Social Tokens

RBN Airdrop Holders Hit Jackpot as Ribbon’s Token Becomes Transferable

First DYDX, now RBN. After governance rejected a proposal to make RBN transferable in June, a second go-round passed, garnering over 99% support from voters.  The unlock happened at 12pm UTC on Oct. 7 and was a windfall for investors who received tokens in an airdrop because they could finally sell them. Ribbon Finance airdropped …

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There Will be Billion Dollar Communities on the Internet Jess Sloss

“There Will be Billion-Dollar Communities on the Internet:” Jess Sloss

In this week’s episode we speak with Jess Sloss, the instigator of Seed Club, a DAO that builds and invests in community tokens. We talk about the emergence of the social token economy, and how that’s different from the creator economy or the gig economy; the difference is that social tokens and DAOs allow individuals to create …

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Consensus’ $DESK Token Takes on Life Beyond Conference

A testnet token created a full on mania at CoinDesk’s Consensus 2021 virtual conference last week, in one of the latest signs even valueless coins can spur engagement and help unite communities.  CoinDesk’s $DESK token had been claimed by more than 1,371 addresses by the end of the conference on May 27. Each wallet claimed …

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garyvee

Gary Vaynerchuk’s VeeFriends Combine NFTs with Social Tokens

Want to play tennis with serial entrepreneur and tech investor Gary Vaynerchuk?  You’ll have to snag a VeeFriends non-fungible token. Gary Vaynerchuck, also known as Gary Vee, is working on a new project combining collectible NFTs with social token utility. The result is a novel project with big potential benefits for Vaynerchuk fans, including annual …

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BitClout’s Insiders-Only Pre-Launch Overshadows Social Media Revamp

BitClout, a blockchain-based social networking platform branding itself on the ability to speculate on celebrities’ social media presence with real money, officially launches today.  But while BitClout’s novel premise has drummed up support amongst big-name investment firms, its password-locked pre-launch allowing insiders to access the platform and buy its token prior to the public release, …

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Social Tokens Get Rolled On

Social money issuer Roll was hacked for nearly $5.7M of creator tokens held in hot wallets on the platform over the weekend. Using Roll’s private keys, the hacker made off with tokens from 400+ creators on the platform. They immediately sold into Uniswap pools created around the vulnerable social tokens and transferred the ETH via …

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Social Tokens: plague or paradigm shift? The answer might surprise you.

Social Tokens: Plague or Paradigm Shift? The Answer Might Surprise You.

Social Tokens… very few token types elicit such a strong reaction amongst the cryptoscenti. From $HUE to $COIN to $JAMM a new wave of experimentalists are carving out unique ideas to explore what’s possible under tokenised models. Most will fail, some (many?) are scams. But given the immense power of ‘influencers’ in the non-crypto world …

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Social Token Projects Enlist Celebrities in Push for Adoption

Social tokens are becoming a breeding ground for adoption, with major names in music and sports all trying their hands at the web3-native fan engagement mechanism. Just this past week, social token platform Roll announced a partnership with Akon for the Grammy-nominated music producer to introduce personal tokens to his Akoin community, including in the …

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