“Social Money” refers to financial services technology for developing new products focused on helping consumers and customers invest and save by promoting the creation of an open financial protocol for all. However, crypto investors are already showing interest in social tokens. In this article, let’s take a look at the best examples to watch in 2022 from analyst Will Izuchukwu’s list.
Let’s take a look at the best social tokens to watch in 2022
Zoracles (ZORA)
Zoracles provides DeFi users with the information, resources and funding they need to compete in their financial markets. The NFT Swap market on the platform allows users to trade liquidity positions generated by Uniswap V3. Buyers charge fees for these assets.
Zoracles developed an algorithmic loan feature that uses Zora LP positions to provide lines of credit. The platform has seamlessly incorporated a new dAPP for Uniswap V3, which will focus on developing features.
HollyGold (HGOLD)
HollyGold, a cutting-edge business, is developing an ecosystem for the entire entertainment industry. HollyGold’s ecosystem includes Defi as well as focusing on entertainment. Those who want to take part in this EnTech environment can especially join the DeFi project, which allows them to earn extra money as well as participate in the fun. Working with Hollywood enables them to develop new, engaging NFTs.
Onooks (OOKS)
Another social token, Onooks is a decentralized cryptocurrency that supports the development of an integrated and interoperable matrix of monetary and open finance protocols, serving as a central liquidity pool and foundation for DeFi and open finance applications.
Community-produced Onooks (OOKS) equip people to solve real-world problems. The Onooks team is a community of software engineers, corporate finance professionals, and people from the blockchain industry, specifically aimed at continuing their efforts to provide solutions to real-world problems.
WHALE
WHALE entered the market as an Ethereum ERC20 token on May 18, 2020. Found on The Vault, this collection has been expanding since 2019. Since its inception, the group has recruited well-known figures in the crypto art world to ensure everyone becomes a whale through WHALE.
WHALE token benefits:
- NFT HIRE – Free rental of NFT assets from the WHALE Vault, which includes game assets and metaverse capability.
- SPECIAL NFTS – Purchase only NFTs sold for WHALE.
- NFT DROPS – Valuable NFT airdrops for WHALE role holders, from art to meta clothing.
- EXCLUSIVE ACCESS – Exclusive access to WHALE FM events, programming and metaverse WHALE features.
- EXCLUSIVE INFORMATION – Exclusive access to frequent market insights and analytical reports.
- WHALE DAO – Join the WHALE club and treasury management.
Rally
Finally, RLY Network is powered by RLY, an ERC-20 token. RLY Network Association’s official hyperlinks and canonical swaps allow users to access RLY on other Blockchains.
A token-enabled software package for developers, RLY Protocol provides token launch, fast pricing, instant liquidity, and the chance to earn weekly RLY rewards. The protocol also powers RLY Network, a community of consumer applications. The RLY Network Association, a non-profit organization founded in Switzerland, administers the RLY Protocol.
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