A beginner's guide to social tokens

Social tokens can be used to represent a wide range of access rights, from a person’s time, access to an exclusive group, or partial ownership of a community treasury. Their use cases can also evolve, with more features added over time.

Shared ownership of social tokens among community members contributes to long-term value alignment. It is just the beginning when it comes to experimenting with new ways of rewarding community members for their participation and empowering community members through governance.

Another risk worth noting is that once a social token is issued and freely traded, it is subject to market fluctuations which can at times be heavily driven by speculation. This can potentially negatively impact a community. It’s important to think through how having a freely traded token can affect community morale and cohesion. There are ways to ... See more

Social tokens are tokens issued by individual creators or communities that enable community members to collaborate and share ownership in the value created together. Social tokens can be earned as rewards for contributing to the group and can be used for purposes such as granting access to a chat group or voting on community decisions. “Social toke... See more

Since a social token can be used to represent all sorts of things, there are legal questions that each creator must consider to ensure their token is compliant with regulatory requirements.