Social Media Platform ChainGPT unveils Buzz System: Converting online buzz and social hype into token distributions
ChainGPT, an AI-powered Web3 infrastructure provider, has announced the launch of its innovative token distribution platforms - Buzzdrops and Initial Buzz Offerings (IBOs). These new campaign formats aim to transform how Web3 projects engage their communities and distribute tokens.
Buzzdrops are community-driven token distribution campaigns where participants can earn tokens purely through activity - posting, sharing, and completing tasks. The launch of Buzzdrops blends fundraising with organic visibility, providing an opportunity for projects to garner both financial support and increased visibility within the Web3 community.
IBOs, on the other hand, combine community engagement with early access allocations. Users can connect their wallets, post content, and climb the leaderboard to earn Buzz Points. These points are tracked on live leaderboards, and token allocations are distributed proportionally at snapshot.
The Buzz system uses a performance-based scoring system where every post, share, referral, or engagement task translates into Buzz Points. Projects can select between Buzzdrops or IBOs and set campaign rules via dashboard. Clear KYC requirements are in place for IBOs to ensure a secure and transparent environment.
Tokens and rewards are distributed via on-chain settlement, and allocations are scaled by impact on the leaderboard. For instance, the first-ever Buzzdrop, which is now live on ChainGPT Pad, is set to distribute tokens among the top performers.
The ecosystem of ChainGPT includes the ChainGPT AI suite, ChainGPT Pad, the Buzz system, and the upcoming AIVM blockchain. Notable projects like Little Pepe, EcoSync & CarbonCore, Ethereum-based meme project Pepeto, and SnowBall Finance, Ekox, and ChainGPT are already or planned to launch on ChainGPT's Buzz platform, leveraging the Buzz-system for community-driven token allocations and social hype conversion into token distribution.
By tying allocations directly to verifiable social impact, Buzzdrops and IBOs solve problems associated with traditional airdrops and Initial Dex Offerings (IDOs). These new campaign formats are powered by the Buzz system from ChainGPT, marking a significant step forward in community-driven token distribution in the Web3 space.
Users can visit ChainGPT Pad to participate in Buzz campaigns and be a part of this exciting new era in token distribution.
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