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Though creator coins (also known as social tokens) are in their nascent stage, they are quickly becoming a powerful tool that most, if not all, content entrepreneurs should want in their bag.
To get started in coinage, you can mint a creator coin or social token through platforms such as Rally and Bitclout . Bitclout simply requires creating a profile to be eligible to create a coin. Rally has a more detailed application and vetting process.
people can buy, hold, and sell your social tokens. But unlike most, coin holders also can receive benefits unique to your content business.
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Brian Clark created $MOVE coin . The founder of Copyblogger, Brian also publishes Further, a personal growth newsletter, and launched Unemployable, an educational community for solopreneurs.
He has built a thriving Discord community talking creator coins and NFTs for coin holders with at least $15USD in $MOVE coins. This group also receives 10% of training and events. Community members who increase their investment to $120 USD of $MOVE gain VIP access to exclusive small group coaching and 50% off training and other events.
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Nicholena Moon is in the top 0.06% of Twitch streamers, but she is growing her community through her $MOON coin . Though her audience can interact with her on Twitch, they can elevate their interactions by joining the $MOON Coin Discord server to “talk about gaming, crypto, Twitch, Rally … play in daily Hearthstone games … bid on NFT auctions, and listen to unreleased music.” It’s free to join the Discord server, but coin holders can take on special roles and gain additional benefits.
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The emo-rock band Emery has been around 20 years, but it’s taking on the future with its $WALLS coin . It’s set up a private Discord server for holders of at least four coins. They plan to sell special pop-up merch on the server as well as “grow a cohesive, collaborative community that sustains the art at the center while enhancing relationships and value.”
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The Tilt has its own coin ($TILT ). While they can be purchased, readers and contributors also can earn them for referring new subscribers, contributing guest blog posts, and more.
As founder Joe Pulizzi explains: “At The Tilt, we believe that the audience and community we are working to build should also benefit financially."
We’ve also launched a Discord server for The Tilt community, which has their own robust cryptocurrency/coin conversations. You can access it here . (It’s free to join. Some levels are available only to $TILT coin holders.)
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You don’t need creator coins to build an audience. In fact, you probably should have at least some audience before you mint a coin. Then, use your coin to grow a community where people can gain an even more direct value of being involved.
When you develop a community, you should be prepared to be active in it. That’s particularly true for communities built through a currency like creator coins. When members have an investment in your content brand, they have higher expectations of what you deliver.
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36 yr old product guy. Interested in meditation, product design and the future.
Social Tokens are a method for content entrepreneurs to stimulate their existing communities to contribute more.
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