What is Phaver? Information about SOCIAL Token

Phaver is a SocialFi project developed on the Lens Protocol, featuring a "share to earn" mechanism similar to other SocialFi platforms. The project has successfully raised 7 million USD and is partnered with several major projects and protocols in the Web3 market. On September 24, 2024, Phaver officially launched the SOCIAL token, announced an airdrop, and listed it on major exchanges.

What Is Phaver Information About Social Token

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.

What is Phaver?
What is Phaver?

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.

Related: What is SocialFi? Top 5 Noteworthy SocialFi Projects in 2024

Phaver’s Key Features

Phaver's Key Features
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

Investors
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

SOCIAL Token
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

SOCIAL Token Allocation
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

SOCIAL Token Vesting Schedule
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!

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  1. Avatar of James I. I
    James I. I

    How can I mine or earn some airdrop of Phaver.

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