Monaco Planet, a next-generation SocialFi platform, intends to be the first to offer it with its NFT drop on November 11 and the platform’s full launch on November 28, 2021. After the first round of multi-million financing with Three Arrows Capital and IMO Ventures.
At launch, a new Monaco Socialfi platform will be launched that will deliver an unprecedented social experience. The Monaco Socialfi platform is the first NFT / Crypto Indigenous social network to become the center of opinion and traffic for the entire NFT community. As the first residents and users of Monaco Socialfi, the Human Advancement Team with Yacht NFT will enjoy the platform’s mysterious launch and numerous future privileges.
At the same time, it’s difficult for individuals and project teams who want to become opinion leaders on their social media accounts to attract lots of fans or stand out in a crowd of thousands of communities.
A true dedicated high fan density Crypto/NFT native social media is yet to be born. And while there are over 100 million wallet addresses worldwide and the number of cryptocurrency/NFT enthusiasts is growing every day, why isn’t there a dedicated public opinion forum and social media platform for cryptocurrency communities?
Monaco Planet faces the problem of spammers and scammers,
which requires reporting through wallets like MetaMask. When users see your NFT collections on their profile page, the real influencers can be identified by their level of engagement and dedication. Users who post and present their activities can track verified COPD across the community. The platform can also rank users based on the wealth and influence of their NFTs, promoting organic connections between the COL and users.
As a SocialFi platform, Monaco Planet is owned and operated by the users themselves. The introduction of the “Writing to earn” content creation concept itself serves as a form of mining. Active content creators and discussion participants on Monaco Planet are constantly cutting the platform’s currency. The vast majority of the platform’s coins will be distributed to users who generate content, creating a form of sustainable, inclusive, and truly productive mining. In addition, anyone who wants to advertise on the platform can burn platform coins to put their posts on top or send messages to all users.
As the number of users grows, from tens of thousands to millions and more, the value of advertising and consumption increases. Once the platform’s currency consumption exceeds production, effective deflation occurs.
A real SocialFi platform belongs to its users. Platform owners appreciate the currency appreciation brought about by the platform’s growing economic activity. And since the vast majority of the currency is distributed to users as a reward for creating content, Monaco Planet functions as a true DAO, managed by all the platform’s currency holders who can submit proposals and vote on them.