What are MSTs and why is everyone talking about them?
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On the brink of a new bull run, a fascinating concept is knocking on the door of the blockchain community: MSTs aim to lead the social fin narrative.
The premise is straightforward—these tokens represent different versions of influencers on the chain, such as famous athletes, content creators, or influencers themselves.
This idea complements the SocialFi narrative, which combines the best aspects of decentralized finance (DeFi) with the best of social platforms. The revolutionary concept of MSTs is generating significant traction, and we're here to tell you more about it.
MSTs: The social factor, the new trend
SocialFi looks to be the dominant narrative with the start of a bull run in the coming months. MSTs aim to set the standard by bringing social profiles on-chain.
But how do they work? MSTs are ERC-20 tokens that run on the Binance Smart Chain, enabling a sustainable economy that benefits users in the long run. Therefore, anyone can easily find different MSTs linked to different social profiles on Gamium, which acts as a kind of Uniswap, facilitating the exchange of these unique properties.
Any active user can launch their own MST or other creators who have not joined the platform. In both cases, a portion of the total supply goes to the owner of the X profile. If the creator starts MST they will have 10% of the supply. Otherwise 9.75% (remaining 0.25% for the initial asset), the remaining 90% is always available for public liquidity in the market.
Toconomics and benefits of taking MSTs
MSTs are unique, complete and defunct, and offer many advantages to holders, which we will now explain. Each MST is linked to a social profile and has a maximum supply of 1,000,000, which is continuously reduced through reduction mechanisms (burning), thereby increasing the value of the remaining tokens.
There are also many benefits to owning MSTs. The most obvious ones include:
– Gamium features a referral system that generates a 0.5% commission for every transaction made by a referral.
– Top owners (those with more than 0.25% of a given creator's MST supply) enjoy real production.
– MST holders get unique immersive 3D experiences like visiting the creator's home and interacting with them.
Social impact as a measure of value
The influence of social profiles is one of the determinants of the value of MSTs, along with other strategies such as supply or cost reduction. Within this new decentralized social narrative, which allows for the monetization of social profiles through tokenization, a more impactful, specific MST will increase.
For example, if a creator achieves global fame at a certain moment, demand for their MST may increase dramatically as new fans join their community.
Gamium: DEX of social profiles, and much more
All transactions related to MSTs are done on Gamium. In this case, the platform acts as a decentralized exchange where users can trade and exchange MSTs as well as market them. All in one place.
But there is more. In addition to being a sort of Uniswap for social profiles, Gamium also serves as a decentralized social platform with 3D environments, allowing people to connect. These features brought Gamium into the spotlight, months after it made news for a collaboration with Meta, which went viral.
Earn and socialize airdrop points
Gamium's SocialFi platform is designed not only to launch, hold and trade MSTs, but also to increase engagement for active users. The key to this is the social-to-earn system with the AirDrop points system.
The referral system is critical. Each user is given five unique referral codes to share with someone of their choice. Therefore, it is important to choose wisely who you share this gamification experience with, as the success of your referrals will positively impact your own rewards.
Referrals also play a vital role in earning Airdrop Points, Gamium's innovative gamification strategy for its most active users. In this way, the platform rewards those who show their commitment through transactions, daily activities or referrals mentioned above.
Join the beta and participate in the MST economy
Gamium's MSTs are intended to be the new standard for social media storytelling. By incorporating social profiles into the blockchain, the most active users can profit from owning their favorite profiles by trading tokens.
You need a code to be part of the Gamium beta – ask for it from your favorite content creators or in the community! Join and be among the first to be part of the MST revolution.
Join the beta here
Disclaimer: The information provided in this article is for informational and educational purposes only and is not intended to be financial, legal or investment advice.
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