Acorn Protocol: A Decentralized SocialFi Platform with Action-to-Earn Model, governed by a DAO, allowing everyone to participate

SINGAPORE, February 14, 2023 /EINPresswire.com/ -- SocialFi has gained popularity recently due to its innovative approach to monetizing the engagement. Built on blockchain technology, it aims to provide a more equitable, fair, and decentralized platform. With the rise of Web 3.0 technologies, SocialFi is well-positioned to play a major role in the future of the digital economy.

What is SocialFi and its future all about?

SocialFi is about monetizing engagement through the use of social tokens. By introducing the concept of social tokens and in-app utility tokens, SocialFi projects act as natural traffic hubs, providing new and innovative ways to incentivize and monetize engagement and solving the problem of traffic collection. The main challenge facing Web 3.0 businesses is conversion, and in the future, we will see more and more SocialFi or Web 2.0+Web 3.0 integrations.

What is Acorn Protocol?

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. It can be used in a variety of scenarios, including global promotional activities, where it can help companies promote their brands, products, or ideas on a global scale.

How does the Acorn Protocol differ from other SocialFi projects?

The Acorn Protocol utilizes the "Action-to-Earn" model, which is different from the "Read-to-Earn", "Sing-to-Earn", or "Write-to-Earn" models. The "Action-to-Earn" model enables large-scale labor to be exchanged as a product, with the value being realized through various forms of activities. The results of these tasks are verified by the platform through cross-checking between workers, and rapid feedback is given with rewards or penalties based on the results. Rewards can be distributed to workers in real time in the form of liquid tokens.

How can everyone participate in the Acorn Protocol?

The Acorn Protocol is a decentralized platform governed by a DAO (Decentralized Autonomous Organization), which allows everyone to participate in the platform. This DAO governance model enables the community to collectively make decisions on the direction and development of the platform, ensuring its long-term success and sustainability.

To learn more, check out their website or download the Acorn Box app on the App Store and Google Play. The complete white paper is also available for review.

Anna QI
Acorn Protocol Team
hanting@ttc.eco
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