Social Token Standards
Gaya’s SocialFi platform employs custom token standards specifically for creator tokens. These standards ensure authenticity, interoperability, and security, allowing each creator’s token to seamlessly integrate across Gaya’s ecosystem and within external wallets or applications.
ERC-Compatible Standards: Gaya uses ERC-compatible standards (e.g., ERC-721 and ERC-1155) for social tokens, ensuring that each asset is secure, tradable, and easily integrated into other DeFi or NFT ecosystems.
Custom Metadata for Transparency: Social tokens contain detailed metadata, providing transparency about each token’s benefits, revenue-sharing model, and governance rights. This metadata is embedded on-chain, offering a verifiable source of information for fans and investors.
Cross-Platform Compatibility: Creator tokens are compatible with Gaya’s NFT and DeFi ecosystems, allowing fans to use them across multiple applications and trade them within external crypto marketplaces.
Revenue-Sharing Smart Contracts
Gaya’s automated smart contracts handle revenue distribution, ensuring that token holders receive their share without manual intervention. This trustless system enhances transparency and provides fans with timely rewards.
Automated Distribution Protocols: Revenue from sponsorships, ads, or content sales is collected and distributed through smart contracts, with predefined rules specifying distribution ratios and payment intervals. This automated process removes intermediaries, ensuring fans receive earnings directly.
Proportional Payouts and Safeguards: Smart contracts are designed to distribute funds based on token ownership. Safeguards are in place to protect against revenue manipulation, ensuring fair and accurate payouts.
Global Reach and Decentralization: Gaya’s SocialFi protocol allows creators from anywhere to reach a global audience and distribute revenue automatically, breaking down geographical barriers in content monetization.
NFT and Token Compatibility
Creator tokens and NFTs are fully compatible with other Gaya applications, including gaming and DeFi, enabling a seamless flow of assets across the platform. This integration enhances token utility, expanding the potential uses and benefits for both fans and creators.
Asset Interoperability: Fans holding creator tokens can utilize these assets across various applications within Gaya, such as using them as collateral in DeFi or trading them in Gaya’s marketplace. This flexibility enhances token value and user engagement.
Integration with Gaming and DeFi: Fans can stake creator tokens within Gaya’s DeFi ecosystem to earn additional rewards, creating an incentive to hold tokens and support creators. Similarly, NFTs linked to creator brands can be utilized within Gaya’s gaming space, adding another layer of interactivity.
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