Is SocialFi the future of crypto? One SocialFi platform invites users to stay ahead of the curve

What’s the next big thing in crypto? It might well be Web3 SocialFi, a new paradigm that addresses the limitations of Web2 platforms by offering decentralized, user-driven interactions and ownership.

Pulse, an emerging SocialFi platform, seamlessly integrates trading and social experiences on Ethereum layer 2, providing advanced security while evangelizing community engagement.

Navigating Web2 social platforms has been nothing short of a battlefield for users and content creators alike. Centralized entities wield absolute decision-making power, resulting in changes that often neglect the broader community’s needs. Profit distribution is skewed, with platform owners enjoying the lion’s share of revenue while creators who generate the platform’s actual content receive minimal rewards.

Additionally, data lock-in restricts users’ control over their personal information once uploaded, compromising privacy and security. These platforms’ closed ecosystems further confine interactions and content, forcing users to jump between different platforms to turn their trading insights into tangible actions. The struggle is real, but the tide is turning toward a more decentralized, user-centric future.

Web3 SocialFi: A solution to Web2 challenges

Web3 SocialFi has emerged as a compelling solution to these persistent problems. With 8.7 million users and 550,000 active participants, SocialFi is witnessing significant adoption and engagement. Decentralized social network Farcaster, for instance, boasts a $1 billion valuation, reflecting strong investor confidence in this burgeoning market.

Addressing the issues of traditional social platforms, Pulse has emerged as a decentralized hub for traders that merges social and trading experiences into a cohesive real yield protocol. The project stands out as a community-driven platform, democratizing investment information and making it accessible to everyone.

Pulse stands out from the rest with several key features:

• Unified trading and social platform: Pulse seamlessly integrates decentralized and centralized trading into one social platform. Traders can find everything they need without switching between platforms, saving time that can prove to be crucial when dealing with volatile markets.

• Web3 community: Users are free to join groups led by verified leaders and access high-quality content, research, news, new project discoveries and trading strategies in one place. With a single click, traders can execute trades based on community-vetted strategies.

• New asset discovery: Pulse communities can create and discover new assets, such as Meme tokens, Inscriptions and Runes.

• Built for the masses: 65% of project tokens are allocated to the community, allowing participants to earn the platform’s native PULSE tokens by completing simple tasks, engaging in group chats and participating in bimonthly token airdrops.

• Network validation: Group owners can become network validators to earn rewards. With this feature, group owners can earn commissions from the community’s staking rewards and help verify network data.

Enhancing user experience with technical features

Users can engage and build social status within the Pulse groups, participate in decentralized autonomous organization (DAO) activities and enjoy mini-games for rewards. The community offers live chat rooms for member interaction, similar to Telegram, but with enhanced decentralized management tools.

Private groups are possible because group owners can set entry criteria based on wallet net value, token amount or entrance fees. Decentralized moderation encourages open dialogue, as members can apply to be moderators in groups exceeding 100 users. If their communities approve of their work, these moderators receive additional PULSE token rewards.

High-quality content, known as Casts, are constantly being shared within Pulse groups. Casts offer features like allowance tipping, following trending signals for investment insights and sharing profits and losses with the community.

Pulse will enhance its Cast structure to include trading, minting and buying NFTs, governance voting and donations. These functions aim to boost network activity and revenue, benefiting the community. Members can also create their own actions for others to interact with.

Other user-focused features include decentralized identifiers (DID) for secure authentication and referral rewards and fan tokens for unique benefits. 

SocialFi hub for Web3 enthusiasts

Pulse currently boasts an active user base of over 100,000 participants, with a dynamic community of more than 400 groups established by traders. The platform sees vibrant daily activity housing over 3,000 Casts posted each day.

Crypto influencer Ben Armstrong was the first to launch his fan token on Pulse, driving a 21,700% increase for holders and reaching a new all-time high. Abel Sohajda, Head of Pulse, commented on the engaging environment:

“Our platform fosters a vibrant community where users can engage with verified experts, access cutting-edge research and implement community-vetted strategies with ease. With upcoming milestones such as wallet integrations and the launch of our explorer, staking becoming live, testnet validator onboarding, client network deployment ensuring data consistency and the imminent mainnet launch, Pulse is poised to lead the future of SocialFi. We welcome traders of all expertise to join us in shaping decentralized social trading” 

Pulse has an ambitious and active roadmap with significant updates scheduled nearly every month. Investors and users can anticipate exciting developments in the near future.

Pulse’s roadmap. Source: Pulse

Stay informed with the latest updates and join the vibrant Pulse community on X and Telegram.

By addressing the shortcomings of Web2 platforms, Pulse showcases how blockchain technology can enhance security, ownership and engagement. With its innovative features and active community, Pulse has the potential to lead the next big narrative of SocialFi, driving adoption and innovation in the Web3 space.

Download Pulse on the App Store and Google Play.