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Punchy Token (PUNCH) will be listed on Bitmart from 10:00 am UTC on Jan. 31. PUNCH is the native token of Punchword — a Web3 social media application built as the next generation of user-generated content apps and considered one of the projects with the most potential in this sector.
Punchword allows users to convert their posts into nonfungible tokens (NFTs) and, therefore, to own their content, contrary to traditional social media, where ownership is transferred to the platform. Punchword allows better monetization, with a direct connection between creators and advertisers via what the founders call “viral campaign,” which are big campaigns involving many creators and challenges.
The beta version of Punchword already has over 250,000 downloads on the Apple app store and Google Play store, with version one to be released by the end of February 2023.
The decentralized project has been included in Google’s “high growth potential” program and could become a great adoption tool.
PUNCH is the transaction token of the platform, with great growth potential in what we call the creator economy.
This listing on Bitmart is the first listing of PUNCH, built on the Fantom Opera chain.
Punchword founder at Forbes
NFTization: own your content
One of the main features of Punchword is the NFTization of content, allowing the creator to turn their posts into digital assets and monetize them directly. NFT sales will occur directly from users or in the “viral campaign” framework. In these viral campaign challenges, advertisers will launch challenges and buy the content with the most interactions.
An integrated wallet will make NFT creation easier for users with no crypto knowledge.
In addition, a post-to-earn function will be released soon to share revenue from advertising with creators.
Many features for creators
Built for creators, the app will regularly offer them tools to create content such as inspirational quotes, meme factory and debate platforms.
To compete with traditional Web2 platforms like Instagram and TikTok, the swiss social media plans to allow a community vote for the new features to develop regularly. Governance rights will be awarded according to the number of tokens held, which constitutes an efficient creation of long-term holders, together with the staking yield.
Website: https://punchword.com
Listing: Tuesday, Jan. 31 at 10:00 am UTC
Symbol: PUNCH
White paper: https://punchytoken.com/files/whitepaper.pdf
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