phaver

Phaver and Spindl Launch Web3 Social Ads with Token Buybacks

As the first of many initiatives to boost $SOCIAL demand, we are soon rolling out Web3 ads tied to token buybacks. To start, 50% of all ad revenue is used to buy $SOCIAL back from the market to equally reward all holders.

This model boosts additional demand for the token and provides longevity for the reward economy, as the buyback tokens will either be burned to decrease token supply permanently when needed, or redistributed to users during periods of faster user growth to ensure the economy is balanced. We do not use any invasive tracking for the ads; they seamlessly blend into the feed and can also be opted out from with Points or $SOCIAL after the pilot.

The ads are powered by Spindl and only use public blockchain data to improve relevance.

Read Article: https://x.com/phaverapp/status/1846184441384710479

I spent years selling ads for Google and Facebook that track your every move and pay none of the revenue back. Phaver is doing things in a way that benefits everyone and spies no one.

CEO at @phaverapp, the gateway to Web3 social and largest app on Lens Protocol, now also on Farcaster

Congrats, it’s an obvious and logical next step towards making the platform revenue generating and also for the users/community. 

Btw, is it too much to ask for dashboard to show the ads/revenue/buyback data transparently? Just a thought tho

Let’s see what form we get it in, will definitely do some updates once the revenue flows in