Seoul, Korea, June 15, 2023 (GLOBE NEWSWIRE) — Debuting in May 2023, HOTTOK, the pioneering GameFi, SocialFi, AI, NFT and DAO integrated social chat platform, is at the forefront of the global SocialFi industry . Acts as an essential catalyst, spurring the overall development of the SocialFi sector. It offers users an unparalleled social experience, giving them complete creative and financial ownership of their data and content.
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As for the core team of HOTTOK, they are devout followers of Dogecoin, believing fervently in the power of community and decentralization. Their driving force behind the creation of HOTTOK has been to manifest a social software platform that genuinely returns value to the community, entitling all members to enjoy the benefits of their social engagement.
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The launch of HOTTOK not only symbolizes a new era in the plan of Web 3.0, but also ushers in a groundbreaking technological revolution in global DAO applications. User groups united by the DAO have begun to establish fan communities around the world, which currently span 20 countries, including the US, UK, Germany, France, Singapore, Japan, among others. It is estimated that its influence will exceed the mark of 100,000 users.
As a precedent, HOTTOK is the only blockchain that allows developers to construct social GameFi projects with such seamlessness that users can forget they are interacting with a blockchain. This opens doors for any developer to contribute to Web 3.0’s expansion, potentially disrupting not only the financial industry, but also paving the way to revolutionize the multi-trillion dollar GameFi industry.
As it stands today, social media is mainly controlled by a select few companies. But with the advent of Web 3.0 platforms like HOTTOK, this may soon change as these platforms begin to integrate with social apps, ushering in a new era of social media ownership and control.
Over the past three months, the search index for ‘Web3’ has increased exponentially fortyfold, indicating an increase in interest in the shift towards technological decentralization.
While centralized social networks have existed in the Web 2.0 era, the advent of Web 3.0 heralds a new phase of networks that are completely decentralized, with ownership in the hands of the community. This means that network users will not just be passive consumers, but active part-owners, who take part in the creation of value at the same time as they participate in the management and operation of the network. This dramatic shift in power from companies to users stands in stark contrast to the framework of Web 2.0. Within a decentralized network, content creators can exercise more control over their digital identities while being rewarded for the value and activity they generate on the network.
To cultivate a positive and symbiotic ecosystem, HOTTOK has introduced three different types of tokens, namely HTC (HotTokCoin), HTS (HotTokSilver) and Social_NFT. Among these, HTC, a Governance token with a total issuance of 1 billion, is employed for ecosystem management and circulation. Gamers can rely on HTC to publish their own games, creating a bridge between gamers and publishers. With the continuous rollout of phenomenally successful gaming products, HTC’s value is sure to rise in tandem.
HTS, an infinitely issued token based on specific scenarios, serves as a reward token for contributions in the HOTTOK voice chat environment. It satisfies the reward expectations of the creators. As HOTTOK’s user base continues to flourish, ensuring a balanced reward system becomes increasingly important. HTS’s design, underpinned by a traffic equilibrium mechanism, effectively reduces the potential bubble of token rewards, thereby preserving the orderly progression of the HOTTOK ecosystem.
As for Social_NFT, this is a particularly prominent and unique design, with an origin number from 2000, it serves as a proof of ownership within the HOTTOK social ecosystem. It has a number of beneficial functions, such as reaping dividends from transaction fees for virtual assets in the HOTTOK wallet, earning HTS in HOTTOK voice chat products, sharing advertising revenue in HOTTOK products, and participating in DAO governance in HOTTOK. HOTTOK secures its customers within these ecosystems, cultivating their alternative virtual personas across various sectors such as lifestyle, entertainment and commerce. Using virtual reality technology, HOTTOK provides an immersive user experience, allowing individuals to enjoy virtual social interactions, leading to content creation and generating revenue in the process.
In its ecological design, HOTTOK forms a complex ecosystem that includes social voice chat, interactive virtual environments, informal competitive gaming, metaverse social NFTs, original content and creation, trading and exchange of assets, families and DAO. Through these ecosystems, HOTTOK anchors its customers, creating its alternative personas in the virtual realm, spanning various sectors such as lifestyle, entertainment and commerce. Harnessing the power of virtual reality, HOTTOK presents an immersive experience, allowing users to enjoy the joys of virtual socializing, where they can experience unparalleled joy, express emotions, generate content and earn money during their social interactions.
In this era characterized by a creator-driven economy, HOTTOK provides community-centric, self-earning content to dominate the landscape. It gives consumers an opportunity to own their content and profit from it. Any form of engagement, be it content creation or interaction with other users’ content, will be rewarded accordingly with HTS and Social_NFT.
Triggering a radical metamorphosis in the internet landscape, HOTTOK is set to redefine our online interactions, transactions and social experiences. With the development of technology and the refinement of its ecological scenarios, HOTTOK is positioned to lead the Web 3.0 industry, consolidating its status as the leading gateway of Web 3.0 traffic.
Satan EscoHOTTOK LTDinfo(at)hottok.social