In the ever-evolving world of digital communities, SO-COL emerges as a groundbreaking platform, revolutionizing how creators and brands engage with their audiences. By leveraging Web3 technology and NFT gated communities, SO-COL offers a dynamic and decentralized solution tailored for a wide range of community leaders, including influencers, musicians, artists, and more. Whether you're looking to foster deeper connections or introduce innovative offerings, SO-COL provides the tools and white-label services needed to thrive in today's digital landscape. Dive in to learn how SO-COL can elevate your community management experience.

What is SO-COL?

SO-COL is a community management platform that helps creators and brands engage with their audience through NFT gated communities. Our platform is designed for all community leaders, including influencers, musicians, artists, instructors, and interest groups. SO-COL also provides white-label services for brands who want to offer NFTs and new offerings to their customers. We work with partners in consumer tech, F&B, entertainment, and more.

SO-COL Token Market Data

Understanding the market data of the SO-COL token is crucial for potential investors and users. Here are the key statistics:

• Current Price: $0.0028
• Market Cap: $0.00
• 24h Price Change: 5.12%
• 7d Price Change: 20.53%
• 30d Price Change: 44.11%
• 24h High: $0.0029
• 24h Low: $0.0026
• All-Time High: $0.0829 (2023-02-14T15:17:00.000Z)
• All-Time Low: $0.0009 (2023-08-19T06:03:00.000Z)
• Circulating Supply: 0.00
• Total Supply: 135,500,000.00

Purpose and Utility of the SO-COL Crypto Token

Solving Community Management Challenges

The SO-COL crypto token is the native utility token of the SO-COL platform, an all-in-one community management social platform built on Web3 technology. The token serves as a tool for creators, brands, and communities to collaborate, connect, and grow together, leveraging the power of Web3 and non-fungible tokens (NFTs).

The primary purpose of the SO-COL token is to provide access to specific services or products within the SO-COL blockchain ecosystem. It enables users to perform actions on the platform, such as swapping tokens on decentralized exchanges (DEXs) or participating in decentralized finance (DeFi) activities. The token also serves as a means of rewarding users of the platform or paying out interest to those who deposit funds that the platform lends out to borrowers.

Unique Features and Benefits

The SO-COL token stands out due to its unique features and benefits:

• Access to Premium Features: Users can access premium features and exclusive benefits within the SO-COL ecosystem.
• Incentive Alignment: The token promotes incentive alignment by creating demand through the value it brings to users and participants.
• Staking: The token is used for staking, which helps secure the network and validate transactions.

In summary, the SO-COL token is a utility token designed to facilitate interactions, collaboration, and growth within the SO-COL community management platform. It addresses the challenges of traditional centralized platforms by providing a decentralized solution that empowers creators, brands, and communities to interact, collaborate, and grow in a trustless environment.

Tokenomics and Distribution Model

Total Supply and Circulating Supply

The total token supply of SO-COL is 135,500,000 SIMP, which is also the circulating supply. The maximum supply of SO-COL is 1,000,000,000 SIMP. The circulating supply of SO-COL is 135,500,000 SIMP, which is the number of tokens in circulation and available for trade in the market.

Distribution Model

The token distribution model for SO-COL involves the following allocation:

• 5.00% for Staking
• 5.00% for Marketing
• 6.67% for Investors
• 4.17% for Treasury
• 6.67% for Advisors
• 1.33% for Other Stakeholders

This distribution model aims to incentivize participation, decentralize the network, and raise capital. The SO-COL token distribution model is designed to follow the tokenomics design principles.

Vesting Periods and Lock-Ups

The SO-COL tokenomics are designed to ensure that team members stay committed and work towards the project's best interests by releasing tokens over time. However, the specific vesting periods, lock-ups, or release schedules for tokens held by various parties are not explicitly mentioned in the provided source.

Mechanisms to Control Inflation

While the specific mechanisms to control inflation are not detailed, common methods include token burning and staking rewards. Token burning reduces the circulating supply, while staking rewards can lock a percentage of the total supply out of circulation, potentially having a deflationary effect.

The Team Behind SO-COL

Core Team Members

The SO-COL crypto token is founded by crypto influencer Irene Zhao, who also serves as the CEO of the platform. The project has received funding from notable investors, including Blockchain Capital and DWF Labs, which led a $1.5 million round in March 2023. DWF Labs has also backed over 15 startups in the Web3 space, including Conflux Network, Orbs, and Synthetix.

Advisors and Partners

SO-COL has onboarded about 300 creators and aims to attract more with SIMP tokens and cash incentives. The SIMP token was listed on KuCoin in January 2023 and is planned to be listed on more exchanges, including Binance, OKX, ByBit, and Bitget.

Track Record and Vision

The team's track record includes successful fundraising for SO-COL. The platform has raised a total of $6.25 million, with $1.75 million in seed funding in February 2022, $3 million in a round led by Blockchain Capital in May 2023, and a recent $1.5 million round backed solely by DWF Labs. The team has also been expanding the platform's capabilities, with plans to go multichain and support more Layer 1 and Layer 2 blockchains, including Starkware.

Conclusion

SO-COL is revolutionizing community management by leveraging Web3 technology and NFT gated communities. The platform offers a decentralized solution that empowers creators, brands, and communities to interact, collaborate, and grow in a trustless environment. With a robust tokenomics model, a dedicated team, and a clear vision, SO-COL is poised to make a significant impact in the digital community space.

Whether you're a creator looking to deepen your connection with your audience or a brand aiming to introduce innovative offerings, SO-COL provides the tools and services needed to thrive. Join the SO-COL community today and experience the future of community management.