What is Phaver? Information about SOCIAL Token

Table of Contents

What is Phaver?

Phaver is a decentralized social media platform following the “Share-to-earn” model, operating on the Polygon and Ethereum blockchains. It provides an experience similar to X (Twitter) and is supported by prominent protocols like Lens Protocol and CyberConnect. Phaver officially launched its public sale on Coinlist on May 18.

On Phaver, users can share a wide range of content from text, images, to videos. For convenience, the platform offers various login options via Gmail, Facebook, or Apple. Users can also link their Phaver account with a domain on Lens or CyberConnect, creating connections across multiple platforms while maintaining a distinct identity.

Phaver’s Key Features

Lens Protocol Integration: Phaver is the largest mobile app on Lens Protocol, a Web3 social media protocol developed by Aave. Lens uses NFTs to build relationships on the blockchain between profiles, followers, and posts, allowing users to fully own their social data.
Farcaster Integration: Phaver users at level 2 can create Farcaster profiles for free. Some supported features include cross-protocol following, post indexing, commenting, and sharing content from Farcaster to Phaver.
Mocaverse Integration: Moca ID holders can participate in Web3 cultural, gaming, and social activities while earning Realm Points that can be redeemed for real-world rewards.
Content Sharing: Phaver aims to create an engaging social experience by granting access to multiple protocols and social networks simultaneously, rewarding users for creating, curating, and moderating content. Users can choose to post within the Phaver ecosystem or on Lens and Farcaster.
Post Rewards: Users at level 2 and above receive 5 “Phaves” (similar to “super likes”) daily. Phaves are also rewarded to users who help discover trending posts ahead of others. Rewards are earned in Phaver Points and can be converted into tokens.

Team

Joonatan Lintala: CEO and Co-founder, began his career at Google. He currently serves as a board advisor for Pomar, a shoe brand, and Shook Digital, a TikTok marketing partner.
Tomi Fyrqvist: CFO and Co-founder, brings extensive financial expertise to the team, having worked at major companies like Goldman Sachs, Alibaba, and AXA Ventures Partners. He began his career in investment banking at Goldman Sachs before moving to an investment role at AXA Ventures Partners.
Carlo Hyvönen: CTO and Co-founder, has a strong background in technology and software development. After working for 5 years at Veikkaus, a company specializing in real-money games, Carlo served as a Lead Developer, focusing on machine learning applications. He also contributed significantly to building a referral system serving over 2 million customers.
Tom Hämäläinen: Co-founder and Head of Analytics, has a solid foundation in both technology and entrepreneurship. He co-founded and managed Coinmotion for six years, a reputable cryptocurrency payment service provider in Finland since 2012. Tom also has over a decade of experience as a senior full-stack developer.

Investors

On October 5, 2023, Phaver raised $7 million in a seed round from prominent investors like Polygon Ventures, SwissBorg, Nomad Capital, Symbolic Capital, dao5, and Foresight Ventures.

Phaver Airdrop

The project announced the results of Airdrop Season 1 on September 18, 2024, with rewards totaling 3%. Season 2 is expected to be announced in one month.

Roadmap

Q1-2024

Cross-protocol direct messages via XMTP
Phaver Communities upgrades
Point economy 2.0 with the Phaving system and more dynamic, gamified daily rewards

Q2-2024

Launch of Phaver-Up NFTs: Genesis Edition on April 3, 2024
Cross-posting integration with Farcaster on May 2, 2024
Announcement of $SOCIAL Airdrop Season 1 on May 8, 2024
Farcaster comments and channel selection updates on June 6, 2024
Full synchronization of Farcaster & Lens (including reaction consolidation)

Q3-2024

Automatic language detection and filtering
Launch of Phaver Cred Pass NFT collection
Listing of $SOCIAL tokens on CEX exchanges

Q4-2024 and Beyond

Expansion to mainstream users with Web2-equivalent user experience
Expansion of the ad revenue model: self-serve advertising as part of tokenomics

Similar Projects

Phaver is a SocialFi project similar to Cyber and Farcaster.

5 Key Points About SOCIAL Token

SOCIAL is Phaver’s main token.

1. Basic Information About SOCIAL Token

Token Name: Phaver
Token Ticker: SOCIAL
Blockchain: Ethereum
Smart Contract: 0xD3C68968137317a57a9bAbeacC7707Ec433548B4
Listing Date: September 24, 2024
Price: $0.01 (as of September 25, 2024)
Market Capitalization (MC): N/A
Fully Diluted Valuation (FDV): $100M
Total Supply: 10,000,000,000
Max Supply: 10,000,000,000
Circulating Supply: N/A

2. SOCIAL Token Allocation

Advisors: 3%
Team: 18%
Community Rewards: 28%
Partnerships: 2%
Private Sale: 18.3%
Community & Ecosystem Treasury: 27.7%
Additional User Airdrops: 3%

3. SOCIAL Token Vesting Schedule

It is projected that SOCIAL will be fully unlocked five years after the TGE.

4. What Is SOCIAL Token Used For?

Phaver’s token has various flexible uses:

Buying Points: Users can use tokens to buy Points for activities within the app.
Monthly Rewards: Tokens are used for regular monthly reward programs.
DAO Participation: Tokens also allow users to participate in DAO governance decisions.
Ad Payments: Users can use tokens to pay for advertising activities on the platform.

5. Where to Buy SOCIAL Tokens?

Currently, investors can buy/sell SOCIAL tokens on exchanges like Bybit, MEXC, Bitget, etc.

Buy SOCIAL on Bybit here!!!

Conclusion

This article has provided information about Phaver and SOCIAL Token. If you have any questions, leave them in the comments, and we will answer them promptly!