Tokens
Tokens on MySocial can be introduced in a phased approach, ensuring they provide meaningful utility without disrupting the core social experience. Tokens will not launch with the mainnet genesis to ensure systems are running smoothly. The long-term vision could include both platform-specific tokens and User Tokens, which, if done correctly, will be designed to enable various economic and engagement models within the ecosystem.
Platform-Specific Tokens
Each platform on MySocial can have the option to create its own unique token, allowing for customization of platform-specific economies. These tokens can be used for:
Tipping & Rewards – Users can tip content creators or reward engagement.
Gated Access – Platforms can create token-gated communities, exclusive content, or premium memberships.
In-Platform Transactions – Tokens can be used to purchase services, upgrades, or participate in platform-wide incentives.
This approach allows platforms to remain independent while utilizing a shared blockchain infrastructure, ensuring that tokenized interactions remain portable and secure.
User Tokens
Beyond platform-level tokens, we are also exploring the introduction of User Tokens, which allow individuals to establish their own social economies. These tokens provide a unique opportunity for users to invest in the future success and likeness of a creator, strengthening the connection between supporters and influencers.
User Tokens can be launched in two ways depending on the community's tolerance:
High-Tier Access (Top 5% of Users)
Reserved for the most engaged and reputable users based on social interaction and engagement scores.
Designed for users with an established following to create sustainable, trust-based economies.
Enables supporters to participate in a creator’s long-term growth and success.
General Access (User Growth-Based Unlocking)
Users who reach 500 followers and meet additional engagement requirements can create their own token.
Encourages organic community-building before token launch.
Allows smaller creators to establish their own ecosystems as they grow.
Future Development & Considerations
The rollout of tokens will be guided by community feedback, ensuring they enhance user experience without introducing unnecessary complexity. Additional considerations include:
Social Score Integration – Ensuring tokens are tied to genuine engagement rather than artificial inflation.
Economic Stability Measures – Avoid volatility by setting clear guidelines for token issuance and use.
Cross-Platform Compatibility – Allowing tokens to interact with multiple platforms within MySocial's ecosystem.
By taking a structured and scalable approach, MySocial can ensure that tokens serve a functional role in enhancing social interactions while maintaining trust and sustainability. These features can be introduced post-Mainnet launch based on ongoing user feedback and network development.
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