OpenSocial Protocol
  • Introduction to OpenSocial Protocol
  • Core Differentiation
  • Technical Architechture
  • Features
    • OpenSocial Account
      • Gas Credit
      • Gas Account
    • Social Graph
      • Profile
      • Follow
      • Create Tribe
      • Join Tribe
    • Social Actions
    • Social Modules
    • Data Availability
    • Megaphone
    • Plugins
  • Tokenomics
  • FAQ
    • What is OpenSocial Protocol (OSP)?
    • Why has OpenSocial Protocol been built?
    • Which apps are using OpenSocial Protocol?
    • What can I build with OpenSocial Protocol?
    • I want to build with OpenSocial, but what if my users aren't onchain?
    • How to monetize on OpenSocial?
    • Who is building OpenSocial?
    • On which chain is OpenSocial Protocol available?
  • Ecosystem
  • Useful links
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  • What is OpenSocial Token?
  • Token Allocation
  • Utility
  • Main Revenue Model
  • Key revenue drivers across OpenSocial’s lifecycle are as follows:

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:

  1. Staking

  2. Rewards:

  3. Gas credit via AA wallets

  4. Megaphone

  5. Tipping and donating to KOLs/influencers

  6. Tribe owners can use token to upgrade their tribes

  7. Purchase Social Assets such as Tribe NFTs, Shares, and Membership

  8. Curation: Access to participate content curation

  9. 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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Last updated 12 months ago