The growth of social mining in crypto industry keeps increasing and more blockchains are embracing the use of this solution as a means of community management and marketing tool for their products.
What's Social Mining?
According to DaoLabs, a project that launched one of the best social mining platform in the industry defined social mining as a multi-chain community building and governance ecosystem that consists of different areas and entities: Social Mining SaaS, DAO Labs, DAOVERSE, and Social Mining Governance.
We have seen blockchains like Polygon, Avalanche, and Kava using this solution. Also, we had projects like Orion Protocol, Injective Protocol, NEM, Elnord Network used the solution and until March 2023 when WAX Blockchain launched it's Hub via DaoLabs there is no NFT project using DaoLabs solution though Polygon & Avalanche has some NFT projects in which social miners on DaoLabs promote but the first NFT Blockchain to embrace DaoLabs social mining tool is WAX Blockchain.
What Makes DaoLabs Interesting?
As we all know, crypto incentive is one of the ways of increasing crypto and blockchain adoption and DaoLabs introduction of Social Mining is an easy way to onboard people to the space and get them started with no payment/crypto for registration.
To become a social miner and start working from home, you need to own Twitter account with at least 50 followers and connect with a social mining platform.
**[Daoverse]( is the social mining platform for DaoLabs and the last reward pool was $12,000 which all participants through execution of task and activities carried out via their Twitter account.
It will interesting you to know that, via DAOVERSE, Social Miners earn rewards in stablecoin ($BUSD) though the project has plan to launch $LABOR (utility token).
How Much Can Participants Earn With DaoLabs?
In DaoLabs community, their is no minimum or maximum a participants can earn. What determines participants earning are:
- The number of quality Tweets created following all terms and conditions.
- The numbers of interaction/engagements on the participants content.
- How many executed and approved tasks are rewarded.
Equal opportunity, meritocracy, fair rewards and wealth distribution is the bedrock of DaoLabs, therefore, earning on DaoLabs is unlimited couple with blockchains already partner with.
Let's Dive into the Blockchains
Should I say DaoLabs Blockchain? Of cos not but DaoLabs has its Social Mining Here which is DAOVERSE8
You can take advantage, and starting earning.
Avalanche Hub has been using this solution since 2021 and recorded large number of participants getting rewarded for their daily activities. Social Miners earn $AVAX after claiming their point at marketplace.
Polygon Hub joined the use of social mining to strengthen their community more and increase their social influence in the industry. This hub has drawn many to this ecosystem and also opens the eyes of many to products within Polygon ecosystem. The participants or contributors on this platform earn $MATIC and you too can join.
Kava Hub is the fourth hub after DAOVERSE launched in March 2022. The growth of Kava Network can be traced to Kava Rise incentives program for DeFi Dapps set to build on Kava Network and the use of Kava Hub helps the community in creating awareness about products within Kava Network. All participants on Kava Hub receive their rewards in $KAVA.
WAX Hub is the latest hub released in March 2023. This is the first hub forcing on earning multiple rewards. Participants can earn badges (Different NFTs) and $WAXP. I understand that you need Honeycomb discord NFT to activate your access on WAX Hub discord, I enjoy you to join DaoLabs Discord and you get free NFTs for your access into WAX Hub. Tag Samest#8295 when you enter the discord server.
On last thing, DaoLabs is preparing for one year anniversary of launching social mining and will be good to see you joining in this celebration. There are upgrades revealed by the core team towards the celebration and all the details of this upgrades can be found on this article.
DaoLabs Reveals 3 Features & Opportunities
For further information about Social Mining or DaoLabs get them through official links below.
Website | Documentation | Twitter | Telegram
Posted Using LeoFinance Beta
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It's an interesting concept of aligning incentives and fairly distributing rewards. I've never heard of social mining before, thanks for this educative post :)
Thanks for checking this out. Should you have any question on it, do well and ask
Posted Using LeoFinance Beta
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