Introduction
Project Overview; Problem Statement; Solution.
Overview
SOTO is a Social Token designed to be an integral part of the Metafluence app ecosystem. Its purpose is to incentivize user engagement, reward participation, and facilitate various in-app processes such as profile and name changes. SOTO will also be a core component of the app's referral model, rewarding users at different process stages.
Problem Statement
Existing WEB3 platforms often lack adequate mechanisms to reward user participation, recognize valuable contributions, and incentivize users to engage with the community. This leads to reduced user engagement, low-quality content, and suboptimal user experience.
Solution
SOTO aims to address these challenges by introducing a social token that encourages and rewards user engagement, fosters community growth, and enhances the overall user experience on the Metafluence app.
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