Acorn Protocol, a blockchain-based platform, addresses SocialFi's user retention challenges by allowing efficient collaboration and fair compensation for users

SINGAPORE, January 17, 2023 /EINPresswire.com/ -- SocialFi is a decentralized platform that merges social media and decentralized finance to create a secure and transparent ecosystem for users. It aims to allow users to have control over their data, freedom of speech, and to monetize their social media presence.

However, it is currently facing the challenge of finding a sustainable economic model to maintain user engagement on its platform, as the current user acquisition model may lead to a decline in popularity and shortened lifespan for the project.

Last week, the Acorn Protocol was officially launched with the goal of establishing a trustless, global labor market using blockchain technology. In this interview, the founder of the Acorn Protocol, Brian Cheong, discusses how their platform aims to address the challenges faced by SocialFi.

Interviewer: How does the Acorn Protocol address the challenges?

Brian Cheong: The Acorn Protocol is a decentralized platform that uses blockchain technology to create a global labor market that allows for collaboration between employers and workers, and between workers, without any physical, regional, or associative restrictions. The "Action-to-Earn" model allows for the exchange of large-scale labor as a product, where value can be realized through various forms of activities. By building a trustless platform for global labor, it enables efficient collaboration between employers and workers and fairly compensates users for their work, making it a potential solution for challenges of user acquisition and retention faced by SocialFi.

Interviewer: Can you give an example of how the Acorn Protocol can be used?

Brian Cheong: One example of how the Acorn Protocol can be used is through partnerships with external brands or lifestyle apps that provide opportunities for users to engage in activities that create value. For example, a company could use the Acorn Protocol to promote their brand by offering users rewards for completing certain tasks, such as writing reviews or creating content about the company's products. This not only attracts new users to the platform but also provides them with a way to earn rewards for their activities.

Interviewer: What's next for Acorn Protocol?

Brian Cheong: we are constantly researching and developing new ways to utilize our platform and technology. We are also looking to expand our partnerships and collaborations with other companies and platforms in the space to bring more value to our users and continue to drive innovation in the blockchain and decentralized finance space.

To learn more about the Acorn Protocol and how it can benefit your business, you can check out at website or at the Acorn Box on App Store and Google Play. The full white paper can be accessed now.

Anna QI
Acorn Protocol Team
hanting@ttc.eco
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