Tokenomics
Phaver’s in-app tokenomics are designed to reward customers for enhancing the app expertise. Customers can earn factors by creating and curating content material, much like liking or upvoting posts in different apps. This consists of “score” posts to make them extra seen to others. Quickly, customers will be capable to enhance their attain by score their very own posts.
To make sure truthful participation and stop dishonest or creating a number of accounts to earn extra factors, Phaver requires customers to satisfy sure standards earlier than redeeming their factors for Phaver Tokens. It’s also assigned a credibility rating referred to as Phaver Cred based mostly on customers’ on-chain property, reminiscent of NFTs. As a result of these property are distinctive and tough to counterfeit, the system is harder to control.
Phaver Cred additionally determines a person’s degree on the app, much like how frequent flyer packages work. Larger ranges unlock particular privileges, reminiscent of entry to free bets and better month-to-month limits for changing factors into tokens. This method goals to discourage dangerous habits, reminiscent of level farming, and to reward customers who’re genuinely energetic and contribute positively to the platform.
For manufacturers and tasks, Phaver is predicted to introduce promoting options in 2024. Manufacturers will be capable to buy factors to extend their visibility on the app. These factors may be bought utilizing Phaver’s native tokens, and a portion of the proceeds from fiat funds shall be used to help token demand.
Along with incomes factors, customers may buy and maintain Phaver Tokens, also called “SOCIAL”. Holding SOCIAL supplies advantages reminiscent of increased credibility scores, a rise in point-to-token conversion limits, and entry to unique privileges reminiscent of VIP help and early entry to new options.
Phaver customers may buy factors with SOCIAL tokens, which tends to be cheaper than conventional in-app purchases. This helps create demand for tokens throughout the ecosystem and incentivizes customers to carry and spend SOCIAL.
Phaver has additionally launched its personal NFTs referred to as “Phaver-Up NFTs” to energy its on-chain financial system. These NFTs present extra advantages reminiscent of increased rating rewards, unique options, and entry to a closed neighborhood the place they will obtain direct help and early insights from the Phaver workforce. The NFTs have been distributed by way of weekly auctions, and greater than 17,000 customers have been entitled to mint.
Phavercoin’s Use Instances
- Content material Sharing: Customers who produce high quality content material and interact on Phaver are rewarded with Phavercoin.
- Neighborhood Participation: Customers can create closed communities based mostly on particular guidelines and entities and earn by interacting inside these communities.
- On-Chain Messaging: With XMTP integration, customers can carry out direct cross-wallet messaging.
- NFT Demonstration: Customers can showcase their NFT collections on Phaver and use them to validate their property.
Phavercoin’s Tokenomics
The tokenomics of Phavercoin are designed to permit customers to earn rewards based mostly on the worth they add to the platform. Phaver supplies customers with a freer social media expertise in a decentralized construction, whereas additionally offering incomes alternatives for content material creators and energetic customers.
Phavercoin’s distribution mannequin is community-driven, rewarding customers’ contributions to the platform. Particularly, Phavercoin goals to offer a good distribution mannequin within the Web3 ecosystem by permitting creators to have extra energy over social media platforms.
You possibly can study extra about Phavercoin’s tokenomics mannequin and use circumstances within the Phaver Whitepaper.
In conclusion, Phavercoin (SOCIAL) is an modern mission that goals to revolutionize the world of Web3 social media. It affords a decentralized construction for each content material creators and social media customers, offering the potential for full possession over digital property and social interactions.
Who’s the Founding father of Phaver?
The Phaver platform has a number of founders. Phaver was co-founded by a proficient workforce of pros with years of expertise of their respective fields. Let’s take a more in-depth have a look at the important thing names behind this platform:
- Joonatan Lintala is the CEO and co-founder of Phaver. He beforehand labored at Google and constructed and led international gross sales groups because the seventh worker at Well.io. Joonatan performed a important position within the firm’s growth into the U.S. market. He additionally serves as a board advisor at TikTok advertising and marketing associate Shook Digital and shoe model Pomar.
- Tomi Fyrqvist is the CFO of Ecosystem and co-founder of Phaver. He has gained monetary experience at firms reminiscent of Goldman Sachs, Alibaba, and AXA Ventures Companions. Tomi additionally led international enterprise growth at Daraz, Alibaba’s e-commerce firm in South Asia.
- Carlo Hyvönen is the CTO and co-founder and has over 10 years of expertise as a full-stack developer. Previous to founding Phaver, he led machine studying efforts at real-money gaming firm Veikkaus and developed a suggestion system for greater than two million prospects.
- Tom Hämäläinen is the Head of Analytics and co-founder of Phaver. He beforehand co-founded Coinmotion, Finland’s largest crypto cost service supplier. Tom has intensive expertise in full-stack growth and is proficient within the Solidity programming language, which is used to develop sensible contracts on the Ethereum blockchain.
Which VCs Assist Phaver?
Phaver has attracted quite a lot of consideration from buyers and has obtained help from main enterprise capital corporations reminiscent of Polygon Ventures, SwissBorg, Nomad Capital, Symbolic Capital, Dao5, Foresight Ventures, Issue, AlphaNonce, and lots of extra.
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