PeopleMint: Resolving the SocialFi Stalemate, Balancing Between Web 2.0 and Web 3.0
What are the irreplaceable qualities of a good SocialFi platform?Source: People Minter
Compiled by: Biscuit, ChainCatcher
In the dynamic landscape of Web 3.0, various SocialFi platforms have emerged to meet the needs of creators and users. These platforms offer different products and features to cater to diverse preferences.
A truly decentralized and future-oriented SocialFi space will provide users and creators with unimaginable freedom and opportunities:
- Complete ownership of content
- Authority within social networks
- Shareholding control
- The right to define rules and payments
The transition from Web 2.0 to Web 3.0 represents a significant shift, enabling users to truly own their digital creations while fostering a sense of community as they leverage the value they create. The biggest question is, what irreplaceable qualities should a good SocialFi platform possess, and which one best fits these qualities?
1. Creator Fee Structure Autonomy
Creators value the autonomy to set their fee structures. They need control over how to monetize their content so they can explore and utilize various models that align with their unique goals.
What sets PeopleMint apart is its empowerment of creators with autonomy over their fee structures, allowing them to choose the monetization model that best fits their content. In contrast, Friend.tech, Fan.tech, Post.tech, Tomo, Cipher.fan, and Friend3 do not offer this level of autonomy to creators, which may limit their flexibility in revenue generation.
2. Diversified Revenue Streams for Creators
Lucrative referral programs encourage users to invite their friends and spread the word about the platform. Users are then rewarded for their contributions in bringing in new members.
PeopleMint, Friend.tech, Post.tech, and Fan.tech offer referral programs that incentivize users to invite others. This feature helps expand the platform's user base and create a diversified network. In contrast, Tomo, Cipher.fan, Stars Arena, and Friend3 do not provide this benefit, which is likely to limit opportunities for network and social expansion.
In addition to referral programs, PeopleMint also offers $PPL airdrop rewards, Creator Token trading, and staking rewards. Creators can earn a percentage of the revenue when users buy and/or sell their creator tokens, receive $PPL airdrops to kickstart their creator journey, and earn additional income by providing custom services or staking tokens.
3. Auxiliary Creator Gig Market
The auxiliary creator gig market provides creators with additional opportunities to showcase their skills. Users seek platforms that can nurture ecosystems, allowing creators to diversify their income sources.
PeopleMint excels in this area by providing creators the ability to explore additional revenue streams beyond conventional content creation. Unfortunately, Friend.tech, Fan.tech, Post.tech, Tomo, Cipher.fan, and Friend3 do not offer this feature, which may limit creators' potential to expand their income.
4. Decentralized Governance
Decentralized governance is at the core of Web 3.0, empowering users and creators to participate in the decision-making process. It ensures a democratic and community-driven management approach.
The primary goal of platforms with decentralized governance is to empower users. There are many options; Friend.tech, Post.tech, Fan.tech, Tomo, Cipher.fan, Stars Arena, Friend3, and PeopleMint all offer this feature, enabling users to actively shape the rules and evolution of the platform.
5. Fund Security
Security is crucial, especially regarding financial transactions. Violations have long been a concern, so users have every reason to expect their funds to be secure and protected from any potential threats or mishandling.
Post.tech, Friend.tech, and PeopleMint have taken steps to prioritize the security of user funds and ensure that transactions are protected. However, Tomo, Cipher.fan, and Friend3 do not provide the same level of fund security, which should deter users from risking trust by using their platforms.
Ultimately, users and creators have various platforms to choose from, each with its unique advantages and disadvantages. PeopleMint can be considered a leader, offering a comprehensive set of qualifications, including decentralized governance, lucrative referral programs, creator fee structure autonomy, an auxiliary creator gig market, and the security of user funds. While other competitors may excel in certain areas, PeopleMint is a holistic solution that meets a wide range of needs without requiring too many sacrifices. Although the choice between platforms largely depends on personal preferences and priorities, PeopleMint's multifunctional approach makes it a compelling choice for creators and users alike.
