4 Platforms to Launch Your Social Token in 2022
Time to turn your fans into your investors
GM, I’m Shreya. And this is Crypto Creatives. The best newsletter about the Crypto Creator Economy. If you’re new here, consider subscribing.
We discussed whether creators should launch their social tokens in the earlier editions of Crypto Creatives.
Short TLDR in case you missed our previous newsletters. Social tokens are a new way for fans to interact with their idols and invest in them using blockchain technology. Few early successful Social Tokens $KARMA, $WHALE, $CHERRY, $ALEX, etc.
Today we’re taking a step ahead and listing down four platforms that can help you launch your social tokens.
1. Roll
“The future of social tokens belongs to you”
Roll aims to become the Stripe for social tokens.
The Roll network mints branded digital tokens unique to creators’ online presence, allowing them to own, control and coordinate the value they create across platforms.
Creators can create their own social money and incentivize people who contribute to the community. There are many opportunities for the community to transact with creators’ social money.
Users can withdraw social tokens from their Roll wallet and send them to their personal Ethereum wallet anytime.
Over $1B Roll social tokens have been traded with a $50M market cap.
2. Rally
“Crypto for Creative Communities”
Rally is a prominent player in the social token industry with artists like Wax Mottif and Felicia Day.
The platform features a native governance token — RLY, and is bonded to creator coins to mint new tokens.
Creators can launch the platform and bring their community to drive engagement. In return, the community is rewarded with coin access & rewards like exclusive content by their favorite artists.
This digital currency makes the fans support artists by creating an independent economy they’re also a part of. Social money is based on the value of experiences and rewards a creator provides to its community.
The token value increases as the community grows and circulation increases.
3. Coinvise
“Communities with superpower”
Coinvise is another Web 3 creator platform helping creators build their economy.
It enables creators to mint their personal and community tokens with various features like memberships and quests to build strong incentives around it.
Creators can craft and manage rewards for their communities with their toolkits. The creators get to own full custody of tokens minted. Additionally, there are no cuts for tokens minted on Ethereum or Polygon.
In an interview, the co-founder explained he also explained how Coinvise is building to win together with the creators.
4. CrowdPad
“Launch your own coin”
CrowdPad takes social tokens to the next stage and gives a stage for creators to connect with their fans.
The token gated access allows creators to create without worrying about the algorithm and gives fans a chance to interact and enjoy exclusive interaction. The features also allow creators to host events, bounties, and challenges for their fans to take part in.
The video-first discovery tool allows small creators to get noticed alongside established creators.
“CrowdPad stem from this very powerful mission of empowering people everywhere in the world to have access to a global, incentivised & transparent capital and community network.” — Joel Alexander, Co-Founder & CEO
CrowdPad is built on the Solana blockchain for its high TPS (transaction per second) and low transaction costs.
Which platform will you use to launch your social token? Let us know in the comments or on Twitter.