BitMart, a global digital asset trading platform, will list and debut Punchy Token (PUNCH) on January 31, 2023, for all BitMart users, the PUNCH/USDT trading pair will be officially available for trading at 10:00 AM (UTC).
What is Punchword ?
The PUNCH is the token of Punchword : a web 3 social media built as the next generation of user generated content apps, and considered as one of the project with the most potential in this segment.
Punchword allows users to convert their posts into NFTs and therefore to own their content (on the contrary of traditional social media where ownership is transferred to the platform). Punchword allow better monetization with direct connection between creators and advertizers and via what the founders call “Viral Campaign” : big campaigns involving many creators and challenges.
The beta version of Punchword has already more than 250,000 downloads on the App store and Google Play Store and the version 1 will be released by the end of February 2023.
The decentralized project has been included in a “High growth potential” program by Google and could become a great tool of adoption.
The Punchy Token (PUNCH) is the transaction token of the platform and has a great growth potential of development regarding the size of what we call the Creator Economy. This listing on Bitmart is the 1st listing of the PUNCH, built on the Fantom opera chain.
Nftization : own your content
One of the main feature of Punchword is the NFTization of content, allowing creator to turn their posts into digital asset and to monetize them directly. NFTs sales will occur directly from users or in the “viral campaign” framework. In these viral campaign challenges, advertizers will launch challenges and buy the content with the most interactions.
Thanks to an integrated wallet, NFT creation will become easier even for users with no crypto knowledge. In addition, a post to earn function will be released soon to share revenue from advertising with creators.
Many features for Creators
Built for creators, the app will regularly offer them tools to create content : inspirational quotes, meme factory, debate platform…
To compete with traditional web 2 platforms (Instagram, Tik Tok) the swiss social media plan to make his community vote for the new features to develop regularly. Governance right will be awarded according to the number of token hold (which constitutes an efficient way for generating long term holders, together with the staking yield).
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The Punchy Token is Punchword’s governance and transaction token. It has the ambition to become the currency of the Creator Economy. It will allow :
- Content Monetization
Punchy Token allows creators to monetize their creation via NFTs sales
- Viral Campaigns
Brands and advertisers can launch viral campaigns with hundreds of creators
Punchy holders will be able to vote for the platform rules and next features
Staking and liquidity farming will provide High Yield rewards for Punchy tokens holders.
The initial price (cf. tokenomics) has been set to allow early investors to benefit from a very high return from their tokens. Long-term holders will also have a central role in Punchword’s governance.
To learn more about Punchword, please visit their Website, follow their Twitter, and join their Telegram.
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