FAQ
What exactly is SocialNexus?
Social Nexus is a platform that allows your favorite famous people, including musicians, artists, YouTubers, Twitch streamers, athletes, and anyone else you can think of to be the founder of a cryptocurrency token on the blockchain that represents their brand. Similar to stocks, these tokens can be bought and traded in order to invest in the founder.
How does the token founder make money?
The founder makes a small royalty from every transaction of their asset.
Upon minting the asset, the founder holds most of the shares just like a startup founder has a majority stake in their startup. They can choose to release as many shares as they want for the initial bidding process.
What determines the value of a token?
Token values are determined by the market, but we believe that the value of an asset will rise with the popularity of its founder and with the popularity of SocialNexus as a trading platform. Founders that can attract a lot of attention to their asset will see its value rise. We also anticipate that events like an album release for a musical artist or a new brand deal for a content creator will lead to an increase in price.