RADIO LIFE - TOKEN ECONOMICS

SoFi: When DeFi Meets Social Networking

Social Finance (SoFi) is our view of where blockchain technology can revolutionize payments for social networks. At Radio Life Social, we are building a SoFi toolkit of decentralized financial primitives that are optimized for social networking.

Not only is it important for creators to reap the benefits of their work, it is also important that the community be able to freely decide who to promote and reward. However, SoFi takes those core principles and then sets about enabling developer creativity to add advanced custom features.

With smart contract functionality on Radiosocial, the community is able to create their own composable SoFi primitives, much like we can see in the DeFi space. The Radiosocial team started building primitives during such as tips and paid subscriptions. Tips will be available shortly after launch. In the future we hope to add pay-per-view and NFTs.

Social Tokens

Tokenize your Radio Life Social space with social tokens in order to help build and monetize your space. Your followers can co-own your space and, if desired, participate in governance. A co-owned space is essentially a DAO. This is something we will touch upon in a later section.

We have a few ideas on how social tokens can be distributed, and are still thinking about the best ways to do it.

Given the power of the RadioLstrate ecosystem, it will be possible to trade your social tokens for DOT, KSM and other parachain tokens, including stablecoins.

Stablecoins

Having a source of revenue (tips, paid subscriptions, etc.) that’s free of the extreme volatility that we see with cryptocurrencies is important. As mentioned in the previous Radio-section, this will be easy within the Radio Life Social ecosystem, as various stablecoins already exist.

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Please feel free to contact us for any support questions or business and marketing opportunities.