Is phaver on chain socialfi?

No

Does faver have DAO following their token voting power?

No

Can we delegate our token and elect validator?

No

Are they continuously saying "we are competing with Instagram" ?

Yes. Regularly

Why we need blockchain and decentralization?

?

Listen to me.

Staking is the most basic for Web3

Think they will open token delegation to creators soon, which helps improve creator and staker's multiplier. It's in their fact sheet.

The higher you stand, the further you can see.

That seems like a promising feature as a social app. Good creators and sharp stakers get more tokens and are hence motivated.

A few creators and sharp stakeholder will monopoly the token
Decentralized app needs more people not a few creators

The current point rewards (by phaving) favor trending creators, too many or too few phaves result in little rewards. Those in the middle get much more. You will see that when you start phaving. And 80% points goes to the users, creators get only 20%. If they continue a similar logic in creator staking, such monopoly won't happen.