Inclusion, transparency, and the complete elimination of third-party during financial transactions are some of the founding principles of the blockchain and cryptocurrency space. Since its inception, the crypto space has grown exponentially, revamping how important spheres in the world today work.
We’ve experienced the launch of DeFi, NFTs, The Metaverse, DAOs, and now Social tokens. What do you know about Social tokens? In this article, you will discover the most important aspects of this nascent yet potentially huge sector.
Before we move on to the different top social tokens in 2022, let’s find out more about Social tokens.
What are Social Tokens?
Social tokens, also known as Creator Coin or Community tokens, are starting to attract the attention of creators worldwide. It also serves as a form of digital ownership. Making it possible for creators to enjoy sole control over what they do instead of the mainstream media. With social tokens, creators will be able to earn rewards from their creations in a secure and decentralized manner.
Moreover, social tokens are also an innovative way for creators to interact with their fans. This aspect of the crypto sphere is still nascent with a lot of regulatory uncertainty. Albeit with huge potentials for both creators, brands, and their community members or fans. Interestingly, social tokens are showing a lot of potential. We expect their usage and adoption to skyrocket this year.
Social Tokens to Look Out in 2022
The social token sphere is relatively new, but also fast-growing. According to Coingecko, globally social tokens currently has a market cap of $636 million. Alongside a 1.7% price increase in the last 24 hours.
First, on my list of top Social tokens available today is;
1. Rally (RLY)
Launched on the ETH blockchain network, RLY serves as the social token of the Rally Network. Providing content creators, communities, and brands with the opportunity to create and launch their social currencies. Also, RLY is designed to facilitate easy integration with other chains.
Because a good time is always worth backing 😊
🎵 Mind-blowing music
🎤 Memorable performances
🌞 Miraculous vibes
— Rally (@rally_io) March 4, 2022
At the time of writing, Rally (RLY) has the highest market cap of $479,098,443 and is currently trading at $0.19.
2. Friends with Benefits Pro (FWB)
Launched in 2021, the Friends with Benefits Pro (FWB) token currently stands as the most expensive social token available today. At the time of writing, FWB was trading at $50.17 with a 24-hour trading volume of $190,439.
Friends with Benefits is excited to enter our second year.
For Season Five, we will be introducing new ways for our community to venture out and come together – both online and offline.
Welcome to Season Five: Social Spaceshttps://t.co/hMgonEeMSh
— Friends With Benefits ($FWB) 🫂 (@FWBtweets) January 6, 2022
The social token is also up by 9.2% in the last 24 hours. The best exchange to purchase FWB is the Uniswap (v3) exchange platform.
3. WHALE (WHALE)
WHALE was created by NFT collector WaleShark in 2020. The token is also an ERC-20 token and is controlled by a DAO. WHALE holders will enjoy immense benefits like accessibility to The Vault. Also, they will play a role in governing the WHALE ecosystem.
Moreover, and will enjoy exclusive access to important events like NFT airdrops, WHALE airdrops, etc. Interested persons can purchase WHALE on Gate.io, Uniswap, Huobi Global, Hotbit, KuCoin, etc.
— DeCryptolorian (@DCryptolorian) March 7, 2022
At the time of writing, WHALE was trading at $6.20 with a market cap of $47,77 million and a 24-hour trading volume of $646,963. The social token price is also down by 1.9% in the last 24 hours.
4. Global Coin Research (GCR)
This is a social token built specifically for the GCR research community consisting of readers, writers, and general community members. Therefore, it makes it possible for writers and content creators to receive rewards directly from the consumer.
Also, the Global Coin Research (GCR) token is built on six core pillars namely. Curiosity, Entrepreneurial, Supportive, Inclusive, Integrous, and Crypto native (explorers).
Announcing Espresso Systems: Bringing Low-Fee, Flexible Privacy to Web3 Applications￼ https://t.co/v7faQ5t3Mn
— Global Coin Research (@Globalcoinrsrch) March 7, 2022
At the time of writing, GCR has a market cap of $40.6 million and was trading at $4.07. The Creator Coin also has a 24-hour trading volume of $99,624 and is down by 1.9% in the last 24 hours.
Another interesting social token is MORK. According to Coingecko, it is currently trading at $1.69 with a market cap of $14,6 million and a 24-hour trading volume of $358. MORK also has a circulating supply of 8.65 Million MORK coins and a total supply of 10 Million.
⚇ A selection of Q+K hacked will be exhibited
⚇ Lisbon 4-5 April
— Hackatao ♛ (@Hackatao) March 3, 2022
In conclusion, like the 2020 DeFi rally, Social tokens are showing the potential of being the next big thing in the blockchain and crypto space.
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