DeFi

The intersection of social media and DeFi – BitKE

Published

8 months ago

2 June, 2024

The intersection of social media and DeFi – BitKE

SocialFi, a blend of “social” and “finance,” integrates social media with blockchain technology. Its goal is to reward users who create high-quality online content and provide them with greater control over their data use.

At their core, SocialFi platforms aim to provide users with increased control over their data, freedom of expression, and new monetization opportunities.

One of the main monetization methods is the use of cryptocurrencies, allowing direct compensation for social engagement. Cryptocurrencies facilitate the exchange of value between users, allowing SocialFi platforms to offer direct and instant compensation to content creators and influencers.

These tokens often establish a participatory economy, granting users a direct stake in the development of the platform and the ability to shape its trajectory through decentralized governance mechanisms.

Additionally, non-fungible tokens (NFTs) are essential for identity management and digital ownership, allowing creators to establish a verifiable online presence and protect their intellectual property.

Below, we take a look at some of SocialFi’s top projects today.

Ami.tech

Ami.tech is an innovative SocialFi platform built on the Base blockchain, designed to redefine social media interactions by integrating financial issues into social interactions. This platform allows users to buy and sell “keys,” essentially shares of their social influence, transforming social capital into tradable assets.

Users can access private chats and other exclusive content by holding these keys, which increase in value based on social engagement and user demand.

This mechanism not only offers a new way to monetize online presence, but also adds a speculative dimension to social interactions, as the value of keys can fluctuate like traditional securities.

Goal Protocol

Goal Protocol, launched on the Polygon blockchain, offers a decentralized social media platform allowing users to maintain ownership and control of their content through NFTs. Each user’s data, including posts, followers, and social interactions, is associated with their unique NFT profile.

FarCaster

FarCaster is an Ethereum-based social protocol that allows developers to build other applications on top of it, with the most popular application being WarpCast, similar to Twitter. The network stores user identities on-chain while data such as public posts, follows, and reactions are stored off-chain. In order for users to store their old casts (what they call posts), they currently have to “pay rent” worth around $7 in ETH for 5,000 posts.

Hive (HIVE)

Hive (HIVE) is a decentralized social media platform that allows its users to create, curate and consume content while earning cryptocurrency rewards. Built on its own blockchain technology, Hive guarantees fast transactions and scalability. Users engage with the platform by posting content, voting on content quality, and interacting through comments. This engagement is incentivized by HIVE tokens, which reward content creators and curators for their contributions to the platform.

Theta Network (THETA)

Theta Network (THETA) operates as a decentralized video delivery network (VDN) aiming to leverage P2P sharing of computing resources and bandwidth to address video streaming industry issues such as high costs, centralization, and infrastructure ineffective.

Theta optimizes video streaming quality and reduces costs by consolidating users’ unused computing resources. Users are incentivized through crypto rewards, primarily using two native tokens: THETA for governance and TFUEL for operations such as transactions and smart contract deployment.

This dual-token system facilitates active user engagement, as participants earn TFUEL by sharing their resources and viewing content.

XCAD Network

XCAD Network (XCAD) is an innovative Watch-to-Earn platform within the SocialFi space, which aims to bridge the gap between YouTube content creators and their fans through a tokenization model. It allows creators to issue their own cryptocurrency tokens, which fans can earn by watching videos and interacting with content.

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign