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Block beats BlockBeats (ID: BlockBeats)
Block beats BlockBeats (ID: BlockBeats)
, author: 0x29 0x13, reprinted with authorization by Odaily.
What about CirclesUBI? The UBI of this project is more intuitive. Simply put, it is to form UBI by everyone issuing coins. This kind of logic is not acceptable to everyone. It is like the idea that if a region is extremely poor, the country will print more money and distribute it to the residents of the region to make them rich. This model cannot stand scrutiny. More precisely, this is just a coin-based UBI.
Social Token Concept
But maybe, the focus of CirclesUBI should not be UBI, but social.
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Social Token Concept
The social tokens (Social Token) mentioned here are not the “social application tokens” we usually see. ONO, Steem, Reddit, and even the water droplets in the oasis launched by Weibo last year are all “platform tokens”.
The characteristic of "social platform tokens" is to generate value circulation within the platform, but "social tokens" are not. The starting point of the latter is people.
The core of social tokens is that you get a service from a person.
According to the application example in the CirclesUBI white paper, it can be understood that two users who have performed trust operations on each other can transfer money at a 1:1 exchange rate. Alice who owns 10 AliceCoins and Carol who owns 10 CarolCoins transfer 5 each Tokens, the result is that the two each have 5 AliceCoin and 5 CarolCoin.
There must be a transaction when a transfer occurs. The reason why Alice wants to transfer money to Carol is based on two premises. One is that Alice trusts Carol, and the other is that Alice can obtain items or services that she thinks are equivalent. And these two points are the basis of social tokens.
Trust + service, derived social tokens. Generally, social tokens can be divided into two categories: personal tokens and community tokens, with the latter more like an iterative development of the former.
In other words, what "social tokens" actually do is decentralized "getting" and "knowledge", the form of the platform disappears, and users or fans directly connect with "trusters". More directly, what users directly invest in is not products, but "people"
In the concept of CirclesUBI, UBI is not the focus, but social interaction is. In this project, the issuance of personal tokens is carried out in batches, and then the two parties who trust each other and need to provide service transactions can conduct currency-based personal token transactions. Of course, the disadvantage of this is that the token model is too homogeneous, but at least it solves the problem of starting.
In fact, before CirclesUBI, the track of social tokens already had a certain scale.
ALEX
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On the zerion platform, 15 social tokens have been included, the most famous of which should be WHALE, which has been widely spread recently due to NFT, with a market value of 25 million US dollars. Rhythm BlockBeats sorts out the current relatively mainstream social tokens, and you can get a complete picture of the current section.
SWAGG
ALEX tokens combine the concept of "small revenue sharing agreement" and IPO. Alex Masmej will distribute 15% of his income to token holders every quarter within three years after token issuance; at the same time, ALEX holders You will also get some privileges, such as having a private meeting with Alex, helping Alex make decisions through voting governance, and so on.
SWAGG is a diverse social networking site centered around the SWAGG community. Carlos Gomez, the founder of SWAGG, said: "Our goal has always been to keep community members passionate about the community and promote community development through the interesting intersection of encryption, cultural aspects, community collaboration, and creativity."
In other words, SWAGG can be used in a variety of ways. Holders of SWAGG can participate in the entire ecosystem built around SWAGG tokens.
JAMM
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COIN
Using social tokens as a payment method for reading blog posts is a perfect incentive mechanism. Generally speaking, subscribers often need to pay legal currency when paying for media, and the price paid by each subscriber is the same, and there is no connection between new subscribers and original subscribers. With JAMM as a means of payment, new subscribers need to purchase JAMM tokens in order to pay for reading. The more subscribers, the greater the demand for JAMM. The increase in demand will lead to an increase in the price of JAMM, and the original subscribers will also receive additional dividends because they will hold JAMM tokens. Therefore, existing subscribers will also recommend to others to subscribe to Jamm Session, making the JAMM community gain more subscribers, get more money and social support, and turn it into a driving force for sustainable development.
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WHALE
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RAC
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SKULL
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MORK
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FIRST
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CHERRY
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The concept of the CHERRY community is simple: bring creators and token holders together to benefit from the development of the community. There is no third party in the community, and it is entirely composed of community members, improving the quality of content in the community and bringing more value to community members.
Cherry is a community that accepts adult content (Not safe for work), but community content is not limited to adult content. The community also has SFW (Safe for work) creators (illustrators, digital art...) and events. The community has a separate SFW channel, where members can talk about content in any field, such as animation, games, encryption, investment, food, travel, movies, technology, etc.
CHERRY holders are divided into six levels according to the amount of tokens held, each level has different rights and interests, such as airdrops, special NFT collection, etc. Among them, the top 20 community members with CHERRY holdings will be able to participate in community governance.
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