AlgoLaunch Forum in Web 3.0
AlgoLaunch is a Web3.0 IDO platform with social-fi elements.
Through Web3.0, AlgoLaunch, which bridges user and project, provides each key parties with what they need to achieve a healthy and sustainable platform.
- To Users: Provides a platform for private investment of new projects that are difficult for individual retailers to invest in
- To Project: Provide users with a platform to promote themselves and raising funds
- AlgoLaunch: Share the revenue generated by using the platform by users with users and projects
In reality, IDO platforms have compelled individual investors to promote on their behalf in the pretext of providing a participation option for those who are unable to make private investments and reducing marketing expenses.
Users’ marketing efforts are comparable to DAOs in that they bring people together for a common goal, but this is more Web2.0 rather than decentralization.
As a consequence, we introduced the AlgoLaunch, the W2E IDO platform, a platform for mutual coexistence via the provision of genuine advantages to the community, which had previously been considered as only a PR tool.
Unless you are a full-time investor, the IDO platform is the greatest framework for creating a structure where users may write and act in the community (W2E) and earn incentives, as well as offer passive income.
We intend to combine these two platforms into a single platform that we build with users.
It will be run as a Write-to-Earn (W2E) system, with suitable benefits for community members. In the age of Web 3.0, look forward to AlgoLaunch and AlgoLaunch’s forum, which is quickly becoming a social pie leader.
W2E (Write-to-Earn) Structure of AlgoLaunch Forum
The AlgoLaunch forum is open to anybody. However, in order to profit from W2E, you must hold a NFT. NFT may be obtained by rebuilding Genesis NFT, which we will be selling shortly.
You should be aware that there are four metrics, and you may improve each one by participating in various forum activities. Each skill has an influence on not just token mining but also lottery awards utilised in the launchpad. The level of the note can also be raised with this ability. Higher stats and levels result in prizes for utilising the forum.
At a particular level or above, a pen can be linked to the note, and the pen helps to strengthen the skill. As a result, there are several alternative things that might be more entertaining than forum activities.
We are creating features that will make the forum interactive to use through various community events and activities.
A forum is a platform for people to connect and communicate. Either through posts, comments, upvotes, or following other users. Interactions with other users will improve your stat levels and reward you for your efforts.
Sustainability
What we are aiming for in the direction of the forum operation is a steady intake of community members and the expansion of the community through adequate rewards. To accomplish this, the community decides on the inflation and sustainability of the model.
Advertising and product sales are the primary sources of income for community businesses on the existing Web2.0. AlgoLaunch is projected to earn more advertising revenue as the community grows, as community incentives from projects, and as income from NFTs and products markets. The majority of this income will be utilised to burn tokens in order to keep token inflation under control. By doing so, the community’s growth will be aided by sustaining and expanding the token mining earnings of forum users.
Increase community size -> Increase advertising rewards and community incentives -> Increase revenue for forum users via token burning -> Increase community size
We will be able to fix inflation and see our forum expand thanks to this virtuous cycle structure.
We are not going to stop here. In the long run, we hope to establish a community for fields other than blockchain and expose users in the current Web2.0 community through a clear incentive structure. Please join us on our upcoming journey and keep an eye on the forum launch!
About AlgoLaunch
AlgoLaunch is a fully decentralized launchpad based on the Algorand blockchain, incubating and accelerating Algorand based new projects and startups who want to grow with the Algorand ecosystem itself. AlgoLaunch will be the first Algorand based launchpad to help Algorand based projects raise funds throughout the IDO held at AlgoLaunch, and will be a frontier for Algorand ecosystem new coming projects.
Website | Telegram Chat | Telegram Announcement | Twitter | Medium | Discord |GitBook
