What is SO-COL (SIMP)

The SO-COL platform facilitates engagement between creators, brands, and their audiences by using NFT-gated communities. It caters to a wide range of community leaders, such as influencers, musicians, artists, instructors, and interest groups. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (SIMP/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is SO-COL (SIMP)
What is SO-COL (SIMP)

What Exactly is SO-COL?

SO-COL focuses on democratizing NFTs and creating a web3 social app for creators and communities. The platform aims to disrupt the creator economy by offering an all-in-one platform for creators. Here, creators can unite their communities and provide their audiences with utility-based NFTs. By empowering creators and uniting communities, SO-COL aims to unlock the potential of social collectibles and web3 communities. Furthermore, the platform leverages cost-effective and scalable technology. This enables environmentally friendly NFT minting while providing the necessary tools for communities to self-govern.

SO-COL is building the foundational technology and components needed for scalable social apps. They are also providing a user-friendly experience, and creating real-world value for digital activities. The platform aims to drive mass adoption of web3 technologies through web3 social, serving as the bridge between web2 and web3 while innovating on social practices.

How Does SO-COL Work?

At the touch of a button, content creators on the SO-COL platform can easily create custom-made artworks known as “collectables.” These collectables serve a dual purpose. They act as passes for holders to join the creators’ communities on the platform. This grants them access to a variety of potential utilities. It also serves as NFT collectibles with their own artistic value. Creators can choose which artworks to upload as collectables and can set the rarity level within each collection.

These collectables can be traded on marketplaces like Opensea. SO-COL will only collect a percentage of the platform fee for each transaction made. Fans can interact with creators within each community via public chatrooms and have the opportunity to bid for private messages with creators. Furthermore, each fan can send up to three private messages to a creator. If they want to send more, they must bid for the creator’s approval. The highest bidder receives unlimited messaging privileges with the creator for the next 24 hours.

Tokenomics of SIMP Token

SIMP Tokenomics
SIMP Tokenomics. Image from SO-COL whitepaper

SIMP token is the utility and governance token for SO-COL. It empowers holders to propose and vote on governance proposals for SO-COL. Using SIMP, users can stake their tokens in their communities to support their creators. It will also help increase exposure for the communities on the ranking board. The higher the number of tokens staked, the higher the voting weight for governance proposals. All SIMP holders are invited to participate in platform activities, including marketing campaigns and airdrops. SO-COL allocates available resources to incentivize community members based on their participation levels and improve the platform ecosystem, promoting the creator economy.

Where to buy SIMP Token

You can find SIMP Token here at MEXC! We are listing SIMP/USDT in our Innovation Zone!

What is the Price of SIMP Tokens?

SIMP token is currently trading at $0.01064 on MEXC! It has a fully diluted market cap of $10,634,915. It also has a 24-hour trading volume of $676,963. You can check the live price of their token right here!

How to buy SIMP Tokens on MEXC

You can buy SIMP Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “SIMP” using the search bar to see the available trading pairs. Take SIMP/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of SIMP you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy SIMP] to confirm your order. You will find the purchased SIMP in your Spot Wallet.

You can find a detailed guide on how to buy SIMP Tokens here.

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