Tokenomics
What is OpenSocial Token?
Multi-layer incentives across dApp and OpenSocial protocol level
Social value users create on the dApps earn multiple incentives simultaneously within the dApp and OpenSocial protocol level.
Dapps having their own tokens provide the first layer of incentive, which also enhances user adoption, retention and flywheel in the broader OpenSocial ecosystem. At the same time, social engagement on dApp is also counted towards OpenSocial credit leading to the second layer of earnings of token -this system of double incentives creates a larger ecosystem “GDP” that lures dApps and users to build on OpenSocial. Over time, the market cap expansion of dApps will also solidify OpenSocial’s market cap.
Expected TGE: TBD
Token Allocation
Investors | 20% across seed, private, influencers and community sales |
Team & Advisor | 20% across team and advisors |
Ecosystem | 60% across ecosystem, staking rewards, airdrops & others |
Utility
The token is the native token of OpenSocial Protocol with the following utilities:
Staking
Rewards:
Gas credit via AA wallets
Megaphone
Tipping and donating to KOLs/influencers
Tribe owners can use token to upgrade their tribes
Purchase Social Assets such as Tribe NFTs, Shares, and Membership
Curation: Access to participate content curation
Governance: Principal token for voting on future protocol and ecosystem development
Main Revenue Model
The main revenue model for OpenSocial includes
OpenSocial Membership
Revenue share from Tribe subscription (For private content and tribes)
Fees received from Tribe Upgrades
Megaphone: revenue share from publishing fees
Plugins
Trading commission from the marketplace
Key revenue drivers across OpenSocial’s lifecycle are as follows:
Short-term: OpenSocial membership, tribe subscription
Medium-term: Revenue share from Megaphone publishing fees, Plugins
Long-term: Megaphone + Trading commission from OpenSocial marketplace
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