SocialFi is Blowing Up! This could be the next big thing in crypto and I am sure you will not want to miss out on this early opportunity! Is it something like getting into Solana early? Here is the catch. You can see such 200-300X gains only when you identify the right project at the right time!
And that is what this article is about. We have identified one massive potential SocialFi project. So, you should not miss it today because its token is listed on some of the major crypto exchanges like KuCoin tomorrow. Let’s discover more about this project.
What Is RepubliK?
RepubliK is a decentralized Web3 social media platform. It rewards you for contributing to the platform. Currently, it has a daily user count of 250,000. Today, 14th November, the RPK Token will list for the first time. KuCoin and ByBit are among the bigger exchanges that are listing the RPK token.
📗 @RepubliK_GG provides creators with a suite of tools to unlock a wealth of opportunity that cannot be reached within the confines of current social platforms
💢 Rewards users at every level… pic.twitter.com/8hGyqby1eL
— ⚡️Smart Crypto News ⚡️ (@SmartCryptoNew1) September 23, 2023
So you can buy and sell more easily. And you can accumulate more easily too. Then there’s the airdrops. And that’s of interest to you. Because you like airdrops, right? Well, who doesn’t like free money? But it’s not your usual airdrop, where you get an ‘X’ amount during the token launch.
RepubliK is doing things differently. Instead of a one-time airdrop during launch, you can get weekly airdrops. All you need to do is stay active on the RepubliK platform. You will gain XP by being active. The more active you are, the more XP you receive. In turn, this qualifies you for a weekly RPK airdrop. So, in short, the more XP you gain during a week, the higher your % of the total XP you have. And with a higher % of the XP, the higher your RPK allocation will be. You can stay active in various ways. For instance:
- Interact with content from other creators.
- Get ‘likes’ for your content.
- Use the referral link or your content link and get people to sign up through your links.
- Stay active and get daily log-in streaks. These reset every 7-days.
More About Republik
If you are inactive, you start to drop your XP. So, the RPK token has a maximum supply of 3 billion tokens. A good thing is, that there’s no vesting for the RPK tokens that you earn. Instead, you have two options with the tokens you earn. You can either add them to your wallet or withdraw them to an exchange that offers RPK.
RepubliK is pleased to announce our successful seed round of $6M at a $75M valuation. Our investors have helped move us one giant leap closer to realizing our vision of transforming social media into online communities growing, earning and creating value together.
🏻🏼 Investors:… pic.twitter.com/BWafnhiyiO
— RepubliK_GG (@RepubliK_GG) October 11, 2023
Here is another thing about being on Web3 platforms. The only person who’s responsible for the safety of your tokens is you. So, you must understand how Web3 crypto wallets work. There’s no online chat or 1-800 number you can call if you have a problem. However, be aware that when you withdraw your RPK, there are costs involved. This is the gas fee.
There are many different blockchains and all have different rates for these gas fees. However, RepubliK plans to be multichain. This allows you to use chains with lower gas fees.
SocialFi in the Next Bull Run
SocialFi will play a big role in the next bull run. RepubliK sits in the front row, and you don’t want to miss this ride. Their goal is to onboard as many Web2 users as possible to Web3.
The team has been working very hard for over a year now. This translates into some great features. For example, there’s the easy one-click posting of your TikTok videos to RepubliK.
As I said, you need to stay active to gain those XP. If you’re inactive, you will start missing out on the weekly airdrops and lose XP. Your rewards in RPK are not based on XP accumulation for the week. However, it depends on how much XP you hold, proportionally to the total amount of XP on RepubliK. This dynamic rewards model benefits active users.
Since the airdrops are in the RPK token, let’s take a closer look at the token. RPK represents the value of the platform and community. So, it’s not only a utility token, but it also includes governance on the platform. RPK is the first and only token that represents all values of the platform. All revenue goes back to the community. Here are some more use cases:
- Governance and voting rights. It’s not like a DAO token. However, you earn a status that allows you to perform certain governance tasks.
- Pay transaction fees.
- Access to paywall content.
- Pay to access chats with specific creators.
All collected platform fees will find their way back to the creators. They are part of the weekly airdrops. Existing users can also look forward to an extension of the boosted XP period. RepubliK also has tasks up on Galxe in which you can take part.
Another option coming up is that creators can launch their own tokens. These creator tokens and any other NFTs are all backed with RPK to prevent oversupply. In other words, the team is looking out for you.
Another great feature is their platform itself. It has an easy UI and new Web2 users should have no issues digging straight in. RepubliK rewards everybody sustainably. It generates RPK while airdropping. Most importantly, all forms of value go to the RPK holders.
So, RepubliK has no split allegiances. Like, for instance, into equity, utility, governance, currency, NFTs, Land. There’s only one token, the RPK token, and all value goes into this token. Now, this ends up with the creators, during the weekly airdrops.
Gaining more XP doesn’t only give you more RPK. It also unlocks new levels. For example, a higher level gives more privileges, or you can attend special events. In turn, this gives you multipliers for your XP. All these features do the same thing. Reward power users. Become one and you get those rewards too.
This is once more proof that RepubliK heavily invests in its own communities and ecosystems. Everything they do focuses on the creators. Remember, they aim to supercharge the creator economy.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Republik. Copyright Altcoin Buzz Pte Ltd.