Phaver Announces the Launch of Its Native Token $SOCIAL, Designed to Capture and Redistribute Value to Its Users

With over half a million users, Phaver is the first mature app in the ecosystem to launch a native token. Premarket is now live on Aevo, with spot listings across exchanges next week.

Social multi-protocol app Phaver has announced the launch of its native token $SOCIAL, designed to reward users for their contributions and value creation. The token will be available on multiple exchanges, including Bybit, starting September 24th.

Phaver, which combines the best elements of DeSoc and SocialFi, has also launched its second NFT collection, Cred Passes. These NFTs are mintable on OpenSea until TGE and provide the most efficient way to reach and hold higher Levels on Phaver, unlocking more tokens in the monthly redemptions.

Phaver’s unique approach to social media enables free and seamless posting on both Lens and Farcaster, helping users to back up their social graph and content in places where they own it. SocialFi, in turn, offers a novel way to gamify the experience, making it faster and easier to grow an audience, while fairly rewarding the best contributors with real value, not just exposure or Karma.

After building the DeSoc features and becoming the largest app on Lens and the largest 3rd party app on Farcaster, Phaver is doubling down on SocialFi following the token launch. Soon, users will enjoy gasless experiences using $SOCIAL inside the mobile app, featuring a built-in wallet for use cases such as tipping, gated content, gamified boosts, and item collection. Near-future updates also include a Web3-era ads model in partnership with Spindl.