As a seasoned crypto investor with a deep understanding of the Web3 space, I’ve seen my fair share of social media apps come and go. But SoMon, the newest decentralized platform to hit the scene, has truly piqued my interest. In just two short weeks since its launch on Base, it has already amassed over 300,000 on-chain transactions, making it the most active and fastest-growing social app in the space.
Hong Kong, Hong Kong, July 21st, 2024, Chainwire
In just two weeks after debuting on Base, SoMon – a decentralized Web3 forum committed to fostering user-owned content and connections – has seen over 300,000 on-chain transactions, making it the most bustling and rapidly expanding social application within the realms of the Web3 sector.
SoMon, a nickname for Social Monster, empowers users to earn money and establish groups (Tribes) centered around their preferred subjects, interests, influencers, and fanbases. It is the inaugural application developed using OpenSocial Protocol, an adaptable foundation for constructing social applications, and the premier Web3 social platform that doesn’t require gas fees, making it more accessible to users beyond the crypto sphere.
As an analyst, I’d rephrase it as follows: Around a month after the launch of our mobile app on June 19, 2024, we have witnessed remarkable growth, with more than 30,000 on-chain registrations within just two weeks. Currently, our vibrant community is expanding at an impressive rate, boasting over 2 million social engagements and the presence of 300 distinct Tribes (communities) among our 80,000+ users.
Sean Tao, the CEO and Co-Founder of SoMon, expressed that the cryptocurrency world revolves around community. However, rather than forming communities for users, we aim to facilitate the creation of communities by users themselves. SoMon serves as a user-driven platform, enabling individuals to connect with each other while managing and profiting from their own social interactions.
Starting on July 17, 2024, SoMon platform users began creating their own communities, or “Tribes,” using a range of tools and leveraging NFT technology for shared ownership. Users generate content, while the platform is monetized via a tool called “Megaphone.” This feature enables users to purchase promotional exposure, with resulting revenues distributed among Tribe leaders and investors.
During the inaugural run of SoMon, which concludes on July 31, 2024, participants engage in activities and accumulate points to progress through various levels, earning badges along the way. Upon season completion, SoMon will introduce its community token, $OwO, marking an official launch. The initial airdrop is set for August 1, 2024, distributing 3% of the token’s total supply, while subsequent seasons will receive 1% allocations each time.
In the approaching seasons, SoMon will prioritize fostering a community economy through its Tribe Summer initiative, inviting users to establish and interact within their bot-free communities.
About SoMon
As a crypto investor, I’m excited about the potential of Social Monster (SoMon). This open-topic Web3 social app is powered by OpenSocial Protocol and offers a unique space where users can build thriving communities, or “Tribes,” around their interests and passions. With SoMon, I have full ownership over my Tribes, content, and social connections – ensuring that my online presence remains mine alone.
Contact
Public Relations Manager
Kelvin Yeo Jun Hao
Everest Ventures Group
kelvin.yeo@evg.co
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2024-07-22 07:33