Social Tokens: The Economy of You | The Generalist

The Creator Economy - is starting its transition to the Community Economy. The Community Economy – enabled by cryptonetworks and social tokens – incentivizes early followers to use their underutilized skills and assets to support a community or individual. A quick thread 👇🏻

A jpeg promises a jpeg, sitting in the static 1s and 0s of the present. But a social token promises whatever opportunity people want it to signify. As Tina He intimates above, a social token is literally the right to a dream.

Creator coins are a new type of asset class that is tied to the reputation of an individual, rather than to a company or commodity. They are truly the first tool we have as a society to trade "social clout" as an asset. If people understand this, then the value of someone's coin should be correlated to that person's standing in society.

-Startups have always had the ability to raise vast sums of money with promises of future profit: a decent diagramm on a napkin might solicit $2M from VCs in actual capital as well as an additional $10M of phantom capital known as “equity” for a $12M valuation. Social tokens allow anyone to raise this way without needing VCs to dictate terms. And i... See more

While their forms and functions vary, the common ethos behind social tokens is that they align participants behind a collective mission through participation or ownership.