App in BETA Guide
This is a brief guide on how to get the best experience using the Social Market app in BETA.
Last updated
This is a brief guide on how to get the best experience using the Social Market app in BETA.
Last updated
For a more general understand of what Social Market is, please refer to The Vision in our documentation, as this section reviewed how to use the app and covers some of its features.
Social Market is a social finance (SocialFi) app that allows creators, artists, entrepeneurs, and anyone inbetween to grow an audience and get investments similar to investing in a company through their stock. Social Market uses the DeSo blockchain to provide all users a decentralized social experience in mobile devices, later available as a google chrome extension.
Currently, the Social Market mobile app allows immediate and convenient access to DeSo from your mobile device. Some of the main features include:
Social media, as we know it, is heavily dependent on traditional Web 2.0 concepts like centralized infrastructures, companies, and cloud providers. This brings a plethora of problems like censorship, propaganda, data breaches, privacy violations, server outages, and so many more. While most users do not necessarily care, this is something that we believe should not be an issue in 2024 and beyond. By choosing the DeSo blockchain, users can have a similar experience to Twitter/X, Threads, and other forum based social apps, but with a heavy emphasis on decentralization and security.
In Social Market, users can create posts, threads, blogs, videos, images, and just about anything you can already do on other social platforms. The biggest difference is that all content does not go into a centralized server, but in the DeSo blockchain, where Social Market and others are running nodes to keep the blockchain validated, running, and decentralized.
Currently, some social apps are enabling ways for users to directly earn from their followers through features like tips or gifts. Social Market, being in the blockchain, is a money native system and enables several ways to get monetized from day one of having your account. The biggest and most convenient way to start earning on-chain is through tips, but we call them diamonds.
Diamonds can pe provided to content found on your social feed. One can start earning most of their income in the app based on how often they create content that entices their audience to leave them a token of appreciation. This in turn causes the audience to be more careful about how they engage on the platform. As far as the monetary value of diamonds go, it entirely depends on how many diamonds a user can leave, where one diamond is worth a penny, and up to six diamonds can be worth several tens of USD.
As this is a core feature from the DeSo blockchain, please refer to link for a more in-depth guide:
Many crypto-based apps heavily depend on transactions. Although CoinClick isn't very different, our fees are among the lowest in the crypto industry. This is not only intentional on behalf of CoinClick, to provide all users a convenient and affordable alternative to that of popular apps like MetaMask and Phantom wallet. The biggest reason why we believe fees should be lower is because all content created in the DeSo blockchain comes with a fee, where fees for creating content on-chain go as low as $0.0000017 USD. While this is already enticing for someone already familiar with the blockchain space, it does not end there. All other monetary transactions are as low as 0.89% of the transactional value, which means, if someone is sending themselves or someone $10, then they will be charged an additional $0.089 USD as a transaction fee.
Where some other apps charge fees as high as 10% or even 15%, this, of course, does not inlcude gas fees, where in the Ethereum blockchain has reported after the merge gas fees as high as 86.6% in 2023 to 7.75% in 2024, which other providers will include a higher fee ontop of that. CoinClick takes no more than 2.99% of a transacitonal fee, while those transactions take place in the DeSo blockchains where gas fees are generally as low as $0.00001 USD.
Today, if anyone wanted to create content on popular platforms like Youtube, Twitch, or even Twitter/X it would take a considerable amount of time to get monetized; in some cases, it might take years of consistent work. This means you as a creator would need to treat it as a full time job without pay for an unclear amount of time where iit could take months to years depending on the case.
CoinClick believes if your work, art, or content is worthy enough of getting monetized, then you can start earning for it the moment you upload in the app. There are several ways to get monetized in CoinClick through DeSo, but what makes this better already is that there is no need for you as a creator to grind the algorithm and to consistently work on uploading content as a full time job. A viral post in traditional social media can be worth a lot more in CoinClick. While there is almost 5M+ users as of the writing of this guide (August 2024) the more users this ecosystem and platform gets, the more earning opportunities you get.
In the past, one could one raise rounds from investors by building a company and going through legal processes and hiring a competent lawyer to represent your company in the best possible manner. Today, you can start fundraising for a project, business, or any craft through Creator Coins.
Creator Coins are a first of its class tool and utility token based on the DeSo blockchain that represents an account created on CoinClick and in the DeSo blockchain. As people already use social media to represent their businesses through a business account or a personal account for a project, CoinClick enables you to have one account on-chain and you can not only create content but fundraise from your followers.
As Creator Coins are a core feature from the DeSo blockchain, please refer to this guide for more in-depth guide:
In other finance apps, users are often required to have a specific threshold of money available to be able to withdraw in order to make an earning. In most cases when it comes to fiat currency or $USD, it can take anywhere between 1-3 business days to get your money, and longer if a withdrawal takes place on a weekend.
If there is one undeniable thriving factor for cryptos and blockchains, is that transactions take as little as seconds and as long as minutes to move your money, which are heavily dependent on the network or blockchain's activity. The more individuals are engaging on-chain, generally the longer it takes to get your money. In CoinClick, transactions are almost immediate soon after the sender approves the transfer, and same applies to withdrawals.
CoinClick does not only provide all users a self-custody wallet with all their earnings, meaning we do not hold a user's seed phrases or have any access to their account, but users also have access to all their money in that same day.
The most secure aspect to blockchains is end-to-end encryption, especially when all messages and group chats are on-chain. You read that right, for the first time ever, all messages between users are strictly in the blockchain, thanks to the open source DeSo Chat Protocol (DCP). Just how the DeSo blockchain aligns with our values so does the DCP, which is why we chose this protocol over others like Signal, Wickr Me, and more.
Not only can you create content on-chain with your one account, but also message your friends and groups directly on-chain. Since all blockchains have some algorithm that relates to end-to-end encryption, otherwise known as asymmetric encryption, it is almost non-negotiable to give you the same security and privacy that hold your earnings to your messages and group chats.
The most convenient ways to buy, sell, or trade Bitcoin, Ethereum, and any other crypto heavily depends on more established centralized exchanges like Robinhood, Binance, Kraken, and more. At the convenience most users give up their right to self-custody and seed phrases, which in return means you do not truly own your crypto while your crypto remains in those centralized exchanges. If a centralized crypto exchange were to file for Chapter 11 Bankruptcy or scam their users, then that means all their crypto holdings in these exchanges would become inaccessible. This does not mean we have an opinion or anything against any of the companies/organizations mentioned, but we believe in giving our users true ownership and decentralization by providing all accounts and wallets made in the CoinClick app to be self-custody.
To connect to CoinClick one can either use their existing MetaMask account(s), DeSo seed phrase, Google account(s), Apple ID account(s) and/or create an entirely new account on DeSo. As of this writing (August 2024), there is no other app in the DeSo blockchain that enables users to connect from their iOS app to the blockchain using their existing Apple ID account(s).
In the end, we want to enable everyone the convenience of creating a self-custody account while giving them full access and ownership of their account.
*DETAILS COMING SOON*
*DETAILS COMING SOON*
*DETAILS COMING SOON*
*DETAILS COMING SOON*
