By Echoke Social Token Review 2021: Should You Smash Or Ignore?
This Echoke Social Token Review isn’t of public opinion and it’s ONLY, just only what I think!
What is Echoke Social Token?
The $ECHOKE Social Token is a cryptocurrency developed on the Binance Smart Chain (BSC BEP-20). It allows you to participate in giveaways, NFTs, festivals, unique products, and other entertainment, media, and hospitality advantages.
By 2022, we anticipate that the current entertainment landscape will be shaped by the artists and companies that draw the highest audiences and those that can effectively monetize the audience by putting their fan base in the driving seat.
A universal platform capable of creating community ownership of value will drive fans’ engagement. Blockchain technology provides the infrastructure to create such a project with the concept of cryptocurrencies. With the $ECHOKE token, fans can become influencers and drive the next generation’s entertainment industry.
The global entertainment market continues to grow year over year. However, entertainment and media are multi-billion dollar industries controlled and owned by a few people at the top. On the other hand, the fans create or promote content for these industries but do not benefit due to the current ways incentives are set up.
Keep reading my echoke social token review to know my opinion
Corporations and a privileged few get most of the money, and fans are left unrewarded as mere observers. With $ECHOKE tokens powering our ecosystem, we intend to turn millions of music and entertainment fans from spectators into influencers and decision-makers.
Their vision embraces cryptocurrency and blockchain technology as an effective tool to empower active fans and transform them from passive spectators into active influencers that can promote the music and entertainment industry.
Problem & Solution
The Opportunity
The entertainment industry is limited in direct fans engagement. The current entertainment industry offers, for the most part, a transactional relationship with fans. Fans pay to listen to music, attend concerts/shows and buy merchandise without any reciprocal benefits.
While there have been attempts to activate direct fans engagement, the results have been underwhelming to a large degree. Cryptocurrencies have come to enable community ownership of value created by communities developed by fans.
When communities are built from scratch with tokens, early investors and hodlers can acquire tokens and benefit from early access to become major stakeholders as the ecosystem expands. $ECHOKE is built on a similar ideology and designed to reward early hodlers and investors.
Keep reading this echoke social token review to see my opinion
The Innovation
A token where fans can get involved and become stakeholders in the entertainment industry. $ECHOKE partners with artists, festivals, streaming apps, fin-techs, parties, hotels, clubs, and more to offer giveaways and discounts on their services. These partners are provided $ECHOKE tokens, and in return, they offer giveaways in exchange for the tokens as well as exclusive discounts on services.
Those that will hold $ECHOKE tokens are high stakeholders in the entertainment industry. They may be super-fans of an artiste, a frequenter of a party series, a massive user of a streaming app, or a combination of both. The discounts and giveaways given to these users will provide them with more benefits for less money. This entire process is made possible via the novel application of a scalable, blockchain-based token with purchasing and utility infrastructure deployed through a secure, trustless smart contract on the Binance Smart Chain (BSC) network.
$ECHOKE tokens are finite in the amount that will be issued, and as holders get incentivized, we expect more people to want to acquire the tokens. Hodlers of the token will patronize partners’ services more, which will drive the use-cases.
Backed by African Entertainment Legend Davido
$ECHOKE token is created by Omegoat and built-in collaboration with African pop superstar Davido as their first partner. They wanted our first partner to be a respected brand in media and entertainment that has cultivated a dedicated fanbase of young Africans and understands the entertainment industry.
Davido was an obvious choice in this regard and they have been impressed with his previous forays into fintech and his effect on those projects. They are undertaking a very huge task, so they need the most brilliant mind to help them put things together. David0 has one of the biggest social media presence of any entertainer in Africa and can leverage it to bring about the change we desire.
Omegoat is a Defi/Crypto project created to provide the crypto-loving public with autonomous finance products that governments cannot takedown. The $ECHOKE token is the first of a handful of projects they will release in the near future. $ECHOKE tokens are not sold anywhere.
The only way for you to get it is from their periodic giveaways on our Omegoat website (https://omegoat.com). This way, greedy rich people don’t buy up all the tokens on the first day. Only true fans (in their great numbers) can have access to these tokens and gain the benefits from them.
Echoke Social Token Review
To wrap up my echoke social token review , As at the time this was written, this is all we know about the echoke token, and since there is nothing and absolutely nothing to lose, I suggest we give it a try. The giveaway based means of earning the token is also nice. Let’s see how this project goes,
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