Key takeaways
- Friendzone initiates the “Friend Farming” campaign, rewarding early participants in its upcoming SocialFi app.
- Friendzone is rewarding users and creators, setting a new standard for SocialFi platforms.
- They pioneer a model emphasizing user rewards, in-app monetization, customized controls, and real-time market dynamics.
Friendzone is a social Web3 platform that will launch its app in January 2024, offering a new way to reward social presence and engagement in Web3. The app will enable users and creators to monetize their digital assets and social networks. The app will also feature a real-time adaptive pricing and staking mechanism that will reflect the market value of the native currency called “Creator Chips”.
Innovative reward mechanisms and creator control
Friendzone is the premier social Web3 platform introducing real-time adaptive pricing and native reward distribution to ensure fair and dynamic value exchange. It is tailored to a creator’s reputation and community support. The platform is the first to incentivize sustained engagement and offers creators extensive control over content monetization. It is promoting a robust and inclusive digital circular economy at a large scale.
The project is supported by a dedicated team of core contributors and advisors from industry-leading entities such as Synthetix, Band Protocol, Koinly, Immutable, Pendle Finance, Cyball, and Sparklabs.
To prepare the community for its protocol launch, Friendzone has announced the launch of its “Friend Farming” campaign. This campaign aims to reward its community by distributing rewards to users who contribute to the platform’s growth through early involvement. Participants can earn Airdrop Points by inviting friends, creating friendship groups, and gaining early access to the platform.
“Friendzone is more than a platform. It is a paradigm shift in how social applications should be built starting at the root of any great Web3 project – protocol design and incentive mechanisms – which secure the platform’s integrity and also drive user engagement and retention, essential for long-term success.”
—Kevin Lu, Friendzone Co-Founder and CEO.
The Friendzone app will offer a unique mechanism for a sustainable and scalable social capital marketplace with native reward sharing. Creator Chips, the native currency of creator networks, incorporates a reputation factor with its responsive pricing mechanism that adjusts the value of Chips in real-time. The creator’s reputation and the user’s overall network ownership will move according to the laws of supply and demand. This way, the platform prevents price manipulation and negative network effects.
The SocialFi app ensures an equitable distribution of a creator’s revenue, incentivizing a two-way contribution between the creator and their social network. Creators can utilize the custom access controls provided by Friendzone to tailor their offerings, including access levels, content types, and pricing.
Wrapping up
Friendzone is a progressive web app, available on iOS and Android platforms with a browser application on the horizon. If you’re interested, you can join the new social Web3 era. The Friendzone Friend Farming campaign is a great opportunity for crypto enthusiasts with above-average knowledge about crypto, airdrops and blockchain to join a promising and rewarding Web3 community.
