25 Nov 2021 · 3 min read

Crypto Social Platforms on the Rise: 3 Solutions to Try Right Now

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Despite their potential in this field, crypto and blockchain technology haven't yet disrupted the social networking space.

However, as cryptocurrency adoption surged rapidly in the past few months, digital asset-focused social platforms have gained some traction. This paves the way for them to challenge the dominance of tech giants like Facebook, Google, and Twitter on a market that is expected to reach nearly USD 950 billion by 2026.

In this article, we have collected three excellent crypto social platforms you can try right now to connect with fellow blockchain hustlers.

Let's see them!

1. Hive

Pros:

  • Large active community of crypto users
  • Fast-growing ecosystem of dApps
  • Coin rewards for posting quality content and active engagement
  • High-speed blockchain network

Cons:

  • Fork project
  • The complexity of the ecosystem may discourage users who are unfamiliar with crypto

Hive is one of the most established social networks in the cryptocurrency space that launched as a community fork of Steemit after Tron's acquisition of the popular blogging and social media website.

Since its launch in February 2020, Hive has become a leading crypto social networking platform, featuring nearly 700,000 monthly active users as well as a fast-growing ecosystem of dApps.

Its core solution, Hive Blog, rewards users for active engagement and posting high-quality content in the native Hive Dollar (HBD) stablecoin that powers the ecosystem alongside the HIVE token.

Its growing ecosystem and active support from the community allowed the project to transform from a crypto blog network to a full-fledged social ecosystem that operates on a high-speed, scalable, and robust blockchain built to host Web3 applications.

2. BitClout

Pros:

  • Fast-growing community
  • Familiar interface based on Twitter's design and functionalities
  • Ability to receive content tips and launch own coin
  • Based on a blockchain designed to host dApps and decentralized social networks

Cons:

  • Brief market history
  • There aren't many additional crypto-themed features other than core Twitter functionalities

With its public release launched in March 2021, BitClout is basically the decentralized version of Twitter as it utilizes the same design and features but without a centralized authority exercising control over the social network.

Operating on DeSo, a highly scalable blockchain network designed to host decentralized social networks and dApp, BitClout had around 300,000 users on its platform in late June, which is a good achievement considering its short market history.

In addition to retaining basic functionalities like following, commenting, liking, and reclouting from Twitter, BitClout has an interesting feature that allows creators to launch their own coins, which others can buy and sell via the social network.

Furthermore, while users can send crypto tips to content creators, they can own a piece of BitClout by purchasing the DeSo blockchain's native DESO token.

3. Blockster

Pros:

  • Fast growth
  • Unified platform to access a wide variety of crypto content
  • Connect with over 500K+ crypto enthusiasts and 200+ businesses
  • Deflationary native token with revenue-sharing benefits

Cons:

  • It's in an early-access phase; full public release can be expected in Q1 2022

While Blockster is the new kid on the block, it has grown exponentially since the launch of its testnet in July 2021. The project secured over 200+ business partners and more than 500,000+ users on its waitlist before its public launch in Q1 2022.

Blockster describes itself as the all-in-one content platform for crypto, where you can source all kinds of information related to digital assets. At the same time, as it will be open to the public soon, users can create an account at Blockster to join their communities as well as connect and interact with fellow blockchain hustlers.

Launched by a big team of professionals that founded the zero-commission digital asset exchange Digitex, you can find everything you need on Blockster, from fresh news and opinion pieces to educational articles, tips, tricks, and strategies to earn coins, and regular video content.

At the same time, you can track the coins in your portfolio in real-time via the Blockwatch aggregator, connect with the teams behind the projects, read high-quality content from over 150+ industry writers and thought leaders on Blockdesk, follow and interact with your favorite blockchain businesses, and much more.

Most importantly, crypto projects can avoid the blanket bans of traditional social media networks to target high-quality audiences on the self-serve advertising platform Blockster Ads.

Blockster is powered by its native BXR token, which will soon be fully integrated into the project's platform to be utilized as the medium of exchange for all transactions (e.g., user-to-user transfers, marketplace orders, and advertising payments).

Interestingly, while BXR has a maximum supply of 100 million coins, the project burns 5% of BXR spent on ads to facilitate a long-term price appreciation for the cryptocurrency. At the same time, Blockster shares 20% of its advertising revenue with BXR stakers.