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

What do you think of Web3 social ads with built-in token buybacks? Write your feelings in comments 👇🏻

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I think this is a game changer. Most web2 social revenue are generated from ads and of course they rarely share these earnings with users whose data and content is the true source of the revenue.
But @phaverapp is here to do things differently. With every buyback, the token price is positively affected. If the tokens are burnt, then supply decreases and price increase... a win win for Phaverians and $Social holders.