xHashtag – Solana’s First Community Accelerator DAO
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
DAO service provider, xHashtag has announced its community accelerator program for web3 projects on the Solana network. An upsurge in activity within the crypto ecosystem has led to a rise in Web3 projects. Many of these projects are useful and have great potential. However, market visibility and sustenance is a major challenge. This often dwarfs the growth potential of the projects.
It is this exact problem that xHashtag seeks to solve. Using its community bootstrapping tool that accelerates project growth, xHashtag offers Web3 projects a platform to actively curate and build their community. With xHashtag, Tech developers don’t have to worry about community building anymore. Instead, they can focus on building the product.
xHashtag will help these projects grow their user base by offering incentivized microtasks to the users. These tasks can help convert the users into long-term supporters of the project.
“Blockchain technology as we know today is democratized and building great products is not difficult, but getting users is the most difficult challenge that is faced by any blockchain project, in fact any product in the world. At the same time, there are a lot of people on this planet who have access to the internet and are actively looking for new avenues to earn crypto, not by investing capital, but time. That’s the reason why we are building xHashtag, a win-win solution for both projects and users” — said the CEO of xHashtag, Monica Durga in an interview.
Users interested in a Web3 project can complete simple on-chain/off-chain tasks that contribute towards the project’s success. In exchange, members of the community receive target project’s tokens as rewards. Users can also stake the project tokens and earn a reward multiplier, creating a demand and brand new utility for the project tokens. The result is a win-win situation for everyone.
xHashtag has experienced tremendous success. In just a little while, they have built a strong community by running their Proof Of Concept (over 100k members in Telegram and Twitter). After raising USD 2.6 million through a private seed round in order to develop the infrastructure to support projects across multiple blockchains, xHashtag completed its IDO on 27th November on SolRazr. More so, the XTAG token will start trading on the 30th of November.
The first community accelerator DAO on Solana has partnered with several investors including KuCoin Labs, Gate.io Labs, Exnetwork Capital, 18 Ventures, ZBS Capital, Chain Capital, Panda Capital, CSP DAO and Titans Ventures to mention a few. Their native token, $XTAG, is expected to trade on well-known cryptocurrency exchanges including kucoin.com and gate.io.
xHashtag believes in the concept of Future of Work where digital platforms play a major role in shaping how work is executed. This digitization would cause most traditionally established structures such as fixed work location, fixed work hours, and organizational hierarchies to become redundant and obsolete. The xHashtag DAO is designed in such a way that users can add new task levels ensuring scalability.
About xHashtag
xHashtag.io is a decentralized valuable infrastructure for projects to grow their community and user base. It is built on the Solana network and can help projects increase the number of on-chain and off-chain activities taking place with regard to their platform. By completing these tasks, users earn crypto rewards in the form of project tokens.
Projects can leverage community talent to accelerate community growth by rewarding valuable actions in their own $tokens with optional vesting to balance sell pressure. xHashtag offers unique benefits to both the user and the project owners. For the user, xHashtag offers a way to earn rewards for completing tasks. For the project, it presents a way to effectively achieve a wide token distribution with high ROI by building a community that constantly propels the project’s on-chain and off-chain activities.
Media contact
Twitter – https://twitter.com/xhashtagio
Telegram – https://t.me/xhashtagio
Medium – https://medium.com/xhashtag
Linkedin – https://www.linkedin.com/company/xhashtag/
Discord – https://discord.com/invite/XBvvmuCTgY
Website – https://www.xhashtag.io/
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
