Place/Date: - September 6th, 2022 at 5:09 pm UTC · 4 min read
Source: HUH Exchange
Social tokens, also called Creator tokens, are attracting creators worldwide. Their appeal is due to their huge potential on social media. HUH Exchange (HUH) is a good example. This influencer-backed token could revolutionize social media interaction.
Other established cryptos like The Sandbox (SAND) and Chiliz (CHZ) are worthy of note due to their unique and innovative features in the GameFi and Sports market.
These top social tokens aim to create a secure and decentralized space for creators to earn rewards from their creations.
The Ethereum-based platform, The Sandbox (SAND), is a community-driven project regarded as one of the fastest-growing platforms in the GameFi industry. It is a virtual reality platform that allows players to build, own, and monetize digital plots of land, called LAND.
Creators can then use these LANDs to host games, build multiplayer experiences, develop housing, or offer social experiences to the community.
The Sandbox has three unique features to support these creators, namely:
The SAND token is an ERC-20 utility token used as a basis for transactions, interactions, staking, and governance. Consequently, it is among the top 40 cryptocurrencies on CoinMarketCap. Most transactions in The Sandbox ecosystem come from the creation and trade of game NFTs using the SAND tokens.
The Chiliz network is based on the Ethereum blockchain and hosts the CHZ token. Chiliz (CHZ) is the leading digital token for sports and entertainment. It operates the blockchain-based sports entertainment platform, Socios, where users can participate in the activities of their favorite sports clubs.
The Chiliz protocol aims to bridge the gap between being an active and a passive fan. It uses smart contracts to mint and distributes a limited supply of fan tokens to each sports organization on its network. These fan tokens offer a way for fans to connect with their favorite sports clubs and associations while unlocking new revenue streams for these clubs.
Fans now use the native CHZ token to purchase the fan tokens and pay for other transactions on the network. Subsequently, they can vote on the Socios platform using their fan tokens.
For instance, fans can participate and influence club-related decisions through surveys and polls, such as new jersey designs and messages the captain should wear on his armband. Therefore, by holding the CHZ token, fans have a stake in their club.
The HUH network is a social blockchain that allows creators, fans, and users to earn rewards from their content and referrals. It aims to build one of the largest social decentralized governance platforms.
The host HUH ecosystem underwent several revamps with added features that will help it adapt to changes in social media channels. The new features include a Metaverse and a social app, where users can interact seamlessly while earning rewards.
Consequently, artists and content creators can host events in return for more token rewards. Users will also earn more tokens through referrals and for every transaction made on the platform. In addition, there is a HUHswap exchange where users can buy and sell different tokens, including the HUH token.
The HUH token powers the HUH ecosystem. The influencer-backed token relies heavily on marketing and social media influencing strategies. Consequently, the HUH team mapped out plans to advertise its HUH tokens using influencers, including allocating a 20% charity wallet for Elon Musk.
In addition, as part of its presales plans, the team is offering different presales bonuses for early buyers. For example, there is a 25%, 50%, and 85% bonus on the 1st, 2nd, and 3rd purchases of the HUH token.
The Sandbox (SAND), Chiliz (CHZ), and HUH Exchange are social tokens that are best for interacting while being profitable, especially to creators. With many countries already regulating the social media space, HUH will power a decentralized platform for content sharing worldwide.
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