A beginner's guide to social tokens - Deepstash
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Social Tokens

Social Tokens

Social tokens are tokens issued by individual creators or communities that enable community members to collaborate and share ownership in the value created together. They can be earned as rewards for contributing to the group & can grant access to chat group or voting on community decisions.

Social tokens can be used to represent a wide range of access rights, from a person’s time, access to an exclusive group, or partial ownership of a community treasury.

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Examples Of Social Tokens In Use

  • Reuben Bramanathan and Matthew Vernon (dApp_boi) tokenized blocks of their time where one unit could be redeemed for one hour of consultation
  • Income Sharing Agreements (ISAs), where individuals tokenized the rights to % of their future income.
  • The Grammy award-winning recording artist RAC gave token holders access to a private Discord group and early access to merchendise.
  • To join Friends with Benefits (FWB) Discord, a community of Web3 artists, one must have a minimum number of FWB tokens.

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CURATED BY

vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

CURATOR'S NOTE

A concept that's connected to NFTs or DAOs, but different.

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